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KUALA LUMPUR, April 18 (Bernama) -- Allianz Life Insurance Malaysia Bhd (Allianz Life) is aiming to provide some certainty in these uncertain times with the launch of its new investment-linked plan (ILP): Allianz UltimateLink and medical rider plan HealthInsured.
Allianz UltimateLink is a regular premium ILP that has a wide range of mix-and-match optional benefits in one plan with comprehensive life coverage, Allianz Life said in a statement today.
“It also comes with a Conditional In-Force Guarantee, which means the policy will not lapse, with terms and conditions, due to insufficient units to pay for all the policy charges during the first six years.
“Meanwhile, HealthInsured is a guaranteed, renewable unit deducting hospitalisation and surgical (H&S) rider plan that provides a high overall annual limit of up to RM5 million for comprehensive medical coverage including cancer, emergency accident as well as COVID-19,” it said.
In addition, early birds whose policies are submitted during the launch of the campaign period, from March 16 until April 30, 2022, will enjoy a guaranteed rate for Cost of Insurance (COI) for the first five years, the statement added.
Allianz Life chief executive officer Charles Ong said as an insurer, the company strives to be there for customers in difficult times and respond within its capacity to policyholders as the country prepares to live with COVID-19 in an endemic phase.
“We need to make changes to our future plans and be as adaptive as we can in unpredictable situations. As everyone has different needs, we developed Allianz UltimateLink which allows customers to customise their protection coverage based on their needs and means.
“As for HealthInsured, it is created with different deductible options that can complement existing medical coverage one already has,” said Ong.
Meanwhile, he noted that HealthInsured consists of four plans which offer different levels of benefits, namely Plan 150, Plan 200, Plan 300 and Plan 500.
Plan 200 and above come with COVID-19 coverage and different levels of deductible options, it also comes with a retirement option which allows policy owners to convert their deductible plan to a zero deductible plan when the person insured reaches 60-years-old.
Otherwise, policy owners could opt to continue with their current deductible level to make their medical plan more affordable.
Meanwhile, he said that Plan 150 is not only affordable but also designed with essential coverages which provide protection in the event of hospitalisation.
Ong said HealthInsured’s policyholders could also enjoy value-added services including medical-assisted attention at home with Allianz Care@Home, and obtain second opinions regarding their conditions from medical professionals around the world.
For more details on Allianz UltimateLink and HealthInsured, visit https://www.allianz.com.my/personal/life-health-and-savings.html or contact 1-300-22-5542 or email email@example.com.
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