Who Does This Benefit?
- My Legal Spouse & I: Age 19 – 60 years next birthday
- My Children: 30 days old – 19 or 23 years next birthday (full-time student)
- My Families: Who are looking for an affordable investment linked insurance plan
Get Protection Up to RM120,000 and Potential Investment Return only RM1* for the first month
Another 300 just opened up!
One of the Most Affordable Investment-linked Product (ILPs) in the market!
introduction
Guard Your Health, Help Grow Your Savings
benefits
Discover Our 8 Great Benefits
45 Critical Illnesses Coverage Up to RM60,000
Death (natural cause/illness) Coverage Up to RM60,000
Portable & continuous coverage until retirement
Accidental Death Coverage Up to RM120,000
Total and Permanent Disability(TPD) due to accident Coverage Up to RM120,000
Funeral expenses up to RM5,000
Up to RM60 daily hospitalization income for up to 500 days per life
Total Investment Value(TIV) based on Net Asset Value(NAV)
Pricing Plan
Find the Right Plan
Plan 30
RM30RM1*
/ For the first month
- 45 Critical Illnesses Coverage Up to RM30,000
- Death (natural cause/illness) Coverage Up to RM30,000
- Total and Permanent Disability(TPD) due to illness Coverage Up to RM30,000
- Accidental Death Coverage Up to RM60,000
- Total and Permanent Disability(TPD) due to accident Coverage Up to RM60,000
- Up to RM30 daily hospitalization income for up to 500 days per life
- Funeral expenses up to RM5,000
- Total Investment Value(TIV) based on Net Asset Value(NAV)
Plan 60
RM60RM1*
/ For the first month
- 45 Critical Illnesses Coverage Up to RM60,000
- Death (natural cause/illness) Coverage Up to RM60,000
- Total and Permanent Disability(TPD) due to illness Coverage Up to RM60,000
- Accidental Death Coverage Up to RM120,000
- Total and Permanent Disability(TPD) due to accident Coverage Up to RM120,000
- Up to RM60 daily hospitalization income for up to 500 days per life
- Funeral expenses up to RM5,000
- Total Investment Value(TIV) based on Net Asset Value(NAV)
RM200 is yours!
when you download the MetaFin Digital app and register to collect up to 20,000 MetaPoints voucher today!
Discover our Great Investment Scheme
What is Dana Gemilang?
A fund where 80% to 100% of the investments are in equities. This fund seeks to achieve medium to long-term capital appreciation. Although the fund invests mainly in Malaysia (50% to 100%), it may also partially invest in companies that have significant business operations in Singapore (up to 25%) and Greater China (Mainland China, Hong Kong, Macau and Taiwan) (up to 25%), if and when necessary, to enhance the fund’s returns. The fund only invests in Shariah-approved securities.
Source: https://www.greateasternlife.com/content/dam/dmassets/great-eastern/malaysia/gelm-brand-comm/gelm-about-us-media-centre/annual-report/gelm-bc-mc-ufar-eng-2022.pdfWhat is the potential return?
| End of Policy Year | |||||
|---|---|---|---|---|---|
| Total Contribution | |||||
| Non - Guaranteed | |||||
| Projected Investment Return of Fund: Y% | Projected Investment Return of Fund: X% | ||||
| 5% | 2% | ||||
| Cash Value | Death Benefit | Cash Value | Death Benefit | ||
|
5 |
1,800 |
562 |
30,562 |
524 |
30,524 |
|
10 |
3,600 |
1,216 |
31,216 |
1,057 |
31,057 |
|
15 |
5,400 |
1,979 |
31,979 |
1,599 |
31,599 |
|
20 |
7,200 |
3,032 |
33,032 |
2,306 |
32,306 |
- i) Projected investment return based on basic premium only.
- ii) Dana Gemilang fund is invested in Shariah-approved securities.
- iii) Maturity Benefits projection is not guaranteed. The actual benefits payable will depend on the actual of group performances of the underlying assets of the Unit Funds over time.
