What's the CIMB Sun Protector all about?
Sun Protector is a term insurance plan by CIMB underwritten by Sun Life Malaysia Assurance that provides complete financial protection for your loved ones upon your death or if you become permanently disabled because of an accident.
You'll also be rewarded for being a long-time CIMB Sun Protector policyholder with perks such as loyalty bonuses and birthday treat benefits throughout all 15 years of your policy period.
How much cash can you get out of your policy? Lump-sum cash payments of up to 300% of your original sum assured will be payable upon death or total and permanent disability ( TPD) due to natural or accidental causes.
Tell me more about the loyalty and birthday treat bonuses?
Sure thing! For the loyalty bonus, you'll be guaranteed a cash bonus equivalent to your yearly premium amount every 3 years - consider it a cashback on your premium payments!
Similarly, the birthday treat is also a lump sum cash reward amounting to 8 times your monthly premium, payable every 5 years during your birthday month. That's not all, during your last policy year, you'll get 16 times your monthly premium during your birthday month.
Can I also get a full premium discount at maturity for no claims?
Not quite, but you will get back 25% of your total premiums paid minus any claims or cash payments throughout your policy term.
When will my CIMB Sun Protector policy expire?
Once you've signed up for the CIMB Sun Protector, you and your family will enjoy protection for up to 15 years. You can only renew your policy until you reach the age of 55.
How and when do I need to pay for my insurance plan?
You can pay for your insurance policy using credit card, debit card, or direct debit from your checking account. You'll have the flexibility to choose yearly, half-yearly, quarterly, or monthly payments.
Who can buy this CIMB insurance policy?
You can buy the CIMB Sun Protector when you're as young as 18 years old. The cut-off age is 40 years old and your plan will expire once you reach the age of 55.
If you're a parent wanting to buy a complete life insurance plan with loyalty benefits for your teenage children and spouse, the CIMB Sun Protector might just be the thing for you - it's simply more than a conventional insurance policy!