SECURE GROWTH PLUS

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

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

By paying for 4 years only, Secure Growth Plus is an investment-linked insurance plan that provides coverage on death, Total and Permanent Disability (TPD) together with additional pay out for death or TPD (up to age 70) caused by accident. The best part of it, this plan comes with No Lapse Guaranteed where the policy is guaranteed to be kept in-force until maturity as long as the basic premiums are paid up to date. You'll enjoy a maturity pay out benefit if no claim is made at the end of the policy term.


Secure Growth Plus also comes with 3 optional supplementary benefits that provides Guaranteed Cash Endowment (GCE) starting from end of policy year 1 until maturity or waives the future Regular Premium due in the event of death, TPD or diagnosis of one or more covered Critical Illnesses.

BENEFITS

Secure Growth Plus – Key Features of the Investment-linked Insurance Plan

Features1 Basic Plan With Optional Cash Income Rider
Short-Term Commitment Pay regular premiums for only 4 years to enjoy continuous insurance protection for 15, 20 or 30 years.
Death / Total and Permanent Disability

In the event of the Insured’s death, the Basic Sum Insured plus Account Value2 (if any), less any fees, charges or interests.

Class Entry age Revised Amount of Basic Sum Insured
Standard Up to 50 100% of Basic Sum Insured
51 to 65 80% of Basic Sum Insured
Special Up to 65 80% of Basic Sum Insured

Receive higher of

a) 125% / 105%3 of the total Cash Income Rider Premium paid less Guaranteed Cash Endowment (GCE) received by Owner (if any); or

b) Guaranteed Cash Value;

Accidental Death or Total and Permanent Disability Benefits

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 Basic Sum Insured will be payable on top of the Death or TPD Benefit subject to RM 2,000,000 per life.

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 Cash Income Rider Premium paid will be payable on top of the Death or TPD Benefit subject to RM 2,000,000 per life.

Guaranteed Cash Endowment Not applicable

Receive a Guaranteed Cash Endowment payout starting from end of 1st policy year; which you can choose either to reinvest into the funds or withdraw at the end of every policy year.

End of Policy Year Guaranteed Cash Endowment(% of Rider Sum Insured)
15 Years 20 Years 30 Years
1-5 6% 6% 6%
6-10 12% 12% 12%
11-15 12% 12% 12%
16-20 - 12% 12%
21-25 - - 12%
26-30 - - 12%
Total 150% 210% 330%
Maturity Benefit (Not Guaranteed)

When your policy matures, the maturity benefit will be equivalent to the Account Value4.

When your policy matures (subject to all premiums due are paid to date and no claim has been made), you will receive a lump sum payment of Guaranteed Maturity Value5.

Policy Term 15 years 20 years 30 years
% of Rider Sum Insured 165% 135% 45%
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.
No Lapse Guaranteed The policy is guaranteed to be kept in-force until maturity as long as the basic premiums are paid up to date.
Optional Riders Available

Cash Income Rider
AXA AFFIN Life will provides guaranteed cash endowment annually starting from 1st policy year and doubles up on the 6th policy year onwards, provided all premium due is paid and no claim. In addition, a lump sum payment will be payable upon death, TPD up to age 70, maturity and surrender.

Waiver of Premium Rider
AXA AFFIN Life will waive the future regular premium due under the basic plan, top-up and cash income rider (if any) upon Insured being diagnosed with one or more of the 36 covered Critical Illnesses (CI).

Payor Benefit Rider
AXA AFFIN Life will waive the future regular premium due under the basic plan, top-up and cash income rider (if any) in the event the Owner’s death, TPD or diagnosed with one or more of the 36 covered Critical Illnesses (CI)(prior to age 70).

1 Subject to the exclusions, terms & conditions in the policy contract
2 Account value is not guaranteed and will fluctuate (i.e. rise or fall) each year based on the performance of the assets the fund(s) invested in.
3 125% 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 51-65 or has been underwritten as substandard life.
4 The total value of units will be based on the actual performance of the investment-linked fund and it is not guaranteed.
5 With the attachment of optional Cash Income Rider (CIR). The Guaranteed Maturity Value will not be payable for policy on premium holiday.

REQUIREMENTS

Requirement

Entry Age

Basic Plan:

Minimum Maximum
Insured1 15 days 65 years old
Owner 18 years old 99 years old

Riders:

Rider Minimum Maximum
Waiver of Premium Insured- 15 days Insured- 65 years old
Payor Benefit Rider Owner- 15 days Owner- 60 years old
Cash Income Rider Insured- 15 days
Owner- 18 years old
Insured- 65 years old
Owner- 99 years old
Sum Assured

Minimum Sum Assured : RM 6,250

Maximum Sum Assured :

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

Underwriting Simplified Issuance Offer (SIO)

1 For entry age up to 60 years, it is Simplified Issuance Offer (SIO) up to Sum Insured RM2,500,000. If Insured’s entry age is between 61 to 65 years, SIO for Sum Insured up to RM1,600,000.

