Achieving your savings goal

Transcription

1 Achieving your savings goal Allianz Allianz Life Life Insurance Insurance Malaysia Malaysia Berhad Berhad ( X) ( X) (Licensed under the Financial Services Act 2013 and regulated by Bank Negara Malaysia)

2 Anne has just entered her first job after university. And she intends to start setting aside some money for the purpose of real-savings. See how can help Anne achieve her savings goal. The projected Account Values shown are not guaranteed and only for illustration purpose based on a case study of a 25 year-old female. These values may be higher or lower than illustrated, depending on the actual investment return of Universal Life Fund. The values projected under high scenario are based on Universal Life Fund investment return of 5.90% p.a. for the first 20 years and 3.60% p.a. after 20th policy year. The values projected under low scenario are based on Universal Life Fund investment return of 2.82% p.a. All investment returns used are after deduction for tax and crediting spread Anne signs up. Anne chooses to save an annual premium of RM2,400 for 5 years. 4. At the maturity term, Anne s savings would be the account value or the guaranteed maturity value, whichever is higher. Projected account value - RM18,316 (high scenario); RM12,062 (low scenario) Guaranteed maturity value - RM12,000 Policy Year Then Anne chooses a coverage term of 15 years. 2 3

3 5 reasons why is the guardian of your sleeping cash Guaranteed Maturity Value Upon the policy s maturity date, you will receive the maturity benefit that is equivalent to higher of: a) Guaranteed Maturity Value; or b) 100% of Account Value Potential to reap higher investment returns Wide range of choice to suit level of affordability Guaranteed Maturity Value Coverage Term Guaranteed Maturity Value (% of Total Standard Basic Premium Paid ) % % % % % Double indemnity for Accidental Death Instill the discipline to save regularly Double Indemnity for Accidental Death In the event of Death, we will pay the higher of: i) Prevailing Insured Amount; or ii) 100% of Account Value Prevailing Insured Amount is as follow: Death by accidental causes prior to attaining age 66 nearest birthday on the Policy Anniversary The Features Gets to participate for higher investment returns is a universal life endowment plan that invests in Allianz Universal Life Fund I. It provides insurance coverage upon either accidental or non-accidental death plus giving your money a solid chance to reap potential investment returns. Wide range of choices to suit level of affordability When you sign up for, you will have the choice to choose your preferred premium payment term of between 3 to 20 years and coverage term of between 15 to 30 years, to suit your affordability and financial needs. Policy Year at the time of Death 1st & 2nd policy year 3rd policy year onwards Prevailing Insured Amount 100% Total Standard Basic Premiums Paid 210% Total Standard Basic Premiums Paid In the event of Death by accidental causes on or after attaining age 66 nearest birthday on the Policy Anniversary, the claim shall be paid according to the death benefit under death by non-accidental causes. Policy Year at the time of Death 1st & 2nd policy year Death by non-accidental causes Prevailing Insured Amount 100% Total Standard Basic Premiums Paid 3rd policy year onwards 105% Total Standard Basic Premiums Paid 4 5

