What is Convertible Term Assurance¹?
This is a traditional non-participating plan which covers Death and Total and Permanent Disability (TPD). This plan is also convertible into whole life or endowment plan without medical evidence.
Plan overview
- Coverage Term
- Minimum 5 years, up to age 70 next birthday
- Sum Assured
- From minimum RM 50,000
- Entry Age
- 17 years old – 60 years old
1 The benefit(s) payable under eligible policy is protected by PIDM up to limits.
Please refer to PIDM’s TIPS Brochure or contact Tokio Marine Life Insurance Malaysia Bhd. or PIDM (visit www.pidm.gov.my).
Why is it important to you?
Here are some reasons why you should consider purchasing Convertible Term Assurance.
Affordable
Provides largest sum assured protection at the lowest cost.
Renewable
Renew this plan without medical evidence up to the maximum allowable entry age.
Is this right for you?
How to decide if this plan is suitable for you?
This is suitable if you want:
✔︎ Protection plan at the lowest cost
✔︎ A convertible plan
This is not suitable if you want:
✖︎ Investment plan
✖︎ Saving plan
What does this plan provide you?
These are the benefits you get when you purchase this plan.
Important Information
This plan is underwritten by Tokio Marine Life Insurance Malaysia Bhd. All benefits and features herein are subject to terms and conditions of the policy. It is in your best interest to refer to the Policy Contract for the precise terms and conditions of this insurance plan. The information shown here is for reference only and is accurate as at 1 January 2017.
Buying life insurance is a long term commitment. If you surrender the policy in the early years, the amount you get back may be less than amount that you have paid in.
Note: You should satisfy yourself that this policy will best serve your needs. You should read and understand the insurance policy, and at all times, feel free to contact us for more information.
Have a question? Speak to our friendly agents.
Click on ‘Get in touch’ for more assistance
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Tokio Marine Life Insurance Malaysia Bhd. 199801001430 (457556-X)
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