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4. FREQUENTLY ASKED QUESTION
Q1. Who can be covered under the SeniorGOLD plan?
Any person between the ages of 50 and 80 years old (last birthday age) can be the life assured for the SeniorGOLD plan.
Q2. How is the Basic Sum Assured of my policy obtained?
Your policy's Basic Sum Assured is subject to your entry age, gender and the number of units of insurance coverage you have purchased. For example, a female age 50 years old who has purchased 5 units of insurance coverage under the SeniorGOLD plan, her Basic Sum Assured will be 5 times of the amount as stipulated in the Sum Assured Schedule; i.e. RM17,397 x 5 = RM86,985.
Q3. Will the premium increase with my age?
NO. You can rest assured that SeniorGOLD premium is GUARANTEED throughout the term of the policy.
Q4. Does the Basic Sum Assured change when my age increases?
NO. Do not worry, your Basic Sum Assured of your policy will remain unchanged regardless of your age.
Q5. Will I get some money back should I surrender my policy before it matures?
YES. You will get the cash value of your policy provided that your policy had been in force for at least three (3) years.
Q6. Are there any exclusions?
YES, but the exclusions are only applicable to Accidental Death Benefit (please refer to the actual policy contract). The exclusions are:-
War, Civil war, Terrorism, AIDS and diseases including dengue fever & japanese encephalitis, Childbirth and miscarriage, Provoked murder or assault, Travelling as an aircraft crew, Aerial activities, Martial arts & racing, Radiation, Nuclear weapons materials, Intoxication by alcohol & drugs.
If you wish to apply for the MAA Senior GOLD cover, just instruct us by e-mail including the following details:-
- Insured's Date of Birth,
- Insured's Sex,
- Preferred Premium Amount and Mode of Payment (Monthly, Quarterly, Semi-annually or Yearly)
- Your Preferred Correspondence Address
- How would you like to make your initial premium payment? (By Credit Card or Cheque or Direct Bank-in to Alliance Bank) Payment by CASH is not recommended.
- How would you like us to contact you?
