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All you
want to know about...
MaaxLife |
|
The journey of life
isn't always smooth sailing. There will be moments of rain and shine, ups
and downs, joy and sadness. For your ever changing investment and
protection needs, turn to.....
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MaaxLife Protection
and Investment in ONE ACCOUNT
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|
Contents |
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You may request for a
MaaxLife
proposal by just emailing
us the following detail of you and/or your child/children (if for
child proposal):-
- Date of Birth,
- Sex,
- Occupation,
- Smoker or Non-smoker, and
- Your Preferred Monthly Investment
Amount.
Please use
the 'Back' button on your browser to return to previous page.
|
Note:
All the above is for general information only. It is not a contract of
insurance. For further information, reference should be made to the terms
and conditions specified in the policy issued by the insurance company.
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access to other Insurance Services & Details
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the 'Back' button on your browser to return to previous page.
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| INTRODUCTION |
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Your
insurance and investment needs change at various stages of your
life. Comfort and security for you and your family will depend on
how you manage those changes. MaaxLife
gives
you the power to manage your Protection and Investment needs in
ONE ACCOUNT. The MaaxLife
plan
gives you a mix of Life Insurance Protection and an Investment
Account with the flexibility to change this mix at any time. MaaxLife
is a whole life regular
premium investment-linked non-participating policy. A proportion
of your premium is allocated to buy units in the MAA
Investment-Linked Fund of your choice.
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| LIFE
INSURANCE BENEFITS |
|
Death
Benefit The
death benefit shall be the Basic Sum Assured plus the Investment
Account Value. Total
Permanent Disability (TPD) Benefit Upon
Total Permanent Disability (TPD) before age 65, the Basic Sum Assured is payable
and you have the choice of:-
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Terminating the
policy and receiving the Investment Account Value; or
-
Continuing with
the Investment Account
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| WITHDRAWAL/SURRENDER
BENEFIT |
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-
Partial Withdrawal
or Surrender of an investment may be made by redeeming units
in an investment fund
-
Minimum withdrawal
amount is RM1,000
-
Minimum Investment
Balance that must be maintained across all funds is RM2,000
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| CHANGES
IN PREMIUM AMOUNT & SUM ASSURED |
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Changes in Premium
Amount
Change
of premium may be made subject to the minimum premium and minimum
& maximum sum assured requirement.
Changes in Sum
Assured
-
Change
of sum assured may be made subject to minimum & maximum
sum assured requirement
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Changes which
exceed Non-Medical Limits will subject to underwriting
requirement
-
Changes will take
effect at the due date of the next modal regular premium
payment
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| ELIGIBILITY
AND EASE OF PAYMENT |
|
Minimum
& Maximum Age at Entry (Age Last Birthday)
Life Assured/Insured - The
Minimum entry age is 30 days old and the Maximum entry age is 69
years old.
Policyholder/Payor/Applicant -
The Minimum age is 18 years old and there is No Maximum age set. Minimum
Regular Premium
-
The Minimum Annual
Premium is RM600
-
The Minimum
Semi-Annual Premium is RM300
-
The Minimum
Quarterly Premium is RM150
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The Minimum
Monthly Premium is RM50
Master, Visa and
Diners Credit
Cards are accepted.
Easy
payment by  
accepted
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top > |
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| THE
CHARGES |
|
- INSURANCE CHARGES - based on the
age, sex and basic sum insured.
- MONTHLY POLICY FEE -
| Premium Mode |
Monthly |
Quarterly |
Half-yearly |
Yearly |
| Policy Fee (per
month) |
RM8.00 |
RM7.00 |
RM6.50 |
RM6.00 |
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FUND SWITCHING
- Units may be switched to any other funds at anytime. The
minimum amount that may be switched is RM1,000; or the entire
units holding in that fund (whichever is lower). One free switch is available
per year. Subsequent switches will
incur a Switch Processing Fee of RM50. The unused free switch
cannot be carried forward to the next year.
-
PREMIUM
RE-DIRECTION - The choices of funds into which the
premiums are directed can be changed with a processing fee of RM50 per re-direction.
Changes will take effect at the due date of the next modal
regular premium payment.
All fees and charges
are levied through cancellation of units. The fees and charges
above may be varied from time to time.
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| PREMIUM
ALLOCATION (For Investment Account) |
|
| Year |
1 |
2 |
3 |
4 |
5 |
6 |
Thereafter |
| Premium Allocation |
40% |
40% |
70% |
70% |
90% |
90% |
100% |
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| WHAT'S
SO GOOD ABOUT MaaxLife? |
| Mr. Prospect,
by having the MaaxLife
you are now going to enjoy..... |
| 1.
FLEXIBLE PROTECTION |
You
may now increase or decrease the amount of coverage to suit your
needs at different stages of life, and your premium may stay the
same. Alternatively, you may increase or decrease your premium to
suit your needs, and your amount of coverage may remain the same.
You may also attach optional riders coverage to make this an even
more comprehensive plan. |
| 2.
FLEXIBLE CHOICES OF FUNDS |
You
may choose from a wide variety of MAA
investment-linked funds, each unique in its investment objective
and asset allocation. |
| 3.
