Home -> Value Added Services - ING I.ProtectionPLUS & ING I.EduSAVE


Special Features :

  • Life Insurance coverage on Death on all causes, Total Permanent Disability and Accidental Death Coverage

  • Funeral Expenses

  • Dread Disease Permanent Partial Disability and Hospital income Benefit (Optional)

  • High Cash Return 60% (IPP) AND 70% (IES)

  • Competitive, Single Premium Rate

  • 24 Hours, Worldwide Protection

  • Portable even after you leave the bank

  • Continuation Option for your Children, even after members' policy have matured

  • Convenience of Payment

  • Education Excellence Award (ING IEduSAVE only)

  • This new scheme allows members to withdraw a portion of their savings component WITHOUT surrending the policy (thus avoiding loss of insured value).

ING I.ProtectionPLUS (for you and your spouse)

BASIC BENEFIT

 

SUPPLEMENTARY BENEFITS

 

Entry Age

Min16years;
Max 54 years

Maturity Age
65 years

Plan Sum Insured (RM) Monthly
Premium
(RM)
 

Monthly Premium (RM)

 
Life Total
Permanent
Disability
Funeral
Expenses
 

Age (Nearest Birthday)

 
Natural Accidental  

16 -35 years

36 - 45 years

46 - 55 years

56 - 65 years

 
 

PPD

DD

PPD

DD

PPD

DD

PPD

DD

 
A 20 000 + ACB 40 000 + ACB 20 000 + ACB 1 000 20  

1

4.8

1.6

7.2

4.8

15.6

10

27.4

 
B 30 000 + ACB 60 000 + ACB 30 000 + ACB 1 000 30  

1.5

7.2

2.4

10.8

7.2

23.4

15

41.1

 
C 50 000 + ACB 100 000 + ACB 50 000 + ACB 2 000 50  

2.5

12

4

18

12

39

25

68.5

 
D 70 000 + ACB 140 000 + ACB 70 000 + ACB 3 000 70  

3.5

16.8

5.6

25.2

16.8

54.6

35

95.9

 
E 100 000 + ACB 200 000 + ACB 100 000 + ACB 4 000 100  

5

24

8

36

24

78

50

137

 
F 150 000 + ACB 300 000 + ACB 150 000 + ACB 5 000 150  

7.5

36

12

54

36

117

75

205.5

 
G 200 000 + ACB 400 000 + ACB 200 000 + ACB 5 000 200  

10

48

16

72

48

156

100

274

 
H 250 000 + ACB 500 000 + ACB 250 000 + ACB 5 000 250  

12.5

60

20

90

60

195

125

342.5

 
I 300 000 + ACB 600 000 + ACB 300 000 + ACB 5 000 300  

15

72

24

108

72

234

150

411

 
J 350 000 + ACB 700 000 + ACB 350 000 + ACB 5 000 350  

17.5

NA

28

NA

84

NA

175

NA

 
K 400 000 + ACB 800 000 + ACB 400 000 + ACB 5 000 400  

20

NA

32

NA

96

NA

200

NA

 
L 450 000 + ACB 900 000 + ACB 450 000 + ACB 5 000 450  

22.5

NA

36

NA

108

NA

225

NA

 
M 500 000 + ACB 1 000 000 + ACB 500 000 + ACB 5 000 500  

25

NA

40

NA

120

NA

250

NA

 
 
SUPPLEMENTARY BENEFITS

Hospital Income Benefit

Plan Benefit Per Day
(RM)
Monthly Premium (RM)/Age (Nearest Birthday)
16 - 35 years 36 - 45 years 46 - 55 years 56 - 56 years
1 30 2.93 3.25 3.78 4.00
2 50 4.88 5.42 6.29 6.67
3 80 7.80 8.67 10.07 10.67
 

ING I.EduSAVE (for your children)

BASIC BENEFIT

 

SUPPLEMENTARY BENEFITS

 

Entry Age

Min1 Month;
Max 19 years

Maturity Age
21 years or
24 years if studying

Plan Sum Insured (RM) Monthly
Premium
(RM)
 

Monthly Premium (RM)

 
Life Total
Permanent
Disability
Funeral
Expenses
 

Age (Nearest Birthday)

