Elite Life - Affordable Term Life Insurance

  • Live in the moment when you know your future is protected

  • ‘I love you’ means I will make sure you’re always OK

  • You would do anything to protect him now, wouldn’t you? Now protect his future

  • Safeguard your loved ones’ future with Elite Life underwritten by AIA Bhd and enjoy the high coverage amount with an affordable premium – from as low as RM175 per year. So, keep your budget in check and keep your family protected with this yearly renewable term life insurance policy that pays 100% of the coverage amount for Death and Total Permanent Disability. What’s more, there are no underwriting requirements for coverage of up to RM300,000.

    Elite Life is a group term life insurance distributed by Citibank Berhad, the master policyholder of this product.

    BENEFITS

    Term Life Insurance Benefits

    Protection

    Elite Life offers 5 different plans, so simply select one that gives you the coverage that you need:

    Benefit

    Plan 1
    (RM)

    Plan 2
    (RM)

    Plan 3
    (RM)

    Plan 4
    (RM)

    Plan 5
    (RM)

    Death Benefit 50,000 100,000 300,000 500,000 1,000,000
    Accidental Death Benefit (AD)* 50,000 100,000 300,000 500,000 1,000,000
    Total and Permanent Disability Benefit 50,000 100,000 300,000 500,000 1,000,000

    *AD Benefit is paid in addition to Death Benefit if death is due to accidental reasons.

    Note: For the full details of the above benefits, please refer to the certificate of insurance. This is a yearly renewable policy where you need to renew your policy annually to enjoy continuous coverage.

    Affordable premium

    The annual premium rate of each plan is determined by age, as shown below:

    Attained Age
    (Last Birthday)

    Plan 1
    (RM)

    Plan 2
    (RM)

    Plan 3
    (RM)

    Plan 4
    (RM)

    Plan 5
    (RM)

    18 - 49 175 350 1,050 1,750 3,500
    50 - 59 225 450 1,350 2,250 4,500
    60 - 64
    (renewal only)
    225 450 1,350 2,250 4,500

    Note:

    (a) The policy is yearly renewable and will be automatically renewed provided the premium is paid by the Insured.

    (b) The premium rates specified above are not guaranteed and will vary based on the attained age of the Insured at a particular Policy Anniversary Date. We reserve the right to revise the premium rate by giving you at least thirty (30) days written notice.

    REQUIREMENTS

    Term Life Insurance Requirements

    Entry Age

    18 - 59 years old (Last Birthday)

    Maximum Renewable Age

    64 years old

    Underwriting Requirement

    Sum Assured

    Underwriting

    Plan 1 - RM50,000Plan 2 - RM100,000Plan 3 - RM300,000 Guaranteed Issuance Offer (GIO)
    Plan 4 - RM500,000Plan 5 - RM1,000,000 4 Simplified Issuance Offer (SIO) underwriting questions

    Eligibility

    Malaysian citizens, a Citibank customer at the point of policy inception and at its renewal

    Only limited to one policy per customer

    FIND OUT MORE

    To know more about Elite Life, please leave your name and contact details for us to contact you.

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    Exclusions

    There are some major exclusions on Elite Life similar to other insurance products such as, death due to suicide in the first 12 months, death resulting from pre-existing conditions in the first 6 months of coverage, and from diseases such as AIDS/HIV. You should be fully aware of these exclusions and the full exclusions can be found in the Product Disclosure Sheet (PDS).

    Suicide

    If the Insured, whether sane or insane, commits suicide within one (1) year from the Effective Date stated in the Insured’s Certificate of Insurance or the reinstatement date, whichever is later, the Insurer liability shall be limited to the refund of premiums paid without interest. In the case of reinstatement, such refund of premium shall be calculated from the reinstatement date. Thereafter, this Certificate of Insurance shall then terminate.

    Death

    1. Willful exposure to danger or self-destruction or self-inflicted injuries while sane or insane,
    2. Acquired Immuno-Deficiency Syndrome (AIDS) or any Human Immunodeficiency Virus (HIV),
    3. Pre-existing conditions for which the Insured received medical treatment, diagnosis, consultation or prescribed drugs during the ninety (90) days preceding the Effective Date as stated in the Insured’s Certificate of Insurance, and such death occurs in the first six (6) months after the Effective Date as stated in the Insured’s Certificate of Insurance. This exclusion is shall not be applicable for renewal and reinstatement.

    Accidental Death

    1. Assault or murder,
    2. Riot and civil commotion, industrial action or terrorist activity,
    3. Willful exposure to danger or attempted self-destruction or self-inflicted injuries while sane or insane,
    4. War, declared or undeclared, or revolution,
    5. Service in armed forces in time of declared or undeclared war or while under orders for warlike operations or restoration of public order,
    6. Making an arrest as an officer of the law,
    7. Violation or attempted violation of the law or resistance to arrest,
    8. Participation in any fight or affray,
    9. Racing on horse or wheels,
    10. Accident occurring while or because the Insured is under the influence of alcohol, any non-prescribed drugs or illegal drug,
    11. Hernia, ptomaines or bacterial infection (except pyogenic infection which shall occur with and through an accidental cut or wound),
    12. The intentional or negligent inhalation or consumption of poison, gases or noxious fumes,
    13. Entering, exiting, operating, or servicing, or being transported by any aerial device or conveyance except when the Insured is a fare-paying passenger or crew member on a commercial passenger airline on a regular scheduled passenger trip over its established passenger route.

    Total and Permanent Disability

    1. Willful exposure to danger or attempted self-destruction or self-inflicted injuries while sane or insane;
    2. Acquired Immuno-Deficiency Syndrome (AIDS) or any Human Immunodeficiency Virus (HIV);
    3. Pre-existing conditions for which the Insured received medical treatment, diagnosis, consultation or prescribed drugs during the ninety (90) days preceding the Effective Date as stated in the Insured’s Certificate of Insurance and such disability begins in the first six (6) months after the Effective Date as stated in the Insured’s Certificate of Insurance. This exclusion is shall not be applicable for renewal and reinstatement;
    4. Riot and civil commotion, industrial action or terrorist activity;
    5. War, declared or undeclared, or revolution;
    6. Violation or attempted violation of the law or resistance to arrest;
    7. Entering, exiting, operating, or servicing, or being transported by any aerial device or conveyance except when the Insured is a fare-paying passenger or crew member on a commercial passenger airline on a regular scheduled passenger trip over its established passenger route;
    8. Pregnancy related, childbirth, congenital anomalies and existing disability.

    Note: The above list is non-exhaustive. Please refer to the Certificate of Insurance for the full list of exclusions under this Insurance policy

    Disclaimers:

    Important notes

    1. This insurance plan is underwritten by AIA Bhd. (Co.No 790895-D) and its address is Menara AIA, 99 Jalan Ampang 50450 Kuala Lumpur licensed under the Financial Services Act 2013 and regulated by Bank Negara Malaysia. It is not a bank deposit or obligation of or guaranteed by Citibank Berhad, Citibank NA, CitiGroup Inc., or any of their affiliates or subsidiaries.
    2. This write-up is for general information and is not to be construed as a contract of insurance. The precise terms, conditions and definitions of the insurance plan are specified in the policy contract issued by AIA Bhd.
    3. Buying an insurance policy is optional. You should satisfy yourself that this insurance product will best serve your needs and objectives, and that the premium payable under the policy contract is an amount you can afford.
    4. There may be eligibility criteria to purchase this insurance product. An underwriting decision (if any) will be made by AIA Bhd. regarding the customer's eligibility to purchase this insurance product.
    5. All claims under this Insurance Policy will be solely decided upon by the insurance company.
    6. Tax benefits (if applicable) are governed by local regulations and subject to changes in the tax laws. Citibank and its employees are not in the business of providing tax advice.
    7. 5% commission on the annual premium is paid to Citibank on your insurance participation and renewal.
    8. This document does not constitute the making of any offer or invitation to subscribe for insurance products nor does it amount to solicitation by Citibank Berhad, Citibank N.A., CitiGroup Inc., or any of their affiliates or subsidiaries for applications of insurance products by anyone in any jurisdiction in which the making of such offer or invitation to subscribe or the solicitation thereof is not authorized or to any person to whom it is unlawful to make such an offer, invitation or solicitation.
    9. This write-up also does not constitute the distribution of any information by anyone in any jurisdiction in which such distribution is not authorized or to any person to whom it is unlawful to distribute such a document.