What is A-LifeSecure?
A-LifeSecure is a life protection insurance plan provided by AIA insurance with AIA Vitality. This plan offers you coverage for Death and Total Permanent Disability while giving your family peace of mind in the case of a calamity.
What do I get with this plan?
As mentioned, you will get coverage for Death and Total and Permanent Disability, in which case, if either were to befall you, AIA will issue a 100% payout of your coverage amount selected. The death benefit will extend to your lifelong coverage of up to the age of 100.
Total and Permanent Disability coverage is available to you till the maximum age of 65. The payout will be the same, so you won’t have to worry about that.
Aside from the guaranteed cash value, you also have a guaranteed maturity benefit. Which means, that if nothing happens to you by the time this contract has met its maturity, you will still get a payout of your coverage amount.
Coverage period and Minimum Sum Assured?
The coverage period for this plan is up to your maximum age of 100. Anyone can apply and register for this policy from anywhere between the age of 14-days, and 65 years old. After which it can be renewed repeatedly till the age of 100.
Minimum sum assured offered with this plan is at RM20,000. The coverage amount is flexible and you can choose your own maximum amount.
How do the premiums work?
Premiums for this policy is calculated annually. Rates are level and based on the age you are at the date of issue for the plan you want. And you can be sure that the premiums are guaranteed with A-LifeSecure.
Your premiums are also eligible for income tax relief of up to RM6,000.