 
Natural Accidental  

0 - 15 years

16 - 19 years

 
 

PPD

DD

PPD

DD

 
A 20 000 + ACB 40 000 + ACB 20 000 + ACB 1 000 20  

0.6

2.4

1

4.8

 
B 30 000 + ACB 60 000 + ACB 30 000 + ACB 1 000 30  

0.9

3.6

1.5

7.2

 
C 50 000 + ACB 100 000 + ACB 50 000 + ACB 2 000 50  

1.5

6

2.5

12

 
D 70 000 + ACB 140 000 + ACB 70 000 + ACB 3 000 70  

2.1

8.4

3.5

16.8

 
E 100 000 + ACB 200 000 + ACB 100 000 + ACB 4 000 100  

3

12

5

24

 
F 150 000 + ACB 300 000 + ACB 150 000 + ACB 5 000 150  

4.5

18

7.5

36

 
 
SUPPLEMENTARY BENEFITS

Hospital Income Benefit

Plan Benefit Per Day
(RM)
Monthly Premium (RM)/Age (Nearest Birthday)
0 - 16 years 16 - 19 years
1 30 2.86 2.93
2 50 4.77 4.88
3 80 7.63 7.80

Note:-
ACB : Accumulated Cash Benefit
PPD : Permanent Partial Disability
DD : Dread Disease

 
ACCUMULATED CASH BENEFIT (ACB) : PROJECTED RETURNS

Note : The ACB calculation below are for illustration only (based on 5% interest rate) and are not guaranteed. The actual interest rate that would be declared may change from time to time depending on the operating and investment results experienced by the Insurer.

Monthly ING I.ProtectionPLUS

60% Returns *

Premium Year (Length of Contribution)
(RM) Year 1 Year 3 Year 5 Year 10 Year 15 Year 20 Year 25 Year 30
20 148 465 816 1 856 3 185 4 881 7 045 9 806
30 221 698 1 223 2 785 4 777 7 321 10 567 14 710
50 369 1 163 2 039 4 641 7 962 12 201 17 611 24 516
70 517 1 629 2 855 6 498 11 147 17 082 24 656 34 322
100 738 2 327 4 078 9 282 15 925 24 403 35 223 49 032
150 1 107 3 490 6 117 13 924 23 887 36 604 52 834 73 548
Monthly ING I.EduSAVE

70% Returns *

Premium Year (Length of Contribution)
(RM) Year 1 Year 3 Year 5 Year 10 Year 15 Year 20
20 172 543 952 2 166 3 716 5 694
30 258 814 1 427 3 249 5 574 8 541
50 431 1 357 2 379 5 415 9 290 14 235
70 603 1 900 3 330 7 581 13 005 19 929
100 861 2 714 4 758 10 830 18 579 28 470
150 1 292 4 071 7 136 16 244 27 869 42 705

* Terms & Conditions apply

Education Excellence Award

At ING, we want to encourage all our young insureds to excel in their studies. After three (3) years of continuous participation in the ING I.EduSAVE, your kid will be entitled to the awards.

Examination Criteria Total Incentive

Only one (1) Education Excellence Award per life for each category as stated above is allowed.

Ujian Penilainan Sekolah Rendah (UPSR) Min. Five Distinctions RM60.00
Peperiksaan Menengah Rendah (PMR) Min. Five Distinctions RM100.00
Sijil Pelajaran Malaysia (SPM) Min. Five Distinctions RM120.00
 

Supplementary Riders

Supplementary Dread Disease Protection

The following diseases or events are covered under this rider:

