What is Allianz PremierLink?
PremierLink is a life insurance protection plan offered by Allianz Insurance to help you stretch your ringgit. It comes with a high Sum Assured to accommodate all your needs, but at the same time give you protection for less, with affordable premiums.
What coverage do I get?
This plan comes with coverage for Death and Total and Permanent Disability where, if you as the policy holder befall either of these perils, Allianz will release a full coverage amount payout to your family. Death benefits will extend to your time of death, whenever that may be. However, the benefit for Total and Permanent Disability will cover you till the age of 65 on your next birthday.
Allianz PremierLink comes with a high coverage amount, with RM500,000 being the minimum amount you can purchase. You have the option to increase your coverage amount to more than RM4 million. With that in mind, following the terms of the payout, in the case of Total and Permanent Disability. If your coverage amount exceeds, RM4 million, then the remainder of the payout will only be paid upon your death.
How do the premiums work?
PremierLink essentially allows you to choose your own premiums and allows you the flexibility of picking them based on your financial needs and commitments. You mad however, need to top up your premium rates for continued coverage till the age of 100.
What benefits do I get?
You will get a loyalty bonus with this plan, if you stick with it long enough. PremierLink members will get an additional 1% of your insurance premium beginning on the 11th year of your policy. Since this is also an investment savings plan. You will also be able to partially withdraw funds from the account, if you need to.
Can I attach riders?
Yes, you can. With PremierLink you can attach up to 4 riders with this plan to cover different aspects of your life. Get additional coverage for critical illnesses, medical issues and so on and so forth. You can always check with your Allianz insurance agent, on how best to customize your plan.