PB Critical Shield (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).

Prepare for the life's uncertainties inclusive of 6 key critical illnesses with hassle-free enrolment

PB Critical Shield (this is an insurance product) is a regular premium non-participating plan which covers death, accidental death, Total and Permanent Disability (TPD), and 6 types of key Critical Illness (CI). Additionally, when the policy matures at policy year 30, or Insured attains 80 years old, whichever is earlier, Maturity Benefit shall be payable.

What Does PB Critical Shield Offer?

  • Protecting you against 6 key critical illnesses
  • Comprehensive coverage against death, TPD, and accidental death
  • Celebrate the maturity of the policy
  • Hassle-free enrolment with no medical check-up
  • Stay healthier, longer and better lives to receive additional benefit

The description, benefits, exclusions, terms and conditions described above have been summarised and are not exhaustive. For a detailed explanation on its benefits, exclusions, terms and conditions, please refer to the policy contract.

To find out more, call us now at +603 - 2170 8000 or visit any of our branches for more information!

What Does PB Critical Shield Offer?
  • Protecting you against 6 key critical illnesses
    • Critical Illness (CI) Benefit1
      Upon diagnosed with any of the 6 Covered Critical Illnesses stated below, the CI Benefit1 is payable subject to the Schedule of Benefit Payout.
    • Covered Critical Illnesses
      • Cancer
      • Heart Attack
      • Stroke
      • Alzheimer’s Disease
      • Parkinson’s Disease
      • Severe Dementia
  • Comprehensive coverage against death, TPD and accidental death
    • Death Benefit1/TPD Benefit2
      • In the event of you passed away or suffers from TPD, the Death Benefit1/TPD Benefit2 is payable as per the Schedule of Benefit Payout. 
    • Accidental Death Benefit (ADB)2
      • In the event of you passed away due to accidental causes, an additional 100% of the Basic Sum Assured shall be payable, in addition to the Death Benefit1.
    • Note: Below is the Schedule of Benefit Payout for CI Benefit1, Death Benefit1, and TPD Benefit2.
      • Policy Year when the Insured Event Occurs Benefit Payouts
        1 50%  of Basic Sum Assured
        2 60%  of Basic Sum Assured
        3 70%  of Basic Sum Assured
        4 80%  of Basic Sum Assured
        5 and above 100%  of Basic Sum Assured
  • Celebrate the maturity of the policy
    • Maturity Benefit
      • When the policy matures at policy year 30 or Insured attains 80 years old, whichever is earlier, 100% of the Total Premiums Paid3 shall be payable to celebrate this significant milestone in your life
  • Hassle-free enrolment with no medical check-up
    • No medical check-up required upon enrolling in the product, with a basic sum assured up to RM500,000 per life limit.
  • Stay healthier, longer and better lives to receive additional benefit
    • Vitality Yearly Wealth Bonus (VYWB)4
      • When the Insured becomes an active AIA Vitality member, the Insured can enjoy an additional benefit called the VYWB4.
        As a reward for staying healthy, a VYWB4 (as per below table) will be payable on every policy anniversary depending on the Insured’s AIA Vitality Status.
      • AIA Vitality status Platinum Gold Silver Bronze

        Vitality Yearly Wealth Bonus4

        (% of Annualised Premium5)

        3.0% 1.5% 0.0% 0.0%

 

Notes:

1 The coverage term of the CI Benefit and Death Benefit are 30 years, or until the Insured attains 80 years old, whichever is earlier. The policy will terminate after the payment of any of the benefit. The CI Benefit shall be subject to a maximum per life limit, please refer to the plan illustration, product disclosure sheet and policy contract for further details.

2 The coverage term of the TPD Benefit and ADB is until the Insured attains 70 years old or the expiry of the policy, whichever is earlier. The policy will terminate after the payment of any of the benefit. The TPD Benefit and ADB shall be subject to a maximum per life limit, please refer to the plan illustration, product disclosure sheet and policy contract for further details.

