FLEXI SAVER

The investment-linked plan that offers you the added security of insurance.

The investment-linked plan that offers you the added security of insurance.

Flexi Saver is a regular premium investment-linked insurance plan which covers death and Total Permanent Disability (TPD), while giving you the flexibility to grow your wealth through an array of investment funds. You can also enhance your protection by adding supplementary insurance coverage to safeguard your ever-changing needs.

Benefits
Your protection

Protection for death and TPD

  • In the unfortunate event of death, your loved ones will receive the basic Sum Insured and the account value.
  • If TPD occurs before age 60, you will receive the basic Sum Insured subject to a maximum of RM1,250,000 per life.

Tailored to your personal needs

Customize Flexi Saver with a broad range of supplementary insurance coverage for greater peace of mind.

Payor Benefit

In the event of TPD before age 60, death or critical illness before age 80, the basic regular premium is waived until the payor's child reaches age 23, or the payor reaches age 80, whichever is first.

Waiver of Premium*

In the event of TPD before age 60, or critical illness before age 80, the basic regular premium is waived until the payor reaches age 80.

Level Term

Additional coverage for death before age 80 and TPD before age 60.

Critical Illness or Accelerated Critical Illness*

Protection against 36 critical illnesses, where you will receive a lump sum payment to help you through treatments and recuperation. You can choose to accelerate critical illness payment from your death benefit, or receive it in addition to the death benefit.

Accident Protector or Accident Protector Plus*

Additional protection against accidental death or dismemberment. With Accident Protector Plus, you can increase your level of protection to compensate your weekly income.

Medical Care Plus*

A medical coverage that helps you take care of your major medical bills.

Income Shield*

Provides you a stream of annual income to reduce your financial burden in the event of TPD before age 60, or critical illness before age 80.

Note: The Premiums for the supplementary benefits (*) are subject to the Goods & Services Tax(GST).

Your finances

Variety of premium payment choices

Choose from a variety of premium payment choices which caters for flexibility and convenience.

Basic regular premium The premium you pay reflects your insurance benefit level, and is used to purchase units in the investment fund(s) that you select.
Regular top-up or one-off lump sum premium You can pay additional premiums at any time to increase your investment without changing your insurance coverage. You can pay it regularly together with your basic premium or as a lump sum investment at any time.
Premium allocation

Part or the entire premium will be allocated for purchasing units in the investment fund(s) that you have selected, and will increase over the years.

Policy year Allocated premium (%)
1 40%
2 60%
3 85%
4 90%
5 100%

For top-up premium and lump sum premium, the premium allocation 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

  • Choose to invest into different investment funds to diversify and balance the risks of your investment portfolio.
  • Flexibility to reallocate or change your selection of investment funds to suit your evolving needs*.
  • Flexibility to withdraw part of your investment funds at any given time**.

* Customers are allowed to switch 1 fund per policy year without any charges. Each subsequent fund switched during the same policy year will be charged RM30.

** Minimum withdrawal amount is RM1,000 and the minimum balance to be maintained in the account after withdrawal is RM1,000.

Note:  All fees and charges will be subject to GST. 

Underwritten by AXA AFFIN Life Insurance Berhad (723739-W).

Requirements
Minimum and maximum entry age: 15 days to 65 years old
Premium payment term: Up to age 100 years old

Underwritten by AXA AFFIN Life Insurance Berhad (723739-W).

How To Apply
  • i-Wealth Goal Planner Plan your life goals.
  • Citibank Online Convenient, secure & efficient banking at your fingertips!

Exclusion

This plan shall not cover:

  1. Suicide within 1 year from the policy date or any date of reinstatement, whichever is later.
  2. 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.

Disclaimers:

  1. This posting 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 or to apply for this product, please visit or contact Citibank Berhad.
  2. The savings component (if any) of the insurance product is subject to risk and loss, is not guaranteed to achieve a specific return and is subject to early termination valuations. The surrender value may be less than the total premium paid.
  3. This document is for general information only and is not to be construed as a contract of insurance. The precise terms, conditions and definitions of the insurance plan are specified in the policy contract issued by relevant insurance company, AXA AFFIN Life Insurance Berhad (723739-W).
  4. These insurance products are obligation only of the insurance company. They are not bank deposits or obligations of or guaranteed by Citibank Berhad, Citibank N.A., Citigroup Inc. or any of their affiliates or subsidiaries.
  5. There may be eligibility criteria to purchase this insurance product. An underwriting decision (if any) will be made by the relevant insurance company regarding the customer's eligibility to purchase this insurance product.
  6. This document does not constitute the making of any offer or invitation to subscribe for insurance products nor does it amount to solicitation by Citibank Berhad, Citibank N.A., Citigroup Inc. or any of their affiliates or subsidiaries for subscription of insurance products by anyone in any jurisdictions in which the making of such offer or invitation to subscribe or the solicitation thereof is not authorised or to any person to whom it is unlawful to make such offer, invitation or solicitation.
  7. This document also does not constitute the distribution of any information by any one in any jurisdiction in which such distribution is not authorised or to any person to whom it is unlawful to distribute such a document.
  8. Please refer to the Product Disclosure Sheet for further details. All benefits listed above are subject to terms and conditions. You are advised to read and understand the product terms and conditions before you decide to purchase the policy.

IMPORTANT NOTE :

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. You must evaluate your options carefully and satisfy yourself that the investment-linked plan chosen meet your risk appetite, and that you can afford the premium throughout the policy duration. To increase investment value at any time, it is advisable that you pay the additional premiums as "Top ups". Return on an investment-linked fund is not guaranteed.