• Etiqa Life Insurance

    Etiqa Life Insurance Berhad (ELIB) offers 7 different plans. These plans come with varied benefits that will suit your needs whatever they may be. Read through for detailed information about all the products to choose an ideal plan for you and your family.

    Etiqa Life Insurance Plans

    Plan Name Main Coverage Coverage Period Add-on Coverage
    Ezy-Secure Death, and total and permanent disability From 21 years old up to 80 years old None
    Ezy-Life Secure Death, and total and permanent disability From 21 years old up to 80 years old None
    i-Secure Death, and total and permanent disability From 21 years old up to 75 years old None
    i-DoubleSecure Death, and total and permanent disability From 17 years old up to 64 years old None
    Etiqa Life Secure Death, and total and permanent disability Up to policy maturity prior to the 80th birthday Yes
    Enrich Life Plan Death, and total and permanent disability From 14 days old up to 100 years old Yes
    Etiqa Prisma Death, and total and permanent disability From 19 years old up to 88 years old Yes

    Ezy-Secure

    This plan provides cover in the event of death and total and permanent disability. There are no riders attached to this plan. The minimum sum insured under this plan is RM100,000. You can opt for a higher amount in multiples of RM10,000.

    The maximum sum insured is up to RM500,000, but would be determined by Etiqa based on each case. You can take up a policy for a minimum of 5 years, or up to a maximum of 80 years (age at next birthday), whichever is earlier.

    Ezy-Life Secure

    This plan provides cover in the event of death and total and permanent disability. There are no riders attached to this plan. The minimum sum insured under this plan is RM50,000. You can opt for a higher amount in multiples of RM10,000.

    The maximum sum insured would be determined by Etiqa based on each case. You can take up a policy for a minimum of 5 years, or up to a maximum of 80 years (age at next birthday), whichever is earlier.

    i-Secure

    This plan is a Shariah-based insurance policy that provides cover in the event of death, and total and permanent disability. There are no riders attached to this plan. The minimum sum insured under this plan is RM100,000.

    The maximum sum insured is up to RM500,000, subject to the decision of Etiqa based on each case. You can take up a policy for a minimum of 5 years, or up to a maximum of 75 years (age at next birthday), whichever is earlier.

    i-DoubleSecure

    This plan is a Shariah-based insurance policy that provides cover in the event of death, and total and permanent disability. There are no riders attached to this plan.

    You choose any one of the 3 levels of sum insured: RM50,000, RM100,000, and RM200,000. The policy tenure is also available for 10 years, 15 years, or 20 years.

    Etiqa Life Secure

    This plan is designed for business owners to maintain and continue the business in the event of death, or total and permanent disability. You can choose a rider that provides cover for critical illness.

    The minimum sum insured under this plan is RM100,000. You can choose a tenure from from a minimum of 5 years, or up to a maximum of 80 years (age at next birthday), whichever is earlier.

    Enrich Life Plan

    This plan provides cover in the event of death and total and permanent disability. You can choose optional riders, such as female illness cover, critical illness cover, and accident rider to enhance your insurance policy.

    There are 13 optional riders available for the life insured, and 2 optional riders available for the policyholder under this plan. This plan covers life insured from age of 14 days up to the policy anniversary prior to age of 100 years or policy termination date, whichever is earlier.

    Prisma

    This plan is a Shariah-based insurance policy that provides cover in the event of death, and total and permanent disability. You can choose between 6 optional riders for life insured, and 1 optional rider for policyholder under this plan.

    The minimum sum insured under this plan is RM100,000. The maximum sum insured is subject to the decision of Etiqa based on each case. The minimum tenure period is 10 years.

    Benefits of Etiqa Life Insurance

    • Get cover for death and total and permanent disability on all these life insurance plans.
    • Purchase more than one plan for you and your family.
    • Opt for additional riders to enhance your cover.
    • Pay your premium easily through your credit card.
    • Enjoy a tax relief on your total paid premium.
    • Choose a conventional insurance plan or a Shariah-based plan as per your preference.
    • Enjoy the flexibility of annual, semi-annual, quarterly, and monthly payment modes.

    How to Claim

    • Inform Etiqa immediately once an accident or mishap occurs.
    • Download a claim form available on the Etiqa website.
    • Complete the form and submit it to make a claim.
    • Ensure that you have complete details that are mentioned below:
      • Policy information
      • Full details about the incident
      • Documents that support the damage or loss occurred to you
      • Any other information related to the incident.

