PRODUCT SPECIFICATION

ILINK WAIVER RIDER

PRODUCT CLASSIFICATION

Product Code: ILWR

Product Name: I-Link Waiver Rider

Annexure: R39

This rider is designed to waive the Basic and Term Rider premium in the event the life assured is
diagnosed with any one of the 33 critical illnesses. It is classified as a permanent rider under the
ordinary individual life business.

RIDER DESCRIPTION

Unit Deducting Rider (UDR)

Non-participating in the companys profit or without bonus rider

BENEFITS

1. Critical Illnesses

In the event the life assured being diagnosed with any one of the 33 critical illnesses, the Basic
and Term Rider premium due on or after the date of first diagnosis on this policy will be waived.
All Riders other Premium Paying Riders attached to this Policy (if any) shall be terminated
inclusive of this Premium waiver Rider.

2. Rider Expiry

Rider terminates with no benefit payable at the time of expiry

PREMIUM

1. Premium Paying Term is same as Rider term.

2. Regular premium following basic policy e.g. Yearly, Half-yearly, Quarterly, Monthly (monthly
direct not allowed)

3. Method of payment following basic policy e.g. Angkasa deduction, Private Deduction, Credit
Card, Auto-debit Bank (MBB, BSN, BCBB, RHB, PBB), Standing instruction (SI) or Direct.

4. Premiums are payable as long as the basic policy is In-force or the rider sum assured been
exhausted or until the expiry of the rider term whichever is earlier.

5. The published rate are yearly premium, for other modes multiply the yearly premium with the
frequency factors shown below: -

Mode Factor
Half-Yearly 0.54
Quarterly 0.27
Monthly 0.09

ILWR Page 1 14-01-2007

LIFE OPERATIONS DIVISION
 PRODUCT SPECIFICATION

ILINK WAIVER RIDER

SUM ASSURED (COMPUTATION)

Total Premium to be waived (Basic Premium + Term Rider) / 100 x Waiver Rider Rates + Policy Fee

Sum assured will not be stated on the scheduled. On the schedule in the place of sum assured
Waiver of Premium will be printed.

AGE AT ENTRY

Minimum: 1 years old next birthday, subject to minimum 30 days old

Maximum: 65 years old next birthday.

RIDER TERM

Minimum: 5 years
Maximum: 69 years

However, the age at entry plus the term of the rider should not exceed 70 years.

UNDERWRITING

1. Medical Limit

Not Applicable

2. Employment

Life Assured must be gainfully employed

3. Occupational Class

Not Applicable

4. Addition and Deletion of Riders

Rider can be attached to I-Link product

Rider can only be attached at the time of new business
Cannot be added to an existing policy

5. Backdating

Maximum 30 days from date of entry provided life assured has not attained age 65 but not later
st
than 1 September 2005.

DISCOUNT

1. Large Sum Assured Discount

Not Applicable

2. Female Discounts

Separate premium rate for male and female

3. Policy Fee

RM 25.00 per annum (for other frequency multiply with frequency factors)

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 PRODUCT SPECIFICATION

ILINK WAIVER RIDER

NON-GUARANTEED

The premium rate are not guaranteed, and the company may revise the rate by giving 3 months
notice to the Policy Owners last known address and the Policy Owner may choose: -

Option (1): Pay the revised premium and maintain the rider sum assured.
Option (2): Terminate this rider and the associated Premium Waiver Benefit rider.

If no respond within three (3) months notice period, option (1) will be automatically apply.

NOTICE OF CLAIM AND PROCEDURE

The Payer Benefit Rider claim would be considered when: -

A written notice must be given to the Company as soon as possible but later than 6 months
from the date of initial diagnosis of the disease.
All certificates, payment receipts, bills, invoices, information and evidence required by the
Company are furnished at the cost of the Policy Owner
All payment receipts, bills, invoices that are submitted to the Company for the purposes of a
claim shall not be returned

EXCLUSION

The premium waiver shall not be applicable in the event of the following: -

Disease diagnosed within 60 days from policy Issued date or rider reinstatement date
Any critical illness that is pre-existing and/or has been diagnosis
Payer is diagnosed of having suffered from Myocardial Infarction or Coronary Bypass Surgery
prior to Issued date or reinstatement date
Self-inflicted injuries or suicide while sane or insane, under the influence of alcohol, drugs or
narcotic
War, invasion, civil war, rebellion, participation in riot, strike or civil commotion
Engaging in aerial flights including parachuting and skydiving other than as a fare paying
passenger or crew member on a regular public air service
gliding, motor racing, horse racing or submarine operations

TERMINATION

This Rider will terminate and the rider premium will cease to be payable: -

A written request for termination of the Rider is received

At age 70 years
The basic policy lapses, cancelled, surrendered or is converted into a paid-up assurance
Expiry date of this Rider
On the death or permanent and total disability of the Person Insured
In the event of total claim for 100% or more of the rider sum assured
If the Person Insured qualifies for Income Benefit

Premiums received after termination of the Rider shall not be considered to be a continuation of this
Rider but any premium(s) paid shall be refunded and the Company shall be under no liability
whatsoever in respect of this Rider.

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LIFE OPERATIONS DIVISION