GROUP INSURANCE AFFINITY Voluntary Scheme (Group Multiple Benefits - - PowerPoint PPT Presentation

GROUP INSURANCE AFFINITY Voluntary Scheme

(Group Multiple Benefits Insurance Scheme)

No additional cost to employer Employee own & pay the policy Potential service fee at 2% for payroll deduction payment method

Benefits for Group Master Policyholder

Provide competitive company benefits

eg: employee retention

Personal & Portable Affordable rate Tax relief, up to RM3,000** Same premium for all ages Guaranteed acceptance*

Benefits for Employee / Member

Comprehensive coverage (6-in-1) Maturity benefits

* T&C applied ** Subject to Inland Revenue Board’s guideline

Lowest premium for GMBIS = RM30/month Lowest premium for life = RM100/month

* Based on 35 year old, Male, Non smoker

Benefits Individual Policy GMBIS Term Life RM1,200* per year or RM100 per month RM360 per year or RM30 per month 36 Critical illness Personal Accident Funeral Expenses Total Investment Value (TIV)

Minimum premium between GMBIS & Individual Life

Introducing GMBIS Coverage for member:

Monthly contribution: RM 40 + RM 4 a month, the coverage are: Death / Total Permanent Disablement (natural / disease) RM40,000+TIV Death / Total Permanent Disablement (accident) RM80,000 + TIV 36 Critical Illness RM40,000 + TIV Hospital Income Benefit

(optional with additional RM4 premium a month)

RM40 per day

(up to maximum 500 days per life)

Funeral Expenses RM5,000 Maturity Benefit Total Investment Value (TIV)

< = 60 days 61 days - 180 days 181 days to 720 days > 721 days Critical illness (Non pre-existing) 0% 50% 100% 100% Critical illness (Pre-existing) Reject claim Reject claim Reject claim Reject claim Death (Non pre-existing) 100% 100% 100% 100% Death (Pre-existing) 50% 50% 50% 100% TPD (Non pre-existing) 50% 50% 100% 100% TPD (Pre-existing) Reject claim Reject claim Reject claim Reject claim Accidental Death (pre-existing / Non pre-existing) 200% 200% 200% 200%

Term & Conditions (for Special Promotion)

• Malaysian only.

(expatriate – subject to management approval)

• Employee / Member

19 to 55 years Next Birthday

for new scheme: allow entry age up to 60 years Next Birthday

• Plan benefits matures at age 65 years Next Birthday

Eligibility & Participation

MINI SCHEME MEGA SHEME

GMBIS

• Minimum of 100 lives from one single
• Company. (Company size: 100 to 499)
• Eligible for Special Promotion*
• Free cover limit (FCL) up to

RM40,000*

• Minimum sum assured = RM30,000
• Maximum sum assured = RM150,000

* Limited time offer only.

• Minimum of 500 lives from one single
• Company. (inclusive subsidiaries)
• Eligible for Special Promotion*
• Free cover limit (FCL) up to

RM60,000*

• Minimum sum assured = RM30,000
• Maximum sum assured = RM250,000

* Only applicable for those who have yet to enjoy the approved promotion limit.

Scheme Options & Special Promotion

36 Types of Critical Illness:

• 1. Heart Attack
• 21. End Stage Liver Failure
• 2. Stroke
• 22. HIV Infection from Blood Transfusion
• 3. Coronary Artery By-Pass Surgery
• 23. Encephalitis
• 4. Cancer
• 24. Chronic Aplastic Anaemia
• 5. End Stage Kidney Failure
• 25. Accidental Head Injury Resulting
• 6. Fulminant Viral Hepatitis

In Major Head Trauma

• 7. Major Organ/Bone Marrow Transplant
• 26. Parkinson’s Disease
• 8. Paralysis/Paraplegia
• 27. Severe Cardiomyopathy
• 9. Multiple Sclerosis
• 28. Benign Brain Tumour
• 10. Primary Pulmonary Arterial
• 29. Systemic Lupus Erythematosus
• 11. Blindness/Total Loss of Sight

with Lupus Nephritis

• 12. Heart Valve Surgery
• 30. Coma
• 13. Major Burns
• 31. Brain Surgery
• 14. Aorta Surgery
• 32. Bacterial Meningitis
• 15. Loss of Speech
• 33. Other Serious Coronary Artery
• 16. Alzheimer’s Disease
• 34. Full Blown Aids
• 17. Muscular Dystrophy
• 35. Angioplasty & Other Invasive treatments
• 18. Deafness/Total Loss of Hearing

for Major Coronary Artery Disease

• 19. Loss of Independent Existence
• 36. End Stage Lung Disease
• 20. Motor Neurone Disease

