You should apply for a Builder Express Account and purchase a 15-year MaxSave Gold policy (endowment plan).
The sum assured for your policy will depend on your lump sum and monthly savings amount, as shown in the table below.
Lump sum amount |
|||
|
RM15,000 |
RM35,000 |
RM55,000 |
Monthly savings amount |
Sum assured |
||
RM500 |
RM20,000 |
RM30,000 |
RM40,000 |
RM800 |
RM30,000 |
RM40,000 |
RM40,000 |
RM1,300 |
RM50,000 |
RM60,000 |
RM60,000 |
The monthly savings amount can be transferred to your Builder Express Account via:
Amount in account:
RM100,000 and below
Above RM100,000
2.85% a year
0.50% a year
Interest for the Builder Express Account is calculated daily and credited monthly.
for initial deposit
This deposit is an eligible deposit insured by Malaysian Deposit Insurance Corporation (PIDM). PIDM insures eligible deposits for up to RM250,000 per depositor per bank. The RM250,000 limit includes both the principal amount of a deposit and the interest / return. Islamic and conventional deposits are eligible for a separate coverage limit of RM250,000 each.
For more information, refer to the PIDM information brochures that are available at our counters or go to the website at www.pidm.gov.my.