What is the Allianz PayorCover all about?
When you add-on the Allianz PayorCover, the company will guarantee to pay the premium amount of your Allianz PowerLink insurance policy upon diagnosis of any specified 36 critical illnesses - that's right, when you have fallen victim to a major illness, Allianz PayorCover will pay for your premiums on your behalf.
What Allianz Insurance plan can I compliment this policy with?
If you have an existing Allianz insurance policy, whether it's the the PowerShield Term Life Insurance, or the PowerGrad, made especially for your child's education savings, you will be able to attach the Allianz PayorCover whenever you feel the need for extra protection.
Are there any other special benefits for Allianz PayorCover?
This policy comes with an optional extended coverage for total permanent disability which gives protection against total blindness, and loss of self independence. That means if you can no longer take care of yourself, this policy will be your life saver! This extended benefit will not add up to your existing premium.
Who is eligible to sign up for Allianz PayorCover?
If are thinking of applying for this insurance policy, you must be at least 18, or no more than 60 years old.
How much can I be insured for?
The amount that you will be insured largely depends on your risk class and affordability. The amount of disbursement depends on the premium you pay. Your premium will be measured by your age, sex, health status, and smoker status. If you need assistance, head down to your nearest Allianz branch or meet up with an agent if you wish to revise your premium amount. A portion of your premiums will be used for investment-linked account of your policy, giving you even more cushion for your finances.
Can I claim for the same policy for more than once?
Unfortunately, you can only make a one-time claim for one of the 36 critical illnesses.