    Eligibility Criteria

    Ezy-Secure:

    Minimum Age: 21 years and above

    Maximum Age: 45 years (age at next birthday)

    Nationality: Malaysians

    Ezy-Life Secure

    Minimum Age: 17 years and above

    Maximum Age: 60 years (age at next birthday)

    Nationality: Malaysians

    i-Secure

    Minimum Age: 21 years and above

    Maximum Age: 45 years (age at next birthday)

    Nationality:Malaysians

    i-DoubleSecure

    Minimum Age: 18 years and above

    Maximum Age: 55 years (age at next birthday)

    Nationality: Malaysians

    Etiqa Life Secure

    Minimum Age: 21 years and above

    Maximum Age: Less than 60 years old

    Nationality: Malaysians

    Enrich Life Plan

    Minimum Age: 14 days and above

    Maximum Age: Less than 55 years old

    Nationality: Malaysians

    Prisma

    Minimum Age: 19 years and above

    Maximum Age: 60 years (age at next birthday)

    Nationality: Malaysians

    Required Documents for Claims

    Death

    • Policy contract
    • Death claim form
    • Post Mortem report (if available)
    • Doctor's statement (if required)
    • Certified copy of the death certificate
    • Certified copy of deceased's identity card (if age proof has not been received before)
    • Certified copy of proof of relationship (Marriage certificate or birth certificate)
    • Certified copy of police report if death (if death is due to an accident)
    • Certified copy of claimant's identity card
    • Certified copy of burial certificate (if necessary)
    • Consent letter for medical report extraction
    • Certified ‘Sijil Faraid' or letter of administration (if applicable)
    • Other supporting documents (if required)

    Total and Permanent Disability

    • Policy contract (optional)
    • Total and Permanent Disability Claim form
    • Certified copy of assured's identity card (if age proof has not been received before)
    • Letter of job termination from employer (if employed)
    • Consent letter for medical report extraction
    • Medical report
    • Certified copy of medical chits or the attendance report (if required)
    • Medical report from SOCSO (if applicable)
    • Other supporting documents (if required)

    Critical Illness

    • Policy contract (when necessary)
    • Certified copy of assured's identity card (if age proof has not been received before)
    • Critical Illness claim form
    • Medical report
    • Consent letter for medical report extraction
    • Other supporting document (if required)

    Etiqa Life Insurance Calculator

    • Go to the life insurance calculator available on the Etiqa website.
    • Key in relevant information, such as your age, income, preferred sum insured, preferred insurance plan, and any optional riders.
    • Use the quote to plan and buy your insurance plan.

    Etiqa’s life insurance products are suitable for everyone at all stages of their lives. They provide adequate protection, especially during critical times. Compare quotes and buy a plan that will meets your insurance needs better.

    FAQs

    Q. Can foreigners buy a life insurance plan from Etiqa?

    A. No. These life insurance plans are available only for Malaysians.

    Q. Can I purchase more than one policy?

    A. Yes, You can purchase more than one policy. You need to ensure that the total sum insured of all your policies with Etiqa does not exceed the maximum limit allowed by Etiqa.

    Q. Can I change my sum insured mid-term?

    A. No. You are not allowed to make any changes on your sum insured mid-term. You can choose the sum insured before you purchase a policy. If you need more coverage, you need to purchase optional riders to enhance your cover.

    Q. How can I buy a life insurance policy?

    A. You can buy a policy through the Etiqa website. Use the “Contact Me” tab on the website for assistance to buy a policy.

    Q. Can I cancel my policy mid-term?

    A. Yes. You can cancel your policy mid-term if required. You need to send a written notice of cancellation to Etiqa to start the cancellation process.

    Latest News About Etiqa Life Insurance

    • Etiqa: Interest Rate Hike Favourable For Company’s Growth

      Malayan Banking Berhad announces that it is expecting more investors for its insurance and takaful wing, Etiqa Group Insurance & Takaful as a result of the rise in the interest rates. Etiqa has been operational in Malaysia, Singapore, Philippines and Indonesia.

      Datuk Abdul Farid Alias, CEO and Group President, Maybank said that insurance and takaful are usually long-term investments which get more profitable with the increase in the interest rate. Abdul Farid added that they have no plans about making Etiqa a public-listed company.

      Etiqa takes a major role in Maybank2020’s objective and hence, Etiqa has its focus on its overall growth with new products and widening the availability of these products across ASEAN. Etiqa is working on the launch of investment-linked products that benefit the equity market and, in turn, strengthens the Malaysian ringgit.

      Abdul Farid appreciated the growth of Etiqa saying that the company recorded a top-line of RM6.19 billion and profit before tax of RM1.01 billion in 2017. Also, bancassurance products grew over 23.8% year-on-year. Etiqa also established as a premier online insurer by acquiring 70% of market share.

      Bank Negara Malaysia has set the targets for life insurance and takaful products that they have to reach 75% and 25% of the Malaysian population respectively by 2020.

      BBazaar Malaysia

      17 April 2018

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