Buying insurance for the first time can be a daunting experience. But there’s no need to worry. Just take on board these handy tips. Purchasing a plan is an uncomplicated process that will reap lifelong rewards.
Hopefully you are happy and healthy as you read this. No one wants to think about the worst happening – but it’s always good to plan for the unexpected. Making sure that your family and loved ones are taken care of gives you peace of mind and a sense of security.
Buying life insurance may be a little overwhelming – especially if you are a first-time buyer. To help you sort out your priorities, here are a few tips to keep in mind.
Nobody can predict what tomorrow brings. But instead of leaving your loved ones’ future to chance, you can take proactive steps to ensure their financial security with Great MaxiProtector. In an uncertain world, it’s a great way to show them you care, while ensuring your own peace of mind.
Great MaxiProtector is an affordable whole life insurance plan that matures at the age of 99. Depending on your needs and budget, it provides you with the insurance coverage you need. Should an unexpected event happen, and you are unable to provide protection for your loved ones, it will help to take care of their needs when they require financial assistance most.
Affordable protection for life
Offering lifetime protection, Great MaxiProtector helps ensure greater financial stability for you and your loved ones.
Financial security for your family
The plan ensures that your family will have the resources to maintain their way of life by paying the basic sum assured in a lump sum if death occurs
Be protected against TPD
Upon Total and Permanent Disability (TPD) before the age of 65, the basic sum assured will be paid, to help meet the needs of you and your family.
Maturity benefit:
Upon maturity of the plan, the basic sum assured will be paid out.
Boost your protection with added benefits:
Enhance your protection even further by adding supplementary benefits/riders that provide additional protection such as coverage for critical illness, or accidents.
With SmartProtect Essential, you can achieve your goals with greater confidence. This is an affordable plan that allows you to work towards your goals and live the life you want while providing you with a personal safety net.
You will enjoy comprehensive coverage against unexpected events from as low as RM100 a month and you can further enhance your protection with additional hospitalisation and medical benefits.
Make your money work for you
Starting with just RM100 a month, this investment-linked insurance plan offers you life coverage and an investment allocation that grows over time.
1% more on sum assured every year
With a sum assured that grows 1% every year throughout your plan term, your loved ones will not be financially burdened should the unexpected occur.
Be protected against the unexpected
In case of death or TPD, the sum assured and your total investment value will offer your loved ones the financial resources they’ll need to carry on.
Choose your protection and investment levels:
Start with just a little, but as your financial options grow wider, you can vary the protection and investment levels according to your later needs. You can also boost your policy’s investment value via single premium top-ups (minimum amount of RM1,000) – effectively providing a fresh injection of 95% of the paid premium to unit funds, and bolstering your investment value and potential returns.
Pick your own funds:
You get to pick and invest in whatever best suits you at any time. Our range of professionally managed funds will cater to your risk appetite and investment style. If you ever change your mind, simply make a new selection.
Extra protection:
Enjoy additional peace of mind by attaching comprehensive riders that provides additional protection against unexpected emergencies, critical illness, accidents, hospitalization, and many more.
No-Lapse Guarantee in the early policy years:
A ‘No-Lapse Guarantee’ in the first three policy years ensures that your policy will continue to remain in-force even if your Total Investment Value (TIV) becomes zero, so long as the premiums are paid consistently on each premium due date, or during the grace period, and no withdrawal is made within the first three policy years.
Tax relief:
Benefits received from SmartProtect Essential are generally non-taxable and premiums paid may qualify for tax relief. However, tax benefits are subject to the Malaysian Income Tax Act, 1967, and final decision of the Inland Revenue Board.
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