• AIA Life Insurance

    Life is very uncertain and as you grow older and start a family, you have more responsibilities and you have to take care of your dependants. Life insurance is a way of ensuring that your family is financially secured in the event you die or are disabled. You will be at peace knowing that you can protect your family against any uncertainty. Life insurance takes care of your funeral cost, ensures your children’s education is taken care of, replaces your income in the household and pays off debts and taxes. AIA offers 14 types of Life Insurance plans to cater to the various requirements.

    Features and benefits of the various types of AIA Life Insurance

    The following are the features and benefits of the different types of life insurance:

    A-LifeLink-i This product is a flexible investment linked plan that will help you protect your loved ones with little investment. The features and benefits are as follows:
    • Flexibility to change the level of protection and savings.
    • Coverage period is up to 100 years.
    • Minimum entry age is 14 days.
    • Maximum entry age is 70 years.
    • Extra coverage for free is offered at anniversary.
    • You can choose the funds you want to invest in.
    • Covers total permanent disability and death.
    • Optional riders are available.
    • Fully Shariah compliant.
    • 5 years continuous coverage is offered even if there aren’t sufficient funds.
    • Premium can be paid on a monthly, quarterly, half-yearly or on an annual basis.
    A-Life Signature This is a flexible investment linked plan that protects the lifestyle of the loved ones when you can no longer do so. The features and benefits of this plan are as follows:
    • On maturity, you will get paid 100% of the account value along with an additional 20% to celebrate the maturity of your policy.
    • You can boost the coverage by adding cover for critical illnesses.
    • You can choose the length of coverage you require and the payment terms.
    • There is no need for medical check.
    • Coverage period is for up to 70, 80 and 100 years.
    • Minimum entry age is 18 years.
    • Maximum entry age is 70 years.
    • Death benefit, total permanent disability benefit ad accidental death benefit is offered.
    A-Life Signature-i This is a flexible investment linked plan which is designed to protect your loved ones lifestyle. The features and benefits of this plan are as follows:
    • Coverage period is for up to 70, 80 and 100 years.
    • Minimum entry age is 18 years.
    • Maximum entry age is 70 years.
    • You get double coverage during Hajj and Umrah.
    • Lump sum amount is paid in the event you die or are disabled.
    • At the end of the maturity, you will get paid 1005 of the account value and an additional bonus at 20%.
    • Additional critical illness cover can be added.
    • You get to choose the coverage and payment term.
    • Medical check is not required.
    • Death benefit during Hajj or Umrah and total permanent disability benefit and accidental death benefit is offered.
    A-LifeLink This plan helps you to protect your loved ones at low premium. You will also get the flexibility to change the level of protection and savings. The features and benefits of this plan are as follows:
    • Coverage period is up to 100 years.
    • Minimum age at entry is 14 days.
    • Maximum age at entry is 70 years.
    • This plan offers protection and savings option.
    • Additional cover is offered on the policy anniversary.
    • You can use the investment linked fund to match your financial needs. There are 17 funds that you can choose from based on your risk appetite.
    • You can switch between the funds available for the plan.
    • 5 year guaranteed coverage is offered.
    • Premiums can be paid on a monthly, quarterly, half-yearly or on an annual basis.
    • Account value is paid on surrender, maturity, death or total permanent disability.
    • Sum assured is paid on death or total permanent disability.
    A-LifeLink-i You can protect your loved ones by paying low premium towards the plan. The features and benefits of this plan are as follows:
    • Minimum age at entry is 14 days.
    • Coverage period is up to 100 years.
    • Maximum age at entry is 70 years.
    • Affordable premiums. Minimum contribution start at RM1,800 per year.
    • Flexibility to choose the coverage.
    • Flexibility to switch between funds.
    • Shariah compliant product.
    • Anniversary bonus offered.
    • Death and total permanent disability benefit offered.
    • Premiums can be paid on a monthly, quarterly, semi-annual or on an annual basis.
    A-LifeProtect Term This a no-frills plan where you have the freedom to select the level of protection at the price that you can afford. The features and benefits of this plan are as follows:
    • Minimum entry age is 16 years.
    • Maximum entry age is 65 years.
    • Coverage period is till the insured turns 80 years old.
    • You can add additional coverage for total and permanent disability.
    • You can choose from either level term plan, yearly renewable plan or 5 year term plan.
    • Plan is renewed without having to go through underwriting process.
    • You can convert the plan to permanent life policy except for the policies providing critical illness coverage.
    • Premiums for A-LifeProtect Term are guaranteed.
    • Premiums paid are eligible for income tax relief.
