Business Loan Decreasing Term Assurance 2.0 / Business Loan Overdraft Level Term Assurance

Business Loan Decreasing Term Assurance 2.0 / Business Loan Overdraft Level Term Assurance

Owning a business is one of your biggest achievements in life. In most cases, a loan is obtained to fund the required capital to start a business. That's why you need to protect what you started in order for your business to become a lasting empire. Our Business Loan Assurance enables you to do just that, freeing you to expand your business year after year.

How Can Business Loan Assurance Help You?

  1. Loan Settlement
In the event of death or disability1, your sum insured will be used to settle your outstanding loan.
  1. Hassle Free
When your business loan is fully covered, your family members or business partners do not have to worry about non-payment of loan should the unthinkable happen to you.
  1. Anytime, anywhere
You are guaranteed protection no matter where you are, 24 hours a day.
  1. Freedom to grow
Innovate your entrepreneurship and grow the business knowing that whatever effort you invest into your business is protected.
Plan Options Sum Insured Death/Disability1 Accidental Death
Business Loan Decreasing Term Assurance 2.0 (BLDTA 2.0) As the outstanding loan reduces each year, so does the sum insured Lump sum payment according to the Schedule of Sum Insured If accidental death occurs within ninety (90) days from the date of Accident, an additional ten (10) percent of the amount of insurance in accordance with the Schedule of Sum Insured or RM 150,000, whichever is lower, will be payable.
Business Loan Overdraft Level Term Assurance (BLOLTA) Sum insured is unchanged, regardless of the outstanding loan Lump sum payment according to the Schedule of Sum Insured Not applicable

Examples of the events not covered by the BLDTA 2.0 / BLOLTA include:

  1. For DeathSuicide committed within six (6) months from the effective date of insurance, whether sane or insane.
  2. For Disability1:Attempted suicide while sane or insane and whether felonious or not, self- inflicted bodily injury, disorderly conduct or deliberate exposure to unnecessary danger; or injuries sustained while engaging in hunting, mountaineering, aviation2 (except as a fare-paying passenger on a commercial airline), naval, military or aeronautical service, or racing (other than foot-racing) of any kind; or existing conditions at the effective date of insurance under the Master Policy.
  3. And other standard exclusions.

1 Also known as Total and Permanent Disability for BLDTA 2.0 and Permanent Total Disability for BLOLTA.
2 For BLDTA 2.0, the exclusion for injuries sustained while engaging in aviation shall not apply to crew member on a commercial airline as well.

The description, benefits, exclusions, terms and conditions described above have been summarized and are not exhaustive. Details of more complete terms, conditions and exclusions are available in the Certificate of Insurance.

To find out more, call us now at toll free number 1-800-22-9999 or visit any of our branches for more information!

This plan is underwritten by AIA Bhd. licensed under the Financial Services Act 2013 and regulated by Bank Negara Malaysia.

Contact Details: AIA Bhd. (790895-D) Menara AIA, 99 Jalan Ampang, 50450 Kuala Lumpur, P.O. Box 10846, 50927 Kuala Lumpur

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