Foong May Hoong ( ) Lai Chun Huang ( ) Lee Min Chong ( ) - Tutorial 7

 Do comparative analysis of different local life insurance products  Do comparative analysis of different local medical insurance products  Check their purpose  Check their benefit

 Internet source ◦ Location of insurance company ◦ Discussion about insurance products  AIA at Menara Axis, Section 51a, PJ  Chartis at Jaya One, Section 13, PJ  Prudential at Jaya 33, Section 14, PJ

Life Insurance

 helps to support your standard of living during your younger days and build foundation for future of your family.  helps to supplement your retirement income, providing you with the financial freedom when it matters most after retirement.  Features:- ◦ Pay for 10 years ◦ Enjoy 4% guaranteed bonus return (from total assured) starting from 11th years onwards until age 88 ◦ Enjoy dividend benefit depend on the company's investment return ◦ Free life insurance ◦ Death benefit of 130% of initial sum assured for 10 or more policy years ◦ Including premium waiver ◦ Plan can be continue up to 3 generation ◦ You, your son(bonus every month) and grandchildren (lump sum) ◦ Maturity benefit is 130% initial sum assured

 simple yet effective Personal Accident Plan  consisting of fantastic winning feature that give you protection every minute of the day.  provides compensation in the event of injuries, disability or death caused by a sudden and unforeseen accident.  Features:- ◦ The premium and benefits are according to respective occupation class ◦ Enjoy lifetime coverage when policy is renewed yearly ◦ Plan cover 24/7/365 worldwide ◦ Total permanent disablement with 50% more than principal sum assured of accidental death benefit. ◦ Renewal bonus of 10% per policy year, up to 50% of principal sum assured of accidental death benefit.

 Features:- ◦ Entry age up to 75 years old. ◦ Discounted premium for non-motor cyclists. ◦ Benefit for death due to dengue fever. ◦ Personal liability up to RM100,000. ◦ Kidnap benefit up to RM25,000.  Purchase of prosthesis / wheelchair up to RM1,000.  Benefit for death or injury resulting from terrorism.

 provides life protection and investment by customizing your plan for every stage of your life  Can choose from a range of add-on covers to suit your budget and prevailing needs.  Features:- ◦ Complete protection and flexibility for every stage of your life (single > married > parents > retirement) ◦ Enhance your plan with new and extended range of covers. ◦ Diversify your investment opportunities

Medical Insurance

 ExcelCare Plus - provides for hospitalization and surgical expenses incurred which sometimes can dry up your saving  Features:- ◦ ExcelCare Plus  A choice of medical reimbursement lifetime limit ranging from RM200,000 to as high as RM700,00  24-hour protection  Lifelong protection to age 100  Zero co-insurance for claims within a specified amount  Lower rates via the Family Plan  Hassle-free assistance in your admission to the hospital via AIA Health Services  Worldwide coverage

 helps protect you with lump sum cash, and the funds can be used for medical and everyday expenses during recovery  provides compensation if you are diagnosed to be suffering from a critical illness for the first time  provides a Second Opinion benefit.  Features:- ◦ Entry age up to 61 years old. ◦ Flexibility of choosing your preferred healthcare provider ◦ Privileged access to medical advice from world-class doctor with Tele-Medicine Access

 reimburses major medical expenses incurred in the event of hospitalization, surgery or outpatient treatment.  Features:- ◦ No Claims Bonus (NCB) for those who do not make any claims for the year. ◦ Comprehensive coverage for hospitalization and surgery bills ◦ Option to waive the annual claims limit ◦ Able to choose the plan that suit your budget ◦ Coverage of up to age 100

Highlighted features

 AIA’s Guaranteed Income Provider (GIP) saving plan  GIP is a very attractive saving plan. Just have a look at the example on the next slide.

(Total Sum Assured = RM ) A 30- year-old owner purchases GIP from AIA He/she pays for 10 years premium When the owner 41 years old, he/she gets 4% bonus payout = RM 4000 Get until age 80 (up to age 88) 4000 x 40 = RM The owner decide to transfer ownership to his son (age 40 years) His son can continue enjoy 4% bonus until age x 35 = RM (the saved money keep growing with 4% interest + yearly dividend) The grandson is the nominees will get the lump sums of money. Estimated value is RM and above (can reach million) So, for a payment of 10 year for amount of RM , you and family will enjoy estimated value of RM RM RM = RM