SMARTPROTECT Junior | Insurance for Baby & Kids | Medical & Education Savings Options
SMARTPROTECT Junior | Insurance for Baby & Kids | Medical & Education Savings Options
Chart a secure future for your child
As you look forward to growing your family with your child, it pays to plan ahead – the earlier, the better. That’s because you want to ensure your child is set to enjoy a bright future right from the start of his or her life, safely prepared to face life’s occasional uncertainties.
With SmartProtect Junior, you can protect your little bundle of joy starting from infancy or even before your child is born, by providing long-term life insurance protection. At the same time, you will also be preparing him or her for a bright future with access to professionally managed investment funds and optional education savings. Rest assured with SmartProtect Junior, a comprehensive plan designed to help your child flourish as he or she grows up in a safe, secure, and well-protected safety net.
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Key benefits
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Protection with investment allocation
SmartProtect Junior gives you access to professionally managed unit funds on top of life coverage for your child until age 100 next birthday1 .
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Additional 1% sum assured each year
Your sum assured grows by 1% of the basic sum assured with every completed policy year, should death or TPD occur, up to the end of the 30th policy year1 .
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Protection against death or TPD
Should death or TPD occur to your child, the basic sum assured, additional sum assured, and total investment value will be payable to you1 .
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Maturity benefit
Once your policy matures, you will receive 100% of your total investment value1 .
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No-Lapse Guarantee
SmartProtect Junior comes with a No-Lapse Guarantee in the first 3 policy years, which ensures that your policy remains inforce even if your total investment value becomes zero, so long as your premiums are paid consistently and no withdrawal is made within the first 3 policy years1 .
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Financial flexibility for a secure tomorrow
SmartProtect Junior lets you tailor your protection and investment levels to further safeguard your child’s financial security in the future. You have the option of boosting the investment value of your policy via single-premium top-ups, subject to a minimum of RM1,0001 .
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Optional education savings for your child
To assist you in building an education fund for your child’s future, SmartProtect Junior can come with IL EduSaver, an optional regular premium investment-linked top-up1 .
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Boosted protection with other additional optional riders
You can choose to add optional riders to your SmartProtect Junior plan, giving you greater peace of mind1 .
Riders available
Rider |
Benefits |
SmartMedic Shield / SmartMedic Shield Extender / SmartMedic Shield Plus
|
Provides medical protection against unexpected emergencies. |
Smart Multi Critical Care |
Multiple-pay critical illness rider that provides coverage for 188 conditions across early, intermediate and advanced stages along with special benefits. |
IL Critical Illness Benefit Rider |
Helps secure your finances should critical illness occur to the life assured. |
IL Critical Illness Plus Rider |
Provides additional coverage should critical illness occur to the life assured. |
IL Junior CI Plus Rider |
Provides financial protection against child critical illnesses. |
IL Premium Waiver Extra Rider (Jr)* |
Waives premiums should disability or critical illness occur to the life assured. |
IL Payer Benefit Extra Rider (Jr)*
|
Waives premiums should death, disability or critical illness occur to the payer. |
IL Spouse Payer Benefit Extra Rider (Jr)* |
Waives premiums should death, disability or critical illness occur to payer's spouse. Only available when IL Payer Benefit Extra Rider (Jr) is attached. |
Notes:
i. *After the premium has been waived under this rider, the premium amount waived will remain unchanged. As such, in the event of any upward revision of the insurance charges of basic plan or any riders, or reduction of actual sustainability of the policy, you may be required to perform regular premium top-ups or single premium top-ups to cover the difference in the premium amount waived and the revised premium for better sustainability of your policy.
ii. Terms and conditions apply.
Disclaimer:
PROTECTION BY PIDM ON BENEFITS PAYABLE FROM THE UNIT PORTION OF THIS POLICY/PRODUCT IS SUBJECT TO LIMITATIONS.
Please refer to PIDM’s TIPS Brochure or contact Great Eastern Life Assurance (Malaysia) Berhad or PIDM (visit www.pidm.gov.my).
For existing policyholder, please talk to your servicing agent.
For non policyholder, send your inquiries by filling up your details here.
A Life Planning Advisor will get back to you within 48 hours.
Your questions answered
SmartProtect Junior open doors to better education opportunities for your child with IL EduSaver, an optional regular-premium investment top-up attachable to this plan to assist you in building education savings for your child’s future.
