Elite Credit Shield
Shielding Your Loved Ones From Unexpected Burdens.
Pays up to 300% of outstanding credit card balance should any unexpected happen. Benefit payment will first use to offset any outstanding with bank and your loved ones will receive the balance as financial support.
This is a Life insurance product.
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The non-participating term life plan is one of the financial protection plans that you can have as a security for you and your family.
Key Features
Highlights of Elite Credit Shield:
- Pays off the outstanding credit card balance in the event of death due to sickness, TPD or diagnosis of a covered critical illness up to a maximum of RM100,000.
- Pays 200% of the outstanding credit card balance in the event of accidental death.
- Pays 300% of the outstanding credit card balance in the event of death due to accident in a motorized public vehicle or lift or accident caused by fire in a public building.
- From the total amount payable, only 100% of the outstanding credit card balance shall be paid to the Bank and the excess amount shall be paid to your nominee.
The benefit(s) payable under eligible product is protected by PIDM up to limits. Please refer to PIDM’s Takaful and Insurance Benefits Protection System (“TIPS”) brochure or contact Manulife Insurance Berhad or PIDM (visit www.pidm.gov.my).
DISCLAIMER FOR BANCASSURANCE PRODUCTS
Before purchasing the insurance policy, you are advised to refer to the terms and conditions in the Product Brochure, Product Disclosure Sheet and Product Illustration for details of the important features and major exclusions of the insurance plan.
This insurance product is underwritten by Manulife Insurance Berhad (200801013654 (814942-M)), a licensed insurance company regulated by Bank Negara Malaysia and is distributed by Alliance Bank Malaysia Berhad (“Bank”) (198201008390 (88103-W)). The Bank accepts no responsibility or liability for the plan or the products and services offered by Manulife Insurance Berhad.
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