Alright ladies and gentlemen, this is a pretty good product, for females.
- it has a few of the standard coverage also offered by other companies ladies’ plan such as:
- death and disability benefit
- female illness benefit
- pregnancy complications
- details for the above attached at the bottom of the post
- it also has pretty good cash compensation:
- cash value that accumulates year by year
- 3% of sum assured for marriage, and/or childbirth
- if no claim for marriage or childbirth, then you get 12% at age 55
- also, there’s a yearly cash bonus starting at 10%, and increasing by +1% each year based on your Vitality status. it goes up to 50%. even say at 25%, that’s incredible savings.
- following number (2.) above, for example, if you’re 23 and you got the 150K sum assured plan, which is about RM 3,500 per year
- when you get married, 3% is RM 4,500
- you will also get RM 4,500 per childbirth
- at age 55, you’ll receive 12%, less the payout from marriage or childbirth, if any
- this plan is the gateway to a guaranteed approval when you apply for a pre-natal baby plan (A-Life Joy Xtra/ ALJX)!!
- do you know how many declined applications i receive per year for pre-natal plans?? it’s very frustrating, to the expectant mother especially
- this plan takes that worry away
- of course, there’s another cash bonus, on top of (3.). it’s another 3%!!
- so if you have this plan, and apply for ALJX, that’s RM 9K when the child is born, based on the 150K sum assured
- things to note:
- entry age between 16-45, females only. there is no male counterpart to this plan
- this plan does not come attached with a medical card, CI or PA coverage. it’s not meant as your first or only insurance plan
- to get the most benefit out of Vitality, you’re encouraged to be a physically active person
Cheers! - wan