FIND OUT MORE

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

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Note: In accordance with our privacy policy, any details that you submit for the purpose mentioned above will not be shared with third parties.

FAQ

FAQ – CBOL

1. What is the eligibility age that can be insured under Secure Growth Plus?

Anyone aged between 15 days and 65 years old on last birthday.

2. Are the premiums for Secure Growth Plus and Supplementary Benefits payable guaranteed?

Premiums for Secure Growth Plus and Cash Income Rider are guaranteed and payable for 4 years only. However, premiums for other attachable riders are not guaranteed and may change upon renewal.

3. How would I receive my Guaranteed Cash Endowment?

Guaranteed Cash Endowment is only applicable when Cash Income Rider is attached to your policy.

You can choose one of the following options to receive your Guaranteed Cash Endowment:

  • To receive the Guaranteed Cash Endowment every year by crediting into your account.
  • To invest the Guaranteed Cash Endowment into our professionally managed investment funds.

If no option is chosen, Guaranteed Cash Endowment will be invested into investment funds.

4. How do I track the fund performance?

Unit prices are published daily in major newspapers and at www.axa.com.my.

5. What are the fees* involved?
Service Charge RM6 per month is applied to the basic plan.
Fund Switching No charge for fund switching.
Partial Withdrawal No charge for partial withdrawal transactions.
Fund Management Fees
Dana Income Plus** 1.00% p.a.
Select Bond Fund 1.00% p.a.
Select Balanced Fund 1.50% p.a.
Select Dividend Fund 1.50% p.a.
Select Income Fund 1.50% p.a.
Select Opportunity Fund 1.50% p.a.


*

These fees are not guaranteed and may be varied from time to time. We will notify you in writing not less than 90 days or such shorter period as agreed with the regulator for any change of the fees or imposing new fees.

** Dana Income Plus aims to provide a steady income stream over the medium to long-term period by investing in Shariah-approved securities. The plan itself is not a Shariah-compliant product.
6. How do I make a claim?

Call AXA AFFIN Life Insurance Berhad at 1 300 88 1616 from Monday to Thursday between 8.30 am and 5.30 pm and Friday between 8:30 am and 5:00 pm (except public holidays). They will assist and make the claim process as easy as possible for you.

7. Can I surrender my policy?

Yes. You may surrender your policy for its Account Value, if any. However, it may not be to your advantage if you were to surrender your policy. If you surrender your policy in the early years, you may get back lesser than the total amount of premium that you have paid.

8. Is Secure Growth Plus insured by PIDM?

Certain insurance policies issued by licensed insurance companies under the Financial Services Act 2013 is eligible for protection under the Takaful and insurance Benefits System (TIPS). For details on the type of benefits eligible under the TIPS and related protection limits, please visit PIDM website (www.pidm.gov.my) or call PIDM toll free line at 1-800-88-1266. Alternatively, you may also obtain a copy of the TIPS brochure from our branches.


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.
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Key Exclusions

Suicide

If the Insured commits suicide within twelve (12) months from the Issue Date or any date of reinstatement, whichever is later, whether sane or insane, the Death Proceeds are limited to the aggregate of the following:

  1. Total Premium Charge paid from the Issue Date or any date of reinstatement, whichever is later;
  2. Total values of Units deducted for Service Charges based on Net Asset Value on the next Valuation Day, from the Issue Date or any date of reinstatement, whichever is later; and
  3. Account Value without interest in accordance with the Death Benefit provision.

Total & Permanent Disability (TPD)

AXA Affin Life Insurance Berhad 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

AXA Affin Life Insurance Berhad 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; or
  2. Disease or infection of any kind (unless the bacterial infections occur in connection with or as a consequence of Accidental Bodily Injury); or
  3. Taking poison, drugs not prescribed by Medical Practitioner, alcohol, sedatives, or inhaling gas (except from hazard incidental to occupation); or
  4. The attempt or commission of assault or unlawful act by the Insured; or
  5. Any act due to war, declared or not, military, naval or air service for any country at war, declared or not; or
  6. Travel or flight in any aircraft, except as a fare-paying passenger on a public licensed air service; or
  7. Pregnancy, childbirth, miscarriage or any of their consequences; or
  8. Pre-existing physical or mental defect or infirmity; or
  9. Any act due to riot and civil commotion; or
  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

  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.

Disclaimers:

Important Notes:

  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 (Co. No .723739-W).
  2. This is an insurance product of AXA AFFIN Life Insurance Berhad (Co. No. 723739-W) and its address is Chulan Tower, No. 3 Jalan Conlay, 50450 Kuala Lumpur licensed under Financial Services Act 2013 and regulated by Bank Negara Malaysia. 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. Tax benefits (if applicable) are governed by local regulations and subject to changes in the tax laws. Citibank and its employees are not in the business of providing tax advice.
  8. Please ask for a copy of 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.