Brochure: ExcelPay 30

More documents

Recommendations

Info

ExcelPay 30 1 ExcelPay 30 Packaged Endowment We strive to achieve financial freedom in life, and also provide our loved ones with a comfortable life. Introducing ExcelPay 30 (EP30), a packaged endowment plan, that provides a regular stream of income at the end of every 2 years and a lump sum maturity benefit at the end of 30 years. And it provides protection coverage from the unexpected as well. It is an ideal plan to fulfill the financial needs for yourself or your children. All it needs is 10 years of premium for 30 years of protection. What is ExcelPay 30 about? ExcelPay 30 is a packaged Endowment policy which consists of 70% of the total sum assured as non-participating (ExcelPay 30 – Non Participating) and 30% of the total sum assured as participating (ExcelPay 30 - Participating) that matures at year 30. The ExcelPay 30 – Non Participating plan pays Guaranteed Cash Payments (GCP) every two years from the end of 2 nd policy year onwards, while the ExcelPay 30 – Participating plan provides non guaranteed Annual Dividends 1 . BENEFITS What are the covers / benefits provided? This plan provides: • Death benefit - If the Insured dies before the Maturity Date, the total sum assured 2 and accumulated guaranteed cash payments of the ExcelPay 30 - Non Participating plan plus other accumulated cash dividends and terminal dividend (if any) of the ExcelPay 30 – Participating plan will be payable. • Maturity benefit - If your policy is in force and the Insured is then alive on the maturity date, the total initial sum assured and accumulated guaranteed cash payments of the ExcelPay 30 - Non Participating plan plus other accumulated cash dividends and terminal dividend (if any) of the ExcelPay 30 – Participating plan will be payable. • Total and Permanent Disability (TPD) benefit 3 - Upon total and permanent disability, you will receive a disability payment in one lump sum which is advanced from your total sum assured or 10% of the sum assured each of the first two years, followed by the remaining 80% in the third year, depending on the nature of the disability. • Guaranteed Cash Payments - Guaranteed periodical cash payments are payable at the end of every 2 years as supplementary income from the ExcelPay 30 - Non Participating plan. • Surrender/Terminal Dividend - This is a non-guaranteed dividend which may be payable when your policy ends -upon death, maturity or if you choose to surrender your policy. The surrender/terminal dividend is payable from the ExcelPay 30 – Participating plan. • Annual Dividends - These are non-guaranteed dividends that are determined annually by the company, which are payable on the Policy’s anniversary upon payment of the second full 1 Payable from Participating policy. Amount is not guaranteed and shall be determined by the investment and operational performance of the Company 2 The sum assured varies according to policy year. Please refer to the Schedule of Death Benefits which show the guaranteed death benefits for both EP30 – Participating plan and EP-30 – Non-Participating plan respectively. 3 For standard life
2 ExcelPay 30 year’s premium. Once allocated to your policy, you will have the option of withdrawing the cash dividend or leaving it with the company to grow with interest at a rate determined by the company. The annual dividends are payable from the ExcelPay 30 – Participating plan. Note: Please refer to the policy contract for full details of the benefit coverage. Is the death benefit guaranteed? Yes, the death benefit is guaranteed, and is payable according to the following Schedule of Death Benefit: ExcelPay 30 Non-Participating ExcelPay 30 Participating End of Policy Year Payable as a percentage of the basic sum assured End of Policy Year Payable as a percentage of the basic sum assured 1-6 100% 1-7 100% 7 102.5% 8 105% 8 112.5% 9 110% 9 130% 10 115% 10-11 145% 11-30 100% 12-13 135% - - 14-15 125% - - 16-17 115% - - 18-19 106.5% - - 20-30 100% - - Am I allowed to attach any riders to this plan? You have an option to further enhance your insurance protection by adding extra coverage 4 from our range of optional benefits including: 1) Waiver Of Premium Should you be diagnosed with one of the 35 Critical Illnesses as listed on the policy contract we will waive the future basic policy premiums for the portion covered by this rider when due. 2) Payor Benefit (PB), Payor Benefit On Critical Illness (PB-CI) Upon the payor’s death, total permanent disability or diagnosis of any of the 35 critical illnesses (if PB-CI rider is purchased) as listed in the rider’s policy contract before age 60 and before the child reaches age 25 and before expiry of the rider, future premiums for the basic policy that the rider is attached to will be waived and the company will keep the policy in force until the maturity of the policy. ELIGIBILITY Am I eligible to apply for ExcelPay 30? This plan is available to individuals of 4 weeks old to 55 years old; subject to the approval of our underwriters. 4 These benefits are made available subject to additional premiums. Please also note that there are applicable exclusions and limitations for these benefits as specified in the policy contract
Page 1: SAVINGS EXCELPAY 30 About AIA Bhd.
Page 5 and 6: 4 ExcelPay 30 End of Policy Year Pe
Page 7 and 8: 6 ExcelPay 30 TERMS & CONDITIONS Wh
Page 9 and 10: 8 ExcelPay 30 ExcelPay 30(EP30) Pak
Page 11 and 12: 10 ExcelPay 30 2) Manfaat Pembayar
Page 13 and 14: 12 ExcelPay 30 EXCELPAY 30 - TANPA
Page 15 and 16: 14 ExcelPay 30 PENGECUALIAN Apakah
Page 17 and 18: 16 ExcelPay 30 NOTA PENTING: Membel
Page 19 and 20: 18 ExcelPay 30

Brochure: ExcelPay 30

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?