What is Etiqa MegaLink Insurance?
Your loved one(s) deserve to be protected and Etiqa MegaLink Insurance is the perfect choice.
Etiqa MegaLink Insurance is a regular premium investment-linked insurance plan which comes with flexible yet comprehensive benefits to help protect the dreams and lifestyle of your loved one(s).
This plan also comes with full and limited premium paying term options that cover until the age of 100 years too!
Let's take a look at some of the key benefits Etiqa MegaLink Insurance has to offer.
What are the key benefits?
This insurance plan offers coverage for death and Total & Permanent Disability (TPD). Below are the key coverage or benefits of Etiqa MegaLink Insurance:
- Wealth distribution: In the unfortunate event of death, the distribution will be given directly to your nominated loved one(s) and if it's caused by an accident, an extra 200% of the sum insured will be distributed to them as well.
- Disability care payout: Get paid an extra 5% of the sum insured annually over 5 years without submitting additional claims. Please note that the disability care payout is paid after the approval of the disability payout.
- Loyalty bonus unit: Every 2 years from the 7th policy year, 0.1% of the sum insured will automatically be credited to your account to maximise the account value.
- Flexibility: Manage your legacy plan with flexible payment term of 5, 10, 15, or 20 years, or until you reach the age 70, 80, 90, or 100 (subject to a minimum policy term of 20 years).
- No medical examination: Forget about the hassle of a medical examination! Get coverage of up to RM2 million.
- Maturity benefit: A maturity benefit equivalent to the account value will be payable in one lump sum.
What are the eligible riders?
There are three optional eligible riders for Etiqa MegaLink Insurance as shown below:
1. Waiver of Premium for Critical Illness
The life insured will get coverage of up to the age of 80 or end of premium term, whichever is earlier and if diagnosed with any one of the 38 critical illnesses, this rider will waive future premiums of the policy.
2. Payor Waiver of Premium (Spouse)
Policy owner will receive payor waiver coverage of up to 100 years old or end of premium term, whichever is earlier. Meanwhile, in the unfortunate event of death, TPD or if diagnosed with any one of the 38 critical illnesses, this rider will waive future premiums of the policy.
3. Critical Illness Cover
This is an optional rider for Etiqa MegaLink Insurance with coverage of up to RM5 million and 39 critical illnesses benefit to the life insured up to the age of 80 or end of policy term of basic plan, whichever is earlier.
Can I cancel my policy?
It is not advisable for you to hold this policy for only a short period of time in view of the high initial cost of sign-up.
However, if you find the investment fund of your choice is no longer appropriate, you may switch or mix the investment funds available under this plan whenever you want so that you can take advantage of the opportunities in the investment market.
Who can take up Etiqa MegaLink investment-linked insurance?
For this investment-link insurance, you can apply for yourself or your spouse before the age of 70 years old. To add on, the insured amount of this plan starts from RM500,000.
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.