ManuProtect Product Disclosure

PRODUCT DISCLOSURE SHEET
(Read this Product Disclosure Sheet before you decide to take up the MANUPROTECT. Be sure to also read the general terms and conditions.) MANULIFE INSURANCE BERHAD (814942-M)
MANUPROTECT
 
  1. WHAT IS THIS PRODUCT ABOUT?

    MANUPROTECT is a non-participating yearly renewable term plan that provides coverage on Death and Total and Permanent Disability. For Accidental Death prior to age 65 next birthday, this plan will pay an additional 100% of the Face Amount. ManuProtect is renewable up to age 80 next birthday.

    ACCELERATED CRITICAL ILLNESS RIDER is an optional rider that advances 30% of basic plan’s Face Amount upon diagnosis of one of the specified critical illnesses, prior to age 65 next birthday. The Face Amount of the basic plan will be reduced by the amount claimed.

    This is a pure protection product and it does not provide any savings or investment elements.

  2. WHAT ARE THE COVERS / BENEFITS PROVIDED?
    TYPE OF COVERAGE AMOUNT/FACE AMOUNT (RM)
    Death
    Natural
    Accidental

    Basic Face Amount
    200% x Basic Face Amount
    Total & Permanent Disability (TPD) Basic Face Amount
    Critical Illness (CI)* 30% of Basic Face Amount

    Note: Please refer to the policy contract for details of covers/benefits.

  3. HOW MUCH PREMIUM DO I HAVE TO PAY?

    The total premium that you have to pay varies depending on the face amount chosen, your attained age, gender and smoking status. The premium is calculated based on the following formula:

     

    Premium = Premium Rate per RM1,000 Face Amount / 1000 x Face Amount

    Example:  
    Entry Age next birthday : 30 years old
    Gender : Male
    Smoker : Non-smoker
      ManuProtect Accelerated Critical Illness Rider*
    Face Amount (RM) 100,000 30,000
    Premium Rate per RM1,000 Face Amount (RM) 2.121 0.95
    Premium that you have to pay for first policy year (RM) 2.121 / 1000 x 100,000 = RM 212.10 0.95 / 1000 x 30,000 = RM 28.50

    Total premiums, excluding any applicable taxes, that you have to pay for first policy year is : RM 240.60

    Premium payable for subsequent years will be automatically adjusted based on your attained age next birthday at policy anniversary.

    Premium rates may be reviewed by Manulife upon policy renewal. The Insured will be notified of the amended premium rate at least ninety (90) days prior to the renewal date.

    Premium Duration:  
    ManuProtect : until age 80 next birthday
    Accelerated Critical Illness Rider : until age 65 next birthday

    * Applicable if Accelerated Critical Illness Rider is attached
    Note: The premium and/or policy charges, whichever applicable, may be subject to taxes introduced by the Government of Malaysia from time to time. Manulife reserves the right to collect from you an amount equivalent to the prevailing rate of taxes payable for the premium and/or policy charges, as applicable. Your obligation to pay such taxes shall form part of the Terms and Conditions in your insurance policy.

  4. WHAT ARE THE FEES AND CHARGES THAT I HAVE TO PAY?

    Stamp duty of RM10 is included in the premium.

  5. WHAT ARE SOME OF THE KEY TERMS AND CONDITIONS THAT I SHOULD BE AWARE OF?
    1. Importance of disclosure - you are required to disclose all the facts which you know or ought to know, fully and faithfully, otherwise the policy issued hereunder may be invalidated
    2. Free-look Period - you may cancel your policy by giving written notice to Manulife within 15 days from the receipt of the policy contract. The premiums that you have paid will be refunded to you.
    3. Grace Period - if you do not pay your premiums within the thirty (30) days grace period, your policy will lapse and cease to be in force.
    4. You are advised to name a nominee(s) for your insurance application to ensure smooth settlement of claims. You should also ensure that the nominee(s) is aware of the policy that you have purchased.
     

    Note: This list is non exhaustive. Please refer to the policy contract for the terms and conditions of the policy.