HIGHER RATE OF RETURN |
You
may now enjoy a higher rate of return of 5% - above 12%, compared to
Fixed Deposit with the rate of return of 4% - 6%. |
| 4.
PROFESSIONAL INVESTMENT MANAGEMENT |
Your
account will be managed by MAA's Professional Investment Management
Team that has almost 30 years experience in managing Investment
funds. MAA Assurance is awarded Asia's Life Insurance Company of the
Year 2001 at the 5th Asia Insurance Industry Awards. MAA was
described as the "leading Malaysian life insurer with a clear
vision beyond insurance to serve the best interests of the
individual" and captured the Asia's prestigious award for
"its dynamism in product innovation and customer service and in
offering enhanced training opportunities for its staff and
agents". |
| 5.
PREMIUM PAUSE |
You
may choose to stop paying regular premium without the policy lapsing
provided the value of units in your investment account is sufficient
to meet your Basic and Rider (if any) insurance charges and policy
fees. |
| 6.
RINGGIT COST AVERAGING EFFECT |
You
don't have to worry about the timing to invest. What
is Ringgit Cost Averaging Effect? |
| 7.
TAX ADVANTAGE |
You
can enjoy tax relief (up to RM5,000 including EPF and other
insurance premium). And, the proceeds are tax free (considered
capital gains of the units sold). |
| So,
which fund do you which to invest in? Do you prefer to save Yearly,
Half-yearly, Quarterly or Monthly?
You may request for a MaaxLife
proposal by just emailing
us the following detail of you and/or your child/children (if
for child proposal):-
|
|
< Back to
top > |
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| FREQUENTLY
ASKED QUESTIONS about
MaaxLife |
| Question
1: |
What is the
minimum premium required to open the MaaxLife
Account? |
| Answer: |
The minimum
Annual Premium is RM600; Half-Yearly Premium is RM300;
Quarterly Premium is RM150; and Monthly Premium is RM50. |
| Question
2: |
Can I buy
this policy for my children? |
| Answer: |
YES. The minimum
age of entry is 30 days old. However, the policyholder
must be at least 18 years old. |
| Question
3: |
Can I
increase or reduce my sum insured later? |
| Answer: |
YES. You may
increase or reduce the basic sum assured at any time after
the first policy year subject to the minimum and maximum
basic sum assured requirements. Any change in basic sum
assured may be subjected to underwriting and will take
effect at the due date of the next modal regular premium
payment. |
| Question
4: |
What are the
choices of Fund under the plan? |
| Answer: |
You may choose
from a wide variety of MAA
investment-linked Funds, each unique in its investment
objective and asset allocation. Additional new funds
once available will be introduced in the future. |
| Question
5: |
Can I switch
the units between Funds? |
| Answer: |
YES. You may
switch units any time in a policy year with the first
switch being free, and thereafter RM50 per switch. The
minimum amount that can be switched is RM1,000; or the
entire unit holding in that Fund, whichever is lower. |
| Question
6: |
Can I
withdraw money from the account? |
| Answer: |
YES. The minimum
withdrawal amount is RM1,000. However, the minimum
investment balance maintained across all Funds is RM2,000. |
| Question
7: |
When can I go
on Premium Pause? |
| Answer: |
You may choose
to stop paying regular premiums without the policy lapsing
provided the value of units in your investment account is
sufficient to meet your Basic and Rider (if any) Insurance
Charges, and Policy Fees. |
| Question
8: |
Is Critical
Year Option available under this plan? |
| Answer: |
YES, since the
price of units may rise or fall and the performance of the
Fund is not guaranteed, therefore Critical Year is not
guaranteed. If the growth rate is lower than expected,
then the policyholder may need to continue premium
payment. |
| Question
9: |
How much will
I get if I want to surrender my policy? |
| Answer: |
MaaxLife account's
value increases with time, however full surrender of an
investment may be made by redeeming units in an Investment
Fund. The surrender value of the policy is the Net Account
Value. The Account Value is not guaranteed and depends on
the performance of the Funds. There is no surrender charge
under this policy. |
| Question
10: |
When is a
good time to invest? |
| Answer: |
Anytime is a
good time because MaaxLife
is
a long term plan and it enables a policyholder to benefit
from the Ringgit Cost Averaging
Effect. |
| Question
11: |
Can I
accumulate the unused free switching to another year? |
| Answer: |
NO, the unused
free switching cannot be accumulated from one year to
another. |
| Question
12: |
Can I change
the regular premium amount later? |
| Answer: |
YES, the
regular premium may be changed at any time after the first
year subject to the minimum premium and minimum
& maximum sum assured requirements. |
| Question
13: |
How can I see
my projected returns for my investment? |
| Answer: |
You
may request for a copy of the MaaxLife plan printout by asking us. |
< Back to
top > |
|
You may request for a MaaxLife
proposal by just emailing
us the following detail of you and/or your child/children (if for child
proposal):-
- Date of Birth,
- Sex,
- Occupation,
- Smoker or Non-smoker, and
- Your Preferred Monthly Investment Amount.
Click Here To
access to other Insurance Services & Details
Please use
the 'Back' button on your browser to return to previous page.
|
