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GMBIS 3491   GMBIS 3182
Great Eastern Life Assurance (Malaysia) Berhad (93745-A) which is the largest life insurance company in Malaysia together with CONGRESS OF UNIONS OF EMPLOYEES IN THE PUBLIC AND CIVIL SERVICES (CUEPACS) has launched a Group Multiple Benefits Insurance scheme with investment based on the Dana Restu as per the illustration below. This scheme open to all employees in the public and civil services, their legal spouse and children. This scheme provides protection against Death, Total Permanent Disable, Hospital Admission Allowance and coverage against 36 critical Illnesses.
Coverages Provided for Contribution of RM44 per Month
Benefits
Sum Assured
36 Critical Illnesses (upon diagnosis)
RM40,000
Death due to Natural & Illness
RM40,000
Death due to Accident
RM80,000
Total Permanent Disability (Due to Illness)
RM40,000
Total Permanent Disability (Due to Accident)
RM80,000
Funeral Expenses
RM2,000
Hospital Allowance
RM40 /night
Total Investment Value (TIV)
(Based on the prevailing bid price)
Increment of sum assured is allowable but depend on underwriting decision.
Contribution RM
44
88
132
176
220
264
Sum Assured RM
40,000
80,000
120,000
160,000
200,000
240,000
Hospital Allowance RM
40
80
120
160
200
240
 
ADVANTAGES OF THIS SCHEME
• Same level of premium for all ages
• Automatic premium remittance via salary deduction ensures continuous protection.
• Premium is significantly lower compared to an individual policy.
• Participation can be continued up to age 65.
• Cash withdrawal for emergency.
• 24 hours and worldwide coverage.
• Contributed premium is allowable for income tax exempted.

One of the special features of this scheme is that you may sell some of the units in your fund after contributing for at least 12 months. The minimum value of units withdrawn should be at least RM 200 and maximum depend on accumulated units. Service charge of RM 10 will be imposed on every withdrawal.
This policy will be paid even though the participants have their own insurance policy.
36 CRITICAL ILLNESSES
1. Heart Attack 19. Terminal Illness
2. Strok 20. Motor Neuron disease
3. Coronary Artery Disease (Requiring Surgery) 21. Chronic Liver Disease
4. Cancer 22. AIDS due to blood transfusion
5. Kidney Failure 23. Encephalitis
6. Fulminant Viral Hepatitis 24. Aplastic Anemia
7. Major Organ Transplant 25. Parkinson’s Disease
8. Paralysis / Paraplegia 26. Major Head Trauma
9. Multiple Sclerosis 27. Poliomyelitis
10. Primary Pulmonary ArterialHypertension 28. Benign brain Tumor
11. Blindness 29. Chronic Lung Disease
12. Heart Valve Replacement 30. Coma
13. Major Burn 31. Brain Surgery
14. Surgery to Aorta 32. Meningitis Bacterial
15. Loss of Speech 33. Other Serious Coronary Artery disease
16. Alzheimer Disease 34. Apallic Syndrome
17. Muscular Dystrophy 35. AIDS cover for medical staff
18. Loss of hearing 36. Full Blown AIDS
Complete definition of critical illnesses as mentioned in the Master Policy need to be fulfilled before any 36 critical illnesses claim can become payable
 
SCHEDULES OF COMPENSATION FOR PARTIAL PERMANENT DISABILITY (DUE TO ACCIDENT)
Section A
% of sum assured
1.) Death
100%
Section B
100%
1.) Loss of Both Hands
100%
2.) Loss of Both Feet
100%
3.) Complete and irrecoverable loss of sight in both eyes
100%
4.) Loss of one hand and one foot
100%
5.) Certified complete and incurable insanity
100%
6.) Injuries resulting in permanently being bedridden
100%
7.) Any other injuries resulting in permanent total disablement
100%
8.) Complete and incurable paralysis
100%
For injuries not listed above, compensation will be paid in proportion to the loss sustained as stipulated in the master policy. However the total amount payable will not exceed 100% of the total sum assured
 
DANA RESTU
 
The insurance premium in Dana Restu will be pooled together with that of other investors who wish to invest in the same fund.
• In addition, Dana Restu will only invest the pooled insurance premiums in approved securities or other forms of investments in accordance with the Syariah Principles. Great Eastern has appointed Syariah advisors to ensure that the fund invested in selected financial instruments are in accordance with the list of approved securities classified by the Syariah Advisory Council (SAC)
• Your premium investment will be used to purchase units in the Dana Restu. Dana Restu is managed by Great Eastern’s Investment team. Its aim is to achieve capital growth over medium to long term.
• Please note that this is not a Takaful product. However, the premiums in the Dana Restu will be managed in accordance with Syariah Principles and since you will get the full benefits when the investment is profitable, you are also liable to the risks of the investment.
 
