MCIS Life MCIS Life

Accelerate towards Your Financial Goals with Wealth Multiplier

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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).
Wealth Multiplier

Accelerate towards Your Financial Goals with Wealth Multiplier

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).

Take control of your wealth management journey today and build a better future for your family with an endowment plan combining protection and savings. 

Smart financial management is key to achieving wealth and financial independence. It provides individuals and families with a sense of security and a safety net to handle unexpected expenses or future financial goals.

Why Do You Need Wealth Multiplier?

With a plan like Wealth Multiplier, securing a financial future can be effortless. It gives you and your family financial protection and savings that guarantees 100% of your Basic Sum Assured is payable upon maturity, establishing a solid wealth foundation that will last.

What Do You Get from Wealth Multiplier?

Guaranteed survival benefit options of once every year OR once every 3 years
Multiple choice of policy terms
100% of the Basic Sum Assured upon maturity... and more

Savings for Your Future

Whether it’s for retirement or your child’s future, this participating Endowment Plan with Bonus allows you to utilise your savings according to your preferences. So take control of your financial journey now and enjoy the freedom to shape your future!

What Are the Benefits of Wealth Multiplier?

Guaranteed Survival Benefit

Benefits are given to the policy owner during policy tenure where you can choose from one of the following two options:

  1. 3% of your Basic Sum Assured every year commencing at the end of the first policy year. The last Guaranteed Survival Benefit is payable one (1) year before the policy maturity date.
  2. 10% of your Basic Sum Assured every three (3) years commencing at the end of the third policy year. The last Guaranteed Survival Benefit is payable three (3) years before the maturity date.

Maturity Benefit

Upon maturity of your policy, you will receive 100% of the Basic Sum Assured plus accrued Bonus (if any) and Terminal Bonus (if any).

Death Benefit

In the event of death, your family will receive a lump sum comprising your Basic Sum Assured plus accrued Bonus (if any) and Terminal Bonus (if any) and less any indebtedness on the policy.

Total and Permanent Disability Benefit

In the event of Total and Permanent Disability (TPD) prior to age 60, the benefits will be payable in 2 instalments as follows:

  • First instalment (20% of Basic Sum Assured) with accrued bonus (if any), is payable 6 months from Date of Diagnosis; and
  • Second instalment (80% of Basic Sum Assured) with Terminal Bonus (if any), is payable 18 months from Date of Diagnosis.

Note: The above list is not exhaustive. Please refer to policy contract for full details on the exclusions.

Learn More

Wealth Multiplier is ideal for those who want a plan that combines savings and protection while enjoying regular income.

Any person aged from 30 days old to 55 years old (age next birthday) is eligible for this plan.

You have a choice of policy terms of 15, 18, 21, 24, 27 or 30 years. Hence, you can choose the term that best fits your financial plans. However, the age at entry plus the term of the policy should not exceed 70 years.

Minimum Basic Sum Assured is RM5,000. Maximum Basic Sum Assured is subject to medical and financial underwriting.

Your premiums will depend on your choice of Basic Sum Assured, age, gender and the duration of the plan. You do not need to worry about fluctuating premium rates. Once you have signed up, we guarantee the same premium throughout the duration of the policy.

Large sum assured discounts apply if the Basic Sum Assured is RM20,000 or more.

You can choose to pay your premium either yearly, half-yearly, quarterly or monthly. Payments can be made via private deductions, Angkasa deductions, credit cards, auto-debit, standing instructions or direct payments.

Anyone aged between 30 days old and 55 years old (age next birthday) can apply. For a child below the age of 6, juvenile lien will apply where a proportion of the Basic Sum Assured will be payable.

This plan can also be offered as a Higher Education Plan. Under Higher Education Wealth Multiplier, you are entitled to the tax benefit under education insurance. The following conditions are to be met to qualify for the higher Education Plan*:

If the Life Assured is a Child

  1. Life Assured must be between 1-10 years old (age next birthday) and Life Assured’s age next birthday plus policy term must be between 14 and 25 years old.
  2. Payer must be between 18-55 years old (age next birthday) and Payer’s age next birthday plus policy term must not exceed 70 years.
  3. Payer Benefit Rider is mandatory with a minimum rider term of 5 years.

If the Life Assured is an Adult

  1. Life Assured must be aged between 18 and 55 years old (age next birthday) and Life Assured’s age next birthday plus policy term must not exceed 70 years.
  2. A child must be nominated where the Nominee must be between 1-10 (age next birthday). Nominee’s age next birthday plus policy term must be between 14 and 25 years.

*Subject to terms and conditions.

Certainly. For a more comprehensive protection plan, you can choose to attach various riders to your Wealth Multiplier. Please refer to our agents for the riders available.

  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.
Note: The above list is not exhaustive. Please refer to 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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