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    IL Junior CI Plus Rider (U149) : (IL Unit Deduction Rider - Investment Linked Insurance Plan)

    Uploaded by

    Lishalini Gunasagaran
    1. This document provides details on the IL Junior CI Plus Rider, a unit deduction rider that can be attached to the SmartProtect Junior plan to provide child illness coverage. 2. The rider pays 100% of the sum assured as a lump sum if the child is diagnosed with any of 17 listed critical illnesses, subject to a 30 or 60-day waiting period depending on the illness. 3. Insurance charges are deducted monthly from the unit fund by canceling units, and the rates vary based on the child's age, gender, and smoking status.

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    IL Junior CI Plus Rider (U149) : (IL Unit Deduction Rider - Investment Linked Insurance Plan)

    Uploaded by

    Lishalini Gunasagaran
    360 views4 pages
    1. This document provides details on the IL Junior CI Plus Rider, a unit deduction rider that can be attached to the SmartProtect Junior plan to provide child illness coverage. 2. The rider pays 100% of the sum assured as a lump sum if the child is diagnosed with any of 17 listed critical illnesses, subject to a 30 or 60-day waiting period depending on the illness. 3. Insurance charges are deducted monthly from the unit fund by canceling units, and the rates vary based on the child's age, gender, and smoking status.

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    1. This document provides details on the IL Junior CI Plus Rider, a unit deduction rider that can be attached to the SmartProtect Junior plan to provide child illness coverage. 2. The rider pays 100% of the sum assured as a lump sum if the child is diagnosed with any of 17 listed critical illnesses, subject to a 30 or 60-day waiting period depending on the illness. 3. Insurance charges are deducted monthly from the unit fund by canceling units, and the rates vary based on the child's age, gender, and smoking status.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    360 views4 pages

    IL Junior CI Plus Rider (U149) : (IL Unit Deduction Rider - Investment Linked Insurance Plan)

    Uploaded by

    Lishalini Gunasagaran
    1. This document provides details on the IL Junior CI Plus Rider, a unit deduction rider that can be attached to the SmartProtect Junior plan to provide child illness coverage. 2. The rider pays 100% of the sum assured as a lump sum if the child is diagnosed with any of 17 listed critical illnesses, subject to a 30 or 60-day waiting period depending on the illness. 3. Insurance charges are deducted monthly from the unit fund by canceling units, and the rates vary based on the child's age, gender, and smoking status.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    Agency Product Write-Up (For Internal Reference Only)

    IL Junior CI Plus Rider (U149)


    (IL Unit Deduction Rider – Investment Linked Insurance Plan)

    Plan Name : IL Junior CI Plus Rider


    Plan code : U149
    Product Abbreviation : IL JCPR
    Launch Date : 22 July 2019

    PLAN DESCRIPTION
    1. This is a unit deduction rider that is only attachable to the following plan:
    a. SmartProtect Junior (Plan Code: 0495)
    2. Insurance charges will be deducted from the unit fund(s) monthly.
    3. The rider's sum assured will NOT accelerate the basic plan's Basic Sum Assured (BSA).
    4. This rider can be attached at any time effective at next monthly due.

    BENEFITS

    1. Child Illness Benefit (CIB)


    If the Life Assured is diagnosed as suffering from any one of the *Child Illnesses listed
    below, the Company will pay 100% of the rider’s Sum Assured in one lump sum. The rider
    will then terminate.
    (a) 30 / 60 days waiting period shall apply, depending on the types of critical illness.
    (b) 14 days survival period shall apply to all child illnesses.
    (c) This benefit is subject to RM4,000,000 critical illness limit on any one life under all
    policies (excluding Bancassurance and Group policies) issued by the Company.
    (d) The claims payout on this rider will NOT accelerate the coverage of the basic plan that
    this rider is attached to.

    Child Illnesses Table:


    Child Illnesses Waiting Period
    1) Chronic Aplastic Anaemia 30 days
    2) Major Organ/ Bone Marrow Transplant 30 days
    3) Brain Surgery 30 days
    4) Cancer 60 days
    5) Severe Haemophilia 60 days
    6) Insulin-dependent Diabetes Mellitus 60 days
    7) Kawasaki Disease with Heart Complications 60 days
    8) Rheumatic Fever with Valvular Impairment 60 days
    9) Severe Asthma 60 days
    10) Severe Epilepsy 60 days
    11) Severe Juvenile Rheumatoid Arthritis 60 days
    12) Bacterial Meningitis 30 days
    13) Encephalitis 30 days
    14) Persistent Intellectual Impairment due to Illnesses or Accident 60 days
    15) Glomerulonephritis with Nephrotic Syndrome 60 days
    16) Generalized Tetanus 60 days
    17) Adolescent Morbid Obesity 60 days

    *Refer to Appendix 1 for the definition of Child Illnesses.