  6. WHAT ARE THE MAJOR EXCLUSIONS UNDER THIS POLICY?
    1. Death benefit is not payable under the policy if it is due to Insured, whether sane or insane, committing suicide within 13 months after the issue date or any reinstatement date, whichever is later.
    2. The Total and Permanent Disability Benefit does not cover any disability caused directly or indirectly, wholly or partly, by any one of the following occurrences:
      1. Any attempt at suicide, whether sane or insane, or any intentionally self-inflicted injuries; or
      2. Military air force or naval service in time of declared or undeclared war or while under orders for warlike operations or restoration of public order; or
      3. Commission of a criminal act; or
      4. Aviation activities other than as a fare paying passenger or crew on a commercial passenger airlines; or
      5. Under the influence of intoxicating liquor or as result of drug or substance abuse; or
      6. Participation in any hazardous pursuit such as, but not limited to, mountaineering, scuba diving, hang gliding, speed or endurance contest, etc.
    3. Accidental Death Benefit (s) does not cover any injury or loss caused directly or indirectly, wholly or partly, by:
      1. any attempt at suicide, whether sane or insane, or any intentionally self-inflicted injuries; or
      2. war, declared or undeclared, revolution or any warlike operations; or
      3. military, air force or naval service in time of declared or undeclared war or while under orders for warlike operations or restoration of public order; or
      4. commission of a criminal act; or
      5. participation in any brawl; or
      6. participation in hazardous pursuits, such as, but not limited to, mountaineering, scuba diving, racing on horse or wheels; or
      7. taking of poison or inhaling of gas or fumes, whether voluntarily or otherwise; or
      8. chronic illness pre-existing to an Accident; or
      9. accident occurring while or because the Insured is affected by alcohol or any substance abuse; or
      10. aviation activities other than as a fare paying passenger or crew on a regularly scheduled flight of an international commercial airline.
    4. No benefit is payable under Accelerated Critical Illness Rider (if attached):
      1. if the Covered Event is due to a Pre-existing Illness at the Issue Date or Reinstatement Date of the Rider, Pre-existing Illness shall mean disabilities that the Insured has reasonable knowledge of. An Insured may be considered to have reasonable knowledge of a Pre-existing Illness where the condition is one for which:
        1. the Insured had received or is receiving treatment;
        2. medical advice, diagnosis, care or treatment has been recommended;
        3. clear and distinct symptoms are or were evident; or
        4. its existence would have been apparent to a reasonable person in the circumstances; or
      2. if the Covered Event is caused, directly or indirectly, by alcohol or substance abuse, congenital abnormalities including physical defects present from birth, attempted suicide or intentional selfinflicted injury; or
      3. if the Covered Event is due to participation in any hazardous pursuits, such as, but not limited to, mountaineering, scuba diving, hang gliding, racing on horse or wheels, etc; or
      4. Upon diagnosis or occurrence of this event occurred at the first 30 days after the Issue/Reinstatement date, whichever is later. This is applicable for Stroke and Kidney Failure except for Heart Attack, Cancer and Coronary Artery By-Pass Surgery, where a waiting period of 60 days from the Issue/Reinstatement date, whichever is later, is required.
       

      Note: This list is non exhaustive. Please refer to the policy contract for the terms and conditions of this policy

  7. CAN I CANCEL MY POLICY?

    You may cancel your policy by giving written notice to Manulife. However, buying a life policy is a long term financial commitment. If you do not pay your premiums within the thirty (30) days grace period, your policy may lapse.

  8. WHAT DO I NEED TO DO IF THERE ARE CHANGES TO MY CONTACT DETAILS?

    It is important that you inform Manulife of any change in your contact details to ensure that all correspondences reach you in a timely manner.

  9. WHERE CAN I GET FURTHER INFORMATION?

    Should you require additional information about life insurance, please refer to the insuranceinfo booklet on 'Life Insurance', available at all our branches or you can visit www.insuranceinfo.com.my

    If you have any enquiries, please contact us at:
    Manulife Insurance Berhad (814942-M)
    Menara Manulife, 6, Jalan Gelenggang
    Damansara Heights
    50490 Kuala Lumpur
    Tel : (03) 2719-9112
    Fax : (03) 2092-2960
    Email : MYLife_CustomerService@manulife.com

  10. OTHER SIMILAR TYPE OF COVER/PLAN AVAILABLE

    Please contact Manulife for more information on other similar type of plans we offer.

IMPORTANT NOTE:
BUYING LIFE INSURANCE POLICY IS A LONG TERM FINANCIAL COMMITMENT. YOU MUST CHOOSE THE TYPE OF POLICY THAT BEST SUIT YOUR PERSONAL CIRCUMSTANCES. YOU SHOULD READ AND UNDERSTAND THE INSURANCE POLICY AND CONTACT MANULIFE INSURANCE BERHAD DIRECTLY FOR MORE INFORMATION.

