We keep you covered as you play various roles in life - AIA
We keep you covered as you play various roles in life - AIA
We keep you covered as you play various roles in life - AIA
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6<br />
A Lady / A Elite Lady<br />
PREMIUMS<br />
5. How much premium (Cost of Insurance) do I have to pay<br />
The Cost of Insurance will be deducted from the value of <strong>you</strong>r units on a monthly b<strong>as</strong>is and may<br />
vary depend<strong>in</strong>g on the underwrit<strong>in</strong>g requirements. Below are some of the <strong>in</strong>dicative costs of<br />
<strong>in</strong>surance for female standard risk with RM100, 000 sum <strong>as</strong>sured:<br />
Annual Cost of Insurance (RM)* 400 515<br />
Age 25 Age 35<br />
A Lady 400 515<br />
A Elite Lady 805 920<br />
* Cost of Insurance for unit deduct<strong>in</strong>g depends on the atta<strong>in</strong>ed age when cost of <strong>in</strong>surance is<br />
deducted.<br />
Ple<strong>as</strong>e refer to the Sales Illustrations <strong>as</strong> provided by the agent if <strong>you</strong>r age, smoker status and<br />
health status are different from those illustrated above.<br />
You should satisfy <strong>you</strong>rself that this plan will best serve <strong>you</strong>r needs and that the premium<br />
payable under the policy is an amount <strong>you</strong> can afford.<br />
6. Are the premiums (Cost of Insurance) for these riders guaranteed throughout the entire<br />
policy duration<br />
The Cost of Insurance (premium) rates are not guaranteed and the Company reserves the right<br />
to revise the rates upon renewal. One of the possible factors contribut<strong>in</strong>g to an <strong>in</strong>cre<strong>as</strong>e <strong>in</strong> Cost<br />
of Insurance is claims experience.<br />
The possible factors contribut<strong>in</strong>g to premium revision and renewal above are not exhaustive and<br />
the Cost of Insurance rates may be reviewed under other justified circumstances. The Company<br />
will give n<strong>in</strong>ety (90) days’ prior notice <strong>in</strong> writ<strong>in</strong>g by ord<strong>in</strong>ary post to <strong>you</strong>r l<strong>as</strong>t known address <strong>in</strong><br />
the Company’s records if such revision takes place.<br />
P<strong>as</strong>t trends on <strong>in</strong>cre<strong>as</strong>es <strong>in</strong> Cost of Insurance rates do not necessarily reflect future trends.<br />
7. Can my premiums (Cost of Insurance) <strong>in</strong>cre<strong>as</strong>e <strong>as</strong> I age<br />
The cost of <strong>in</strong>surance charged will depend on <strong>you</strong>r atta<strong>in</strong>ed age when the cost of <strong>in</strong>surance is<br />
deducted.<br />
8. What is the premium payment term for A Lady or A Elite Lady<br />
The Cost of Insurance is deducted dur<strong>in</strong>g the premium pay<strong>in</strong>g period of the b<strong>as</strong>ic policy or until<br />
the Insured reaches age 70, whichever is earlier.<br />
9. Are the riders guaranteed renewable<br />
A Lady or A Elite Lady is renewable until the occurrence of any of the follow<strong>in</strong>g i.e.<br />
misrepresentation/fraud, late or non payment of Cost of Insurance, death of Insured, expiry of<br />
coverage period, benefit h<strong>as</strong> been claimed (where applicable), cancellation at the request of the<br />
policyholder and term<strong>in</strong>ation of the plan to which this rider is attachable (if applicable).<br />
FEES & CHARGES<br />
10. What are the fees and charges that I have to pay<br />
There are no fees and charges other than the Cost of Insurance payable.
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