    UNDERWRITING GUIDELINES

    Age at Entry
    Category Minimum Maximum
    Pre-natal policy - Life 13 weeks of gestational 35 weeks of gestational
    Assured (Unborn Child) period period

    Agency Manual/ IL JCPR/ 22072019 Page 1 of 4


    Agency Product Write-Up (For Internal Reference Only)
    IL Junior CI Plus Rider (U149)
    (IL Unit Deduction Rider – Investment Linked Insurance Plan)
    Post-natal policy - Life
    30 days attained age 15 years next birthday
    Assured

    Risk Charge Term


    Risk charge term means the period where the insurance charges are being levied.
    Category Start Date End Date
    The next monthly due date
    Pre-natal policy following Expected Due
    End of benefit term
    Date (EDD)
    Post-natal policy Policy commencement date

    Benefit/ Coverage Term


    Category Commencement Expiry
    Pre-natal policy Birth of child
    Up to age 18 years next birthday
    Policy commencement
    Post-natal policy
    date

    Minimum/Maximum Sum Assured


    Minimum : RM 10,000
    Maximum : Subject to underwriting and RM500,000 per life

    Note:
    This benefit is subject to RM4,000,000 critical illness limit on any one life under all policies
    (excluding Bancassurance and Group policies) issued by the Company.

    Non-Medical Limits
    100% of the sum assured of this rider will be aggregated to the basic plan that it is attached to.

    CHANGES IN SUM ASSURED

    Increase / Decrease in Sum Assured


    The rider sum assured can be increased / decreased at any time.

    DISCOUNT

    Large Sum Discount / Female Discount / Non-Smoker Discount


    Not applicable

    INSURANCE CHARGE

    1. Insurance Charge will vary according to attained age next birthday at last policy anniversary,
    gender and smoking status of the Life Assured.

    2. Insurance Charge is deducted monthly by cancellation of units at the beginning of each policy
    month based on the Sum Assured and calculated using the formula below or until occurrence
    of a valid claim event, whichever is earlier.

    Monthly Insurance Charge = Insurance Charge Rate Per Annum* x Sum Assured
    1000 x 12

    *Refer to Appendix 2 for the indicative insurance charges rates table.

    Agency Manual/ IL JCPR/ 22072019 Page 2 of 4


    Agency Product Write-Up (For Internal Reference Only)
    IL Junior CI Plus Rider (U149)
    (IL Unit Deduction Rider – Investment Linked Insurance Plan)
    OTHER PRODUCT FEATURES

    Backdating / Automatic Premium Loan / Policy Loans / Bonus Rate / Agency


    Compensation / Surrender Values / Paid-up Values / Extended Term Assurance
    Not applicable.

    OTHER PRIVILEGES

    Assignment / Nomination / Third Party Policy / Reinstatement


    Follow basic plan.

    Free Look Period


    Policyholder is allowed to cancel this rider within 15 days. Under such circumstance, the
    Company will reinstate the units which have been deducted for the payment of Insurance Charge
    after net of medical expenses incurred by the Company (if any) in the issuance of this rider.

    Riders Allowed
    Not applicable.

    EXCLUSIONS

    The Company will not pay the benefits for Child Illness above if the conditions associated with the
    Child Illness:
    4.1 has existed prior to or on the Risk Effective Date or on the date of any reinstatement,
    whichever is later; or
    4.2 is caused directly or indirectly by self-inflicted injuries, while sane or insane; or
    4.3 is resulted from the Life Assured committing, attempting or provoking an assault or a
    felony or from any violation of the law by the Life Assured; or
    4.4 is caused directly or indirectly by the existence of Acquired Immune Deficiency
    Syndrome (AIDS) or by the presence of any Human Immuno-deficiency Virus (HIV)
    infection.
    4.5 is diagnosed due to, directly or indirectly, a congenital defect or disease, which was
    manifested or was diagnosed before the Life Assured attains the age of one (1) year
    or less; or
    4.6 is resulted directly from alcohol or drug abuse; or
    4.7 is resulted from war, whether declared of undeclared.

    Note: The exclusion list may not be exhaustive .For full list of the exclusions, please refer to the
    policy contract.

    APPENDICES

    Appendix 1: Definition of Child Illnesses

    Child Illnesses
    Definition.pdf

    Agency Manual/ IL JCPR/ 22072019 Page 3 of 4


    Agency Product Write-Up (For Internal Reference Only)
    IL Junior CI Plus Rider (U149)
    (IL Unit Deduction Rider – Investment Linked Insurance Plan)
    Appendix 2: Insurance Charges per RM 1,000 Sum Assured

    Age
    Next Male Female
    Birthday
    0 2.65 1.85
    1 2.65 1.85
    2 2.41 1.66
    3 2.07 1.62
    4 1.92 1.55
    5 1.89 1.52
    6 1.75 1.46
    7 1.74 1.44
    8 1.73 1.42
    9 1.72 1.40
    10 1.71 1.38
    11 1.70 1.36
    12 1.69 1.34
    13 1.68 1.33
    14 1.67 1.32
    15 1.66 1.31
    16 1.65 1.30
    17 1.64 1.29

    Agency Manual/ IL JCPR/ 22072019 Page 4 of 4

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