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A Personalised Life Insurance Solution For

Name
XXX

Plan
Income Provider (20P30E)

Presented By
SYLVIANA UGAU (SUPER)

Date
05 Nov 2015

Allianz Life Insurance Malaysia Berhad (104248-X)


Allianz Arena, Ground Floor, Block 2A, Plaza Sentral, Jalan Stesen Sentral 5, Kuala Lumpur Sentral, 50470 Kuala Lumpur
Allianz Contact Center: 1-300-88-1028
Fax : 603-2264 8499
Website : www.allianz.com.my

Allianz Life Insurance Malaysia Berhad (104248-X)


Income Provider (20P30E)
DUTY OF DISCLOSURE
General Important Notice:

1.

Consumer Insurance Contract

Pursuant to Paragraph 5 Schedule 9 of the Financial Services Act 2013, if you are applying for this insurance wholly for purposes unrelated to your trade, business or
profession, you have a duty to take reasonable care not to make a misrepresentation in answering the questions required when applying to Allianz Life Insurance Malaysia
Berhad (ALIM) and in addition disclose any other matter that you know to be relevant to ALIMs decision in accepting the risks and determining the rates and terms to be
applied.
2.

Non-Consumer Insurance Contract

Pursuant to Paragraph 4(1) Schedule 9 of the Financial Services Act 2013, if you are applying for this insurance for purposes related to your trade, business or profession, you
have a duty to disclose any matter that you know to be relevant to ALIMs decision in accepting the risks and determining the rates and terms to be applied and any matter a
reasonable person in the circumstances could be expected to know to be relevant.
3.

This duty of disclosure for Consumer and Non-Consumer Insurance Contract shall continue until the time the contract is entered into, varied or renewed.

4.

It is important to notify ALIM of any change in contact details, including the mailing address, mobile phone no., the nominee and/or trustee.

Printed by : SYLVIANA UGAU (SUPER) 11/5/2015 @ 11:44AM


Version : ALIM e-Submission SIDE 4.3.0 Copyright 2015 Allianz Life Insurance Malaysia Berhad

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Allianz Life Insurance Malaysia Berhad (104248-X)


Income Provider (20P30E)
CLIENT PARTICULARS

Client Name

: XXX

Sex

: Male

Age Nearest Birthday

: 27

Smoker

: Non-Smoker

Premium Mode

: Monthly

Occupation Class

: 2

Basic Sum Assured (RM)

: 31,000.00

Basic Premium Amount (RM)

: 460.35

AGENT PARTICULARS

Agent Name

: SYLVIANA UGAU (SUPER)

PLAN DESCRIPTION
I.

Plan Name

II. Plan Type

: Income Provider (20P30E)


: Universal Life Plan (Modified Anticipated Endowment)

BENEFITS AND PREMIUMS


Basic/Riders

Coverage Term

Sum Assured/Benefit
(RM)

BASIC

30

31,000.00

Premium
(RM)

460.35

RIDERS
TOTAL PREMIUM
TOTAL GST
TOTAL PREMIUM (INCLUSIVE OF GST)

Printed by : SYLVIANA UGAU (SUPER) 11/5/2015 @ 11:44AM


Version : ALIM e-Submission SIDE 4.3.0 Copyright 2015 Allianz Life Insurance Malaysia Berhad

460.35
0.00
460.35

This Sales Illustration is for pre-sale purpose only

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Allianz Life Insurance Malaysia Berhad (104248-X)


Income Provider (20P30E)

Premium Payable

First 20 Years
Above 21 Years

Annually

Half Yearly

Quarterly

Monthly

(RM)

(RM)

(RM)

(RM)

5,115.00

2,659.80

1,355.48

460.35

0.00

0.00

0.00

0.00

IMPORTANT:

This is a summary illustration of projected benefits. It is intended to show the movements of possible cash flows for the investment and the impact of fees and charges on
Account Value based on illustration shown.
The projected returns used below are for illustrative purposes and not meant to show possible returns of investment. They are neither guaranteed nor based on past
performance.
The actual return may be even below the projected returns.

For further enquiries, please contact:


SYLVIANA UGAU (SUPER)

The above sales illustration includes the amount for Goods and Services Tax (GST) for applicable taxable supply. We will charge the relevant GST amount at 6% or at the prevailing
rate on the applicable portion of your insurance premium/fee/charges for the applicable period of insurance coverage from the GST implementation date onwards.

