Loan Guardian Basic
What is this plan?
- A simple term life insurance designed to cover your outstanding loan balance in the event of death or total permanent disability.
- Specifically made for home, car, or personal loan coverage.
- Lump-sum payout ensures your family isn’t burdened by unpaid debts.
- Affordable premiums starting from RM30/month.
- Coverage amount tied to your loan balance.
- Fast claim processing within 14 working days.
Benefits at a Glance
- Coverage up to RM500,000.
- Covers Death and Total Permanent Disability (TPD).
- Renewable on a yearly basis.
- Eligible for tax relief up to RM3,000/year.
- Option to add Accidental Death rider (+20% payout).
What's Covered?
- Death (all causes except exclusions like suicide within first policy year)
- Total Permanent Disability (TPD)
- Accidental Death (if rider added)
Who is this plan suitable for?
- Young adults with new home or vehicle loans.
- Individuals with long-term personal loans.
- Parents co-signing student loans for children.
Eligible Age
18 to 60 years old