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• First Time User • Overview
 
 
 


Premium Refund

Protection for you and your loved ones

Look no further if you are looking for a comprehensive insurance policy that offers you basic life coverage at an affordable premium and a full refund of total premium paid at maturity.

EON Bank Group Bancassurance offers you Premium Refund - a term insurance plan that refunds every sen of your total premium* paid at maturity if no claims are made during the term of the policy.

Benefits of Premium Refund:
 

Protection against Death/Total and Permanent Disability (TPD)
100% of the Sum Assured shall be payable in the event of Death or Total and Permanent Disability (TPD)** of the Life Assured.

Protection against Accidental Death/Total and Permanent Disability (TPD)
An additional 200% of the Sum Assured shall be payable i.e. in total 300% of the Sum Assured if the cause of Death***or TPD**** is accidental in nature.

Bereavement Benefit
An additional 10% of the Sum Assured, subject to a maximum of RM10,000 shall be payable in event of Death of the Life Assured.

Maturity Benefit
100% money back guaranteed* upon maturity of the policy provided no claims are made during the term period.
Keyman/Business Insurance
Premium Refund may be used for business continuity planning. In the event that a company loses its key employee(s) due to Death or TPD, the insurance proceeds will help cover the business' debts and liabilities.
More about Premium Refund
  • Minimum age at entry: 2 weeks old
  • Maximum age at entry: 70 years old less
    • policy term
    Other Benefits
    Surrender value is available from end of third year onwards;
    Tax Free insurance proceeds;
    Personal income tax relief of up to RM5,000.
    		 

    * Total premiums refunded shall include all the extra premiums (if any) paid by Life Assured or Assured (due to occupational / health loading).

    ** Maximum benefit payable for natural TPD is RM1.5 million per life and covers up to age 60.

    *** Maximum benefit payable for accidental death is RM2.0 million in addition to the 100% Sum Assured for death and covers up to age 65.

    **** Maximum benefit payable for accidental TPD is RM3.0 million per life and covers up to age 60.

     

    Premium Rates

    The annual premium payable is calculated by using Premium Rates X Sum Assured/1000.

    Age of Entry
    Term of Contract
    10- years 15-years 20-years 25-years 30-years
    2weeks-16
    19.08
    13.03
    9.08

    7.62
    6.85

    17

    19.09
    13.34
    9.17
    7.73
    6.98
    18
    19.10
    13.65
    9.25
    7.83
    7.11
    19
    19.11
    13.96
    9.34
    7.94
    7.24
    20
    19.13
    14.27
    9.42
    8.04
    7.37
    21
    19.14
    14.58
    9.47
    8.16
    7.55
    22
    19.15
    14.89
    9.52
    8.28
    7.73
    23
    19.16
    15.20
    9.58

    8.40
    7.90
    24
    19.17
    15.52
    9.63
    8.52
    8.08
    25
    19.18
    15.83
    9.68
    8.64
    8.26
    26
    19.19
    16.14
    9.91
    8.93
    8.59
    27
    19.20
    16.45
    10.14
    9.22
    8.92
    28
    19.22
    16.76
    10.36
    9.52
    9.25
    29
    19.23
    17.07
    10.59
    9.81
    9.58
    30
    19.24
    17.38
    10.82
    10.10
    9.91
    31
    19.25
    17.69
    11.35
    10.64
    10.45
    32
    20.14
    18.44
    11.88
    11.18
    10.98
    33
    20.59
    18.97
    12.40
    11.72
    11.52
    34
    21.04
    19.50
    12.93
    12.26
    12.05
    35
    21.49
    20.03
    13.46
    12.8
    12.59
    36
    22.56
    21.05
    14.29
    13.58
    13.32
    37
    23.64
    22.08
    15.13
    14.35
    14.04
    38
    24.71
    23.10
    15.96
    15.13
    14.77
    39
    25.79
    24.13
    16.80
    15.90
    15.49
    40
    26.86
    25.15
    17.63
    16.68
    16.22
    41
    28.69
    26.78
    18.78
    17.69
    -
    42
    30.52
    28.40
    19.93
    18.70
    -
    43
    32.36
    30.03
    21.08
    19.72
    -
    44
    34.19
    31.65
    22.23
    20.73
    -
    45
    36.02
    33.28
    23.88
    21.74
    -
    46
    38.54
    35.53
    24.79
    -
    -
    47
    41.05
    37.78
    26.20
    -
    -
    48
    43.57
    40.03
    27.60
    -
    -
    49
    46.08
    42.28
    29.01
    -
    -
    50
    48.60
    44.53
    30.42
    -
    -
    51
    51.55
    47.17
    -
    -
    -
    52
    54.49
    49.80
    -
    -
    -
    53
    57.44
    52.44
    -
    -
    -
    54
    60.38
    55.07
    -
    -
    -
    55
    63.33
    57.71
    -
    -
    -
    56
    66.35
    -
    -
    -
    -
    57
    69.36
    -
    -
    -
    -
    58
    72.38
    -
    -
    -
    -
    59
    75.39
    -
    -
    -
    -
    60
    78.41
    -
    -
    -
    -

    Note : For females, a 3-years age set back will be applied. The premium rates above are applicable to standard lifes only.


    For more information, call our EON Bank Customer Careline at 03-2616 1133 or visit the nearest EON Bank branch today.
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