Printed by : SYLVIANA UGAU (SUPER) 11/5/2015 @ 11:44AM


Version : ALIM e-Submission SIDE 4.3.0 Copyright 2015 Allianz Life Insurance Malaysia Berhad

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Allianz Life Insurance Malaysia Berhad (104248-X)


Income Provider (20P30E)
PLAN DESCRIPTION

This is a Modified Anticipated Endowment Universal Life Plan that matures at the end of 30th policy year with 20 years premium payments term. The plan provides insurance
coverage upon death or Total and Permanent Disability of the Life Assured as well as Guaranteed Cash Payments from the end of 2nd policy year onwards.
a.

Death Benefit

Upon death of the Life Assured, the higher of the Prevailing Sum Assured or Account1 Value (as shown in illustration) shall be payable together with any remaining Account2
Value and accumulated Guaranteed Cash Payments deposited with the Company. The Prevailing Sum Assured payable shall be subject to the juvenile lien rule (as specified in the
table below). Thereafter, the policy shall terminate.
b.

Total and Permanent Disability (TPD) Benefit

Upon suffering Total and Permanent Disability, the higher of the Prevailing Sum Assured or Account1 Value (as shown in illustration) of up to a maximum of RM4 million (per Life
Assured) shall be payable together with any remaining Account2 Value and accumulated Guaranteed Cash Payments deposited with the Company provided:
i)

the policy is still in force; and

ii)

the Life Assured has not attained age 65.

The Prevailing Sum Assured shall be subject to the juvenile lien rule (as specified in the table below). Thereafter, the policy shall terminate.
Juvenile Lien Rule Table:
Age of Life Assured at Death or TPD

Percentage (%) of Prevailing Sum Assured Payable

15 days - 5 months

Return of Premium

6 months - 12 months

36.0%
53.5%
71.5%
89.5%
100.0%

13 months - 24 months
25 months - 36 months
37 months - 48 months
49 months and above
c.

Surrender Benefit

The Account1 Value less surrender charge plus any remaining Account2 Value and accumulated Guaranteed Cash Payments deposited with the Company shall be payable upon
surrender. The policy shall thereafter terminate upon payment of the surrender value.
d.

Maturity Benefit

The policy will mature at the end of 30th policy year. Provided all premiums due and interest charged on late premium payment are paid, the higher of the Prevailing Sum
Assured or Account1 Value shall be payable together with any remaining Account2 Value and accumulated Guaranteed Cash Payments deposited with the Company upon policy
maturity. If any premium due and interest charged on late premium payment are not paid before the policy matures, only Account1 Value together with any remaining Account2
Value and accumulated Guaranteed Cash Payment deposited with the Company shall be payable. Thereafter, the policy shall terminate.
e.

Guaranteed Cash Payment Benefit


Provided that all premiums due and any interest charged on late premium payment are paid at the end of each policy year before the Guaranteed Cash Payment is paid out, the
Guaranteed Cash Payments as a percentage of the basic sum assured (as shown in illustration) will be paid to the policy owner from the Policy Account1 at the end of 2nd policy
year onwards and every end of a policy year thereafter until the policy matures or terminates, whichever is earlier.

The Policy Owner may select one (1) of the following options by giving a written notice to the Company:
i) to deposit the Guaranteed Cash Payments with the Company to accumulate with interest at a rate to be determined by the Company which may vary from year to year; or
ii) To deposit the Guaranteed Cash Payment with the Company to be reinvested in the Policy Account2
In the event no option is elected, option (i) shall automatically apply.
Any remaining Account2 Value and accumulated Guaranteed Cash Payment deposited with the Company will be paid upon surrender, maturity, lapsation, Total and Permanent
Disability or death of the Life Assured, whichever is earlier.
f.

Investment Strategy

i) Policy Account2 Investment Strategy


Investment strategy for Policy Account2 is similar to Policy Account1, but only the amount in Policy Account2 can be withdrawn upon request. The crediting rate will closely
follow the investment returns of the assets in Policy Account1, which are mainly invested in high dividend yielding stocks, growth stocks and fixed income securities. A positive
Crediting Rate can result in an appreciation of the Account Value, while a negative Crediting Rate can result in a reduction of the Account Value.
ii) Deposit Account Investment Strategy
The interest rate for Deposit Account will depend on the investment return of the assets supporting the Deposit Account, which are mainly government bond and good quality
corporate bond.
g.

Surplus Participation

This plan does not participate in the divisible surplus of the Company's life insurance business.

