GFP Training
Plan Description:
1. This is a limited pay non-participating Universal Life plan with 30 years coverage term.
2. This plan provides coverage upon death and TPD as well as Guaranteed Cash Payment and maturity benefit.
Coverage Term:
30 Years
Payment Term:
20 Years
Entry Age:
Minimum = 30 days attained age
Maximum = 60 age next birthday
Sum Assured:
Minimum:
30 days – 59 age = RM 2,400
60 age next birthday = RM 6,000
Maximum:
Subject to underwriting
Guaranteed Cash Payment (GCP):
1st – 10th : 20% of Basic Annualised Premium
11th – 20th : 40% of Basic Annualised Premium
21th – Maturity : 60% of Basic Annualised Premium
Total : 1200%
Exp 1:
20 Years Premium Payment Term (PPT)
SUM ASSURED (Premium): RM 10,000
RM 10,000 x 20% = RM 2,000 (For first 10 every year)
RM 10,000 x 40% = RM 4,000 (For 11th to 20th every year)
RM 10,000 x 60% = RM 6,000 (For 21th to Maturity)
Death Benefit:
(105% TPP – GCP) + Account 2 Value
Remark:
TPP: Total Premium Paid
GCP: Guaranteed Cash Payment
Accidental Death Benefit:
(105% TPP – GCP) + Account 2 Value
Accidental Death Benefit: (Public Conveyance)
(105% TPP – GCP) + Account 2 Value
TPD Benefit:
(105% TPP – GCP) + Account 2 Value
Maturity Benefit:
Please refer Quotation Amount