MCIS Ikhtiari Plan is a comprehensive group scheme that provides coverage for Death due to all causes, Total and Permanent Disability due to Illness or Accident, 36 Critical Illness, Funeral Expenses, Maturity Benefit and optional Hospital Benefit rider attachable. This plan also has a Deposit Administration (DA) benefit where part your premiums are saved in a fund and accumulated at the company’s declared interest.
|Covers||Coverage value||How does it work?|
|Death due to all causes||RM100,000||You receive one lump sum based on sum assured and corresponding Deposit Administration Fund (DA) Benefit.|
|Total and Permanent Disability before the age of 65||You receive 10% of sum assured immediately followed by the 90% balance one calender year later.|
|36 critical illness||You receive one lump sum upon diagnoses of any one of the 36 critical illnesses and corresponding DA Benefit.
For angioplasty and other invasive treatment for coronary artery, payment is limited to 10% of the sum assured, subject to a maximum of RM25,000.
|Death due to Accident or||RM100,000||You receive 100% sum assured and corresponding DA Benefit.|
|Bodily Injury due to Accident|
|Hospitalization Income||RM100/night||You receive an admission allowance if you are admitted to any government or private hospitals. Maximum of 365 days per policy lifetime.|
|Funeral expenses||RM2,000||A lump sum amount will only be payable together with death benefit.|
|Deposit Administration Fund (DA)||-||A percentage (to be determined by Benefits purchased and the nature of the group) of all premiums received prior to the Termination Date and all interest and terminal interest (if any) declared up to the Termination Date.|
Premium remains the same which is RM100/month throughout coverage term.
Apply IKTHIARI from the comfort of your home with easy - to - use, guided application process.
Only for Fundsupermart.com account holders who are at least 18 years old and below 60 years old (next birthday). Only for Malaysians.
Till 65 years old.
RM100 per month for RM100,000 sum assured.
Yes. You can surrender the certificate anytime subject to a surrender charge on the Deposit Administration Benefit as shown below:
(as % of Deposit Administration Benefit)
|*Below 3 years||50%|
|3 to 5 years||20%|
|5 years and above||10%|
*From the commencement date of the certificate
There will be no surrender value if the premium is not paid at least 12 monthly premiums to MCIS Insurance within the Grace Period.
If your proposal is accepted, the Certificate will be issued within 14 business days upon completion of all documentation, including medical, if any, and the full payment of the first premium.
For a non-Muslim certificate owner if you nominate your spouse, child or where there is no spouse or child at the time of nomination, your parent, a trust is automatically created in favour of the nominee(s) under subparagraph 5(1), Schedule 10, Section 130 of the Financial Services Act 2013.
There are certain conditions whereby the benefits under the plan will not be payable. Click here to find out more. Note: The list is non-exhaustive. Please refer to the Policy Document with the Master Policy Holder for the full list of exclusions under this plan.
You are entitiled to a 15 days "free look" period from the date of receipt of this Policy. During this 15 days period, if you decide to cancel the policy, MCIS Insurance will refund all the premiums paid less any medical examination costs incurred by the Company.
You are required to log in to buy IKHTIARI.
For enquiries on IKHTIARI, please call our hotline or email us:03-21490567 (KL)/04-6401567 (PG) / firstname.lastname@example.org
In the event of a claim, FSM will follow the procedure stated below:
The product information generated on FSM Insurance are intended for your general information only and it is NOT a contract of insurance. You may get more details from the Product Brochure and sales/benefit illustration (if any). You are also advised to read the full details stated in the product disclosure sheet and policy contract thoroughly.