EZI Term
Be debt-free. Plan ahead for those you truly love.
Misfortune is unpredictable; it is time to plan what is best for your future and your loved ones. We will always be with you and your family at times of hardships and help you to minimize the financial burden.
Without hassle, you will be financially protected immediately in the event of death or total and permanent disability.
EZI Term – Get your quick and hassle free protection now.
Important Notice on Income Protection Coverage
Income protection – the ability to ensure financial security even in the face of crises such as long-term illness, disability or death – plays a crucial role in our lives and that of our loved ones. Yet, the income protection gap is present in many families, who do not have financial compensation should there be a reduction / loss in household income due unexpected events. To get a quick calculation on how much insurance / takaful coverage can be obtained based on your budget and needs, try out Protection Gap and Budget Calculator.
Choice of coverage up to RM500,000
It provides you with 6 options to protect against the unexpected. You can choose your ideal sum covered to ensure you and your family are well provided for, in case Death or Total and Permanent Disability (TPD) occurs.
No medical examination required
Best of all, there is no hassle of getting a medical examination to get covered. Just answer a simple questionnaire and submit your application over the counter at our participating branches.
Flexible Coverage Term
You can tailor your coverage term based on your financial circumstance and needs. This flexibility ensures you can plan your coverage as you progress in life.
Please use the Protection Gap and Budget Calculator to determine how much coverage you require and how much contributions you can afford.
Anyone between 18 years old and 50 years old is eligible to sign up this plan.
To nominate your beneficiaries, please fill in the Nomination Form and submit the form at your nearest Zurich branch.
Step 1
Prepare the required documents as stated below.
Step 2
Complete the required form(s) and get your attending doctor to complete the required Physician’s Statement form (if applicable).
Step 3
Ensure all the required documents are complete and submit them via your servicing agent or your nearest Zurich branch.
A. Compulsory documents:
1. Claimant’s Statement Form
2. CTC of Claimant’s NRIC / Passport / Residence card
3. CTC of Death Certificate
B. Additional documents (if any):
1. CTC of Marriage Certificate (if claimant is spouse) or Birth Certificate of Claimant (if claimant is child) or Birth Certificate of Deceased (if claimant is parents) as Proof of Relationship
2. Original Certificate Contract
3. Original Letter of Consent (4 copies)
4. CTC of report of death abroad from National Registration Department (NRD) - if Person Covered died abroad
5. Letter of Administration / Grant of Probate / Distribution Order (applicable for certificate without nomination)
6. CTC of Deceased’s NRIC / Passport / Residence card
C. Documents to be completed if death due to sickness or natural cause:
1. Physician’s Statement Form
D. Documents to be submitted if death due to accident:
1. CTC of Post Mortem / Coroner’s Report (for certificate duration of less than 5 years from the Issue Date or Reinstatement Date, whichever is later)
2. CTC of Toxicology Report, if any
3. CTC of Police Report
4. Newspaper Cutting, if any (Please translate to English or Bahasa Malaysia if the article is not in either of these languages)
The benefits payable are protected by PIDM up to limits and the protection on benefits from the unit portion is subject to limitations. Please refer to PIDM TIPS brochure or contact Zurich Takaful Malaysia Berhad or PIDM.
Zurich Takaful operates under the principle of Wakalah, whereby the Takaful Operator acts as an agent to the Participant for managing the operations of the Takaful business. A Wakalah Fee will be charged up-front from the contributions made. Tabarru’ (donation) will be deducted to the Participant Risk Investment Account (PRIA), where it will be used for mutual aid and assistance, based on the concept of Takaful. The benefits are paid from the PRIA only upon a covered loss, and not upon maturity or surrender of the certificate. Surplus Sharing (if any) at the end of each financial year will be shared between the Participant, and Zurich Takaful at a 50:50 ratio. The investment profit earned on the Participant Investment Account (PIA) is derived from the return on underlying assets and Zurich Takaful charges a Wakalah Bi al-Istithmar Fee (Investment Agency Fee) for managing these assets. The investment risk in PIA is fully borne by the Participant. 100% of investment profit earned, net of tax, less the aforementioned Wakalah Bi al-Istithmar Fee, will remain in the PIA for the benefit of the Participant. There will be no further sharing of the investment profit arising in the PIA with Shareholders.