Life assured |
Entry Age |
|
Unborn Child |
Minimum |
13 weeks of gestational period |
Maximum |
36 weeks of gestational period |
|
Child |
Minimum |
14 days attained age |
Maximum |
15 years age next birthday |
|
Note: Where the life assured is an unborn child, the Smart Baby Shield Plus riders, which provide pregnancy care and child care coverage, will be attached to this plan.
The minimum sum assured for this plan is RM12,000. Any application for SmartProtect Junior is subject to the Company’s applicable underwriting requirements.
No benefit is payable under the following circumstances:
· Pre-existing conditions.
· Death during the first policy year as a result of suicide, while sane or insane.
· TPD resulting from self-inflicted injuries, while sane or insane.
The exclusions highlighted here are not exhaustive. Full details are available in the policy document.
Let our Life Planning Advisor
assist you to
Request a call back
Thank you for your enquiry. Fill in your details below and a Life Planning Advisor will get back to you within 48 hours.
Call times are Monday-Friday between 8.30am and 5.15pm (except Public Holiday).
Understand the details before buying
1 Terms and conditions apply.
2 Immediate family members mean your parents, spouse, and children.
SmartProtect Junior is a regular premium investment-linked insurance plan. Some of the choices of funds invest in Shariah-approved securities. However, this is not a Shariah-compliant product. This plan is an insurance product that is tied to the performance of the underlying assets, and is not a pure investment product such as unit trusts. Premiums are payable for the whole term of the policy, or until death or TPD or termination of the policy, whichever comes first.
You should satisfy yourself that this plan will best serve your needs and that the premium payable under the policy is an amount you can afford. A free-look period of 15 days is given for you to review the suitability of the plan. If the policy is returned to the Company during this period, the Company shall refund an amount equal to the sum of:
a) the total investment values of the policy based on the net asset value at next valuation date; and
b) the investment values of the units which have been cancelled to pay for insurance charges and policy fee; and
c) the amount of the premiums that have not been allocated; minus the medical expenses incurred for medical examinations, if any.
Net asset value is the single price at which the policy owner buys the units in a unit fund and sells the units back to the unit fund.
In cases where the purchase involves a premium of a sizeable amount i.e. RM5,000 and more, you should consider purchasing a single premium investment-linked insurance plan as single premium plans offer better allocation rates for investment. However, please take note that single premium plans may not offer as much insurance protection as regular premium plans and may have less riders/supplementary benefits available.
You may stop paying the premiums and still enjoy protection as long as there is a sufficient total investment value to pay for the insurance charges, policy fee and supplementary benefit premiums, where applicable. However, there is a possibility of the policy lapsing when the required charges, including rider charges, exceed the value of the fund units available. Purchasing too many unit-deduction riders may deplete the fund units.
In the event the actual sustainability of the policy is reduced due to revision of insurance charges, the Company may vary the Basic Annual Premium and any regular investment top-ups on policy anniversary by giving you 3 months advance written notice.
Buying an investment-linked insurance plan is a long-term commitment. An early termination of the policy involves high costs and the withdrawal value is dependent on the prevailing market value of the underlying assets of the unit fund. Therefore, the withdrawal value may be less than the total premiums paid. The policy value may rise or fall, based on the underlying performance of the funds. The performance of the funds is not guaranteed. The investment risk under the policy will be borne solely by the policy owner. Past actual performance is not a guide to future performance, which may be different.
Any amount of the premium that has not been allocated to purchase units is used to meet the payment of commissions to intermediaries and general expenses of the Company. The Company reserves the right, in circumstances it considers exceptional, to suspend issuance or redemption of units. If you switch your policy/rider from one company to another, or if you exchange your current policy/rider with another policy/rider within the same company, you may be required to submit an application where acceptance of your proposal will be subject to the terms and conditions to be imposed at the time of policy/rider switching or replacement.
The above is for general information only. It is not a contract of insurance. You are advised to refer to the Sales Illustration, Fund Fact Sheet, Product Disclosure Sheet and sample policy documents for detailed important features and benefits of the plan before purchasing the plan. The exclusions and limitations of benefits highlighted above are not exhaustive. For further information, reference shall be made to the terms and conditions specified in the policy issued by Great Eastern Life.
The terms “Great Eastern Life” and “the Company” shall refer to Great Eastern Life Assurance (Malaysia) Berhad.
PROTECTION BY PIDM ON BENEFITS PAYABLE FROM THE UNIT PORTION OF THIS POLICY/PRODUCT IS SUBJECT TO LIMITATIONS. Please refer to PIDM’s TIPS Brochure or contact Great Eastern Life Assurance (Malaysia) Berhad or PIDM (visit www.pidm.gov.my).
Information correct as on 1 June 2024.