Automatic Premium Loan is the utilisation of the Cash Value of your policy to keep your policy active.

The way it works

If no premium is paid after the grace period is over, a policy that has acquired a Cash Value will be kept active through the Automatic Premium Loan (APL) Provision.

This means that the Cash Value will be used as a temporary means to pay for the premiums in default and thus keep the policy active.

This will continue till either the Cash Value of your policy has been exhausted or you have paid the outstanding dues. During this period, your policy will still be active and you can enjoy its benefits.

This process will be done automatically by our systems. An APL notice will be sent to you to advise on the APL amount and interest charged.

Interest is chargeable once the APL Provision is activated. As such, early repayment of the APL is encouraged. The current rate being charged is 8% per annum, compounded annually.

Repayment of loan

Repayment can be made during the APL period, preferably in multiples of the Instalment Premium plus interest. Payment can be made by:

  1. Over-the-counter at any Maybank branch

    Fill up the Bank in slip (Form CA97)
    For the payee account number should be: 514011 364906 (Etiqa's Account)
    Under the "Transaction Description Column", please indicate your name
    Under the "Reference No. Column", please indicate the policy number

  2. Cheque, to be mailed to Etiqa Insurance at:

    Etiqa Insurance Berhad
    Dataran Maybank
    1, Jalan Maarof
    59000 Kuala Lumpur

Need more info or help?

Call our Customer Care Department at 1-800-88-3117 (toll free)

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