GMCC Training
Plan Description
1. This is a non-participating whole life plan that matures at 85 years old next birthday.
2. This plan provides:
– Cancer Benefit (Early, Intermediate, Advanced Stage),
– Death Benefit
– Maturity Benefit.
3. It also provides additional benefit such as:
– Recovery Benefit,
– Benign Tumour Suspicious of Malignancy and with Surgical Excision Benefit
– Bereavement Benefit.
Entry Age
GMCC: 30 days – 60 years old next birthday
GMCCS: 18 – 60 years old next birthday
Sum Assured
Min: RM 50,000
Max GMCC: RM 500,000 (Per Life)
Max GMCCS: RM 250,000 (Combine)
Premium
Non guaranteed
Until age 85
Waiting Period
60 Days
Remark
– The benefit for each stage is payable once only.
– Once a claim has been made, no future claims can be made from the lower stage
– The standard child lien shall apply for child before age 5 years next birthday
GMCC Benefits
Benign Tumour Suspicious of Malignancy & with Surgical Excision Benefit
良性肿瘤 疑似恶性肿瘤并有完成手术切除
Claim 10% of BSA and no deduct BSA
MAX: RM25,000 per life.
Exp1:
BSA RM 100,000 X 10% = RM10,000
Exp 2:
BSA RM 500,000 X 10% = RM 50,000
BUT maximum only can claim RM 25,000
Early Stage:
Can claim 50% of the BSA
Upon a claim on Early Stage Cancer, the premium will remain the same
Intermediate Stage:
From Early Stage (Claimed) to Intermediate Stage (Existing)
OR
From Early Stage (Claimed) to Another New Intermediate Stage Cancer
Less than 6 months = 50% of BSA
More than 6 months = 100% of BSA
Direct diagnose Intermediate Stage
No timeline and can claim 100%
Upon a claim on Intermediate Stage Cancer, the premium will remain the same
Advanced Stage
From Intermediate Stage (Claimed) to Advanced Stage
No timeline and can claim 100% + 50% of BSA (Recovery Benefit)
From Early Stage (Claimed) to Advanced Stage (Existing)
Less than 3 months = 50% of BSA + 50% of BSA (Recovery Benefit)
More than 3 months = 100% of BSA + 50% of BSA (Recovery Benefit)
Exp 1:
Early Stage Lung Cancer to Advanced Stage Lung Cancer
Exp 2:
Early Stage LEFT Breast Cancer to Advanced Stage LEFT Breast Cancer
From Existing Early Stage (Claimed) to another NEW Advanced Stage
No timeline and can claim 100% of BSA + 50% of BSA (Recovery Benefit)
Exp 1:
Early State Lung Cancer to Advanced Stage Thyroid Cancer
Exp 2:
Early Stage LEFT Breast Cancer to Advanced Stage RIGHT Breast Cancer
Direct diagnose Advanced Stage
No timeline and can claim 100% of BSA + 50% of BSA (Recovery Benefit)
IF total premiums paid MORE than BSA
Company will pay total premiums paid without interest (including health loading, if any)
Upon a claim on Advanced Stage Cancer, no need pay premium anymore
Final Claim
From the dated of diagnose Advanced Stage and Survival
More than 1 year: 50% of BSA (Another Recovery Benefit)
Less than 1 year: Nil, no death benefit
Maturity Benefit
Less than Equal Entry aged 40:
150% of Total Premiums Paid + Health Loading (If any)
More than Entry age 40:
100% of Total Premiums Paid + Health Loading (If any)
Death Benefit
Total Premiums Paid + Health Loading (If any)
OR
Cash Value, whichever Is Higher
Bereavement Benefit
Policy Year % of BSA
01 – 10 = 1%
11 – 20 = 2%
21 – 30 = 3%
31 – 40 = 4%
41 – 50 = 5%
51 – 60 = 6%
61 – 70 = 7%
71 – 80 = 8%
81 – 84 = 9%