Insurance
PRODUCTS / TERM INSURANCE
TERM LIFE / TERM TAKAFUL
Safeguard your loved ones’ future with a range of our most reliable term insurance / term takaful plans. Designed to provide financial security, our list of term coverages offer peace of mind by ensuring your family’s well-being, even in your absence. With insureKU and our partner insurers, you can invest in a protective shield that guarantees your loved ones’ financial stability.
We protect you against risk
Safeguard your loved ones’ future with a range of our most reliable term insurance / term takaful plans. Designed to provide financial security, our list of term coverages offer peace of mind by ensuring your family’s well-being, even in your absence. With insureKU and our partner insurers, you can invest in a protective shield that guarantees your loved ones’ financial stability.
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The Right Coverage. The Right Price. The Right Value
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Coverage Period
Get protected for a set time, like 10, 20, or 30 years. If something happens to you during this time, your family gets a payout. Otherwise, the policy ends with no payout.
Death Benefit
If you pass away, your loved ones get a sum of money called the "death benefit." They can use it for things like funeral costs, debts, education, or mortgage.
Premiums
To maintain coverage, policyholders must pay regular premiums to the insurance company. Premiums are typically fixed for the duration of the term but can vary based on factors such as the insured person's age, health, coverage amount, and term length. If the policyholder stops paying premiums, the coverage may lapse.
Convertibility and Renewability
Some policies let you switch to a different type of insurance without a medical exam. Also, some can be renewed after the term, but the cost might go up as you get older.
No Cash Valuet
Unlike other insurance, term life doesn't build up savings over time. If you're okay after the term ends, there's no money back.
Affordability
Term life is cheaper than other types. You pay less because it covers a specific time without extra costs for savings.
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Deductible Amount
This is the initial amount you agree to pay before your insurance coverage kicks in. For instance, if your deductible is RM500 and your bill is RM1,000 , you will pay RM500, and the insurance covers the remaining RM500.
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Why choose us
Fast, dedicated, professional
Experience the difference of a fast, dedicated, and professional insurance aggregatation platform. Our streamlined process ensures you get the coverage you need swiftly and efficiently. Our team is dedicated to helping you every step of the way, from selecting the right term plan to answering your queries. With our expertise, you can make informed decisions and provide your family with a safety net that truly matters.
Tips: Protect the Things that Matter to You
Your family’s well-being is your top priority. With our term insurance / term takaful plans, you’re not just purchasing coverage; you’re making a promise to secure your loved ones’ future dreams and aspirations. By safeguarding their financial stability, you’re ensuring they have the resources they need, no matter what life brings. Let insureKU help you protect what truly matters.
* Term life insurance is often chosen to provide financial protection during specific life stages or obligations, such as paying off a mortgage, raising children, or supporting dependents. It offers a straightforward and cost-effective way to ensure that loved ones are financially secure in the event of the insured person’s untimely death.
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Insurance partners
How can we help?
SUPPORT
1. What is Term Life Insurance / Term Life Takaful?
Term Life insurance or Term Life Takaful is one the simplest and most reliable financial solutions that will protect your loved ones when you are no longer able to. The benefit will allow your family to cope with loss without the additional stress of worrying how to make ends meet. The money can help them to:
- Pay off the remaining mortgage.
- Cover personal debts and loans.
- Maintain their quality of life and pay day-to-day expenses.
- Cover your childrens’ school tuition.
- Cover funeral expenses and provide an inheritance plan.
We realize there is no “one size fits all” life insurance plan, thereby, we provide a full range of solutions to suite every stage of life. By partnering with insurers in Malaysia, we are able to provide products for individuals looking to protect their families, their business, mortgage or themselves.
2. Do I Need Term Life Insurance or Term Life Takaful?
If you are married, have children, or parents who depend on you, it’s wise to have a term life insurance policy or term life takaful certificate that provides a safety net should something happen to you for a specific period. A policy or certificate will protect yourself, your assets and your loved ones when you no longer can. The payout from a policy could mean that it helps with medical bills, mortgage payments, outstanding debt, or monthly income for your family.
3. What does life insurance cover?
Life insurance pays out a lump sum to your beneficiaries if you die. Often the funds are used to pay off a mortgage, to help raise children, or to cover rent and day-to-day expenses. Funds can also be used to settle medical bills or co-signed debts that would otherwise be transferred to your partner.
There is no income or capital gains tax on life insurance payouts, however you could be subject to inheritance tax if your estate (the sum of your anything you own) is over a threshold. This can be sidestepped by placing the policy in trust, so that you beneficiaries become the trustees, and the policy is no longer part of your estate.
4. When is the best time to get covered?
The younger you are, the cheaper your life insurance policy is likely to be. This means it’s more efficient and cheaper in the long run to get covered as soon as you’re considering it, or soon as you have dependents.
5. Can I get covered if I've had health issues?
Everyone is unique, and every policy is underwritten individually. While health history is one of many price factors (often also including current health, age and use of tobacco), it doesn’t in any way prevent you from receiving quotes. Our experts have helped many happy applicants with pre-existing conditions and health challenges.
6. What does medical card cover?
Medical card covers all hospitalization bills. All bills related to admission of illness, whether it is illness or accidental will be covered according to the Annual Limit of the card.
7. Whom should I contact if I have an issue?
Please send in our queries to info@insureku.com and our helpdesk will revert to you the soonest possible. Alternatively, you may click on the contact us icon on the website to send us your queries and we will email you on the related matter.
8. Will I receive a policy or certificate contract after my application?
Yes, you will receive the policy contract from the insurer or takaful operator that you have purchased it from. The specific insurer will email the contract to you directly once the purchase of the policy/certificate is successful.
9. What do I do when there is a claim?
You would have to contact the specific insurer when there is a need for claim. The details of the number will be given in the policy contract. You may click on the claim tabs of the specific insurer/takaful operator on insureku.com and it will redirect you to the specific claims department.
10. What should I do if my payment is not successful?
You may email to info@insureku.com or click on the contact us tab and submit your details there and our customer service team will get back to you the soonest.