3 "Total Premiums Paid" means an amount equal to the total premiums that you have to pay for this policy from the policy date up to the last premium falling due immediately before the date of the event giving rise to payment of benefits under this policy. If the premium is subsequently reduced according to the term and conditions of the policy, the premium amount that has been reduced will be considered as being paid from the policy date when determining the Total Premiums Paid.

4 Vitality Yearly Wealth Bonus is applicable if the Insured is an AIA Vitality member. The Vitality Yearly Wealth Bonus will be pro-rated based on days where the Insured’s AIA Vitality membership is active in the last policy year. The VYWB shall be payable based on the Annualised Premium at policy inception or current Annualised Premium, whichever is lower.

5 "Annualised Premium" means the total premium that is required to be paid for each Policy Year. If the premium is subsequently reduced according to the term and conditions of the policy, the reduced premium will be used to calculate the Annualised Premium when determining the relevant benefits payable under this policy.

Eligibility

This policy is available to individuals aged between 18 and 60 years old and coverage term 30 years or up to Insured attains 80 years old, whichever is earlier. The entry age varies based on the premium payment term as shown in the table below.

Premium Payment Term Entry Age
6 years 18 years old - 60 years old
10 years 18 years old - 55 years old
What Are The Major Exclusions For The Product?
  • Any death arising from the occurrence of the following is not covered under PB Critical Shield:
    • Death due to suicide within 1 year from the issue date or commencement date of the policy, whichever is later,
      AIA Bhd.’s liability shall be limited to the refund of premiums paid without interest.
  • Any critical illnesses arising from the occurrence of the following is not covered under Critical Illness Benefit1:
    • Pre-existing conditions prior to the issue date or commencement date, whichever is later;
    • Cancer, and Heart Attack, for which the signs or symptoms first occurred within 60 days following the issue date or commencement date, whichever is later;
    • Stroke, Alzheimer Disease, Severe Dementia, and Parkinson Disease for which the signs or symptoms first occurred within 30 days following the issue date or commencement date, whichever is later;
    • Critical illness was diagnosed directly or indirectly due to a congenital defect or disease which has manifested or was diagnosed before age 17; or
    • The diagnosis of Cancer, Alzheimer’s Disease, or Severe Dementia was directly or indirectly due to an Acquired Immune Deficiency Syndrome (AIDS) or infection by any Human Immunodeficiency Virus (HIV).
  • Any TPD arising from the occurrence of the following is not covered under TPD Benefit2:
    • Willful exposure to danger or attempted self-destruction or self-inflicted injuries while sane or insane;
    • Services in the armed forces in time of declared or undeclared war or while under orders for warlike operations or restoration of public order;
    • Activities connected to any aerial device or conveyance except as a fare-paying passenger or crew member on a commercial airline on a regular scheduled passenger trip over its established passenger route;
    • Any congenital defect which has manifested or was diagnosed before age 17; or
    • Disability resulting from a physical or mental condition and pre-existing conditions which existed before the issue date or commencement date, whichever is later.
  • Any accidental death arising from the occurrences of the following is not covered under Accidental Death Benefit2:
    • 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;
    • Wrongful act such as violation or attempted violation of the law or resistance to arrest, participating in any fight, racing on wheels or accidents due to intoxication of alcohol or drugs; or
    • 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.

Notes:

1 The coverage term of the CI Benefit and Death Benefit are 30 years, or until the Insured attains 80 years old, whichever is earlier. The policy will terminate after the payment of any of the benefit. The CI Benefit shall be subject to a maximum per life limit, please refer to the plan illustration, product disclosure sheet and policy contract for further details.

2 The coverage term of the TPD Benefit and ADB is until the Insured attains 70 years old or the expiry of the policy, whichever is earlier. The policy will terminate after the payment of any of the benefit. The TPD Benefit and ADB shall be subject to a maximum per life limit, please refer to the plan illustration, product disclosure sheet and policy contract for further details.

Note: This list is not exhaustive. Please refer to the policy contract for the full list of exclusions.

This plan is underwritten by AIA Bhd., a licensed insurance company 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

Distributed by: