Stay focused knowing your loans are protected

I'm Interested Download Brochure
The benefit(s) payable under eligible product are protected by PIDM up to limits. Please refer to PIDM’s TIPS Brochure or contact MCIS Life or PIDM (visit www.pidm.gov.my).
Group Credit Shield

Stay focused knowing your loans are protected

I'm Interested Download Brochure
The benefit(s) payable under eligible product are protected by PIDM up to limits. Please refer to PIDM’s TIPS Brochure or contact MCIS Life or PIDM (visit www.pidm.gov.my).

Live life knowing that when life takes an unexpected turn, your loved ones will not be burdened by repaying debts taken up by you

Life can take an unexpected turn at anytime.

Imagine an unexpected scenario of someone passing on or suffering from a sudden disability. What happens to the individual's debts such as personal and car loans? The last thing we want is to burden our next of kin with unsettled debts.

Group Credit Shield Key Features
Settlement of outstanding loan amount in the event of death or Total and Permanent Disability (TPD).
Variety coverage for hire purchase loan and personal loan up to Basic Sum Assured of RM300,000.
Easy enrolment with no medical underwriting required.
Stay protected with term of coverage up to 15 years.
Group Credit Shield Benefits
Death Benefit

Upon the death of the Assured Member, the Reducing Sum Assured will be payable to the Policy Owner to settle the outstanding loan amount. In the event of excess amount after complete settlement of said outstanding loan amount, the excess amount will be paid to your nominee.

Total and Permanent Disability (TPD) Benefit*

Upon the TPD of the Assured Member, the Reducing Sum Assured will be payable to the Policy Owner after 6 months from the date of diagnosis to settle the outstanding loan amount. In the event of excess amount after complete settlement of said outstanding loan amount, the excess amount will be paid to you.

*Subject to the maximum cease age of 70 next birthday.

Eligibility and Requirement
Entry Age

Age 18 - 65 next birthday

Term of Coverage

Up to 15 years depending on your loan term, subject to maximum cease age of 70 next birthday

Basic Sum Assured

Minimum: RM1,000
Maximum: RM300,000
Depending on your loan amount.

 
Premium

Group Credit Shield is a single premium plan to which the premium amount will depend on the Assured Member's entry age, the Basic Sum Assured, and the term of coverage. The premium rates are not guaranteed and the Company reserves the right to vary the premium rates by giving 90 days' prior notice.

Enhance Your Coverage with Optional Riders

Group Personal Accident rider is a non-participating yearly renewable rider that provides compensation in the event that the Life Assured suffers Total and Permanent Disability or Partial Permanent Disability or dies due to accidental causes or becomes disabled or dismembered due to violent, accidental, external and visible events.

Group Accelerated Dread Disease (GADD) / Group Standalone Dread Disease (GSDD) rider is a non-participating group yearly renewable rider which offers protection upon diagnosis of any of the thirty-six (36) covered Dread Diseases.

Group Hospitalisation and Surgical rider is a non-participating group yearly renewable rider that covers the Life Assured's medical expenses for hospitalisation and surgery due to illness or accident.

Additional Benefit:

Group Outpatient Clinical (GOPC) Rider

Group Outpatient Clinical rider is an optional rider to Group Hospitalisation and Surgical rider that offers an access to outpatient medical attention at registered panel clinics by means of a cashless medical card and/or through reimbursement.

Note

  • The above list is not exhaustive. Please refer to the Policy Contract for full details.
  • The product information provided on this website is for general information only and shall not be construed as a policy of insurance. You are advised to refer to the Product Brochure (if applicable), Sales Illustration (if applicable), Product Disclosure Sheet and Policy Contract for complete details of the product.
  • Connect with us

MCIS Insurance Berhad 199701019821 (435318-U)

Wisma MCIS, Jalan Barat,
46200 Petaling Jaya,
Selangor Darul Ehsan
T +603-7652 3388
F +603-7957 1562
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