MCIS Life MCIS Life

Realise Your Dreams with Growth Saver

I'm Interested
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).
Growth Saver

Realise Your Dreams with Growth Saver

I'm Interested
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).

The savings and protection plan that guarantees you annual cash payments

Key Features

Regular premium endowment plan with options to mature at the end of 15, 20 or 25 years
Additional 100% of your Basic Sum Assured payable if death occurs through accident during premium paying term, prior to age 65
Guaranteed Cash Payments up to 4.75% of Basic Sum Assured
Protection and annual Cash Dividends until policy matures
Guaranteed 120% of your Basic Sum Assured is payable upon maturity

What is Growth Saver?

Everyone yearns for a secure future with complete financial independence. This would mean pouring less blood, sweat, and tears just to have financial stability, giving people the freedom to pursue goals they truly desire.

We know that's your goal too. We also know that making a long-term financial commitment to achieve that dream can sometimes be challenging.

That's why we created Growth Saver, a unique participating endowment plan that combines savings and protection. With short premium payment terms, the duration of how long you have to pay for this plan can be as low as 6 years.

In addition to the short-term financial commitment, you will also receive guaranteed annual cash payments from the end of the first policy year. As a participating endowment plan, Growth Saver also gives you the opportunity to receive potentially higher returns, depending on the Company’s operating & investment results with respect to this type of plan.

Growth Saver is a great way to help achieve your financial goals through a short-term financial commitment. Whether you are saving for retirement, your child's education, or a down payment on a house, Growth Saver also protects your loved ones financially in the event of your death or disability.

What are my financial benefits?

As a participating endowment plan with savings benefits, you will also enjoy:

Non-Guaranteed Cash Dividends

A Non-Guaranteed Cash Dividend is a payment that you may regularly.

For Growth Saver, you may receive a yearly, Non-Guaranteed Cash Dividends starting from the end of your first policy year. The amount of the dividend is not guaranteed and will depend on the company's operating & investment results with respect to this plan.

The table below illustrates a projection of the Non-Guaranteed Cash Dividends payable. The Non-Guaranteed Cash Dividends will be declared at policy year end.

End Of Policy Year Non-Guaranteed Cash Dividends
(% of Basic Sum Assured)
NON-GUARANTEED
1 - 5 2.0%
6 - 10 2.5%
11 - 25 2.3%
Non-Guaranteed Maturity Dividend

A separate feature from your guaranteed maturity benefit. You may be paid a Non-Guaranteed amount, which will be payable upon the maturity of your policy. The amount of the dividend is not guaranteed and will depend on the company's operating & investment results with respect to this plan.

Guaranteed Cash Payments

Growth Saver provides policy owners with a guaranteed stream of income at regular intervals.

You will receive Guaranteed Cash Payments annually from the end of your first policy year until your plan matures.

End Of Policy Year Guaranteed Cash Dividends
(% of Basic Sum Assured)
GUARANTEED
1 - 5 3.75%
6 - 10 4.25%
11 - 25 4.75%

Benefits

Growth Saver provides the following coverage:

Total and Permanent Disability Benefit 1

In the event Total and Permanent Disability (TPD) occurs before the age of 65 years, the higher of Basic Sum Assured or accumulated Basic premium paid without any interest, will be payable in 2 instalments as below:

  • First instalment (20% of Basic Sum Assured or 20% of accumulated Basic Premium paid, whichever is higher) with any outstanding Guaranteed Cash Payments, accumulated Guaranteed Cash Payments (if any) and accumulated Non-Guaranteed Cash Dividends (if any), is payable 6 months from Date of Diagnosis; and
  • Second instalment (80% of Basic Sum Assured or 80% of accumulated Basic Premium paid, whichever is higher) and the Non-Guaranteed Terminal Dividends 2 (if any), is payable 18 months from Date of Diagnosis.

 

Death Benefit1&3

In the event of the demise of the life assured, the named nominee of your policy will receive the higher of Basic Sum Assured or accumulated Basic Premium paid without any interest, in one lump sum together with any outstanding Guaranteed Cash Payments, accumulated Guaranteed Cash Payments (if any), accumulated Non-Guaranteed Cash Dividends (if any) and Non-Guaranteed Terminal Dividends2 (if any).