Section A Loss Benefit (1) Death 100% Section B (1) Loss of both hands 100% (2) Loss of both feet 100% (3) Complete and irrecoverable loss of sight in both eyes 100% (4) Loss of one hand and one foot 100% (5) Injuries resulting in permanently being bedridden 100% (6) Any other injuries resulting in permanent total disablement 100% (7) Complete and incurable paralysis 100% Section C (1) Loss of arm at shoulder 100% (2) Loss of arm between shoulder and elbow 100% (3) Loss of arm at elbow 100% (4) Loss of arm between elbow and wrist 100% (5) Loss of hand at wrist 100% (6) Loss of leg at hip 100% (7) Loss of leg between knee and hip 100% (8) Loss of leg below knee 100% (9) Loss of eye – whole 100% (10) Loss of eye – sight of 100% (11) Complete and irrecoverable loss of sight in one eye except for perception of light 50% (12) Loss of lens of eye 50% (13) Loss of hearing - both ears 75%

• one ear

15% (14) Total loss of speech 50% (15) Loss of four fingers and thumb of one hand 50% (16) Loss of four fingers 40% (17) Loss of thumb - both phalanges 25%

• one phalanx

10% (18) Loss of index finger - three phalanges 10%

• two phalanges

8%

• one phalanx

4%

Personal Accident:

(A) Death / TPD & CI (covered event)

• 1. No benefit shall be payable in the event of suicide within one (1) year from the Risk Commencement Date or from the

date of any reinstatement of a Certificate of Assurance, whichever is the later.

• 2. Advance payment as provided in Clause 5.1.1.2 (in policy contract) shall not be made for Total and Permanent Disability
• f the Assured Life which:
• has existed prior to or on the Risk Commencement Date or on the date of any reinstatement of his Certificate of

Assurance, whichever is the later; or

• is resulted from the Assured Life committing, attempting or provoking an assault or a felony or from any violation of the

law by the Assured Life; or

• is caused directly or indirectly by self-inflicted injuries (except in an attempt to save human life), while sane or insane;
• r
• is caused by bodily injury sustained as a result of parachuting or sky-diving, or engaging in aerial flights other than as

a crew member or as a fare-paying passenger of a licensed commercial airline operating on a regular scheduled route;

• r
• is resulted from war, whether declared or undeclared.
• 3. The Company shall not, be liable for any Covered Event diagnosed to the Assured Life which:
• has existed prior to or on the Risk Commencement Date or on the date of any reinstatement of his Certificate of

Assurance, whichever is the later; or

• is caused directly or indirectly by self-inflicted injuries (except in an attempt to save human life), while sane or insane;
• r
• is resulted from the Assured Life committing, attempting or provoking an assault or a felony or from any violation of the

law by the Assured Life; or

• resulted from war, whether declared or undeclared.

Standard Exclusion

(B) Personal Accident

1.The Company shall not be liable for any Injury resulting in Loss suffered, as a result of, including of any of the following whether directly or indirectly:

• suicide, attempted suicide or self-inflicted injuries, while sane or insane;
• bodily infirmity, or mental or functional disorder, or illness or disease of any kind, or any infections, other than infections
• ccurring simultaneously with and in consequence of an accidental cut or wound;
• war or any act of war, declared or undeclared, criminal activities, active duty in any armed forces, direct participation in

strike, riots and civil commotion or insurrection;

• from the action of any armed forces, or from Accident or violence arising by reason of the existence of a state of armed

conflict;

• engaging in aerial flights other than as a crew member or as a fare-paying passenger of a licensed commercial airline
• perating on a regular scheduled route;
• as a result of the Assured Life committing, attempting or provoking an assault or a felony, or from any violation or

attempted violation of law by the Assured Life or resistance to arrest;

• while under the influence of alcohol or drugs unless taken as prescribed by a physician;
• Injury arising from racing of any kind (except for foot racing), hazardous sports or activities that involve speed, height, high

level of physical exertion, highly specialized gear or spectacular stunts such as but not limited to bungee jumping, parachuting, scuba diving, sky-diving, water skiing, underwater activities requiring breathing apparatus, winter sports, Professional Sports and illegal activities. For the avoidance of doubt, “Professional Sports” means engaging in any physical activity in a professional capacity or where the Assured Life would or could earn income or remuneration from engaging in such activity;

• from childbirth, pregnancy and/or any complications thereof;
• ionising radiation or contamination by radioactivity from any nuclear fuel or nuclear waste from process of nuclear fission or

from any nuclear weapons material; or

• from the Assured Life engaging in commando or bomb disposal duties/training

EXISTING MASTERPOLICYHOLDER

 CUEPACS  National Union of Teaching Profession (NUTP)  National Union Of Bank Employees (NUBE)  National Union Of Plantation Workers (NUPW)  Electrical Industry Workers Union (EIWU)  B. Braun Medical Supplies  Jabil Circuit  OCBC Bank  Felda  Telekom  Keysight & Agilent Technologies  Panasonic  Keretapi Tanah Melayu Berhad  Kesatuan Pekerja-Pekerja Rapid Rail Sdn Bhd & Rapid Bus Sdn Bhd And many more….

THANK YOU