SECURE GROWTH PREMIER

Build your savings with a protection plan that grows with your family

Build your savings with a protection plan that grows with your family

Secure Growth Premier is an endowment insurance plan which provides a combination of protection, savings and investment. This plan consists of non-participating and investment-linked component, with limited premium payment term of 4 years. 92% from the premium paid will be allocated into non-participating endowment component and 8% from the premium paid will be allocated into Investment-linked component where 95% of the investment-linked premium will be allocated to purchase units in the selected investment fund(s).


This plan provides insurance coverage upon Death or Total and Permanent Disability (TPD) up to age 70. This plan pays Guaranteed Cash Endowment (GCE) payable annually starting from the end of first policy year and doubles up on the sixth policy year onwards, provided that all premiums due are fully paid and no claim is reported. The plan also provides loyalty bonus every 2 years starting from the end of sixth policy year. Upon maturity, Guaranteed Maturity Value and Maturity Booster will be payable. This plan also comes with two (2) optional riders:

  1. Waiver of Premium - waive the future regular premium due under the basic plan upon Insured being diagnosed with one or more of the covered Critical Illnesses (CI).
  2. Payor Benefit Rider - waive the future regular premium due under the basic plan in the event the Owner’s death, TPD or diagnosed with one or more of the covered Critical Illnesses (CI).

BENEFITS

Features at a Glance

Short-Term Commitment Pay for only 4 years to enjoy continuous insurance protection for 15, 20 or 30 years.
Death

In the event of the Insured’s death, the amount payable shall be as follow:

The higher of:

i) 110% / 105%1 (based on the Insured’s entry age) of the Total Premium paid less Guaranteed Cash Endowment (GCE) received (if any);or

ii) Guaranteed Cash Value(GCV) plus Account Value (if any), less any indebtedness.

Note:
1110% for Insured’s entry age last birthday (ALB) up to age 50 and has been underwritten as standard life, 105% for Insured’s entry ALB 51 to70 or has been underwritten as substandard life.

Total Premium refers to premiums payable under the Investment-Linked component and Non-Participating component.

Total and Permanent Disability

Before the Policy Anniversary or following the Insured’s 70th birthday, the Company will accelerate the payment of the death benefit and payable to policy owner upon confirmation that the Insured suffers from Total and Permanent Disability (TPD). The TPD benefit payable shall be as follow:

The higher of:

i) 110% / 105%2 (based on the Insured’s entry age) of the Total Premium paid less GCE received (if any); or

ii) Guaranteed Cash Value plus Account Value (if any), less any indebtedness

2110% for Insured’s entry age last birthday (ALB) up to age 50 and has been underwritten as standard life, 105% for Insured’s entry ALB 51 to 70 or has been underwritten as substandard life.

The TPD benefit may only be claimed once against this policy and the amount payable under this Policy and all policies on the same life is subject to the following conditions:

i) If the TPD benefit under the same life is less than or equal to RM1,500,000, the Insured will receive the TPD benefit and the Account Value in one lump sum. Thereafter the policy shall terminate.

ii) If the TPD benefit under the same life is more than RM1,500,000 but less than or equal to RM 4,000,000, the amount payable for the same life shall be in a lump sum payment of RM 1,500,000; and the balance of the TPD benefit and the Account Value (if any), shall be payable 12 months after the date of the first lump sum payment and provided that the TPD has existed continuously. Thereafter the policy shall terminate.

iii) If the TPD benefit under the same life is more than RM 4,000,000, the maximum TPD benefit of RM 4,000,000 shall be payable according to (ii) above. The balance of TPD benefit and Account Value (if any), shall be payable upon Death of the Insured. Thereafter the policy shall terminate.

The following shall cease upon TPD of the Insured:

i) any future premium payment for Basic Policy and any supplementary benefits attached to this Policy;

ii) any future GCE, Loyalty Bonus and Maturity Benefit; and

iii) any supplementary benefits attached to this Policy. The terms and conditions stated in the supplementary benefits contract shall apply.

Accidental Death & Total and Permanent Disability

In the event the Insured dies prior to Age 70 or is totally and permanently disabled prior to Age 70 due to Accident whichever is earlier, additional 100% of the Total Premium paid will be payable on top of the Death or TPD Benefit. This maximum amount payable under this benefit is subject to RM 2,000,000 per life.

Upon full payment of the Accidental Death or TPD Benefit, the benefit will be terminated.

