Allianz PowerShield ensures that you and your family are protected from life’s uncertainties. The insurance policy allows you to choose the protection term and the protection sum at affordable premium rates.
Benefits of Allianz PowerShield Insurance
- The coverage term can range from 5 years to 80 years.
- You can change your term plan into a permanent plan upon the expiry of your policy without the need of another underwriting.
- The policy provides the basic sum assured in case of untimely death within the coverage tenure.
- The policy also acts as an income replacement plan if you are suffering from total and permanent disability (TPD) before you reach 65 years of age.
- It acts as a low premium, high protection plan.
- The maximum coverage amount can be RM4 million per person.
You should be between 16 years and 60 years of age to purchase the policy.
Allianz PowerShield Insurance for Foreigners
You can purchase the Alliance PowerShield insurance policy irrespective of being a Malaysian citizen or a foreign citizen.
Allianz PowerShield Insurance Claims
To claim the benefits of your insurance policy, you must fill the Claims Form available on the official website of Allianz and submit the filled form along with the required documents to the nearest Allianz Life branch. The customer service associates at Allianz Life branch will process your form in a period of about seven business days. Once it is approved, it would take around 5 business days for the money to reach your bank account.
You can contact Allianz customer service associates in a number of ways to get solution for your queries:
- Dial the hotline number 1-300-88-1028
- Write a query mail to the email id [email protected]
- Use the chat option available on the official website
How to Cancel the Allianz PowerShield Insurance Policy?
In order to cancel your insurance policy, you must submit a Surrender Form to the nearest Allianz Life branch. You can refer to the official website to know about the necessary documents that has to be submitted with the Surrender Form. It would require around four business days to process your surrender application in the standard case. Once your application is approved, you will receive the payment within five business days in your bank account.
Q. Is it valid to receive the basic sum assured in case of TPD after 65 years?
A. No. According to the policies of Allianz, you will not remain eligible to receive the basic sum assured or other policy benefits if you are diagnosed with TPD after you cross an age of 65 years.
Q. Can I provide cover for my employee?
A. Yes, you can provide life protection to your employee if you consider that he/she is a key person of your company. This insurance policy will be a term plan and will have a fixed duration cover.
Q. Who will receive the basic sum assured on the death of the insured key personnel of my company?
A. On the death of the insured key personnel, the company will receive the basic sum assured. This is to minimise the business interruptions and reduce the loss caused by the death of the key personnel.
Q. How much basic sum can be expected as the maximum limit?
A. You can expect a maximum of RM4 million as the basic sum assured from Allianz PowerShield insurance policy.
Q. What are the possible modes to know the status of the claim?
A. You can contact your agent directly or the customer service associate via the hotline number or the email id to know the status of your claim. You can also track the status online by logging into your account on the official website of Allianz.