Accidental Death Benefit1

Should death occur due to accident during the premium payment term and prior to age 65, the named nominee of your policy will receive an additional sum equivalent to the Basic Sum Assured. The maximum payment for this benefit is RM1 million per life.

Maturity Benefit1

Once your policy matures, you will receive 120% of your Basic Sum Assured, along with accumulated Guaranteed Cash Payments (if any), Accumulated Non-Guaranteed Cash Dividends (if any), Non-Guaranteed Maturity Dividend (if any) and Non-Guaranteed Terminal Dividends2 (if any).

Notes:
1 Terms and conditions apply. Please refer to policy contract for full details.
2 Terminal dividends payable upon TPD, death, surrender or maturity of policy are non-guaranteed and will depend on Company’s operating & investment results with respect to this plan.
3 Death benefit is subject to juvenile lien.

Learn More

Growth Saver is ideal for anyone who is looking for a savings and protection plan, with a short-term financial commitment.

If you are aged between 30 days and 60 years, you are eligible for this plan. Age is defined as age next birthday.

These are the choices available for you:

Policy Term 15 20 25
Premium Payment Term 6 or 10 6, 10 or 20 6, 10 or 20

Some rules:

  1. Your entry age plus policy term should not exceed 80 years old.
  2. Be certain with your choice of policy term and premium payment term, as they cannot be changed once your policy has commenced.
  3. Do note that the different combinations of premium payment terms and policy terms results in different benefit payout. Refer to the sales illustration for the benefit details.

The minimum Basic Sum Assured is RM10,000. The maximum Basic Sum Assured will be subject to medical and financial underwriting.

Your premium will depend on several factors: your sum assured, your age at entry and your gender. You do not need to worry about fluctuating premium rates because once you have signed up, we guarantee the same premium throughout the premium payment term of your policy. Surrender Value (if any) will be payable upon surrender. Please refer to the sales illustration for more details.

For your convenience, you can choose to pay your premium yearly, half-yearly, quarterly or monthly.

Payments can be made via:

  1. credit cards
  2. Angkasa deductions
  3. auto-debit via Maybank, CIMB Bank, BSN Commercial Bank, RHB Bank and OCBC

Monthly direct payment, however, are not available under this plan.

Certainly. You may choose any one of the following options:

  1. Option 1 – This default option pays the Guaranteed Cash Payments and Non-Guaranteed Cash Dividends to the Policy Owner. The Guaranteed Cash Payments will be paid together with Non-Guaranteed Cash Dividends upon declaration from Company.
  2. Option 2 – This second option allows you to keep your Guaranteed Cash Payments and Non-Guaranteed Cash Dividends with the Company to earn interest*** that may be determined by the Company from time to time, without giving notice. The Guaranteed Cash Payments and Non-Guaranteed Cash Dividends you have accumulated may be withdrawn at any time by giving written notice.

*** The interest rate is not guaranteed.

You may attach various riders to your Growth Saver plan. Our agents would be pleased to recommend suitable riders to cater to your needs.

  1. The Death Benefit shall not be payable if the Life Assured dies by duelling, self-inflicted injuries or suicide, whether sane or insane within thirteen (13) months from the Policy Issue Date or Date Of Reinstatement whichever is later;
  2. The TPD Benefit shall not be payable if any of the disability is caused directly or indirectly, wholly or partly by: attempted self-destruction or self-inflicted injuries while sane or insane; military or naval service in time of declared or undeclared war or while under orders for warlike operation or restoration of public order.
  3. The Accidental Death Benefit shall not cover accidental death caused directly or indirectly, wholly or partially, by: assault or murder; riot or civil commotion, strikes or terrorist activities; self-destruction or any attempt threat while sane or insane; military or naval service in time of declared or undeclared war or while under orders for warlike operations or restoration of public order.

* The above list is not exhaustive. You are advised to refer to the policy contract for full details on the exclusions.

Note

  • 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, Sales Illustration (if applicable), Product Disclosure Sheet and Policy Contract for complete details of the product.
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