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  FAQ - FREE TERM LIFE INSURANCE COVERAGE

 




 

 

Who is entitled to receive free Term Life Insurance coverage?

 

Available to all unit holders (strict name only) of OSK-UOB Equity Trust as follows:

(i)                  Individual investor aged 18 to 60 years old (for joint account investors, this free insurance will only be offered to primary/principal unit holder).

 

(ii)                Corporate investor; who will nominate two principals or key personnel of the Company aged 18 to 60 years old.

 

What is the coverage provided to OSK-UOB Equity Trust unit holders under the free Term Life Insurance scheme?

 

The benefits are as follows:

 

(i)                  24 hours world-wide coverage.

 

(ii)                Minimum coverage of RM1,000 to a maximum of RM100,000 per individual.

 

(iii)               The sum assured shall be based on the initial investment amount and will subsequently be adjusted in accordance with the market value of the investment at each month end.

 

(iv)              It covers death or total and permanent disability (TPD*) due to illness or accident.

 

    * Definition of total and permanent disability (TPD) :

Complete inability of an investor to engage in any gainful occupation for which he has been trained for, and whose disability has existed continuously for at least six months.

 

How does an insured/a beneficiary make a claim under the OSK-UOB Equity Trust Term Life Insurance scheme?

 

In the event of any claim, the insured / beneficiary must inform us by submitting the following documents within 30 days of the occurrence:
 

(i)                  Claim Form No.1 (obtainable from Manager’s office)

 

(ii)                Certified* true copy of Medical Report

 

(iii)               Certified* true copy of Death Certificate (if relevant)

 

(iv)              Certified* true copy of Burial Permit (if relevant)

 

(v)                Certified* true copy of the insured’s / deceased’s Identity card or Birth Certificate

 

(vi)              Certified* true copy of Post Mortem Report (if available)

 

(vii)             Certified* true copy of Police Report (if available)

 

 

 * Certification by a Commissioner of Oaths

 

 

 

 

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