    A-LifeSecure and A-Life TimeSecure LifeSecure is a lifelong protection plan which ensures financial safety net to your loved ones. Life TimeSecure gives a higher cash value for the added financial security. Features and benefits are as follows:
    • Minimum entry age is 14 days.
    • Maximum entry age is 65 years.
    • Coverage period is 100 years.
    • In the event the insured dies, a lump sum amount is paid to the family.
    • Lump sum amount is paid if insured suffers total and permanent disability.
    • At maturity, insured will receive a lump sum amount.
    • You can accumulate guarantees cash value throughout the policy term.
    • Minimum sum assured for Life Time Secure and LifeSecure is RM20,000.
    • Premiums paid qualify for income tax relief.
    • Premiums can be paid on a yearly, half-yearly, quarterly or on a monthly basis.
    A-Life Super Junior This is a comprehensive plan that looks after your child’s health care needs. The features and benefits of this plan are as follows:
    • Coverage period is up to 75 years.
    • Minimum age at entry is 14 days.
    • Maximum age at entry is 15 years.
    • Premiums to be paid for 20 years while your child can enjoy the coverage until the child turns 75 years of age.
    • 12 juvenile critical illness, 36 critical illness and permanent and total disability is covered.
    • 25% of the amount covered is received if the child is diagnosed with juvenile critical illness before the child turns 21.
    • Financial support is offered if the child has been hospitalised for 3 continuous days before the child turns 21.
    • After the child turns 21, the cost of health check-up will be reimbursed every 2 years.
    • At maturity, the child will receive a lump sum payment which is 125% if the amount that the child was covered for.
    • Initial amount will be increased by 25% when the child celebrates his or her 21st birthday.
    • Twice the sum assured will be paid if the child passes away or suffers from total and permanent disability caused due to an accident.
    A-Plus Payor and A-Plus PayorCI This plan ensures that your children are protected even if you are no longer in a position to support them. Your children’s policies will continue if something unfortunate were to happen to you. A-Plus Payor, A-Plus PayorCI and A-Plus waiver are riders that can be attached to traditional life plans. The features and benefits of this plan are as follows:
    • Minimum age for entry is 16 years.
    • The maximum age for entry is 60 years.
    • Coverage period is up to the child turns 25 years old.
    • Critical illness is covered under A-Plus Waiver and A-Plus PayorCI.
    • Death and disability is covered under A-Plus Payor.
    • 35 critical illnesses are covered under this plan.
    A-Plus Payor-i and A-Plus PayorCI-i The benefits are the same as A-Plus Payor and A-Plus PayorCI. But A-Plus Payor-i and A-Plus PayorCI-i comply with the Sharia laws. This plan offers waiver on contribution for your children’s plans and also offers critical illness protection.
    A-Plus PayorExtra PayorExtra is an add-on plan which ensures that your children’s investment linked plans continue to stay active if something were to happen to you. The features and benefits are as follows:
    • Minimum age for entry is 16 years.
    • The maximum age for entry is 60 years.
    • Coverage period is up to the child turns 25 years old.
    • 35 critical illness are covered.
    • This is a rider that can be attached to the regular premium investment linked insurance plan.
    • Death, disability and critical illness are covered under this plan.
    • Disability coverage is up to the age of 70.
    A-Plus PayorExtra-i The features and benefits are the same as A-Plus PayorExtra. PayorExtra-i complies with the Sharia laws and ensures that your children’s investment linked plans continue even if something were to happen to you.
    A-Plus DisabilityCash A-Plus DisabilityCash offers financial safety if you are unable to work and support your family due to disability. The features and benefits are as follows:
    • Annual payments are made up on disability.
    • Flexibility to decide the sum assured.
    • Minimum entry age is 14 days.
    • Maximum entry age is 65 years.
    • Coverage period till the insured turns 70 years old.
    • Premiums you pay are qualifies for tax relief.
    • Minimum annual benefit is RM1,200.
    • Cost of insurance increases as you age.
    • Premiums to be paid by a 25 year old is RM35, 35 year old is RM38 and 45 year old is RM65. The rates are for male non-smoker falling under Class 1 occupation.
    A-Plus DisabilityCash-i The features and benefits are the same as A-Plus DisabilityCash. A-Plus DisabilityCash-i complies with Sharia laws and offers financial support if the insured is unable to support his or her family due to disability.
    General Exclusions The following are the general exclusions:
    • Suicide within a year of taking the policy.
    • Self- inflicted injury
    • Service in armed forces
    • Defect that was manifested before the insured attained 17 years of age.
    • Pre-existing diseases.
    • Viral hepatitis
    • Encephalitis
    • Cancer
    • Bacterial meningitis
    • Severe dementia
    • AIDS
    • HIV
    • Heart attack
    • Serious coronary artery disease

    Disclaimer:

    The benefits and the terms and conditions may vary based on the eligibility. Please contact the bank to know more about the life insurance products offered.

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