CONVENTIONAL INSURANCE

What Is KOPHAYAT?

  • Kophayat is KoperasiBank’s Group Insurance Scheme which is underwritten by Zurich Insurance Malaysia Berhard ( formely under Malaysian Assurance Alliance Berhad (MAA)).
  • Kophayat is open to all employees within the Financial Sector.
  • Non members may subscribe to the scheme.
  • Kophayat is also extended to spouse and children age 4 to 18, 23 if the child is still studying.
  • Kophayat provides a maximum coverage up to age 65.
  • You may terminate the policy whenever you chose to. All you need to do is surrender the policy and you would be paid the Accumulated Cash Benefit by Zurich.
  • You can continue with policy even if you have resigned from your present job or retired. Just continue paying the monthly premium to KoperasiBank.
  • If retrenched you may enjoy continuity of cover for 3 months provided the policy has been in force for 3 years.

What are the advantages of taking Kophayat;

  • Minimum Cost Maximum Returns.
  • Common Premium rate irrespective of age or gender.

What Does The Scheme Provide?

  • Financial protection in the event of Death or Total & Permanent Disability (TPD) due to natural causes.
  • DOUBLE compensation in the event of Death or Total & Permanent Disability (TPD) due to accidental causes.
  • If diagnosed with any of the 36 Critical Illness. FULL payment of Insured Amount + Accumulated Cash Benefit (ACB).
  • Daily Hospitalization Allowance = Monthly Premium (RM) x Number of days in hospital due to illness or accident.
  • In the event of death, Funeral Expenses = Monthly Premium (RM) x 100.
  • Accumulated Cash Bonus (ACB) paid on;
    • Retirement
    • Termination of Policy
    • Death
    • Total & Permanent Disability
  • 24 Hours worldwide protection.
  • INCOME TAX relief !

( A )

Monthly Contribution & Coverage
Monthly Premium Natural Death Accidental Death Total & Permanent Disability (Natural) Total & Permanent Disability (Accidental) Critical Illness (36 Diseases) Funeral Expenses Daily Hospital Allowance
(RM) (RM) (RM) (RM) (RM) (RM) (RM) (RM)
20 22,000 + ACB 44,000 + ACB 22,000 + ACB 44,000 + ACB 22,000 + ACB 2,000 20
30 33,000 + ACB 66,000 + ACB 3,000 + ACB 66,000 + ACB 33,000 + ACB 3,000 30
40 44,000 + ACB 88,000 + ACB 44,000 + ACB 88,000 + ACB 44,000 + ACB 4,000 40
50 55,000 + ACB 110,000 + ACB 55,000 + ACB 110,000 + ACB 55,000 + ACB 5,000 50
100 110,000 + ACB 220,000 + ACB 110,000 + ACB 220,000 + ACB 110,000 + ACB 10,000 100
150 165,000 + ACB 330,000 + ACB 165,000 + ACB 330,000 + ACB 165,000 + ACB 15,000 150
200 220,000 + ACB 440,000 + ACB 220,000 + ACB 440,000 + ACB 220,000 + ACB 20,000 200
250 275,000 + ACB 550,000 + ACB 275,000 + ACB 550,000 + ACB 275,000 + ACB 25,000 250
300 330,000 + ACB 660,000 + ACB 330,000 + ACB 660,000 + ACB 330,000 + ACB 30,000 300
350 385,000 + ACB 770,000 + ACB 385,000 + ACB 770,000 + ACB 385,000 + ACB 35,000 350

* ACB – Accumulated Cash Benefit

( B )

36 Critical Illnesses
1 Alzheimer's Disease 13 Deafness 25 Multiple Scelerosis
2 Apallic Syndrome 14 Encephalitis 26 Muscular Dystrophy
3 Aplastic Anaemia 15 Full Brown AIDS 27 Occupationally Acquired HIV Infection
4 Bacterial Meningitis 16 Fulminant Viral Hepatitis 28 Other Serious Coronary Artery Disease
5 Benign Brain Tumour 17 Heart Attack (Myocardial Infarction) 29 Paralysis
6 Blindness 18 Heart Valve Replacement 30 Parkinson's Disease
7 Brain Surgery 19 HIV Infection Due To Blood Transfusion 31 Poliomyelitis
8 Cancer 20 Loss Of Speech 32 Pulmonary Arterial Hypertension
9 Chronic Liver Disease 21 Major Burns 33 Renal Failure
10 Chronic Lung Disease 22 Major Head Trauma 34 Stroke
11 Coma 23 Major Organ Transplantation 35 Surgery of the Aorta
12 Coronary Artery Surgery 24 Motor Nuerone Disease 36 Terminal Illness

( C )

Accumulated Cash Benefit
End Of Policy Year Annual Contribution (Rm) Cumulative Contribution (Rm) Accumulated Cash Benefit
(RM) (%)
3 600 1,800 985 55
5 600 3,000 1,743 58
10 600 6,000 4,077 68
15 600 9,000 7,1199 80
20 600 12,000 11,377 95
25 600 15,000 16,696 113
30 600 18,000 24,452 136
35 600 21,000 34,465 164
40 600 24,000 47,866 199

Note:

1) The Accumulated Cash Benefit (ACB) is for illustration purpose only and is not guaranteed

2) The actual ACB that would be paid may be more or less, depending on the ages of the members, Claims and investment results experienced by the scheme.

S.No Attachment
1 MAA Insurance Proposal Form
2 Consent for Salary Deduction

(Note: Click to view and download the pdf. Must have adobe reader to view the pdf.)

What's New

  • "KOPERASIBANK GIVES BACK" KoperasiBank’s social initiative was to give back to society.
  • Suruhananjaya Koperasi Malaysia (SKM) had approved the incorporation of three (3) subsidiary companies under subsection 19.1 Akta Koperasi 1993.
  • KoperasiBank had sold Burger King outlet, Desa Sri Hartamas back to Cosmo Restaurant Sdn Bhd.
  • KoperasiBank held its 30th Annual General Meeting at Hotel Istana, Kuala Lumpur City Center, on 3rd of June 2016 at 7 p.m