What is Investment Linked life Insurance?
Investment-linked life insurance is paid on death, permanent disability or maturity of the policy. It even has a surrender value, where you get back a portion of your savings if you intend to terminate the insurance policy.
The AIA investment linked insurance in Malaysia also has a AIA Takaful Investment Linked Insurance plan. This investment linked life insurance policy plan is linked to investment funds run by professional fund managers to deliver higher returns. The best insurance investment plans with AIA include the AIA Infinite and AIA Signature Beyond product plans.
The investment-linked life insurance plan starts with a higher baseline coverage amount of RM500,000 and subject to a maximum of RM4 million without a medical checkup. And further can go on to any amount as you need, subject to underwriting.
Why do we need Investment Linked Life Insurance?
The policyholder gets their savings back once the term of the insurance expires during their lifetime. This is similar to a whole life insurance plan, except that it provides a significantly higher return on the premiums paid. And the premiums need only be paid for a certain period of time. Call us for further details.
This is a protection for your family. If the insured person dies or is disabled during the period this insurance policy is in force, then the listed beneficiary gets the sum assured. A company can use this policy for its keyman insurance plan. Maximum age covered is 100 years old.
The benefits of this policy are:
Covers funeral and related expenses
Financial security for the family to cover short term cash flow gaps
Cash returns on expiry of the policy
What is the coverage provided by Investment Linked Life Insurance?
This investment-linked insurance is a comprehensive and permanent life insurance plan. It covers death and total permanent disability (TPD) of the insured. The sum assured is payable subject to terms and conditions. It is a suitable plan to be used for a business keyman insurance policy.
AIA Bhd has two investment-linked life insurance plans. A-Life Signature Beyond and A-Life Infinite plans. Get in touch with us to understand the differences between these two plans. There is a flexibility to choose options and plans that make the best financial benefit for you
The participating age is from 18 to 70 years old. The insurance coverage is up to 100 years old. The coverage term for insurance premiums will vary according to the plans selected. These AIA plans have interesting optional benefits seldom seen elsewhere. For example, the maturity booster can boost the maturity benefit by 20% in value, and the signature boost can potentially increase it by up to 40%. These will depend on health programmes like joining AIA vitality.
The minimum sum assured is RM500,000. The maximum sum assured is subject to underwriting checks terms and conditions. If a conversion to another plan is required, please get in touch with us for the best advice on how to proceed. There could be additional declarations and underwriting terms and conditions.
The insurance premium paid will depend on the insured’s health status, age, and gender. Underwriting will be made once for the policy to determine the premium rates. The regular premium payment is best paid annually, but can also be paid monthly or quarterly if needed. Payments can be made with deductions from a credit card or other modes of payment.
As most people will want a return on investing in an insurance policy, an investment-linked life insurance plan is the best option if compared to the whole life and term insurance plans. This gives similar total life protection but with a better return on investment on expiry.
Contact our AIA Life Planning Advisor to get in touch with us and start your personal coverage or choose your plan now. Get covered correctly. Be advised correctly. Call today to be advised on the best insurance protection personalized for you. Or send us the form below on your interest.