HLA Level Term is a non-participating term plan. The insurance policy provides you with a cover that takes care of accident, medical, and critical illness with a contingency fund.
Features and Benefits
The features and benefits of HLA Level Term are:
- The policy covers death and total and permanent disability.
- You can get the benefit of TPD until you reach the age of 65 years.
HLA Level Term Life Insurance Claims
You must download the Claim Notification Form from the official website of HLA, fill the form, and submit it to the nearest HLA branch.
How to Cancel HLA Level Term Life Insurance Policy?
You can cancel the policy by submitting a written notice to the insurance company. If you submit the cancellation request within 15 days from the date of policy delivery, you will get a refund on the premium you have paid. If the request is submitted after this period, you may not get a refund of the entire premium you have paid so far.
You can contact HLA’s customer service hotline on the number 03-76501288 to get a solution for your queries. You can also visit the Customer Service Department located in Petaling Jaya, Selangor to get more information on the policy.
Q. Does the TPD benefits vary based on the age at which TPD is detected?
A. Yes. The TPD benefits vary based on the age when TPD is found. You can refer the below table for details.
|Age||Maximum TPD Benefit|
|< 7 years||RM100,000|
|Between 7 years and 15 years||RM500,000|
|Between 15 years and 65 years||RM3.5 million|
Q. Does the policy cover the disability caused as a result of riots or civil commotion?
A. No. The policy does not cover the disability caused by any kind of riots or civil commotion.
Q. What is the maximum sum assured by the policy?
A. The sum assured is subject to underwriting. Therefore, there is no specified limit mentioned by HLA on the maximum sum assured.
Q. Does the policy cover the disability caused by mental illness?
A. No. The policy does not consider mental illness as a valid disability.
Q. Does the policy provide free-look period?
A. Yes. The policy provides a free-look period of 15 days where you can cancel the policy if you think it does not suit your needs.
Visit your nearest branch to apply for this policy. Ensure that you have read the terms and conditions carefully before applying.