Printed by : SYLVIANA UGAU (SUPER) 11/5/2015 @ 11:44AM


Version : ALIM e-Submission SIDE 4.3.0 Copyright 2015 Allianz Life Insurance Malaysia Berhad

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Allianz Life Insurance Malaysia Berhad (104248-X) - Income Provider (20P30E)


Client Name

: XXX
BASIC PLAN ILLUSTRATION
To deposit the Guaranteed Cash Payment with the Company to accumulate with interest

End of
Policy
Year

GUARANTEED

NON GUARANTEED BENEFITS AT PROJECTED RETURN

Premium Paid at
Beginning of Year

Guaranteed Cash
Payment

Death Benefit

(a)

(b)

(c)

Accumulated Guaranteed Cash Payment

Total Surrender Value

Total Death Benefit

SCENARIO A

SCENARIO B

SCENARIO A

SCENARIO B

SCENARIO A

(d)

(e)

(f)

(g)

(h)

Age at
End of
Year

SCENARIO B

(i)

5,524.20

31,000

840

826

31,000

31,000

28

5,524.20

1,240

31,000

1,240

1,240

3,831

3,739

32,240

32,240

29

5,524.20

1,240

31,000

2,536

2,511

7,579

7,321

33,536

33,511

30

5,524.20

1,240

31,000

3,890

3,814

11,844

11,304

34,890

34,814

31

5,524.20

1,240

31,000

5,305

5,149

17,544

16,538

36,305

36,149

32

5,524.20

1,240

31,000

6,784

6,518

23,073

21,465

37,784

37,518

33

5,524.20

1,550

31,000

8,639

8,231

29,476

27,080

39,639

39,231

34

5,524.20

1,550

31,000

10,578

9,987

36,244

32,854

41,578

40,987

35

5,524.20

1,550

31,000

12,604

11,786

43,398

38,791

45,122

42,786

36

10

5,524.20

1,550

31,000

14,721

13,631

50,959

44,898

52,987

46,648

37

11

5,524.20

1,860

31,000

17,243

15,832

58,961

51,191

61,296

53,170

38

12

5,524.20

1,860

31,000

19,879

18,087

67,409

57,657

70,069

59,871

39

13

5,524.20

1,860

31,000

22,634

20,400

76,328

64,299

79,334

66,756

40

14

5,524.20

1,860

31,000

25,512

22,770

85,745

71,122

89,116

73,829

41

15

5,524.20

1,860

31,000

28,520

25,199

99,447

81,095

99,447

81,095

42

16

5,524.20

1,860

32,550

31,664

27,689

110,358

88,560

110,358

88,560

43

17

5,524.20

1,860

34,100

34,949

30,241

121,880

96,230

121,881

96,230

44

18

5,524.20

1,860

35,650

38,381

32,857

134,050

104,110

134,050

104,110

45

19

5,524.20

1,860

37,200

41,969

35,539

146,904

112,206

146,905

112,206

46

20

5,524.20

1,860

38,750

45,717

38,287

160,481

120,523

160,481

120,523

47

25

0.00

1,860

46,500

67,147

53,095

194,016

137,444

194,016

137,444

52

30

0.00

1,860

54,250

93,853

69,849

235,210

156,631

235,209

156,631

57

54,250

93,853

69,849

235,209

156,631

Maturity Benefit:

Guaranteed Cash Payment left with the Company are illustrated to be accumulated at 4.50% (Scenario A)/ 2.50% (Scenario B) net of tax, per annum.

The projected Total Surrender Value illustrated above has been subject to the Surrender Charge. (f)=(p)+(r) after surrender charge, (g)=(q)+(s) after surrender charge.

The projected Total Death Benefit illustrated above for (h) = Higher of {(c) or (r)} + (d), (i) = Higher of {(c) or (s)} + (e).

The projected Maturity Benefit illustrated above for (h) = Higher of {(c) or (r)} + (d), (i) = Higher of {(c) or (s)} + (e).

Note:
1
The Guaranteed Cash Payment will be deposited with the Company to accumulate with interest at a rate to be determined by the Company which may vary from year to year. The actual interest rate may be higher or lower depending on the Company's investment earnings and operational
results. The accumulation rate assumed here ARE NOT the upper or lower limit of what you might get as the value of your policy depends on a number of factors including future investment performance.
2
Guaranteed Cash Payment due will only be payable if all premiums due and any interests charged on late premium payment are paid at the end of each policy year.
3

If any premiums due and interests charged on late premium payment are not paid before policy maturity date, only Account1 Value plus any remaining Account2 Value and accumulated Guaranteed Cash Payment deposited with the Company shall be payable.

