This is a 10-year non-participating term plan which provides protection upon death or Total and Permanent Disability (TPD) due to any causes, whichever occurs first. This policy comes with 2 options at the end of 10-year policy term:
Option to renew the policy for another 10 years without underwriting. Maximum renewal allowed is up to 2 times with the last renewal age at 65 years old, or
Option to convert the policy to a permanent plan i.e. whole life or endowment plan made available for conversion without underwriting for an amount not exceeding the basic sum assured at the time of the conversion. The last conversion age is 65 years old.
This plan has a minimum Sum Assured of RM50,000 and maximum Sum Assured of RM500,000. You may purchase more than one policy, up to maximum total sum assured of RM500,000.
No, the premium shall be guaranteed and level throughout the 10-year term. If you decide to renew your policy at the end of the 10-year term, the renewal premium will increase and is determined based on the attained age on the date of renewal.
This plan provides pure protection at an affordable premium to cater for the need to have simple and basic life coverage. The application is quick and easy through HLA Touch. The plan is designed such that it comes with the options to renew or convert at the end of policy term without underwriting. Regardless of the Life Assured’s health condition at the end of the policy term, he can renew the policy for another 10 years, or convert the policy to permanent plan (i.e. whole life or endowment plan) without further checking on health.
At the end of the 10th policy year, you could choose any one of the following options, without any underwriting or proof of health.
Renew the policy for another 10 years. The plan could be renewed up to 2 times, subject to the last renewal age of 65 years old. The renewal premium is determined based on the attained age on the date of renewal.
Convert the policy to another whole life or endowment plan for an amount not exceeding the basic sum assured at the time of the conversion. Once the conversion is exercised, Term Cover 10 will be terminated and the new policy will commence.
After the policy is renewed for another 10 years, at the end of this 10th policy year you are given the choice to renew or convert again, provided that you have not attained the age of 66 at that time.
No optional benefits are currently available for this plan, however you can purchase this plan under our Total Cover Package product bundle for additional coverage against Critical Illness and Daily Hospitalisation Income benefit.