What is Etiqa MaxiPro Insurance?
Etiqa MaxiPro insurance is a regular premium investment-linked plan that offers you an additional savings benefit (premium paying). You can choose from six choices of plans that come with flexible payment terms of minimum 8 years, and up to 30 years of coverage.
This investment-linked insurance allows you to get protection plus save up a sum of money for things that matter as you are rewarded with guaranteed annual cash payout from the end of the second policy year until your policy matures*.
Upon death, Etiqa MaxiPro Insurance also comes with a guaranteed maturity payout benefit of up to 150% total premiums paid, but any top-up of premiums will be excluded from this benefit*.
Not to mention, Etiqa MaxiPro insurance comes with guaranteed acceptance for insured amounts of up to RM200,000*. It is also worth highlighting that you don’t have to worry about paying the insurance charges as it is free of charge and is not subject to any revision in the future.
*Benefits applicable with IL Savings Growth.
What am I covered for?
Total and Permanent Disability (TPD) Benefit
Should an unfortunate event occur prior to your 69th birthday, you will receive RM24,000 up to a maximum of RM8 million worth of protection against Total and Permanent Disability (TPD) or Account Value at the next valuation immediately after the TPD approval date, whichever is higher. But do note that if the sum insured has been fully accelerated with no other benefits payable afterwards, the policy will be terminated upon payment of the TPD benefit.
Upon death of the life insured, a sum of RM24,000 will be payable or Account Value at the next valuation immediately after receiving the notification of claim, whichever is higher. After the payment of death benefit, the policy will be terminated in condition that there are no other benefits payable thereafter.
What are the additional benefits?
IL Savings Growth
This add-on benefit is a premium paying rider that is not combined into the Account Value. From this add-on savings benefit, you can get covered for either Death or TPD prior to your 69th birthday. Not only that, the life insured will also be granted Accidental Death Benefit which is limited to RM2 million SAR prior to his 69th birthday as well. Additionally, a Maturity Benefit of RM60,000 and IL Savings Growth surrender value less any indebtedness will also be payable.
*Please note that the IL Savings Growth surrender value will only be available from the second policy year onward.
Other list of riders:
- IL Payor Waiver of Premium (Juvenile)
- IL Payor Waiver of Premium (Spouse)
- IL Waiver of Premium for Critical Illness
Who can take up Etiqa MaxiPro Insurance?
This investment-linked plan is available for anyone to purchase. You can apply for yourself or your spouse before the age of 65. And if you are a parent and are keen to apply for your children, you should do so before they turn 17 years of age.
This is an insurance product that is tied to the performance of underlying assets and it is not a pure investment product such as unit trust.