Guaranteed Cash Endowment (GCE)

A percentage of Sum Insured will be payable annually starting from end of 1st policy year, provided Total Premiums due are paid and there is no claim.

On the survival of the Insured at the end of Policy Year Guaranteed Cash Endowment as percentage of the Basic Sum Insured
Policy Term
15 Years 20 Years 30 Years
1-5 5% 5% 5%
6-10 5% 5% 5%
11-15 15% 10% 10%
16-20 - 20% 10%
21-25 - - 10%
26-30 - - 30%

GCE can be invested into the fund(s) in accordance to the fund allocation instruction at 100% allocation rate. GCE can also be withdrawn every year to credit into the customer’s bank account as stated in proposal form or any update during the policy tenure.

Note:If no option has been selected, GCE declared will be invested in accordance to the fund allocation instruction stated in the proposal form or any update during the policy tenure.

Loyalty Bonus

Provided the policy is still in force and total premium are paid up to date, an additional 1% of the average monthly Account Value over the preceding 2 years prior to the date of bonus payment to be payable every 2nd Policy Anniversary, starting from the 6th Policy Anniversary onwards. The amount shall be calculated at the Nett Asset Value(NAV) at the next valuation date immediately after the policy anniversary where the Loyalty Bonus is payable and credited into the Account Value.

Maturity Benefit

Upon maturity, the following will be payable provided Total Premiums due are paid up to date and there’s no claim made:

a) Guaranteed Maturity Value

This is based on the coverage term as below table;

Coverage Term % of Sum Insured
15 years 190%
20 years 147%
30 years 44%

b) Maturity Booster Benefit

An additional percentage of average monthly Account Value over the preceding 10 years, payable upon maturity. This additional percentage of the Account Value shall be subject to a maximum of Sum Insured as per the table below and availability of Account Value at maturity date. The amount shall be calculated at the NAV at the next valuation date immediately after the Maturity Date.

Policy Term Percentage of the Average Monthly Account Value over the preceding 10 years prior to maturity Maximum Amount Payable (% of Basic Sum Insured)
15 years 7.5% 25%
20 years 10% 35%
30 years 15% 55%

c) Account value

less any indebtedness.

Simplified Issuance Offer (SIO) Avoid lengthy questions and with just a few simple questions, you will be able to kick-start your insurance plan today with Simplified Issuance Offer underwriting requirement.
No Lapse Guarantee The policy is guaranteed to be kept in-force until maturity as long as the basic premiums are paid up to date.
Riders Available

Waiver of Premium
AXA AFFIN Life will waive the future regular premium due under the basic plan upon Insured being diagnosed with one or more of the covered Critical Illnesses (CI).

Payor Benefit Rider
AXA AFFIN Life will waive the future regular premium due under the basic plan in the event the Owner’s death, TPD or diagnosed with one or more of the covered Critical Illnesses (CI).

REQUIREMENTS

Requirement

Entry Age

Basic Plan:

Minimum Maximum
Insured 15 days 70 years old
Owner 18 years old 80 years old

Riders:

Rider Minimum Maximum
Waiver of Premium Insured- 15 days Insured- 65 years old
Payor Benefit Rider Owner- 15 days Owner- 65 years old
Sum Assured

Minimum Sum Assured : RM 10,000

Maximum Sum Assured :

Death - Subject to underwriting
TPD - RM4,000,000 per life

FIND OUT MORE

To know more about Secure Growth Premier, please leave your name and contact details for us to contact you.

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FAQ
THE INVESTMENT-LINKED COMPONENT IS TIED TO THE PERFORMANCE OF UNDERLYING ASSETS, AND IS NOT A PURE INVESTMENT PRODUCT SUCH AS UNIT TRUST. YOU MUST EVALUATE YOUR OPTIONS CAREFULLY AND SATISFY YOURSELF THAT THE 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 MAKE ADDITIONAL PREMIUM AS LUMP SUM TOP-UP PREMIUMS. RETURN ON AN INVESTMENT-LINKED FUND IS NOT GUARANTEED. BUYING A LIFE POLICY IS A LONG-TERM COMMITMENT. YOU MUST CHOOSE THE TYPE OF PLAN THAT BEST SUITS YOUR PERSONAL CIRCUMTANCES.
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Key Exclusions

Death

The Company will not be liable to pay the Death Benefit if the Insured’s Death is resulting from the following:

  1. If the Insured commits suicide within twelve (12) months from the Issue Date or any date of reinstatement, whichever is later.

