WEALTH INVEST AND WEALTH PROTECTOR
a plan that caters to your changing needs
Wealth Invest and Wealth Protector offer you the flexibility to tailor your plan to suit you and your family’s ever-changing needs, offering you the best of both wealth accumulation and protection at the same time.
Key Benefits at a Glance:
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protection in the event of death and Total and Permanent Disability (TPD)
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flexible premium contribution to cater to your financial needs
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flexible investment options to help you gain more
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flexible options to build various contingency funds
benefits for you and your loved ones
protection in the event of death and TPD for peace of mind
You can choose either Wealth Invest or Wealth Protector, whichever works best for you to give you and your family total peace of mind.
Wealth Invest
Our Wealth Invest provides death benefit which pays the higher of your account value or the basic sum insured less all withdrawals made within 12 months upon death.
Wealth Protector
For added protection, our Wealth Protector provides death benefit which pays the basic sum insured and your account value upon death.
We understand the financial impact during the unfortunate event of Total and Permanent Disability (TPD). Upon TPD before age 60, you are entitled to the same amount as the death benefit subject to a maximum of RM1,250,000 per life. On top of that, you can choose to maintain a portion of the TPD benefit with us as investment where you can continue to benefit from the investment returns as well as continue with your supplementary protection, if any.
flexible premium contribution to cater to your financial needs
annual regular premium
Your annual regular premium will support your financial protection coverage. The premium paid will be allocated to purchase units in the funds you selected.
Premium allocation:
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Policy Year |
1 |
2 |
3 |
4 |
5 - 6 |
7 + |
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Allocated Premium (%) |
40% |
50% |
60% |
70% |
90% |
100% |
regular top-up or one-off lump sum premium
If you want to increase your investment without any change to your insurance coverage, you can pay additional top-up premium. You can pay it regularly together with your basic premium or as a lump sum investment at any time. Premium allocation for top-ups is 95%.
The portion of the premiums that is not allocated into units (i.e. unallocated premiums) is referred to as Premium Charge. Premium Charge covers the commissions paid out and other management expenses related to the Policy.
flexible investment options to help you gain more
access to local and regional markets to enhance your returns
You have a choice to invest into different investment funds across both local and regional markets to diversify and balance the risks of your investment portfolio.
Please refer to the fund fact sheets for the funds currently available and the investment policy of each fund.
switch your investment from one fund to another – anytime!
Since your investment objective may change over time, Wealth Invest or Wealth Protector gives you greater flexibility to reallocate your investment funds or to change your selection of funds (subject to switching fee’s condition).
withdraw your investment – anytime!
You may have different financial needs at different life stages. Wealth Invest or Wealth Protector allows you to withdraw your investment funds in part to accommodate your financial needs, at any time (subject to partial withdrawal limits).
top-up your investment – anytime!
You may have excess cash to invest or wish to increase your regular investment in meeting your changing financial needs. Wealth Invest or Wealth Protector allows you to top-up your investment funds at any time to accelerate your wealth accumulation.
adjust your protection and investment level according to your life stages
As you progress to different stages of life, your protection and investment needs may vary accordingly. Wealth Protector provides you the flexibility to design your own level of investment and protection proportion that best suit your life circumstances.
flexible options to build various contingency funds
You can combine Wealth Invest or Wealth Protector with a wide range of supplementary insurance we offer to make the perfect combination to meet your needs. While additional insurance charges are required for supplementary insurance, the peace of mind that comes with it is priceless.
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Parent
Premium Payor
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Parent Premium Payor will contribute future regular premiums (excluding regular or lump sum top-up premium) until age 23 of the child or termination of the plan, whichever is earlier, upon death, TPD or diagnosis of a critical illness of the parent. |
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Premium Payor |
Premium Payor will contribute future regular premiums (excluding regular or lump sum top-up premium) up to age 100 upon your diagnosis of a critical illness before age 100 or TPD before age 60. |
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Spouse Premium Payor
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Spouse Premium Payor will contribute future regular premiums (excluding regular or lump sum top-up premium) until the end of rider coverage term or termination of the basic plan, whichever is earlier, upon death, TPD or diagnosis of a critical illness of the spouse (payor of the plan). |
Accelerated Critical Illness
(Only attachable to Wealth Protector) |
Protects you against 36 critical illnesses. A lump sum payment to see you through your treatments and recuperation. Upon payment of the supplementary insurance benefit, basic sum insured will be reduced by the supplementary insurance‘s sum insured amount.