4 Fees and Charges Premium Charge Number of Policy Year Premium Paid Premium Payment Term % 37.00% 40.00% 43.50% 44.50% 48.00% 50.40% 52.50% 55.60% 58.40% 61.00% 63.80% 66.30% 70.00% 72.30% 75.00% 77.90% 80.00% % 20.50% 22.00% 23.00% 24.00% 25.50% 26.00% 28.50% 30.30% 32.00% 33.80% 35.50% 38.00% 39.00% 40.80% 42.00% 44.00% 46.00% % 16.50% 17.50% 18.00% 19.00% 20.50% 21.30% 21.50% 22.80% 23.60% 24.90% 25.70% 26.70% 27.50% 28.90% 30.00% 31.30% 32.00% % 9.00% 9.50% 13.00% 14.00% 15.30% 16.00% 17.10% 18.00% 19.10% 20.00% 20.80% 21.50% 22.80% 24.00% 24.80% 26.00% % 8.00% 8.50% 8.50% 11.00% 11.00% 11.60% 12.00% 12.60% 13.00% 13.60% 14.00% 14.60% 15.00% 15.50% 16.00% % 8.50% 8.50% 8.50% 11.00% 11.60% 12.00% 12.60% 13.00% 13.60% 14.00% 14.60% 15.00% 15.50% 16.00% 7 years and above 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00% Note : Premium Charge shall depend on Your chosen premium payment term. Monthly Fee Policy Fee We currently charge a Policy fee of RM7.42 (inclusive of GST) per month. The maximum Policy fee is RM12.72 (inclusive of GST) per month. Cost of Insurance Cost of Insurance will be deducted monthly from Policy Account. The Cost of Insurance rate will increase as you grow older. Crediting Spread We charge a fee (Crediting Spread) for managing the Universal Life Fund. The fee is charged depending on the performance of the Universal Life Fund as shown below. Gross Investment Return per month before tax Current Crediting Spread per month Less than 0.333% % 0.333% to 0.415% % 0.416% to 0.665% % 0.666% and above % Surrender of Policy You can opt to surrender the policy. The surrender value is equal to Policy Account Value less surrender penalty. A surrender penalty will be imposed when you surrender your Policy. Policy Year Surrender Penalty (% of Account Value) % % % % % % 7 and above 0.00% 6 7

5 Eligibility Minimum Age Maximum Age 15 days old Coverage Term Maximum Entry Age We have the right to revise the rates, charges, fee, penalties, terms and conditions. You will be informed in writing of the revision at least three (3) months before renewal. 5. You should satisfy yourself that this plan would best serve your needs, and that the premium payable under the Policy is an amount you can afford. Buying a life insurance is a long-term commitment and it is not advisable to hold this Policy for a short period in view of the high initial costs. 6. A free look period of fifteen (15) days or such longer period as may be specified by Bank Negara Malaysia, will be given from the receipt date of the Policy for you to review its suitability and should you choose to return the Policy within the period, the amount to be refunded shall follow the terms and conditions in the Policy contract. 7. If you terminate your Policy in the early years, you may get back less than the amount you have paid. Please refer to the sales illustration pertaining to your Policy provided to you by your servicing agent. Important Notes 1. Standard Basic Premiums Paid exclude premiums paid for riders and any premium loadings imposed on the Policy. 2. The Guaranteed Maturity Benefit shall only apply provided all premiums due and any interest charged on late premium payment are paid. If any premium due and any interest charged on late premium payment are not paid before the Policy matures, only Account Value, shall be payable. Policy Account Value shall be the value in the Policy Account immediately after the policy maturity date. We reserve the right to deduct any indebtedness from the amount payable under this benefit. Thereafter, the policy shall terminate. 3. This brochure is for illustration purposes only and the information included is neither comprehensive nor exhaustive. You need to refer to the Product Disclosure Sheet (PDS) and the Sales Illustration (SI) for further details. Both PDS and SI can be obtained from your servicing agent. 8. In the event of non-payment of premium on the due date, your Policy shall be kept in force by effecting a premium holiday. However, there would be a possibility of the Policy lapsing if the account value is insufficient to pay for all the policy charges due. 9. You will then be given a grace period of thirty one (31) days to pay your premium, during which the Policy will remain in force. However, the Policy shall lapse at the end of the grace period if any insurance and other charges shall remain unpaid at the end of the grace period. As such, it is advisable to pay the premium for your Policy on time. 10. Following the effective implementation of Goods and Services Tax (GST), We will charge the relevant GST amount at 6% or at the prevailing rate on the applicable portion of your insurance premium/fee/charges for the applicable period of insurance coverage from the GST effective date onwards in accordance to the statutory requirement of GST. 8 9

6 Allianz Life Insurance Malaysia Berhad ( X) (Licensed under the Financial Services Act 2013 and regulated by Bank Negara Malaysia) Head Office Level 29, Menara Allianz Sentral, 203, Jalan Tun Sambanthan, Kuala Lumpur Sentral, Kuala Lumpur. Tel : / Fax: Customer Service Allianz Arena Ground Floor, Block 2A, Plaza Sentral, Jalan Stesen Sentral 5, Kuala Lumpur Sentral, Kuala Lumpur. Allianz Contact Center : Fax : customer.service@allianz.com.my AZ 07/15 28July 2015