Savings
You save to meet different needs, be it to prepare for rainy day, dream vacation or kids' education fund. No matter what your commitments are, it is crucial for you to choose the right plan to start growing your nest.
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Together we cover you at every step of your life
Universal Life is a non participating insurance protection plan which provides you the flexibility in choosing your preferred protection level. The plan comes with two protection options, namely Option 1 for level protection, whilst Option 2 for increasing protection. In addition, the plan also offers guaranteed interest and lifetime coverage till age 100.
Universal Life offers you the following benefits:
Death Benefit
Upon the death of the insured, death benefit payment will be paid depending on the option chosen as follows:
Option 1 – Level Death Benefit
Current Specified Amount on the date of death; or Accumulation Value on the date of death, whichever is higher and after deducting any indebtedness.
Option 2 – Increasing Death Benefit
Current Specified Amount plus the Accumulation Value on the date of death after deducting any indebtedness.
Total and Permanent Disability Benefit
Depending on the nature of disability, disability payment will be payable to you either in one lump sum or 10% of the sum assured for the first two years, followed by the remaining 80% in third year.
No Lapse Privilege
During the first ten policy years, your basic policy will not lapse in any given policy month provided that the total Planned Periodic Premium plus Unscheduled Additional Premium paid are not less than the sum of the required No Lapse Privilege monthly premiums up to and including the current month, any partial withdrawals made, total loan amount outstanding and any net rider premium deductions made. The No Lapse Privilege will not apply to a reinstated policy.
Accumulation Value
This plan provides you non-guaranteed Accumulation Value which a crediting rate of no less than 2% per annum will be credited monthly.
Comprehensive choices of Optional Benefits
You can enhance your plan by choosing from our broad range of optional benefits such as critical illness benefit, hospitalization and surgical benefit, accident benefit, disability income benefit as well as female illness benefit.
Important: This is purely a product summary. Please refer to policy contract for further details.
| Entry age | 4 weeks old to 65 years old |
|---|---|
| Minimum Sum Assured | RM100,000 |
| Premium Paying Duration | Payable up to age 100 or prior to the death of insured, whichever is earlier |
Married with two kids aged 2 and 6, 39 years old Siva understands the necessity of getting insurance protection.
To fulfill the financial obligations of his entire family, he needs a plan with an increasing protection level whilst getting older and his children are growing up. It is even better if the plan provides guaranteed returns at the same time.
To Siva, Universal Life plan is the solution for him, offering both the increasing protection and guaranteed returns.