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Death, Total and Permanent Disablement or Critical Illness
In the event of your death, total and permanent disablement or critical illness, we will pay off your CIMB CashLite Loan and/or Credit Card balance, with up to S$80,000 or 2.4 times your credit limit, whichever is lower. After deducting your outstanding balance, we will give back any remainder of the insurance payout to you or your estate in cash.
Total and Temporary Disablement
If you are unable to work due to total and temporary disability for a continuous period of at least 30 days, we will cover the minimum amount due on your nominated account.
High benefit payout
The total benefit payout is capped at S$80,000 or 2.4 times of your credit limit, whichever is lower.
Pay as you use
Pay a total of S$0.36 for every S$100 of your outstanding balance. Your outstanding balance is the sum of the closing balance, including unbilled installments. The charges will be billed to your credit card statement.
No charge will be billed if there is no closing balance for that month.
Waiver of premiums
Waiver of premiums in the event of total and temporary disablement after you suffer from total and temporary disablement for a continuous period of at least 30 days, and for the period that you are receiving total and temporary disablement benefit payments.
How Do I Make A Claim
Important Notes & Disclaimer