ELIGIBILITY & PARTICIPATION
   
Members and legal spouses aged between 19 to 55 age next birthday.
• Children aged between 15 days old to 19 or 23 years for fulltime students. This is applicable for unmarried and unemployed children only.
• Coverage for dependants can be extended only if the member participates in the scheme.
   
CONDITIONS FOR CHILD PARTICIPATION
 
A child can only participate in this scheme if the legal spouse (s) of the member is participating.
• The child participation has to be in order from youngest to the oldest.
• Failure in fulfilling the above requirements will result in the policy being cancelled from inception and all premiums received in respect of the life assured will be refunded accordingly.
 
CHILD CLAIMS
If the death or diagnosis of critical illness was made before the Assured Child attained age 5 years, the benefits for Death, Total & Permanent Disablement and Critical Illness shall be reduced in accordance with the following table:
Age Next Birthday
Amount Payable on Death or Diagnosis Of a Major Event
1
20% of Basic Sum Assured
2
40% of Basic Sum Assured
3
60% of Basic Sum Assured
4
80% of Basic Sum Assured
5
100% of Basic Sum Assured
Only 50% of the above sum assured is payable If the death or TPD occurs in the first 2 years of assurance due to pre-existing illness which was disclosed in the application form.
• However no benefit will be payable if Death / TPD is due to a pre-existing illness which was not disclosed.
 
EXCLUSIONS
 
DEATH/ TOTAL PERMANENT DISABILITY/ PARTIAL PERMANENT DISABILITY
Resulted from self-inflicted injuries while sane or insane.
• Sustained as a result of any form of flying except as a passenger on a regular scheduled flight.
• Existed before the effective date.
Resulted from war, whether declared or not declared.
Resulted from provoked assault, drugs, scuba-diving, hunting or any form of racing (other than on foot).
   
CRITICAL ILLNESS
Pre Existed before the commencement of cover.
• Diagnosed in the first sixty (60) days from the date of first salary deduction.
• Critical illness, which is related to pre existing illnesses or related to pre existing complication of bodily function.
   
FURTHER BENEFITS OF THIS SCHEME
Special Promotion
Only 50% of sum assured is payable If the death or TPD occurs in the first 2 years of assurance due to pre-existing illness which was disclosed in the application form.
• Full Sum Assured will be paid if Death / TPD occurs after 2 years of assurance. However no benefit will be payable if Death / TPD is due to a pre-existing illness which was not disclosed.

Death and Total Permanent Disability (Due to accidental causes)
The Sum Assured payable for Death / TPD due to accident would be double the sum assured for Death / TPD due to illness.
• The amount of claim payable for Permanent partial disabilities will be in accordance to the Schedule of Compensation stated in the Master Policy.

Critical Illnesses

The benefit will become payable once the doctor has confirmed that the member is contracted with one of the 36 critical illness.
• This benefit is not payable for any critical illness, which existed before the effective date and for illness, which is first diagnosed in the first 60 days from the policy effective date
• The protection for a member who has claimed this benefits will cease once it has been paid.

Hospitalization Allowance

If a member is hospitalized in any registered government or private hospital due to any illness/accident /injury after 6 weeks from the date of first salary deduction, you are eligible for hospitalization allowance up to a maximum of 500 days per life.
• However this benefit is not payable for hospitalization due to pre- existing illness.

Retirement Fund
Upon attaining age 65 a member is eligible to redeem all his units available under the Dana Restu and the redemption value will be based on the prevailing bid price, provided that the member has not made any claim, which resulted in the cessation of the policy.

Surrender Value

If the member chooses to surrender his policy before attaining age 65, subject to a minimum of 12 months of continuous participation, he is eligible to redeem all his units available under the Dana Restu and the redemption value will be based on the prevailing bid price.

Funeral Expenses

This benefit is payable in addition to the death benefit.
FORM TO DOWNLOAD
1. Group Multiple Benefit Insurance Scheme - Proposal Form Baca PDF
2. Group Multiple Benefit Insurance Scheme - Special Promotion Proposal Form Baca PDF
3. BIRO PERKHIDMATAN ANGKASA (BPA) SURAT PENGAKUAN Baca PDF
4. Claim Form for Group Hospital Benefit Baca PDF
5. Borang Kematian Baca PDF
6. Laporan Perubatan Baca PDF
7. Borang Tuntutan Insurans Nyawa Baca PDF
8. Borang Tuntutan TPD Baca PDF
9. Borang Penyakit Kritikal -Sakit Jantung Baca PDF
    -Stroke Baca PDF
    -Coronory Artery By-pass Surgery Baca PDF
    -Cancer Baca PDF
    -Kidney Failure Baca PDF
    -Heart Valve Surgery Baca PDF