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Enable business continuity and longevity.
Insure partners and personal estate from credit obligations.
| Type | Description |
| Keyman Insurance | • Mitigate any negative financial impact due to the loss1 of a key person (i.e. life insured); or • Compensates2 your business in the event of an unexpected loss1 to ensure business continuity and sustainability |
| Business Loan Protection | • Minimise sudden need for a new guarantor • Protects personal estate3 of the life insured that has been pledged as a collateral in the event of Death of the life insured • Help repay outstanding loan(s)4 |
| Type |
| Keyman Insurance |
| Business Loan Protection |
It safeguards your business against any loss1 of key personnel. The compensation issued can help to ensure business continuity and sustainability.
A Business Loan Protection protects the life insured's personal estate3 and business partners from any credit obligations in the events of an unexpected loss.
Specifically, the payout could help to repay the outstanding loan4, either in part or in full depending on the sum assured. It could also potentially protect the life insured's personal estate that was pledged as collateral for the outstanding loan.
The sum of compensation stated in the insurance policy contract will be issued by Prudential Assurance Malaysia Berhad (PAMB) and Prudential BSN Takaful Berhad (PruBSN)
An early termination could potentially involve paying high costs and any surrender value payable (if applicable).
The above is provided for general information only and is not a contract of insurance nor is it intended as an offer or recommendation with respect to the purchase or sale of the above product[s]. Full details of the terms, conditions and exclusions of these insurance products are provided in the applicable policy contract and will be sent to you upon acceptance of your application by our panel Insurance Company.
You may wish to seek advice from a qualified adviser before making a commitment to purchase the insurance product. In the event that you choose not to seek advice from a qualified adviser, you should consider carefully whether this product is suitable for you. United Overseas Bank (Malaysia) Berhad does not hold itself out to be an insurer, insurance broker or insurance agent.
The insurance products and services stated herein are provided by our Panel Insurance Company. While all information provided herein is believed to be correct and reliable at the time of publishing or posting online or, where applicable, printing, United Overseas Bank (Malaysia) Berhad makes no representation or warranty whether express or implied, and accepts no responsibility or reliability for its completeness and accuracy. All claims and liabilities arising from the purchased policies should be made with the respective insurance company.
1Loss refers to Death, Total and Permanent Disability (TPD) and/or Terminal Illness (TI). Please refer to the policy contract for the specific coverage under the policy.
2Compensation refers to the sum assured stated in the policy contract / takaful certificate issued by Prudential Assurance Malaysia Berhad (PAMB) and Prudential BSN Takaful Berhad (PruBSN).
3Applies to companies with sole directorship or guarantor(s) of the company/partner(s) of a partnership.
4Insurance payout may not fully repay the outstanding loan.
Protecting your business' biggest asset - your employees.
Protecting your business' biggest asset - your employees.
Protect your employees’ health and wellness with a flexible insurance plan customised to your needs.
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