We offer pure life insurance that protects you.

Term Life Cover

Term Life Cover

Our seriously simple term life insurance policy.

Our Life Cover policy relieves your loved ones’ financial burden if you die or become permanently disabled. It pays out a lump sum amount, known as the sum assured, to your family in the event of your death or total and permanent disability.

If you die due to accidental causes, with our Term Life policy, your family will receive twice the sum assured.

Huge coverage, affordable prices.

As a pure protection plan, you’re getting great coverage at affordable prices. Get up to RM1,000,000 cover, the highest amount of coverage one can buy online in Malaysia, or even RM100,000 cover, without needing a medical check-up.

Note the maximum sum assured offered to you may be different depending on your profile and circumstances.

A pure protection policy.

Premiums are affordable because Fi Life’s Term Life Policy is a pure protection policy. This means:

  • There is no cash back or surrender value to your policy
  • There is no savings or investment component
  • It is a pure form of insurance, a payout happens only if death or total and permanent disability occurs.

Premiums can be fixed or variable (your choice).

You have a choice of premiums that are either fixed for 10, 15, 20, 25 or 30 years (popularly known as a level term policy), or premiums that increase slightly every year according to your age (popularly known as a yearly renewable term (“YRT”) policy). YRT policy premiums are usually cheaper in the beginning, but renews at a slightly higher premium every year as you get older.

Which is more suitable depends on your personal preference. Do you prefer the security of knowing that your premiums will be fixed for the next few years? Then the fixed premium level term policy is for you. But if you feel that you’d rather pay less in the beginning, but renew at a slightly higher rate every year as you earn more, then a YRT policy is more suitable for you.

On our website, you can get a side-by-side quote for both the level term policy and the YRT policy. You can view your future yearly premiums for the duration of the YRT policy.

Get enduring coverage.

For YRT policies, provided you continue paying premiums throughout and your policy is in force, you are covered against death till you’re 80 years old, and against total and permanent disability until you’re 70.

For the level term policy, your policy will cover you for a period of either 10, 15, 20, 25, or 30 years, at your own choosing. Which term you choose depends on your circumstances. Someone with a 25 year mortgage might like to choose a 25 year term, another person with a 10 year old child might prefer to choose a 15 year term, as the child is likely to earn her own income and be independent by the time she’s 25.

Find out more.

Critical Illness

Critical Illness Add-on

Accelerated 25% pay-out if Critical Illness Diagnosed.

When purchasing our Term Life Cover, you may be eligible to purchase a Critical Illness Add-On for a small additional premium.

If you choose to purchase this add-on, you will be paid 25% of your life coverage in advance if you are later diagnosed with one of the defined Critical Illness, specifically, Cancer, Stroke, Heart Attack or Coronary Artery Bypass Surgery.

The purpose of this Critical Illness Add-On is for you to have some cash support to deal with your critical illness e.g. funds for medical treatment or to support your family whilst you are undergoing medical treatment or recuperating.

An example:

Say you purchase a Critical Illness Add-On of 25% together with your Term Life policy of RM1,000,000. If you are later diagnosed with a Critical Illness, the policy will pay you 25% or RM250,000 first out of your Term Life policy sum assured of RM1,000,000. Your Term Life policy will continue to be in force and sum assured will be reduced to RM750,000 with the remaining payable upon your death or total and permanent disability.

Get cover for a fixed term, or up to 70 years old.

Provided you continue paying premiums throughout and your policy is in force, if you add the critical illness cover to your level term policy, you will be covered for critical illness for the duration of the policy or until you’re 70 years old, whichever is earlier.

If you add critical illness cover to your yearly renewable term policy, you are covered against critical illness until you’re 70 years old.

Find out more.

  • What counts as a Critical Illness? You can find the exact definitions here.
  • Prefer to read the fine print? View the Product Disclosure Sheet (Yearly Renewable Term / Level Term) for Life Cover with Critical Illness Add-on.

Accidental Death Cover

Personal Accident Cover

If you don’t qualify for Life Cover, there is one more option.

We may offer Accidental Death cover if you aren’t eligible for our Life Cover. It pays out:

  • Up to RM100,000 if you die due to an accident, or become Totally or Permanently Disabled (TPD) due to an accident.
  • Up to RM20,000 if you die due to non-accidental causes after the first two policy years.

Get covered till you’re 75.

Provided you continue paying premiums throughout and your policy is in force, you are covered against accidental death until you’re 75 years old.

Find out more

Want to read the fine print? View the Product Disclosure Sheet.

Premium Payments.

We accept premium payment via debit cards and credit cards issued in Malaysia only. You may select monthly, quarterly, half-yearly and annual payment.


Nature of ClaimExclusions
DeathSuicide (within one year of policy issuance or reinstatement, whichever is later)
Total and Permanent Disability
  • Self-inflicted injury
  • War, strikes, civil war
  • Inhalation, absorption or administration of poison, gas, fumes
  • Consumption of alcohol or drugs beyond legally permissible limits
  • Whilst committing a felony
  • Service in police, military, navy or air force
  • Participation in any kind of racing
  • Operating aerial conveyance (except flying scheduled airlines)
  • Pre-existing illness
Accidental Death

Note: This list is non-exhaustive. Please refer to the policy contract for the full list of exclusions under this policy.


You are eligible for a Term Life policy if you:

  • are between 18 and 64 years old as of your last birthday
  • are a Malaysian citizen
  • currently reside in Malaysia (you are also eligible if you currently reside in Brunei, Singapore, USA, Canada, UK, Ireland, Australia, New Zealand, Hong Kong, Japan or Taiwan but you need to have a Malaysian residential address)
  • have a Malaysian debit or credit card; and
  • are able to send us a copy of your Malaysian IC on our website, or via email.