Application for Group Term Life Insurance Malaysia

1. Group Application Form;
2. Personal Health Declaration Form (if any);
3. Member census in excel format;
4. Appointment letter of authorised personnel(s) on Company’s letterhead (signed and stamped by Company); and
5. An original certified true copy of passport for non-Malaysian authorised personnel or Identity Card of authorised personnel signed and stamped by Human Resource or Director.

Employee – All full-time and actively at work employees, directors, partners and proprietors in occupational classes 1 to 4 are eligible for Group Term Life.

Employee – Entry age 16 – 64, renewable age up to 69 years old.

Policy Anniversary is the Policy’s Effective Date and yearly renewable upon policy anniversary date.

The employer continues to renew the policy for as long as the employee remains employed with that employer.

When an employee resigns or new employee, please inform us through email or contact servicing agent within 30 days before the eligible benefit date. A pro-rated premium will be refunded for employees who resign and a pro-rated premium will be charged for new employees who join the company after the policy commencement date.

Any changes, upgrade or downgrade of the employees insurance benefits can be done upon the policy anniversary/ renewal and subject to insurance company review and approval. A change of employee category due to promotion or demotion is applicable if you inform us within 30 days of the eligible benefit date and pro-rated premium will be charged or refunded.

Premium rates and its renewability are not guaranteed. New premium rates may be applied to the Insured Member at the end of any subsequent policy year or whenever the term of the basic policy/ rider is changed.

For GTL and Additional/ Accelerated Critical Illness plans, the premium rate is determined based on the average age of all the Insured members in the group. Thus, the premium rate is reviewed yearly based on the average attained age of the group during renewal.

It’s simple, speak to Red Cover Life Planning representative and we will help to complete and submit your application for a group term life insurance plan.