Allianz

Underwritten by Allianz Life Insurance Malaysia Berhad

Allianz PowerShield

Worried about your family's savings? Get an affordable term life insurance plan that'll guarantee a lump-sum cash payment with protection up till you reach 80 years old!

    • RM15k Minimum Sum Assured
    • Add-on Critical Illness Coverage
    • Death Coverage Until Age 80
    • TPD Benefit Up To 100% of Sum Assured
    • Death Benefit Up To 100% of Sum Assured

Get covered now with Allianz PowerShield

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How to Claim

Who do I call to make a claim or state an emergency?

Allianz Hotline
  •  1300881028
  • Features

    What makes this Allianz insurance policy stand out?

    Cover Type
    term-life insurance
    Cover Term
    protection up to age 80
    Premium Type
    flat rate. stays the same throughout policy term.
    Plan Conversion
    option to convert to whole-life plan
    Income Tax Relief
    up to a maximum of RM6,000 a year.

    Protection for Your Family

    How will Allianz help to secure my family’s financial future?

    What's covered by your insurance plan
    Main Coverage
    Coverage Period
    Am I Protected?
    Natural Death
    A lump-sum payment to your family when you die of natural causes
    up to 80 years oldYes, up to 100% of sum assured
     
    Total and Permanent Disability
    When you’re unable to work or take care of yourself due to ongoing injury or sickness
    up to 65 years oldYes, up to 100% of sum assured
     
    Enjoy the full benefits of your insurance plan with great add-on coverage
    Add-on Coverage
    Am I Protected?
    Critical Illness Coverage
    Protection against serious diseases such as cancer, heart attack, stroke or heart bypass surgery
    Yes
    Early Payout for Critical Illness
    Extra cash to help during early stages of a major disease
    Yes
    Personal Accident
    It’s dangerous to even step out of your front door. Get protected from injury!
    Yes
    Hospital Benefit
    Payment for hospital visits, including room and other costs charged during your stay
    Yes
    Premium Waiver
    Your family’s exemption from premium fee payments due to your death or disability.
    Yes

    Age Requirements

    Am I eligible to apply for this Allianz insurance?

    Minimum Age
    at least 16 years of age
    Maximum Age
    at most 65 years of age
    Expiry Age
    at most 80 years of age

    Frequently Asked Questions about Allianz PowerShield

    Things you might want to know

    What do I need to know about the Allianz PowerShield?

    PowerShield is a flexible term life insurance policy by Allianz which provides coverage upon your death or total and permanent disability. 

    Should you die or become permanently disabled while being Allianz PowerShield policyholder, you or your loved ones will get a lump-sum cash payment of up to RM2 million to secure the financial wellbeing of your family.

    How much do I need to pay for my premiums?

    Once you've decided on your basic sum assured, your premiums are fixed through the coverage period, but the rates will depend on your age, gender, occupation, coverage term, and other lifestyle factors determined by Allianz.

    Can I get additional protection with Allianz PowerShield?

    Yes, you can pay extra for add-on riders for even more coverage. The riders that can be added to your PowerShield policy are early cash payments for any of the 36 critical illnesses, accident indemnity, personal accident, hospital benefit, and dread disease premium waivers.

    Is this insurance policy renewable?

    Allianz PowerShield offers flexible coverage terms ranging from 5 years until you reach 80 years of age. You may renew your Allianz PowerShield policy upon maturity, but you’ll have to inform Allianz at least 3 months in advance before the expiration of your policy.

    What are the requirements?

    To buy this term life insurance policy, you have to be between 16 and 65 years of age. The maximum renewal age for this policy is 60 years old.

    Can I convert PowerShield to a permanent whole-life plan?

    Yes, you can do so by purchasing an endowment or whole life plan from Allianz without further underwriting. However the sum assured of the new policy cannot exceed the current policy.

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