Features & Benefits
Maximised Coverage with a Full Refund Upon Maturity¹
Hong Leong SMART Biz Term Insurance is a comprehensive coverage plan that refunds your total premium paid1 upon maturity of the plan.
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Benefit |
Amount Payable |
|---|---|
Maturity |
100% of Total Premium Paid1 |
Death or TPD2 |
100% of Sum Assured |
Accidental death or TPD2 |
Additional 100% of Sum Assured |
Bereavement Benefit |
10%3 of Sum Assured |
1 Upon maturity of the policy, a full refund (100%) of total premiums paid including any premium paid on basic plan due to health loading imposed, but excluding premium paid for riders, will be refunded to the policy owner.
2 Total and Permanent Disability (TPD) benefit will be payable should it occur prior to age 65.
3 Subject to a maximum of RM10,000.
Limited Premium Payment
Your Premium Payments will cease 5 years before the maturity of your policy. During this period where no premium payment is needed, Life Assured continues to enjoy same level of coverage.
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Large Sum Assured Discount
You will be entitled for a Large Sum Assured Discount if your Sum Assured is RM250,000 and above.
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Flexible Premium Payment Frequency
Payments can be done monthly, quarterly, semi-annually or annually via cash, cheque, credit card and auto debit.
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Eligibility
- Minimum Entry Age: 30 days old
- Maximum Entry Age: 65 years old
- Minimum Basic Sum Assured: RM30,000
- Maximum Basic Sum Assured: Subject to underwriting
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This product is underwritten by Hong Leong Assurance Berhad, an insurer licensed under the Financial Services Act 2013 and regulated by Bank Negara Malaysia.
This plan may qualify you for personal tax relief, subject to the final decision of the Inland Revenue Board.
Disclaimer
The information provided on this page is not a contract of insurance. The descriptions of cover are a brief summary for quick and easy reference. The precise terms and conditions that apply are in the policy document.
This plan is underwritten by Hong Leong Assurance Berhad, and distributed by Hong Leong Bank Berhad. Hong Leong Assurance Berhad is a member of PIDM.The benefit(s) payable under eligible product is protected by PIDM up to limits. Please refer to PIDM’s Takaful and Insurance Benefits Protection System (TIPS) Brochure, contact Hong Leong Assurance (http://www.hla.com.my/)or PIDM (visit www.pidm.gov.my). The Bank accepts no responsibility or liability for the plan or the products and services offered by Hong Leong Assurance Berhad.
