Policy Loan is a special benefit provided to you and is applicable for a policy that has acquired a Cash Value.

It is only recommended to be used in the event of an emergency, as an interest rate of 8% per annum, compounded yearly, is chargeable for all Policy Loans.

For every RM1,000 of loan applied or part thereof, there will be a stamping fee RM5.00 on Policy Loan Agreement ( or at prevailing rate at point of application), subject to a minimum charge of RM10.00 per loan.

The minimum loan amount allows is RM500.00 and the maximum loan is up to 90% of the policy's Cash Value.

To apply

To apply for a Policy Loan, the following documents are required:

  • A completed Application for Policy Loan duly signed by policyowner, trustee(s)/Assignee (if any) and witnessed (Download PDF form)
  • Return of Original Policy Document

Repayment of loan

  1. Over-the-counter at any Maybank branch
    • Fill up the Bank in slip - use the MLA 3 bank-in-slip with preprinted Mayban Life's Name and Account No or CA 97 bank-in-slip, if the transaction is done at Maybank branch
    • For payee's name, please fill in Mayban Life Assurance Bhd
    • For payee account number, please fill in 514011-364906
    • Under the 'Transaction Description' column, please indicate your name
    • Under the 'Reference No' column, please indicate your Policy Loan Number (it is essential to indicate the Policy Loan Number when making Policy Loan repayment. Please contact our Customer Care Personnel if you do not have the Policy Loan Number with you.)
  2. Cheque, to be mailed to Etiqa Insurance Berhad at:

    Policy Services Department
    Dataran Maybank
    18th floor , 1 Jalan Maarof
    59000 Kuala Lumpur

Please indicate on the reverse of your cheque the following details:

Repayment for Policy Loan
Policy Loan Number: (Policy Loan Number)
Policy No: (Policy Number)
Name: (Policyholder Name)

Need more info or help?

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

Please fill in the following details and we will be in touch to assist you with your application.
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