Total & Permanent Disability (TPD)

The Company will not be liable to pay the TPD Benefit if the Insured’s TPD is resulting from one or more of the following:

  1. Intentional self-inflicted injury; or
  2. Any act due to war, declared or not; or
  3. Military, naval or air service for any country at war, declared or not; or
  4. Any pre-existing, or recurring, injury or disablement which the Insured suffered prior to Issue Date or date of reinstatement of this Policy, whichever is later; or
  5. Participation in hazardous activities like boxing, skiing, wrestling, diving, mountaineering, rappelling, river rafting, rapid shooting, any form of racing other than on foot, or any speed or endurance contest.

Accidental Death / TPD Benefit

The Company will not be liable to pay the TPD Benefit if the Insured’s TPD is resulting from one or more of the following:

  1. Any self-inflicted injury or suicide, while sane or insane;
  2. Disease or infection of any kind (unless the bacterial infections occur in connection with or as a consequence of Accidental Bodily Injury);
  3. Taking poison, drugs not prescribed by Medical Practitioner, alcohol, sedatives, or inhaling gas (except from hazard incidental to occupation);
  4. The attempt or commission of assault or unlawful act by the Insured;
  5. Any act due to war, declared or not, military, naval or air service for any country at war, declared or not;
  6. Travel or flight in any aircraft, except as a fare-paying passenger on a public licensed air service;
  7. Pregnancy, childbirth, miscarriage or any of their consequences;
  8. Pre-existing physical or mental defect or infirmity;
  9. Any act due to riot and civil commotion;
  10. Any pre-existing, or recurring, injury or disablement which the Insured suffered prior to Issue Date or any date of reinstatement of this Policy, whichever is later; or
  11. Participation in hazardous activities like boxing, skiing, wrestling, diving, mountaineering, rappelling, river rafting, rapid shooting, any form of racing other than on foot, or any speed or endurance contest.

Critical Illness (For Waiver of Premier and Payor Benefit Rider)

  1. Any Pre-Existing Illness which the Owner suffered prior to the Supplement Effective Date or any date of reinstatement of this supplement, whichever is later; or
  2. If the Owner is diagnosed with any Critical Illness within 30 days following the Supplement Effective Date or any date of reinstatement of this supplement, whichever is later, except for (iii) as set out below; or
  3. If the Owner is diagnosed with Heart Attack, Coronary Artery Disease Requiring Surgery, Serious Coronary Artery Disease, or Cancer within 60 days following the Supplement Effective Date or any date of reinstatement of this supplement, whichever is later; or
  4. If the Critical Illness is caused by or related to any Human Immuno-deficiency Virus (HIV) including Acquired Immune Deficiency Syndrome (AIDS) and/or any mutations, derivations or variations thereof, other than HIV Infection Due to Blood Transfusion.

Note:
This list is non-exhaustive. Please refer to the policy contract for the full list of exclusions under this policy.

Disclaimers:

Important Note:

  1. This write-up is for general information 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 AXA AFFIN Life Insurance Berhad (200601003992).
  2. This is an insurance product of AXA AFFIN Life Insurance Berhad. It is not a bank deposit or obligation of or guaranteed by Citibank Berhad, Citbank NA, CitiGroup Inc., or any of their affiliates or subsidiaries.
  3. Buying an insurance policy is OPTIONAL. You should satisfy yourself that this insurance product will best serve your needs and objectives, and that the premium payable under the policy contract is an amount you can afford.
  4. There may be eligibility criteria to purchase this insurance product. An underwriting decision (if any) will be made by AXA AFFIN Life Insurance Berhad regarding the customer’s eligibility to purchase this insurance product.
  5. 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 NA, CitiGroup Inc., or any of their affiliates or subsidiaries for applications of insurance products by anyone in any jurisdiction in which the making of such offer or invitation to subscribe or the solicitation thereof is not authorized or to any person to whom it is unlawful to make such an offer, invitation or solicitation.
  6. This write-up does not constitute the distribution of any information by anyone in any jurisdiction in which such distribution is not authorized or to any person to whom it is unlawful to distribute such a document.
  7. This insurance plan is underwritten by AXA AFFIN Life Insurance Berhad (200601003992) licensed under the Financial Services Act 2013 and regulated by Bank Negara Malaysia.
  8. Please ask for a copy of the Sales Illustration and 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.