Insurance coverage on your hire purchase loan outstanding based on reducing coverage amount should unexpected events happen to you.
Death/Total and permanent disability (TPD) benefit
The reducing sum assured (RSA) as at the event date will be payable in one lump sum upon the death/TPD of the life assured.
Note: TPD benefit shall cease on the certificate monthly anniversary immediately following the life assured's 65th birthday.
Accidental death/ Accidental total and permanent disability (TPD) benefit
Additional 10% of the RSA will be payable if the death/TPD of life assured occurs due to accidental causes.
Note: Accidental death/Accidental TPD benefit shall cease on the certificate monthly anniversary immediately following the life assured's 65th birthday.
Note: Terms and conditions apply.
The benefit(s) payable under eligible certificate/policy/contract is(are) protected by PIDM up to limits. Please refer to PIDM’s Takaful and Insurance Benefits Protection System (TIPS) Brochure or contact Sun Life Malaysia Assurance Berhad or PIDM (visit www.pidm.gov.my).