What is the Essential Cover 20?
The Essential Cover 20is offered by RHB is a savings plan which is designed to give you consistent and steady returns for your investments for the future. This is a great plan which gives you the option to save more regularly and with good returns each year to ensure you have additional funds in the later years be it for retirement, holidays or anything else.
What is so exciting about the RHB Essential Cover 20?
With this plan, you will only need to commit to a short-term premium payment plan and enjoy long-term protection and returns.
What are the terms available with this plan?
Basically, you will commit to a 10-years premium paying plan. In return, you will be able to enroll into a regular savings plan with added insurance protection of up to 20 years.
Do I get any protection with the RHB Essential Cover 20?
Yes, you do. This insurance plan comes with protection upon death or TPD (Total and Permanent Disability). Should any of these unfortunate events occur, a lump sum will be paid while should the death was due to accidental causes, a 100% addition to the sum assured will be paid? On top of that, should the policy owner be diagnosed with any of the 36 critical illnesses during the period of the active policy, all future premiums will be waived which will be extremely helpful for your loved ones in times of financial uncertainties.
What other benefits do I get with this plan?
This plan comes with a maturity benefit where you will receive a guaranteed payout when the policy terminates of 115% of the total premium paid.
Who is eligible for the RHB Essential Cover 20?
The coverage term for this policy is for a period of 20 years and is catered and available for any individual between 18 and 50 years old.
What are the types of plans available under the RHB Essential Cover 20?
There are 3 options to choose determined through the sum assured which are RM25,000 (Plan 1), RM50,000 (Plan 2) and RM75,000 (Plan 3). This is up to your affordability and also depends on the age of the policyholder at the time of enrolment.
What is the premium like for the 3 plans?
For Plan 1, the premium starts from RM61.20 for those between 18 and 24 years old and up to RM174.90 for those aged 50. Plan 2 premium starts from RM93.60 to RM332 while Plan 3 premium is ranges between RM126.50 and RM415.90.