A plan that is designed to complement your financial needs
MaxxSaver II is designed to complement your different financial needs. It is a plan with guaranteed payouts annually throughout and lump sum cash at maturity. With MaxxSaver II, you need only to pay premiums for a short period to enjoy the benefits.
Key Benefits at a Glance:
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guaranteed annual income from the 1st policy anniversary onwards until maturity
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double your guaranteed income every 5th policy year
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dividends to enhance your wealth accumulation
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lump sum benefit at maturity
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short premium term of 6 years
benefits for you and your loved ones
guaranteed annual income
You will receive guaranteed cash endowment of 3% of the basic sum insured starting from 1st policy anniversary until your policy matures to realize your financial dream.
double your guaranteed income every 5th policy year
In addition, we will double your guaranteed cash endowment to 6% of the basic sum insured every 5th policy year until maturity to help you realize your dream sooner.
dividends to enhance your wealth accumulation
On top of your guaranteed cash endowment, you may also receive additional annual cash dividends, which are projected to be payable from 2nd policy anniversary onwards.
What’s more, you can also benefit from the potentially higher lump sum payment in the form of terminal dividend upon surrender, maturity of policy or in the unfortunate event of death or total and permanent disability.
lump sum benefit at maturity
You will receive a lump sum benefit at maturity including basic sum insured, any terminal dividends, any accumulated cash endowments and cash dividends.
flexible coverage term
MaxxSaver II offers various coverage terms. Choose from 15, 20, 25 or 30-year coverage term to suit your needs.
Get full protection on Death and Total and Permanent Disability (TPD) during the coverage term. In the unfortunate event of premature death or total and permanent disability, you or your loved ones will receive a lump sum benefit comprising the higher of the sum insured or total annual premium paid, plus any accumulated cash endowments, cash dividends and terminal dividend, if any. You can rest assured that your loved ones will be well taken care of financially.
short premium payment period
We recognize that everyone has different financial needs and commitments. With MaxxSaver II, you only need to pay premiums for 6 years to enjoy the benefits for up to 30 years and maximize your return. The premium payment term is guaranteed to remain unchanged for the term of your policy.
enhance your protection by adding supplements
Combine your policy with Payor Benefit Rider, Waiver of Premium Rider or Spouse Payor Benefit Rider to enhance your level of protection. While additional premiums are required for supplementary protection, you will enjoy peace of mind knowing that your premiums will be waived should something unexpected happen to you. Premium for supplementary protections are not guaranteed and may change upon renewal.
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Payor Benefit |
Waives the future basic premiums of the child’s policy in the event the parent is diagnosed with a critical illness, suffers Total and Permanent Disability (TPD) before age 60 or death.
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recommended package |
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Spouse Payor Benefit |
Waives the future basic premiums of the policy up to the premium payment term upon death, TPD or diagnosis of a critical illness of the spouse (payor of the plan). |
for your child
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MaxxSaver II
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Payor Benefit
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Waiver of Premium |
Waives all future premiums of MaxxSaver II upon diagnosis of a critical illness. |
for yourself
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MaxxSaver II
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Waive of Premium
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for your spouse
MaxxSaver II
Spouse Payor Benefit
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For more information, contact us at 1 300 88 1616
important notes
AXA AFFIN Life Insurance Berhad believes 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 (723739w), a company licensed under the Insurance Act 1996 and regulated by Bank Negara Malaysia.
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MaxxSaver II is a participating endowment plan that combines protection and savings with limited premium payment term of 6 years. The benefits will be paid either at the maturity of the policy, death of the insured or the occurrence of total and permanent disability during the term of the policy, whichever is earlier.
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MaxxSaver II may participate in distribution of surplus immediately, in the form of annual cash dividend and lump sum terminal dividend.
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You should satisfy yourself that this plan will best serve your needs and that the premium payable under the policy is an amount you can afford.
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This plan does not have a guaranteed minimum cash value upon surrender until it has been in force for 3 years.
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Buying a life policy is a long term commitment and it is not advisable to hold your policy for a short period of time. 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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Annual dividends and terminal dividend are not guaranteed and may be changed, from time to time by the Company, taking into account the operating and investment performance of our Company.
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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 cash values (if any) will be used to pay future premium of MaxxSaver II through Automatic Premium Loan. If the cash values are not enough to pay for such outstanding premiums or any indebtedness, then your policy will lapse.
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You should ask for and study the sales illustration pertaining to your policy, paying particular attention to the non-guaranteed benefits.
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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 of your or a person residing at your residence’s receipt of this policy. We will then refund the premium paid less any medical expenses incurred.
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The basic plan does not cover:
a. Suicide within 1 year from the issue date or any date of reinstatement, whichever is later.
b. Total and Permanent Disability 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 plan and does not in any way represent a policy. For a detailed description of the terms and conditions and exclusions of the plan please refer to the official policy issued by AXA AFFIN Life Insurance Berhad.
