What is Ezy-Life Secure?
For protection that matters, the Ezy-Life Secure by Etiqa is a term-life policy that looks after your family if anything were to happen to you, resulting in death or total permanent disability.
You are significant to your family, whatever your age or position, therefore planning ahead to protect them should be your number one priority. Ezy-Life Secure ensures that 100% of your sum assured will be granted to your family when the need it.
What does my coverage look like?
Much like any protection programme, this policy takes into consideration the financial instability that your family or loved ones will face without you to provide for them. Therefore, you are covered for both natural and accidental death up to the age of 80.
Should anything happen to you a lump sum payment of 100% your insured sum will be credited to your nominated family member. The rule also applies in the case you face total and permanent disability, impairing your work life.
You have the option of going for a coverage of RM50,000 all the way up to RM200,000. You can increase your benefit amount in intervals of RM10,000 whenever you need to.
How do I become eligible for Ezy-Life Secure?
Simple. Since this is an insurance policy that wants to encourage planning ahead, the minimum age for you to be eligible is 17 or the age of 17 on your next birthdat. Anyone from 16 up to the age of 63 can purchase the policy, after which you can keep renewing it up to the age of 80.
The approval of the application will take into consideration the general state of your health as well.
What about the premiums?
The premiums for this policy will be determined upon your application, depending on what you want your sum assured to be. Not to worry, the premiums are fixed throughout the duration of your tenure and will not change.
Aside from that, you will have the option of either paying a monthly premium or an annual premium.
Is there a penalty for late payments?
If you’re always forgetting to pay your premiums, don’t worry. There is still have a 31-day grace period from your payment due date for you to make your payments.
However, if you keep missing out on your payments, Etiqa is at liberty to terminate your term-life policy prematurely. So maybe set reminders and pick payment plan that works best with your schedule and lifestyle.