IMPORTANT NOTE:
1. The Intermediary Commission amounts to 10% of premium charges while the Service fee amounts to 2% of premium charges.
2. Free-look period - you may terminate the plan by returning the Certificate of Assurance to the Company by hand or registered post within fifteen (15) days after your receipt of the same. If the plan is terminated during this period, the Company shall refund an amount equal to the sum of,
- a. total investment values of the Certificate of Assurance,
- b. the investment values of the units which have been cancelled to pay for insurance charges and policy fees based on Net Asset Value at the Next Valuation Date, and
- c. the amount of premiums that have not been allocated to purchase units;
- d. minus the expenses incurred for medical examination, if any.
Details Breakdown
| Type of Plan (Sum Assured) | PART A: Benefits (RM) | PART B: Monthly Premium (RM) | PART C: *Intermediary's Commission | PART D: *Service Fee | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 45 Covered Event | Death or TPD due to Illness | Death or TPD due to accidental cause (Additional Payment) | Funeral Expenses | Total Investment Value (TIV) | Hospitalisation Benefit (per night stay) | Rate (%) | Monthly Amount (RM) | Rate (%) | Monthly Amount (RM) | ||
|
30,000 |
30,000 |
30,000 |
30,000 |
5,000 |
Based on the Net Asset Value |
30.00 |
30 |
10 |
3.00 |
2 |
0.60 |
NOTES:
Notes: Your plan will terminate upon occurrence of Death or TPD or any one of the 45 Covered Events (except for Angioplasty and other invasive treatments for coronary artery disease) or 100% claim of the sum assured on the Personal Accident Benefit, whichever occurs first.
Underwritten By:
Great Eastern Life Assurance (Malaysia) Berhad
Frequently Asked Questions
-
Does this policy include coverage for medical and treatment expenses in hospital?
No, this policy is not a medical card hence the customer will not be covered for medical and hospital treatments. However, there is a hospitalization benefit (hospital income) included under this policy whereby the customer may claim RM60 daily hospital cash allowance for up to 500 days per lifetime.
-
I have an existing insurance policy with GELM or other insurers. Should I sign up for this policy, can I submit claim for both?
The payout for the coverage will be payable as long as the claim submitted meets the definition of the covered events included in this policy.
-
Will the company pay the full death benefit if the customer commits suicide?
The company will pay full death benefit due to suicide occurring after twelve(12) months from the commencement of the assurance. The policy does not cover for suicide within (12) months from the commencement of the assurance.
-
When do policyholders receive total premium for pre-existing conditions, and are there exceptions for hospitalization income under the Master Policy Contract?
Policyholders will receive a total sum of their premium contribution for all claims(pre-existing conditions) received within 2 years from the policy in-force date. No other claim amount will be payable except for the hospitalization income benefit(non pre-existing conditions) which is payable in accordance to the Master Policy Contract. This will be effective with immediate effect and applicable for all policyholders.
-
After I withdrew the investment value in my plan, will I still be entitled to the insurance coverage?
Yes, the customer will still be covered under the insurance plan even though the withdrawal is activated. However, this is not encouraged as it may affect the overall investment value of the scheme.
-
The customer is a contractor. If the customer loose an arm due to an accident which resulted in him being unable to work, how much would he/she be covered for?
The customer will be entitled to claim a maximum of RM120,000 under the Total and Permanent Disability (TPD) benefit.
-
How much investment % will the customer be entitled for?
The investment value is based on the performance of the fund. As an average, customer can expect 40 – 50% returns of the premium contribution as their investment returns. Subject to T&Cs.
-
Will I get guaranteed returns under this policy?
No. This investment-linked insurance plan offers investment returns in which the returns are subjected to the performance of the fund.
-
Is this policy eligible for tax deduction?
Yes. GMBIS is eligible for tax deduction (under the life/medical insurance portion).
Become a MetaFin user to enjoy exclusive privileges!
Disclaimer: MetaFin users have the option to directly self-sign up for the Great Multi Protect Program in the MetaFin DIY Digital Platform. This program is underwritten by Great Eastern Life Assurance (Malaysia) Berhad , and the enrollment process is facilitated by authorized insurance agency, Quantum Secure Sdn. Bhd. The information herein may not fully reflect the context of the product disclosure sheet and full terms of the policy. Please refer to the documents for a detailed description of the product's features and the conditions under which any claims are made. MetaFin is not liable for misinterpretation of product benefits and claim conditions as described in the policy wording sheet and product disclosure sheet.