1. What is a savings insurance?
Savings insurance is a type of life insurance plan that combines the benefits of savings and protection. It offers the policyholder an avenue to grow their savings over time while providing life insurance coverage.
2. Why is savings insurance an important plan?
The combination of both savings and life insurance components in one typical savings insurance plan provides clear benefits to the policyholder in terms of setting long-term financial goals, providing financial protection and acting as a source of emergency funds.
The added advantage of having a savings insurance plan is it can function as an investment component to earn potential returns, depending on the type of plan. Additionally, the policyholder may enjoy tax benefits in the form of income tax reliefs and the plan can be incorporated as part of an estate planning process.
3. How do I choose the right savings plan?
Firstly, it is important to define your savings plan and identify your financial objectives and timeframe. With clear goals set, proceed to identify the features of the insurance coverage and the savings plan options, and review the terms and conditions, returns, premium amount, withdrawal, fees and charges, death benefits, tax implications and any exclusions or limitations.
For comprehensive guidance, you may discuss with us at Allianz Malaysia to tailor-make the best plan for you according to your needs.
4. What is investment-linked insurance?
Investment-linked insurance is a type of insurance product that combines life insurance coverage and an investment component for growth opportunities. It has a few distinct benefits over other types of insurance plans, with added flexibility in terms of changing the amount of sum assured and premium payment schedules and the potential for higher returns compared to a savings insurance plan.
5. Can I customise my savings or investment-linked plan based on my financial goals?
Yes. With Allianz Malaysia, you will have access to a wide range of savings and investment-linked plans that offer many flexibilities to suit your financial goals. Share with us your financial aims and aspirations and we shall tailor-make a plan that meets your needs.
6. What is a waiver of premium benefit in insurance
Upon the insured or payor's unfortunate event, we cover basic premiums for continued coverage. This is one of the core features in Allianz PayorCover as an example, waiving premiums for an insured person’s diagnosed specified 36 Critical Illnesses.
7. Can I make an alteration to my savings or investment plan after it has been initiated?
Allianz Malaysia’s comprehensive insurance plans are designed to be flexible and adaptable according to your financial goals and circumstances.
8. How do I get started with a savings and investment plan from Allianz Malaysia?
To apply for any insurance plans with Allianz Malaysia including savings and investment plans, you may contact an Allianz Life Agent or
reach out to us directly at 1-300-22-5542. We will assist you in a comprehensive manner, beginning by understanding your insurance needs and financial goals.