1. Kidney Failure 13. Major Burns 24. Aplastic Anaemia
2. Heart Attack 14. Muscular Dystrophy 25. Loss of Speech
3. Stroke 15. AIDS due to Blood Transfusion 26. Chronic Liver Disease
4. Cancer 16. Coma 27. Encephalitis
5. Multiple Sclerosis 17. Loss of Hearing/Deafness 28. Bacterial Meningitis
6. Primary Pulmonary Arterial Hypertension 18. Chronic Lung Disease 29. Poliomyelitis
7. Fulminant Viral Hepatitis 19. Benign Brain Tumor 30. Apallic Syndrome
8. Blindness 20. Alzheimerís Disease/ Irreversible 31. Other Serious Coronary Artery Disease
9. Coronary Arterial Disease Surgery Organic Degenerative Brain Disorders 32. Coronary Artherectomy
10. Major Organ Transplant 21. Terminal Illness 33. Loss of Independent Existence
11. Heart Valve Replacement 22. Parkinsonís Disease 34. Systemic Lupus Erythematosus
12. Aorta Surgery 23. Motor Neurone Disease 35. Medullary Cystic Disease
Supplementary Permanent Partial Disability Benefit (Accidental Causes)
Scale of Indemnity % of Sum Insured
1. Loss of arm
at shoulder 100%
between shoulder and elbow 100%
at elbow between elbow and wrist 100% 100%
2. Loss of hand at wrist 100%
3. Loss of leg
at hip between knee and hip 100% 100%
below knee 100%
4. Loss of eye
whole eye
sight
sight, except perception of
light
100%
100%

 50%
lens 50%
5. Total loss of speech 50%
Scale of Indemnity

% of Sum Insured

6. Loss of hearing
both ears 75%
one ear 25%
7. Loss of four fingers and thumb
of one hand 50%
8. Loss of four fingers 40%
9. Loss of thumb both phalanges 25%
one phalanx 10%
10. Loss of index finger
three phalanges
two phalanges
one phalanx
10%
8%
 4%
11. Loss of middle finger
three phalanges 6%
two phalanges 4%
one phalanx 2%
Scale of Indemnity

% of Sum Insured

12. Loss of ring finger
three phalanges 5%
two phalanges 4%
one phalanx 2%
13. Loss of little finger
three phalanges 4%
two phalanges 3%
one phalanx 2%
14. Loss of metarcarpals
first or second (additional) 3%
third, fourth or fifth (additional) 2%
15. Loss of toes
All 15%
great, both phalanges 5%
great, one phalanx 2%
other than great, if more than 1%
one toe lost, each

Questiones & Answers

1. Q: Who is eligible?

A: Employees and dependants of SBEU, Bank Employees & dependants, aged 16 to 54 years (for I.ProtectionPLUS) and children aged 1 month to 19 years (for I.EduSAVE).

2. Q: How do I make payment for premiums?

A: The premiums payment is through monthly salary deduction, Credit Card or standing instructions through the bank.

3. Q: How do I make a claim?

A: Should you need to make a claim, please contact ING Insurance at 03-20584838 and ask for Employee Benefits Claims Department . You may also contact the Sales Department, Suresh at extension 2962, or preferably to e-mail to eb.sales@ing.com.my

4. Q: Can I continue with the policy once I retire from the company?

A: YES, please contact us to change the payment mode to annual and payment can be made via Credit Card or Standing Instructions.

5. Q: Can I upgrade my plan or include my dependants later?

A: YES, provided you are still a member of SBEU / Bank Employee.

6. Q: Is there any cash benefit for the supplementary rider?

A: NO, there will be no cash benefit for the supplementary riders.

7. Q: What is the maximum amount I can insure?

A: The maximum amount you can insure is RM 500,000 (max premium RM500 per month) (for I.ProtectionPLUS) and RM 150,000 (max premium RM150 per month) (for I.EduSAVE).

8. Q: Does the premium rates differ according to the age and gender?

A: NO, the premium rates are same for all ages and gender.

9. Q: If I have pre-existing conditions, will I be covered under this plan?

A: NO. Once you are diagnosed with pre-existing conditions, we will subject you to underwriting.

10. Q: Can I withdraw my saving benefits?

A: YES, you can withdraw 77% of the saving benefits after 3 years of continuous participation in this plan and 81% after 5 years and more.

11. Q: Is there any education complementary for I.EduSAVE?

A: YES. After 3 years of continuous participation in IES, your children will be entitled for education excellent award with minimum of five distinctions.

12. Q: What will happen to my policy if any of my Critical Illness is diagnosed?

A: ING will pay you the lump sum amount once you are diagnosed with any critical illness and your policy will lapse hereafter.

WE ARE PLEASE TO INVITE YOU TO JOIN THIS SCHEME
FOR A LIFETIME PROTECTION!!!

For more information or registration, please kindly contact us.

 

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