Insurance Policy In Malaysia


personal accident insurance plan

The life insurance policies give you and your family the comfort of protection in the event of death or total and permanent disability. It’s the life insurance policies that any of your need and budget.

The Accident Insurance Policies That Gives Wide-Ranging Extensions

There are two plans that suits you and get 24-hour worldwide protection because accidents can happen anytime. Age between 18 and 70 years.

  • Max Protector – is a wide range of financial protection plans for you and your family. Age between 18 and 70 years.
  • If you are hospitalized due to an accident, you can get daily cash allowance.
  • 4 types of plans.
  • Subsidy is paid to each insured child if both parents pass away in the same accident.
  • Lump-sum payout in the event of accidental death or total and permanent disability.
  • Double Indemnity – The principal sum insured for death & permanent loss of two limbs, total paralysis or total loss of sight will be doubled in the event of an accident caused by snatch theft or robbery or while traveling in a public conveyance.

  • Home Guard PA – is a personal accident insurance plan in Malaysia that covers accidental death and permanent disablement. Age between 18 and 50.
  • Inconvenience allowance.
  • Utility bills reimbursement.
  • 2 types of plans.
  • 200% payout for death and permanent loss of 2 limbs, total paralysis or total loss of sight caused by snatch theft or robbery while traveling on public transport.
  • Accommodation reimbursement.
  • This product is available via Telemarketing Channel only.

The Term Life Coverage

Get protection from unfortunate events and benefit from adequate life coverage at affordable premiums and then you will receive a lump-sum payout upon death or total and permanent disability. This applies to ages between 30 days and 60 years at the next birthday.

  • MaxMoney Back – Be protected with a guaranteed premium refund at maturity if no claims were made during the policy term.
  • Fixed premium rates.
  • Covers death or total and permanent disability.
  • Flexible coverage terms of 10, 15, 20, 25 or 30 years.
  • Additional benefit equivalent to 200%* of sum assured in the case of accidental death or total and permanent disability.

  • 1Malaysia Micro Protection Plan – is a renewable term assurance plan with affordable premiums and an easy application process with simple health declarations. Ages between 18 and 60 years at the next birthday.
  • Protection plan also includes hospital income benefit.
  • Affordable premiums from RM10 a month.
  • Renewable coverage up to age 66 years at the next birthday.
  • Covers death or total and permanent disability.

The OCBC Bank Malaysia

It has been operating in Malaysia for more than eight decades and is today among the leading foreign banks in the country. The bank has grown to become one of Malaysia’s largest foreign banks since it was incorporated in 1994 as OCBC Bank (Malaysia) Berhad. OCBC Al-Amin Bank Berhad (OCBC Al-Amin) is its Islamic banking subsidiary that was established in Malaysia in 2008, is the country’s first Singapore-based Islamic Bank. OCBC Malaysia’s total branch network currently stands at 41, comprising 31 conventional and 10 Islamic banking ones as at 1 November 2014.

 

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