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Group Term Life Insurance Scheme (GTL)

Yearly Renewable Group Term Life Insurance Scheme

GTL is an annual renewable plan which provides 24-hours worldwide protection for a group of people under one master policy. It enhances morale and promotes loyalty of employees or members. The cost is lower compared to having to cover the group of people individually as it lessens administrative work. It also helps to attract and retain employees or members, and provides high protection coverage to key personnel in the organisation. Premiums paid by the Company may qualify for tax relief subject to the final decision of the Malaysian Inland Revenue Board.

Benefits and coverage at a glance
Death Collapsed Expanded

Death Benefit will be payable in one lump sum in the event of death due to Natural and/or Accidental causes.

Total & Permanent Disability (TPD) Collapsed Expanded

Benefit will be payable in one lump sum in the event of a disability due to Natural and/or Accidental causes.

Critical Illness (CI) Collapsed Expanded

Coverage for 36 types of Critical Illnesses.

Other Benefits Collapsed Expanded
  • Repatriation Benefits
  • Terminal Illness
  • Funeral Expenses
  • Accidental Death & Disablement
  • Permanent Partial Disability (PPD)
Coverage Type Collapsed Expanded
  • Class / Rank
  • Fixed / Flat Sum Assured
  • Monthly Basic Salary(ies) (36, 48, 72 & 84 times)
Information Required Collapsed Expanded
  • Nature of Business
  • NRIC No. / Passport No.
  • Name of Staff / Member
  • Sex
  • Date of Birth