Merchantrade Insure Life
Secure your next generation’s future now / Protect your loved ones future with life insurance.
Has someone passed away and left the family with mounting debt on funeral cost, expenses, and emergency fund? Sounds familiar? Take care of your family even after you’ve passed on.
Get yourself covered today with Merchantrade Insure – Life
What you get with this insurance plan:
- Up to RM20,000 claim in the event of death
- No medical checkup
- Seamless cover with all digital purchase
- Provide 24 hours worldwide protection
- Fastest payout – 5 working days
How much does it cost you? We’ve got flexible plans for you.
Plan A
Premium To Pay
RM22/yearly
Coverage Amount
- Death RM8,000
- Death due to Specific Illnesses RM16,000
- Buy Now
Plan B
Premium To Pay
RM50/yearly
Coverage Amount
- Death RM20,000
- Death due to Specific Illnesses RM40,000
- Buy Now
Plan C
Premium To Pay
RM12/yearly
Coverage Amount
- Death RM4,000
- Death due to Specific Illnesses RM8,000
- Buy Now
Going for a short trip and want to be protected in case of emergencies?
No problem! We got monthly plan for you!
Plan D
Premium To Pay
RM5/monthly
Coverage Amount
- Death RM20,000
- Death due to Specific Illnesses RM40,000
- Buy Now
Frequently Ask Question (FAQs)
Yes. This plan offers to citizen of Malaysia, permanent resident of Malaysia, foreigner holding a valid working permit and currently is working in Malaysia, and registered refugees with United Nations High Commissioner for Refugees (UNHCR) card. We can even remit the Basic Sum Assured to your nominee living outside of Malaysia.
Healthy people between age 18 last birthday to age 60 last birthday.
This plan is renewable up to age 65 last birthday, expiry at age 66 last birthday.
Yes! It covers death due to all causes be it accident or sickness.
It comes under Perlindungan Tenang – the national initiative to provide simple and affordable insurance. Learn More
Yes. If you decide not to take up the policy, you may cancel the policy within 15 days from the delivery of the policy, and you’ll get a refund of premium paid without interest. If you cancel the policy after 15 days from the delivery of the policy, no premium will be refunded and there is no surrender value for the policy.
This plan will not cover any death caused directly or indirectly, wholly or partly, by any of the following occurrences:
- Any unlawful act or willful exposure to danger (other than in an attempt to save human life), intentional self-injury, suicide or attempted suicide, while sane or insane.
- Declared or undeclared war or any act thereof, invasion, act of foreign enemy, hostilities, civil war, rebellion, revolution, insurrection, exercise of military or usurped power.
- Riot and civil commotion where the life assured are actively participating.
- Pre-existing Condition within 6 months from the policy effective date.
Pre-existing Condition shall mean disabilities that the Life Assured has reasonable knowledge of before the policy effective date. The Life Assured may be considered to have reasonable knowledge of a pre-existing condition where the Life Assured’s condition is one for which:
(a) The Life Assured had received or is receiving treatment; or
(b) Medical advice, diagnostic evidence, care, or treatment has been recommended; or
(c) Clear and distinct symptoms are or were evident; or
(d) Its existence would have been apparent to a reasonable person in the circumstances.
Perlindungan Tenang Voucher
For Bantuan Prihatin Rakyat
(BPR) Recipients Only
Claim the RM75
Perlindungan Tenang Voucher
For Bantuan Prihatin Rakyat
(BPR) Recipients Only
Underwritten by
Member of PIDM
MCIS Insurance Berhad is licensed under the Financial Services Act 2013 and regulated by Bank Negara Malaysia.
An Initiative by
