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The Article

Allianz Life Insurance Malaysia Berhad (Allianz Life) launched Allianz PrimeSaver on 6th April 2016; a new universal life savings plan that aims to attract younger Malaysians to start saving again.

Allianz PrimeSaver is an affordable entry level savings plan that only costs a minimum of RM200 per month and provides the flexibility in choosing the preferred premium payment term of between six to 20 years and a coverage term of between 20 to 30 years.  The plan also comes with Guaranteed Cash Payment, where customers will receive payment the end of the first year. The flexibility of the plan means that the fund can either be withdrawn or reinvested with Allianz. What’s more, the Guaranteed Cash Payment doubles up after the 10th year.

While Malaysians simply do not save enough, the Allianz PrimeSaver can be a great way to start building up a nest egg as it provides a wide choice of premium payment and coverage term to suit different savings needs.