This insurance product is underwritten by AIA Bhd., licensed under the Financial Services Act 2013 and regulated by Bank Negara Malaysia.
Contact Details: AIA Bhd. 200701032867 (790895-D) Menara AIA, 99 Jalan Ampang, 50450 Kuala Lumpur, P.O. Box 10846, 50927 Kuala Lumpur
Protects you against unexpected events up to 600% of sum assured while securing your premium.
(This is an insurance product)
AIA Bhd. is a member of Perbadanan Insurans Deposit Malaysia.
The benefit(s) payable under eligible policy/product is(are) protected by PIDM up to limits. Please refer to PIDM’s Takaful and Insurance Benefits Protection System ("TIPS") Brochure or contact AIA Bhd. or PIDM (visit www.pidm.gov.my)."
PB Life Plus is a non-participating term life insurance plan with a premium payment term of 20 years, offering insurance protection against death or Total and Permanent Disability (TPD) for 40 years. Furthermore, it also provides a Milestone Payout that pays 10% of your total premiums paid at the end of 20 years and 100% of your total premiums paid at the end of 40 years.
This product is created exclusively for Public Bank account holders where payment can be made via credit card, debit card, or Public Bank Savings account.
How can you and your family benefit from this plan?
- Limited payment term of 20 years
- Death Benefit
- Total and Permanent Disability Benefit1
- Accidental Death Benefit1
- Accidental Death in Public Conveyance Benefit1
- Celebrate completion of premium payment
- At the end of policy year 20,
- For policy year 21 to 40,
- Upon maturity
- Rest assured that your premiums are secured with Milestone Payout.
- Guaranteed Premium
- Easy and Simple Enrolment Process
- Convenient Premium Payment
Notes:
1 Coverage for Total and Permanent Disability Benefit, Accidental Death Benefit and Accidental Death in Public Conveyance Benefit is up to age 70 years old.
The description, benefits, exclusions, terms and conditions described above have been summarised and are not exhaustive. Details of more complete terms, conditions and exclusions are available in the policy contract.
**This product is specially brought to Public Bank's customer via its insurance program with AIA Bhd. and is sold through Telemarketing only.
To find out more, please contact Public Bank at +603 - 2170 8000
- Limited payment term of 20 years
You only need to pay your premium for 20 years and be protected for 40 years. - Death Benefit is payable if the insured passes away while the policy is in force.
- Total and Permanent Disability Benefit1 is payable if the insured suffers from TPD while the policy is in force.
- Accidental Death Benefit1 is payable if the insured passes away due to an accidental injury within 90 days from the date of the accident.
- Accidental Death in Public Conveyance Benefit1 is payable if the insured passes away while travelling in public conveyance or as a result of burning in public buildings.
- Celebrate completion of premium payment
- At the end of policy year 20, you will receive the Milestone Payout that pays 10% of your total premiums paid.
- For policy year 21 to 40, your coverage will be doubled. You will receive 4 times the coverage
for Accidental Death Benefit or 6 times the coverage for Accidental Death in Public Conveyance Benefit. - Upon maturity, you will receive the Milestone Payout that pays 100% of the total premiums paid.
- Rest assured that your premiums are secured with Milestone Payout.
- Guaranteed Premium where premium is levelled and guaranteed throughout the premium payment term.
- Easy and Simple Enrolment Process where no medical examination is required.
- Convenient Premium Payment via auto debit from your credit card, debit card, or Public Bank Savings account.
Notes:
1 Coverage for Total and Permanent Disability Benefit, Accidental Death Benefit and Accidental Death in Public Conveyance Benefit is up to age 70 years old.
The description, benefits, exclusions, terms and conditions described above have been summarised and are not exhaustive. Details of more complete terms, conditions and exclusions are available in the policy contract.
Entry Age
- Minimum Age
- 18 years old (last birthday)
- Maximum Age
- 45 years old (last birthday)
Coverage Term
- 40 years
Plan Types
There are 3 affordable plans with different benefit amounts. Please refer to the Table of Benefits below.
Benefits | Plan 1 | Plan 2 | Plan 3 | ||||||
---|---|---|---|---|---|---|---|---|---|
Sum Assured |
RM50,000 |
RM75,000 |
RM100,000 |
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Death Benefit |
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Total and Permanent Disability (TPD) Benefit |
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Accidental Death Benefit* |
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Accidental Death in Public Conveyance Benefit* |
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Milestone Payout |
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Notes:
*If the Insured dies due to an accidental injury after the policy anniversary immediately following the Insured’s 70th birthday anniversary while this policy is still in force and before the expiry date of the policy, the Death Benefit will be paid.
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If the insured, whether sane or insane, commits suicide within 1 year from the issue date or commencement date, whichever is later, AIA’s liability shall be limited to the refund of premiums paid without interest. In the case of reinstatement, such refund of premium shall be calculated from the commencement date.
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Exclusion for Accidental Death Benefit and Accidental Death in Public Conveyance Benefit - Any Accidental Injury caused directly or indirectly, wholly or partly, by any 1 of the following occurrences shall not be considered as an Accidental Injury:
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Willful exposure to danger or self-inflicted act while sane or insane;
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Assault or murder or due to war (declared or undeclared), revolution, riot and civil commotion, industrial action or terrorist activity;
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Violation or attempted violation of the law or resistance to arrest including participating in any fight, racing on wheels or accident due to intoxication of alcohol or drugs; or
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Entering, exiting, operating, servicing, or being transported by any aerial device or conveyance except when the Insured is a fare-paying passenger or crew member on a commercial passenger airline on a regular scheduled passenger trip over its established passenger route.
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- Exclusion for Total and Permanent Disability Benefit - Any Disability caused directly or indirectly, wholly or partly, by any 1 of the following occurrences shall not be considered as Disability:
- Willful exposure to danger or self-inflicted act while sane or insane;
- Assault or murder or due to war (declared or undeclared), revolution, riot and civil commotion, industrial action or terrorist activity;
- Violation or attempted violation of the law or resistance to arrest including participating in any fight, racing on wheels or accident due to intoxication of alcohol or drugs;
- Entering, exiting, operating, servicing, or being transported by any aerial device or conveyance except when the Insured is a fare-paying passenger or crew member on a commercial passenger airline on a regular scheduled passenger trip over its established passenger route; or
- Pre-existing disability resulting from a physical or mental condition and pre-existing conditions prior to issue date or commencement date, whichever is later.
The description, benefits, exclusions, terms and conditions described above have been summarised and are not exhaustive. Details of more complete terms, conditions and exclusions are available in the policy contract.
You can call the AIA Customer Service Hotline at 1-800-18-1464 to cancel your policy over the phone before the policy contract is issued. Alternatively, you may cancel your policy at any time by submitting a written notice to AIA General Berhad.
- PB Life Plus Product Disclosure Sheet