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5 Best Term Life Insurances in KL & Selangor [2023]

Term Life Insurance KL Selangor 

Term Life Insurance KL Selangor 
Best Term Life Insurance KL Selangor 

Term life insurance is a type of life insurance that covers you for the period of time specified in the policy. It does not cover your family or dependents, but it can be less expensive than other types of coverage because it has no cash value and one does not need to worry about paying premiums until they die. This article will show you 5 Best Term Life Insurances in KL & Selangor so that you can choose which is right for you!

1. Great Term Direct

Great Term Direct  - Term Life Insurance KL Selangor 
Great Term Direct – Term Life Insurance KL Selangor (Credit: Great Term Direct)

If you choose the Great Term Direct plan, you may be insured until age 80 with one of the finest term life insurance in Malaysia.

You may guarantee your loved ones the greatest comfort and security with customized insurance plans. Here is how they work: When you die, your beneficiaries receive an amount of up to RM5,000 from the basic sum assured right away to help cover costs. The remaining amount should arrive soon after.

This is the best term life insurance in Malaysia, which also provides your family’s financial stability in the event of sickness. You will get your entire basic sum assured if you are disabled before you reach age 65.

The best thing is that it is easy to apply for Great Term Direct. You’ll only need to answer a few health-related questions. There is no medical exam required.

Key Differentiators:

  • You may be covered under your parent’s insurance policy until you reach the age of 80.
  • Before you reach age 65, you’ll be able to receive your complete basic sum insured if you’re disabled for the rest of your life.
  • No medical exam required

2. Ezy-Life Secure Insurance

Ezy-Life Secure Insurance  - Term Life Insurance KL Selangor 
Ezy-Life Secure Insurance – Term Life Insurance KL Selangor (Credit: Ezy-Life Secure Insurance)

The Ezy-Life Secure is the greatest term life insurance in Malaysia for individuals who are looking for low-cost, simple, and straightforward protection.

It’s cheap and adaptable, with competitive death or total and permanent disability compensation that is tailored to your needs.

The longer you wait to get life insurance, the more expensive it becomes. The term of your policy may be chosen from 5 to 80 years before your 80th birthday.

You may also pay your premiums monthly or yearly, in addition to the stated above. This is the ideal term life insurance policy for people aged 16 to under 60 years old. There is no medical examination required for those aged 16 and under.

Key Differentiators:

  • It’s simple, quick, and inexpensive.
  • Death or total and permanent disability benefits
  • Premium remains constant
  • Choose your plan’s tenure

3. ManuTerm

ManuTerm  - Term Life Insurance KL Selangor 
ManuTerm – Term Life Insurance KL Selangor (Credit: ManuTerm) 

ManuTerm is one of the most popular term life insurance providers in Malaysia, with death and total and permanent disablement coverage available at reasonable rates.

You may also add extra coverages to your term life insurance, such as income benefit and accidental coverage.

The nicest feature of this Manulife best term life insurance in Malaysia is that you have the option to extend or convert it to another permanent plan. Both can be done without providing a proof of insurability.

Key Differentiators:

  • Premium pricing is competitive.
  • Both income and accidental benefits, as well as critical illness discounts.
  • Option to convert to any permanent plan from Manulife

4. PRUTerm

PRUTerm  - Term Life Insurance KL Selangor 
PRUTerm – Term Life Insurance KL Selangor (Credit: PRUTerm) 
  • Key Services: Life Insurance
  • Website: https://www.prudential.com.my/en/
  • Address: Ground Floor, Menara Prudential, Persiaran TRX Barat, 55188 Tun Razak Exchange, Kuala Lumpur 
  • Phone: +603 2778 3888; +603 2771 0228
  • Email: customer.mys@prudential.com.my
  • Operating hours: Monday – Friday: 8:30am to 5:15pm (excluding public holidays)

PRUterm gives total and permanent disability coverage, as well as death protection, before the policy anniversary of age 60 or the expiry of the policy.

For this best term life insurance in Malaysia, the premium is due throughout the coverage period of 5 years or between 10 and 70 years less the issue age.

With a minimum payment of RM10,000 and a maximum depending on underwriting, the insured or their family is assured of at least that much.

You may also add important illness, medical, accident, and other riders to this top-rated term life insurance in Malaysia to meet your specific requirements.

Key Differentiators:

  • Death coverage
  • Total and permanent disability coverage before policy anniversary of age 60 next birthday or policy expiry
  • Premium payable throughout the coverage term
  • RM10,000 minimum sum assured
  • Available critical illness, medical, and accident riders

5. eLife Protector+

eLife Protector+ - Term Life Insurance KL Selangor 
eLife Protector+ – Term Life Insurance KL Selangor (Credit: eLife Protector+)
  • Key Services: Life Insurance
  • Website: https://www.axa.com.my/
  • Address: Customer Service Centre, Ground Floor Wisma Boustead, 71 Jalan Raja Chulan, 50200 Kuala Lumpur, Malaysia
  • Phone: 1300-88-1616
  • Email: customer.care@axa-life.com.my
  • Operating hours: Mon to Thu: 8.30am-5.30pm, Fri: 8.30am-5.00pm (excluding public holiday)

AXA’s eLife Protector+ is the finest term life insurance in Malaysia if you want to buy term life insurance online.

As a result, if your loved ones become disabled before they reach age 70 or die, you may receive a lump sum of up to RM500,000 or total and permanent disability benefits. The lump sum can also be increased by 100% in the case of accidental death for each individual, reaching a maximum of RM2,000,000 per person

Furthermore, this best term life insurance in Malaysia is automatically renewed yearly up to age 75 if premiums are paid on time.

This form of life insurance, while providing a number of advantages, does not entail any medical testing. All you have to do is fill out four surveys on the internet.

Key Differentiators:

  • Up to RM500,000 lump sum upon death or total and permanent disability
  • Up to RM2,000,000 lump sum in case of accidental death
  • Automatically renews yearly

Term Life Insurance KL Selangor 

While there are many different forms of term life insurance, you’ll want to carefully compare your options before making a decision on which type suits your needs best. We hope our above provided information has been helpful in guiding you towards the right path and will be happy to answer any questions that arise along the way!

Since you have made it to the end, it would be great if you could check out our awesome articles that we have written for you! Maybe, it will help you add more fun to your daily lifestyle.