• Biz Shield-i

Biz Shield-i is a surplus sharing single contribution reducing term plan that provides death and total and permanent disability (TPD) benefits.

Customers who take up business financing with CIMB Islamic Bank.   

Entry Age Limit Of Person Covered

(Age Last Birthday)

i)              Minimum age at entry : 21 years old
ii)             Maximum age at entry : 65 years old
iii)            Maximum expiry age    : 70 years old

Certificate Term

i)              Minimum term : 1 year
ii)             Maximum term: 7 years or up to maximum expiry age of 70 years old, whichever is earlier.

Sum Covered

i)               Minimum : RM50,000
ii)              Maximum: RM 500,000

This plan covers:

  • Death: Reducing sum covered will be payable in one lump sum in the event of death of the person covered.
  • Total and permanent disability (TPD) (own & similar occupation): The reducing sum covered will be payable in one lump sum upon TPD of the person covered. 

This plan is managed by Sun Life Malaysia Takaful Berhad (689263-M), a takaful operator registered with Bank Negara Malaysia under the Islamic Financial Services Act 2013

The description of the features and benefits of the takaful product herein is not a contract of family takaful and is only a brief summary of the takaful product for quick and easy reference. The complete terms and conditions of the takaful product are contained in the Contract Document of Sun Life Malaysia Takaful Berhad (689263-M), the Takaful Operator.

CIMB Islamic Bank Berhad ("Bank") accepts no responsibility, obligation or liability for this takaful product and the services provided by the Takaful Operator. The Bank merely acts as a distributor for this takaful product.

This takaful product is the Sun Life Malaysia’s product and not a product of the Bank. Therefore this takaful product is not guaranteed by the Bank, its subsidiaries and/or its affiliates and the Takaful Operator shall undertake the full responsibilities, obligations and liabilities in respect of this takaful product. 

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