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Critical Illness |
Protects you against 36 critical illnesses. A lump sum payment to see you through your treatments and recuperation. |
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Accident Protector |
Additional protection against accidental death and dismemberment. |
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Accident Protector Plus |
Additional protection for you against accidental death, dismemberment and weekly indemnity upon temporary partial or total disablement, total and permanent disability or hospitalization. |
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Medical Care Plus |
A comprehensive medical coverage that helps you take care of your major medical bills. |
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Hospital Income Benefit |
Provides daily income benefit upon your admission to hospital due to illness or accident. |
Recommended Package
For your child
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Wealth Invest / Wealth Protector
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Parent Premium Payor
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Medical Care Plus
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Critical Illness/Accelerated Critical Illness
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For yourself
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Wealth Invest / Wealth Protector
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Premium Payor
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Medical Care Plus
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Critical Illness/Accelerated Critical Illness
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Accident Protector
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Hospital Income Benefit
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For your spouse
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Wealth Invest / Wealth Protector
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Spouse Premium Payor
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Medical Care Plus
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Critical Illness/Accelerated Critical Illness
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Accident Protector
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Hospital Income Benefit
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You can enjoy the waiver of your first year insurance charge of these supplementary coverage!
To provide you with the best possible financial protection, the first year insurance charge for all supplementary insurance attached to your plan will be waived under the Wealth Invest or Wealth Protector plan.
Note: If the plan or the supplementary insurance are cancelled (including reduction of riders’ sum insured) within the first 2 policy years, riders’ insurance charges will be clawed back.
For more information, contact us at 1 300 88 1616
important notes
We believe it is important that you fully appreciate and understand all the benefits and charges under your plan.
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This insurance plan is underwritten by AXA AFFIN Life Insurance Berhad (723739-W), a company licensed under the Insurance Act 1996 and regulated by Bank Negara Malaysia.
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Wealth Invest and Wealth Protector are regular premium investment-linked insurance plan that offers a combination of insurance protection and investment.
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Policy benefits will fluctuate based on the performance of your chosen funds. The investment risks under this plan will be borne solely by you.
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You should ask for and study the sales illustration pertaining to your plan, paying particular attention to non-guaranteed benefits.
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You should satisfy yourself that this plan will best serve your needs and that the premium payable is an amount you can afford.
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Buying a regular premium life policy is a long term commitment and it is not advisable to hold your policy for a short period of time in view of the high initial costs. If you surrender your policy in the early years, you may get back less than the amount you have paid in.
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You are given 31 days of grace period after the due date to make your premium payment. If you did not pay your premium at the end of the grace period, your account value (if any) will be used to pay future premiums. If the account value is not enough to pay for such outstanding premiums, then your policy will lapse.
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If you are not completely satisfied with the policy, you may return the policy and request the cancellation of the policy within 15 days from the date the policy is delivered to you. We will then refund the unallocated premiums, value of units that have been allocated (if any) at next valuation date and any insurance and policy charges that have been deducted less any medical expenses incurred.
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In the event of non-payment of the premium, premium holiday will be applied to your policy where only the applicable relevant charges will be deducted from the account value. Premium holiday will continue as long as the account value in your policy is sufficient to pay for the relevant charges and you should consider the possibility of your policy lapsing when the required charges exceed your account value.
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The basic plan does not cover:
a. Suicide within 1 year from the policy date or any date of reinstatement, whichever is later.
b. TPD resulting from intentionally self-inflicted injury; any act due to war, declared or not; or military, naval or air service for any country at war, declared or not.
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This brochure contains only general information about the product and does not in any way represent a policy. For a detailed description of the terms and conditions and exclusions of the product please refer to the official policy issued by AXA AFFIN Life Insurance Berhad.
This is an insurance product that is tied to the performance of the underlying assets, and is not a pure investment product such as unit trusts.
