Peace of Mind to Grow Your Business
Owning a business is one of your biggest achievement in life. In most cases, a loan is obtained to fund the required capital to start a business. That's why you need to protect what you started in order for your business to become a lasting empire. Our PB-ING Business Loan Assurance enables you to do just that, freeing you to expand your business year after year.
How Can PB - ING Business Loan Assurance Help You?
- Loan Settlement
In the event of death or permanent total disability, your sum insured will be used to settle your outstanding loan.
- Non litigation issues
Your family or business partners will not have to deal with litigation issues relating to non-payment of loan.
- Anytime, anywhere
You are guaranteed protection no matter where you are , 24 hours a day.
- Freedom to grow
Innovate your entrepreneurship and grow the business knowing that whatever effort you invest into your business is protected.
- So flexible
You have the flexibility of protecting your term loan and / or overdraft facility by paying the premium in one lump sum or on a yearly basis.
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I) Single Premium Plans
There are two Single Premium Plans available :The Business Loan Decreasing Term Assurance (BLDTA) which covers commercial and business loans and the Business Loan Overdraft Level Term Assurance (BLOLTA) which covers business overdraft.
Premium payment for these plans are made in a single lump sum at the start of the loan term.
What Are The Benefits?
| Plan Options |
Sum Insured |
Death/Permanent Total Disability (PTD) |
Accidental Death |
| Business Loan Decreasing Term Assurance (BLDTA) |
As the loan outstanding reduces each year, so does the sum insured |
Lump sum payment according to the Schedule of Insurance |
An additional 10% of the sum insured according to the Schedule of Insurance or RM150,000, whichever is lower will be paid if death occurs within 90 days as a result of injury |
| Business Loan Overdraft Level Term Assurance (BLOLTA) |
Sum insured is unchanged, regardless of the loan outstanding |
Not applicable |
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II) Yearly Renewable Premium Plans *
There are two Yearly Renewable Premium Plans available :The Flexi-Business Loan Decreasing Term Assurance (FBLDTA) which covers business loans and the Flexi-Business Loan Overdraft Level Term Assurance (FBLOLTA) which covers business overdraft.
Premium payments for these plans are made once a year, and can be renewed every subsequent year until the loan term ends.
What Are The Benefits?
| Plan Options |
Sum Insured |
Death/Permanent Total Disability (PTD) |
| Flexi - Business Loan Decreasing Term Assurance (FBLDTA) |
As the loan outstanding reduces each year, so does the sum insured |
Lump sum payment of the sum insured |
| Flexi-Business Loan Overdraft Level Term Assurance (FBLOLTA) |
Sum insured is unchanged, regardless of the loan outstanding |
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*Premiums for the Flexi-Business Loan Decreasing Term Assurance(FBLDTA) and Flexi-Business Loan Overdraft Level Term Assurance (FBLOLTA) are not guaranteed and based on sum insured, premium rate, attained age, occupation and health condition of the Insured.
For more information, please call our toll-free number at 1-800-22-9999 or visit any of the Public Bank branches for more information.
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