Appendix – Schedule of Annual Premium Rate per RM1,000 Face Amount - ManuProtect

Attained Age Next Birthday Non Smoker Smoker
Male Female Male Female

17

2.121

1.180

2.715

1.398

18

2.121

1.180

2.715

1.398

19

2.121

1.180

2.715

1.398

20

2.121

1.180

2.715

1.398

21

2.121

1.180

2.715

1.398

22

2.121

1.180

2.715

1.398

23

2.121

1.180

2.715

1.398

24

2.121

1.180

2.715

1.398

25

2.121

1.180

2.715

1.398

26

2.121

1.180

2.715

1.398

27

2.121

1.180

2.715

1.398

28

2.121

1.194

2.715

1.417

29

2.121

1.209

2.715

1.438

30

2.121

1.225

2.715

1.461

31

2.121

1.269

2.715

1.522

32

2.121

1.331

2.715

1.609

33

2.121

1.360

2.715

1.650

34

2.121

1.405

2.715

1.713

35

2.121

1.451

2.715

1.777

36

2.178

1.496

2.795

1.840

37

2.263

1.556

2.914

1.924

38

2.361

1.632

3.051

2.030

39

2.489

1.707

3.230

2.135

40

2.658

1.798

3.467

2.263

41

2.856

1.918

3.744

2.431

42

3.083

2.040

4.062

2.602

43

3.351

2.191

4.437

2.813

44

3.663

2.356

4.874

3.044

45

4.031

2.536

5.389

3.296

46

4.427

2.749

5.943

3.594

47

4.865

2.974

6.557

3.909

48

5.360

3.231

7.250

4.269

49

5.898

3.518

8.003

4.671

50

6.476

3.834

8.812

5.113

51

7.112

4.181

9.702

5.599

52

7.807

4.558

10.675

6.127

53

8.541

4.981

11.703

6.719

54

9.320

5.449

12.794

7.374

55

10.169

5.992

13.982

8.134

56

11.060

6.625

15.230

9.021

57

12.007

7.334

16.555

10.013

58

13.011

8.163

17.961

11.174

59

14.991

8.511

20.733

11.661

60

16.716

9.507

23.148

13.055

61

18.611

10.592

25.801

14.574

62

20.703

11.814

28.730

16.285

63

22.981

13.141

31.919

18.143

64

25.485

14.605

35.425

20.193

65

28.227

16.220

39.263

22.454

66

31.225

18.000

43.461

24.946

67

34.492

19.947

48.034

27.671

68

38.043

22.072

53.006

30.646

69

41.918

24.396

58.431

33.900

70

45.496

26.295

63.694

36.813

71

50.064

29.071

70.090

40.699

72

55.015

32.073

77.021

44.902

73

60.375

35.362

84.525

49.507

74

66.187

38.922

92.662

54.491

75

72.451

42.784

101.431

59.898

76

79.225

46.978

110.915

65.769

77

86.524

51.504

121.134

72.106

78

94.400

56.422

132.160

78.991

79

102.871

61.716

144.019

86.402

80

111.980

67.449

156.772

94.429


Appendix – Schedule of Annual Premium Rate per RM1,000 Face Amount – Accelerated Critical Illness Rider

Attained Age Next Birthday Non Smoker Smoker
Male Female Male Female

17

0.450

0.500

0.657

0.475

18

0.450

0.500

0.771

0.575

19

0.500

0.533

0.800

0.625

20

0.500

0.567

0.857

0.675

21

0.550

0.567

0.914

0.700

22

0.600

0.600

1.000

0.750

23

0.625

0.667

1.029

0.775

24

0.650

0.667

1.114

0.800

25

0.725

0.733

1.200

0.900

26

0.775

0.767

1.286

0.950

27

0.800

0.833

1.343

0.975

28

0.850

0.867

1.400

1.075

29

0.900

0.967

1.486

1.150

30

0.950

1.000

1.571

1.250

31

1.050

1.100

1.714

1.325

32

1.125

1.167

1.857

1.450

33

1.200

1.300

2.000

1.550

34

1.300

1.433

2.171

1.725

35

1.350

1.600

2.286

1.950

36

1.500

1.767

2.514

2.200

37

1.625

1.933

2.714

2.400

38

1.825

2.133

3.057

2.600

39

2.100

2.333

3.514

2.825

40

3.100

2.533

4.567

4.167

41

3.467

2.900

5.067

4.733

42

3.833

3.333

5.633

5.467

43

4.133

3.967

6.100

6.467

44

4.600

4.633

6.833

7.600

45

5.100

5.267

7.500

8.667

46

5.900

5.933

8.700

9.800

47

6.400

6.533

9.467

10.700

48

6.967

6.900

10.300

11.367

49

7.600

7.267

11.200

11.933

50

8.300

7.633

12.267

12.600

51

9.067

8.000

13.500

13.133

52

9.433

8.433

14.000

13.867

53

10.500

8.900

15.567

14.667

54

11.567

9.033

17.167

14.867

55

12.600

9.267

18.733

15.200

56

13.667

9.267

20.267

15.200

57

15.433

9.333

22.933

15.267

58

17.533

10.300

26.067

16.867

59

20.467

11.267

30.500

18.433

60

21.600

12.200

32.133

19.967

61

22.267

13.000

33.133

21.367

62

23.067

13.767

34.333

22.633

63

23.533

14.567

35.033

23.967

64

24.000

15.533

35.733

25.633

65

24.167

16.600

36.067

27.400