Ez Protect

High Coverage at
affordable premium
as low as RM250 only

TCAPM EZ Protect

TCAPM EZ Protect provides protection through Car Life Secure insurance plan underwritten by Hong Leong Assurance Berhad (HLA)

1	Single Premium : Pay a one-time premium for coverage up to 9 years
2	Coverage for your Car Loan: Benefit paid to settle your car loan in the event of Death/Total Permanent Disability and your beneficiaries may keep the car!

What is this plan about?

HLA Car Life Secure is a single premium insurance plan with term up to 9 years, designed for your car loan protection in the event of Death or Total Permanent Disability (TPD). The Sum Assured reduces over the coverage period.

In short, we will take care of your Toyota Capital Financing in the event of uncertainty with an affordable premium from as low as RM250 only.

Features & Benefits of this plan

Security

In the event of Death or TPD, 100% of your prevailing sum assured will be payable. This amount can be used to offset the outstanding loan, and will help relieve the financial burden on your loved ones. The TPD Benefits will be paid in accordance with the TPD provision.

Affordable Premium

Just pay a single payment and you are protected for the entire tenure of your policy.

24-hour Worldwide Protection

Protection in the event of death or TPD of the life assured is 24 hours, 365 days. HLA Car Life Secure insurance is also not restricted to residence, occupation or travel, and is subject to exclusion of the benefits.

Easy Application

No medical examination required for minimum coverage from RM25,000. For loan not exceeding RM250,000, just answer 4 simple Health Questions to get protected.

Single Premium with Flexible Insurance Coverage

You have the flexibility to select a policy term from 1 to 9 years to match your loan tenure.

Terms & Conditions

	Minimum	Maximum
Age of Entry	18	60
Policy Term	1 year	9 years
Sum Assured	RM 25,000	Approval is subjected to underwriting

Age	Toyota - Estimated Insurance premium (RM) with an average net loan of RM95,000
Tenure	1	2	3	4	5	6	7	8	9
18-35	133	190	256	323	399	446	522	589	665
36-40	161	247	342	427	541	646	760	902	1,035
41-45	228	351	484	627	788	950	1,130	1,330	1,539

Age	Perodua - Estimated Insurance premium (RM) with an average net loan of RM44,000
Tenure	1	2	3	4	5	6	7	8	9
18-35	61	88	118	149	184	206	242	272	308
36-40	74	114	158	198	250	299	352	418	479
41-45	105	162	224	290	365	440	523	616	712

Above premium is subject to underwriter approval.

Personal tax relief is subject to your eligibility and approval from the Inland Revenue Board of Malaysia.

This product is underwritten by Hong Leong Assurance Berhad, an insurer licensed under the Financial Services Act 2013 and regulated by Bank Negara Malaysia. Toyota Capital Malaysia Sdn Bhd is an appointed intermediary of Hong Leong Assurance Berhad.

(i) Free Look Period

This policy may be cancelled by you by giving a written notice to the Policy Owner (TCAPM ÃÂÃÂÃÂÃÂ¢ÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂ Toyota Capital). The notification is to be done to Hong Leong Assurance Berhad (HLA) within 15 days from the date delivery of the policy to the Policy Owner. HLA will refund the premium paid without interest and any applicable tax after deducting any medical expenses which may have been incurred.

(ii) Important disclosure

You must disclose all material facts such as medical condition and state your age correctly. A nondisclosure of actual medical condition or did not provide full, complete, and true answers in the application/ proposal form may result in HLA avoiding any policy which may be pursuant to the proposal, rejecting or reducing the amount of any claim under such policy or changing the terms of such policy. Please be informed that you also have the option to purchase commission free life insurance products directly from Hong Leong Assurance Berhad.

(iii) All applications are subject to underwriting approval.

(iv) Please note that the list of FAQ is non-exhaustive. Please refer to HLA for the full list of exclusions under the policy.

(v) Customers can obtain more product information regarding the TCAPM EZ Protect product, and can lodge a complaint or make a claim at cs@toyotacapital.com.my or customerservice@hla.hongleong.com.my.

Disclaimer

The information provided on this page is not a contract of insurance. The descriptions of cover are a brief summary for quick and easy reference. The precise terms and conditions that apply are in the policy document.

Hong Leong Assurance Berhad is a member of PIDM. The benefit(s) payable under eligible product is protected by PIDM up to limits. Please refer to PIDM's TIPS Brochure or contact Hong Leong Assurance Berhad or PIDM (Visit www.pidm.gov.my)

Secure your car loan with TCAPM EZ Protect

Interested? Please scan the QR code or click here for WhatsApp or submit your contact details in the form below for more information. We will contact you as soon as possible.

Alternatively, you may call to 03-2727 8880 for more information.

Thank you for your interest in our product.

TOYOTA CAPITAL MALAYSIA
INFORMATION CONFIRMATION FORM

Frequently Asked Questions

1. Is this a regular premium insurance plan
No, it is a single (one-time payment) premium plan which provides coverage for your whole loan tenure.

2. If I was hospitalized due to Covid previously, am I still eligible to purchase this insurance?
We shall update the underwriter, HLA and the eligibility is subject to underwritting based on your health declaration upon submission.

3. How much should I insure? Can the Sum assured be higher than my car value or outstanding loan? How much will the insurer compensate in the event of death of TPD?
It is advisable to have a coverage which is higher than your outstanding loan (balance + total interest charged) to ensure that the claim payout is sufficient to offset your outstanding loan amount and your beneficiary(ies) may also receive the excess (if any) upon the settlement.

4.What if my application is rejected by HLA due to unforeseen circumstances and I had paid the insurance premium?
We will refund the premium to you within 14 days after received notification of rejection from HLA.

5. If the policy is terminated/canceled earlier than the actual policy term, will there be a refund of cash surrender value?
Yes, there will a refund accordance to the estimated amount in sales illustration provided to you. IBG form is pre-signed at the beginning of the proposal form.

6. Can the policy term and sum assured be changed?
Both items are not allowed to change once the enforcement of the policy.

7. How many beneficiary(ies)/nominee(s) are allowed in the nomination form?
Three (3). A nominee of a Muslim policy owner upon receipt of the policy moneys shall distribute the policy moneys in accordance with Islamic law.

8. What happen when I early settled my HP loan, will the insurance policy be terminated?
The moment your hire purchase loan is settled, the insurance policy will be surrendered to HLA. Reason being your loan liability with TCAPM is already settled.

9. In the event of death or TPD happened to me, what will happen?
At the beginning of the proposal / application form, you will sign the nomination form for our safekeeping. In the event of unfortunate happening of death or TPD, you or your nominee will need to inform and submit the following documents to us for HLA to process the claim; Kindly note that on case-to-case basis, the claim processing may require some time and the turnaround can vary: -
i. Death/Living claim Application Form
ii. Death Certificate
iii. Policy Certificate
iv. Loan Agreement to confirm the outstanding loan amount at date of death
v. Copy IC of Life Assured (For TPD Claim)
vi. Medical Attendance Report on Total Permanent Disability (For TPD Claim)

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