Premier Life
Making recovery the top priority in life
A Plan Just for You
In Hong Leong Assurance, we believe that emotional and physical stress cannot be avoided. However, what you can do is reduce your financial stress. That is why Hong Leong Assurance has developed an insurance plan to assist you to minimise the depletion of your life savings so that you need not worry about your immediate financial commitments. Instead you can now focus on getting better.
Benefits:
- A participating policy that declares cash dividend, starting from the end of the 2nd policy year onwards. In addition, Premier Life also enables you to participate in the profits of the Company in the form of Terminal Dividend and Special Terminal Dividend.
- 3 in 1 life policy that covers 36 defined Critical Illness (CI), Death or Total & Permanent Disability (TPD). Therefore, in event of CI, Death or TPD, whichever is earlier, Premier Life will pay you a lump sum amount.
- You have flexible payment options of annually, semi-annually, quarterly or monthly through cash, cheque, credit card or direct debit.
- Increasing Protection with Guaranteed Level Premium as your premium is guaranteed never to increase despite you enjoying the increasing protection for CI, Death and TPD up to 150% of the protection you have signed up.
- Premier Life protects till the age of 88. At maturity, Premier Life will also pay you a lump sum amount if there is no claim. It’s your savings with returns.
- Any Malaysian who is in good health and age between 1 month and 65 years is eligible.
-This policy may qualify you for the personal tax relief subject to the final decision of the Inland Revenue Board Malaysia.
In addition to receiving a lump sum amount, on diagnosis of CI, you will also receive a guaranteed annual income for the first 5 years. (10% of basic sum assured yearly)
No more lifelong commitment for life long protection. You may shorten your premium payment obligations by choosing one of the following options:
a. Guaranteed limited 10 years payment;
b. Guaranteed limited 15 years payment; or
c. Guaranteed payable till age 55 or 20 years whichever is later.
d. or commit it for whole policy term like other existing life insurance
No more deduction to your returns to ay off your premium as the payment years is guaranteed.
Continuation of validity of attaching riders (medical card, personal accident, etc) even after critical illness claim.
Notes
1.A general waiting period of 30 days is applicable. However a waiting period of 60
days is required for angioplasty & other invasive treatments for coronary artery
disease, cancer, coronary artery disease requiring surgery, heart attack and other
serious coronary artery disease.
2. This policy excludes pre-existing illnesses.
3. Juvenile Lien shall apply in the event of Critical Illness, Death or TPD before the age of 5.
4. This policy shall not have a guaranteed minimum cash value on termination until after you have paid premium for 3 full years.
5. The value of the dividends is not guaranteed and will depend on the investment
performance and operating experience of the participating funds.
6. If you decide not to take up the policy within 15 days from the delivery date of
this policy, you may cancel the policy and are entitled to receive the full premium
paid less deduction of medical expenses incurred by the Company.
7. If the premium payment stopped before the premium payment period chosen (10/15/20 years), it may lead to the early termination of coverage to the Life Assured.
8. If you terminate the policy prematurely it may result in you getting back less than
the amount you had earlier paid for in this policy.
9. In the event of a claim, you are required to submit a written notice to the
Company of the occurrence of a claim event.
***** These information provided is not intended to be the basis of an insurance contract. Please consult an agent and seek explanations on the policy u received.********