SECURE GROWTH

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 is an investment-linked insurance plan that lets you enjoy the combination of insurance protection, guaranteed cash endowment of up to 330% as well as a guaranteed pay out upon maturity.


With Secure Growth, you’ll be covered for death and Total Permanent Disability (TPD) with additional pay out for accident-related incidents, while you reap potential investment returns.

BENEFITS

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

Benefits Coverage
SHORT-TERM COMMITMENT Pay for only 4 years to enjoy continuous insurance protection and Guaranteed Cash Endowment for 15, 20 or 30 years.
UP TO 330% GUARANTEED CASH ENDOWMENT PAYOUT

Receive a Guaranteed Cash Endowment payout at the end of every year; which you can choose either to reinvest into the funds or cash payout.

End of Policy Year Guaranteed Cash Endowment
(% of Basic 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%
DEATH OR TOTAL PERMANENT DISABILITY (TPD) BENEFITS

Note: maximum payout is subject to RM4 million per life

Receive the higher payout, depending on your circumstances at the time of claim

a)125% (for entry age of up to 50) or 105% (for entry age of 51 to 65) of the total basic premium paid less Guaranteed Cash Endowment received by you (if any); or

b)Guaranteed Cash Value;

Plus account value (if any)1

1 The total value of units will be based on the actual performance of the investment-linked fund and it is not guaranteed.

ACCIDENTAL DEATH OR TOTAL AND PERMANENT DISABILITY BENEFITS Receive 100% of the total basic premium paid up to RM2,000,000 per life if death due to accident before age 70 or TPD due to accident before age 65, in addition to the Death or TPD Benefits.
UP TO 165% GUARANTEED MATURITY BENEFIT PLUS ACCOUNT VALUE (IF ANY)

When your policy matures (subject to all premiums are paid up to date and no claims have been made), you will receive a Guaranteed Maturity Value:

Policy Term 15 Years 20 Years 30 Years
% of Basic
Sum Insured
165% 135% 45%

Plus Account Value1 (if any).

1 The total value of units will be based on the actual performance of the investment-linked fund and it is not guaranteed.

SIMPLIFIED ISSUANCE OFFER (SIO) Avoid lengthy questions and with just a few simple health 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 premiums are paid up to date.

Note: The above information are non-exhaustive. Please refer to the policy contract for the full list of exclusions under this policy.

REQUIREMENTS

Secure Growth Eligibility Requirements

ENTRY AGE

Basic Plan

Minimum Maximum
15 days old 65 years old
SUM ASSURED
Minimum Maximum
RM 20,000 Subject to underwriting
UNDERWRITING Answer a few simple health questions
FIND OUT MORE

To know more about Secure Growth, 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
What is the eligibility age that can be insured under Secure Growth?

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

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

Premiums for Secure Growth are guaranteed and payable for 4 years only. However, premiums for riders are not guaranteed and may change upon renewal.

How would I receive my Guaranteed Cash Endowment?

You can choose one of the following options:

  • 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.

How do I track the fund performance?

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

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. The minimum amount to withdraw is RM1,000 subject to the minimum account balance of RM3,000.
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.


*

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 a medium to long-term period by investing in Shariah-approved securities. The plan itself is not a Shariah-compliant product.
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 5:00pm (except public holidays). They will assist and make the claim process as easy as possible for you.

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.

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Key Exclusions

Suicide

If the Insured commits suicide or attempted suicide, while sane or insane within 12 months from the Issue Date or any date of reinstatement of this Policy, whichever is later, the Death Proceeds are limited to the aggregate of the following, less any indebtedness and without interest:

  1. Total Unallocated Premium paid from the Issue Date or any date of reinstatement of this Policy, whichever is later; and
  2. Total values of Units deducted for the Service Charge based on net asset value on the next Valuation Day, from the Issue Date or any date of reinstatement of this Policy, whichever is later; and
  3. Account Value (if any).

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.

Disclaimers:

  1. 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 cash value may be less than the total premium paid.
  2. 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 AXA AFFIN Life Insurance Berhad (723739-W).
  3. 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. All claims under the policy will be solely decided upon by insurance company.
  4. 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.
  5. 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.
  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 a¬fford the premium throughout the premium paying term. 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.