Elite Legacy Income (8 years)

Guaranteed cash payment payable up to age 88 + optional premium paying duration of 8 years.

Limited premium paying duration… The premium paying duration for Elite Legacy Income is 20 years, with a step down premium structure from policy year 9 to 20.

You have the 8 Years Option to shorten the 20 years premium paying duration to 8 years. Under this 8 Years Option, the remaining 12 years’ premiums are payable by using the guaranteed cash payment payable annually from Elite Legacy Income from the end of policy year 8.

Guaranteed cash payment… This policy pays out guaranteed cash payments annually from the end of policy year 8, right until policy maturity at age 88 of the covered person. If you do not wish to receive the guaranteed cash payments on an annual basis, you can leave them with AIA to accumulate with interest.

The percentage of the guaranteed cash payment is between 17% and 21.5% per year of the initial cover amount annually for policy year 8 to 19, depending on the entry age of the covered person. From the end of policy year 20, the percentage of guaranteed cash payment is 5% per annum of the initial cover amount payable until age 88 of the covered person.

If you opt for the 8 Years Option, your guaranteed cash payments payable from the end of policy year 8 to 19 shall be used to pay for Elite Legacy Income’s premium.

Cash value and maturity benefit… If you surrender the policy prematurely, you will receive at least the guaranteed cash value. The policy will have a minimum guaranteed cash value on termination only after you have paid premium for three complete years.

At maturity of the policy, we will pay you at least the final policy year’s guaranteed Death Benefit as set out in the policy contract.

Annual dividends… AIA will declare yearly dividends according to its investment performance from the end of policy year 1 onwards. You may withdraw the dividends or leave them with AIA to accumulate with interest.

Death benefit… Where you, the policy owner is also the covered person and the covered person's death occurs due to any causes (except suicide within 1 year of policy inception), your nominees or trustees as named in your policy will receive the death benefit as prescribed in the Schedule of Death Benefit set out in the policy contract. If the covered person is a child, this death benefit is payable according to the Juvenile Lien percentage and is payable to you as a policy owner.

Eligibility
This policy is available to individuals from 4 weeks to 55 years of age, subject to underwriting.

Tax Relief
This policy may qualify you for a personal tax relief of up to RM6,000 for annual life insurance premium and EPF, subject to the final decision of the Inland Revenue Board.

Guaranteed Income Provider 15

Guaranteed Income Provider 15 is a plan which combines short-term commitment with long-term benefit.

Guaranteed premium duration and guaranteed annual income… your premium commitment is guaranteed to be 15 years only. What’s more, from the 4th year up to the 15th year, you will enjoy a reduction in premium. Thereafter a guaranteed annual income of 5.5% of the basic sum assured (hereinafter known as “the guaranteed annual income”) will be paid out up to age 88. This means after 15 years, you have acquired an invaluable asset that will continue to pay you the guaranteed annual income of 5.5% regardless of the fluctuation in interest rate, ensuring you have an extra income to assist you in facing life's uncertainties.

Potential returns… to supplement your guaranteed annual income, Guaranteed Income Provider 15 also builds up a substantial cash account through its dividend participating program. AIA will declare yearly dividends according to its participating fund’s performance. You may use the dividends to supplement your guaranteed annual income or leave it with AIA to accumulate with interest for the rainy days ahead.

Guaranteed Income Provider 15 also serves as a lifetime companion, faithfully giving you the financial support as you progress through the different life stages. During your younger days, it can help to support your standard of living and build a foundation for the future of your family. After retirement it can be used to supplement your retirement income, providing you with the financial freedom when it matters most. In short, you can use the guaranteed annual income to fit your ever-changing financial needs.

Benefiting three generations… Guaranteed Income Provider 15 does not only benefit yourself, but it extends beyond that. By insuring your child while you hold ownership of the plan, you will be enjoying the guaranteed annual income. Once your child is an adult, you can transfer the ownership of the plan to your child where he/she can continue to enjoy the annual income. In turn, he/she can nominate his/her child to receive the death benefit. In short, Guaranteed Income Provider 15 can benefit three generations.

Death Coverage… should something unforeseen happen to you pre-maturely, Guaranteed Income Provider 15 also provides an invaluable death coverage equivalent to 150% your basic sum assured from inception.

Free disability benefit (for standard lives)… with free disability benefit built-in under Guaranteed Income Provider 15, you can assure yourself of added coverage in the form of disability income. In the unfortunate event of total and permanent disability, you will receive disability payment in one lump sum or 10% of the sum assured in the first two years, followed by the remaining 80% in the third year, depending on the nature of the disability.

Optional waiver of basic premium… this plan also comes with an optional waiver of premium upon the diagnosis of critical illness, ensuring the continuation of your plan. Most importantly the guaranteed annual income from the end of the 15th year onwards will see you through the most critical period of your life by supplementing your living expenses.

Additional coverage available…

• Critical Illness Coverage
• Hospitalization & Surgical Benefit
• Comprehensive Female Coverage
• Accident Benefit
• Disability Income

Eligibility
Anyone from four (4) weeks up to fifty (50) years of age and who is in good health is eligible.

Tax Relief
This policy may qualify you for a personal tax relief of up to RM6,000 for annual life insurance premium and EPF, subject to the final decision of the Inland Revenue Board.

Plan Type
Guaranteed Income Provider 15 is an endowment insurance policy maturing at age 88 participating with annual cash dividends and terminal dividends.