Info on Teras Malaysia Extra

Life thrills us with surprise and unexpected events, how can you always be prepared to protect the ones you love? They are as precious to you as you are to them, and all you wish for is the best for your family and for them to have all that they need.

They can, with Teras Malaysia Extra.

Teras Malaysia Extra goes the extra distance to take care of you and to ensure that your family's future is secured.

A little bit extra is worth a lot. You can have greater peace of mind, knowning that your loved ones will be well taken care of.

On top of:

  • 100% guarantee on all benefits
  • A refund of all premiums (excluding any loadings on premium and rider premiums) upon maturity of the policy, if survives till the end of term and has not made any TPD claims
  • Death benefit of 100% of the sum assured upon accidental death (up to age 65)
  • Total permanent disability cover of 100% of the sum assured (up to age 65), subject to a maximum limit of RM 1 million. On commencement of disability, premium payable will be waived
    Example: Basic SA : RM 1.5 million
    Upon diagnosis of TPD
    1. 1st payment (6 months after diagnosis) : RM200, 000
    2. 2nd payment (18 months after diagnosis) : RM800,000
    Total TPD Payout : RM 1 million

    Thereafter if:

    1. death occurs during the policy term, the balance of RM500,000 will be payable, and the policy shall cease
    2. there is no death claim until end of policy term, policy shall cease and no payment will be made
  • Flexible terms of coverage (up to 30 years)

Teras Malaysia Extra now covers you for

  • 36 Critical IIlnesses : A one time additional benefit of RM 10,000
  • Daily Hospital Allowance : RM 50 per day up to 45 days per year subject to lifetime limit 300 days
  • Funeral expenses : RM 2,000

Policy Terms and Sum Assured (SA)

  • Four different policy term options : 15, 20, 25 and 30 years
  • Min SA : RM 50,000
  • Max SA : subject to company's underwritting pratice

Premium Payment Term

  • Same as policy term

Payment mode

  • Yearly, half-yearly, quaterly, monthly

Who Can Participate In This Plan?
Age Next Birthday of Life Insured Minumum Entry Age
Maximum Entry Age
Term 15 Term 20 Term 25 Term 30
16
55
50
45
40

The maximum age at maturity is 70 years old.

Ensure that your family's future is taken care of.
Be ready with Teras Malaysia Extra today.

Giving you the gift of security for all your tomorrows.



Info Sheet on Critical Illnesses

A one-time additional benefit of RM 10,000 is payable in the event the insured is diagnosed to suffer from any one of the following critical illnesses.

1. Aplastic Aneamia 19. Loss of Independent Existence
2. Apallic Syndrome 20. Loss of Speech
3. Alzheimer's
Disease/Irreversible Organic
Degenerative Brain Disorders		 21. Major Burns
4. Benign Brain Tumor 22. Major Head Trauma
5. Blindness 23. Major Organ Transplant
6. Brain Surgery 24. Medullary Cystic Disease
7. Cancer 25. Meningitis
8. Cardiomyopathy 26. Motor Neurone Disease
9. Chronic Liver Disease 27. Multiple Sclerosis
10. Chronic Lung Disease 28. Muscular Dystrophy
11. Coma 29. Paralysis / Paraplegia
12. Coronary Artery Disease 30. Parkinson's Disease
13. Loss of Hearing/ Deafness 31. Poliomyelitis
14. Encephalitis 32. Primary Pulmonary Arterial Hypertension
15. Fulminant Viral Hepatitis 33. Stroke
16. Heart Attack 34. Surgery to Aorta
17. Heart Valve Replacement 35. Systemic Lupus Erthematosus with Lupus Nephritis
18. Kidney Failure 36. Terminal Illness

Disclaimer & Important Notices

  1. Free-look period / cooling-off period
    If you find the product unsuitable for whatever reason, you have the right to return the policy to the participating insurance companies within fifteen (15) days from the date of receipt of your policy document. You will be entitled to a refund of the full premium, after deducting medical expenses incurred by the participating insurance companies (if applicable) for issuring the policy.
  2. You should satisfy yourself that this plan can best serve your needs and that the premiums payable under this policy is an amount that you can afford. Tha premiums payable under this policy is guaranteed in nature.
  3. The policy may not have a guaranteed minimum cash value on termination until after you have paid premimum for three years.
  4. If you terminate your policy in the early years, you may get back less than the amount that you have paid in.
  5. The brochure is a brief description of the product. For full details on terms and consition, including exclusions and limitations, please refer to the policy contract E. & O.E.
  6. For more information on Medical & Health Insurance and Life Insurance, you are advised to get a copy of the Consumer Education Booklet or visit www.insuranceinfo.com.my
  7. In the event of any dispute or ambiguity arising out of the Bahasa Malaysia, Chinese & Tamil translation in this brochure, the English version shall prevail.
  8. You should refer to the Information Sheet before purchasing this plan.
  9. You may quality for income tax relief for life insurance premium and EPF contribution or education and medical insurance premium, subject to terms and condition imposed by the Inland Revenue Board. For further information, please log on to http://www.hasil.org.my and refer to Law and Regulation (Rulings).