Printed by SYLVIANA UGAU (SUPER) 11/5/2015 @ 11:44AM


ALIM e-Submission SIDE 4.3.0 Copyright 2015 Allianz Life Insurance Malaysia Berhad
Version

This Sales Illustration is for pre-sale purpose only

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Allianz Life Insurance Malaysia Berhad (104248-X) - Income Provider (20P30E)


: XXX

Client Name

BASIC PLAN ILLUSTRATION (CONTINUE)


To deposit the Guaranteed Cash Payment with the Company to accumulate with interest
GUARANTEED

End of
Policy
Year

Premium Paid at
Beginning of Year

Guaranteed Cash
Payment

(j)=(a)

(k)=(b)

NON GUARANTEED BENEFITS AT PROJECTED RETURN


Cost of Insurance
SCENARIO A

SCENARIO B

(l)

(m)

Policy Fee*

Premium Charge

(n)

(o)

Accumulated Guaranteed Cash Payment 1

Account1 Value

SCENARIO A

SCENARIO B

SCENARIO A

(p)=(d)

(q)=(e)

(r)

Age at
End of
Year
SCENARIO B

(s)

5,524.20

38

38

89

4,364

1,066

1,049

28

5,524.20

1,240

37

37

89

2,486

1,240

1,240

2,898

2,795

29

5,524.20

1,240

35

35

89

1,713

2,536

2,511

5,641

5,380

30

5,524.20

1,240

31

32

89

1,381

3,890

3,814

8,897

8,378

31

5,524.20

1,240

27

28

89

829

5,305

5,149

12,924

12,026

32

5,524.20

1,240

22

24

89

829

6,784

6,518

17,201

15,783

33

5,524.20

1,550

17

19

89

276

8,639

8,231

22,003

19,904

34

5,524.20

1,550

11

14

89

276

10,578

9,987

27,103

24,147

35

5,524.20

1,550

89

276

12,604

11,786

32,518

28,517

36

10

5,524.20

1,550

89

276

14,721

13,631

38,266

33,017

37

11

5,524.20

1,860

89

276

17,243

15,832

44,053

37,338

38

12

5,524.20

1,860

89

276

19,879

18,087

50,190

41,784

39

13

5,524.20

1,860

89

276

22,634

20,400

56,700

46,356

40

14

5,524.20

1,860

89

276

25,512

22,770

63,604

51,059

41

15

5,524.20

1,860

89

276

28,520

25,199

70,927

55,896

42

16

5,524.20

1,860

89

276

31,664

27,689

78,694

60,871

43

17

5,524.20

1,860

89

276

34,949

30,241

86,932

65,989

44

18

5,524.20

1,860

89

276

38,381

32,857

95,669

71,253

45

19

5,524.20

1,860

89

276

41,969

35,539

104,936

76,667

46

20

5,524.20

1,860

89

276

45,717

38,287

114,764

82,236

47

25

0.00

1,860

89

67,147

53,095

126,869

84,349

52

30

0.00

1,860

89

93,853

69,849

141,356

86,782

57

141,356

86,782

Maturity Benefit:

Guaranteed Cash Payment left with the Company are illustrated to be accumulated at 4.50% (Scenario A)/ 2.50% (Scenario B) net of tax, per annum.

The projected Maturity Benefit illustrated above for (h) = Higher of {(c) or (r)} + (d), (i) = Higher of {(c) or (s)} + (e).

Note:
The Guaranteed Cash Payment will be deposited with the Company to accumulate with interest at a rate to be determined by the Company which may vary from year to year. The actual interest rate may be higher or lower depending on the Company's investment earnings and operational
1
results. The accumulation rate assumed here ARE NOT the upper or lower limit of what you might get as the value of your policy depends on a number of factors including future investment performance.
2

Guaranteed Cash Payment due will only be payable if all premiums due and any interests charged on late premium payment are paid at the end of each policy year.

If any premiums due and interests charged on late premium payment are not paid before policy maturity date, only Account1 Value plus any remaining Account2 Value and accumulated Guaranteed Cash Payment deposited with the Company shall be payable.

*The above sales illustration includes the amount for Goods and Services Tax ("GST") for applicable taxable supply. We will charge the relevant GST amount at 6% or at the prevailing rate on the applicable portion of your insurance premium/fee/charges for the applicable period of insurance
coverage from the GST implementation date onwards.

Printed by SYLVIANA UGAU (SUPER) 11/5/2015 @ 11:44AM


ALIM e-Submission SIDE 4.3.0 Copyright 2015 Allianz Life Insurance Malaysia Berhad
Version

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Allianz Life Insurance Malaysia Berhad (104248-X)


Income Provider (20P30E)
Client Name

: XXX

Sex

: Male

Age Nearest Birthday

: 27

Smoker

: Non-Smoker

ACCOUNT VALUE

Account1 Value refers to the value in your Policy Account1. Account2 Value refers to the value in your Policy Account2.
The basic premiums you (policy owner) elect to pay under the basic policy (excludes extra premiums paid due to medical and/or occupational loading and premiums paid for
riders) less Premium Charge are allocated to the Policy Account1. The Company may invest the assets of the Policy Account in any manner it chooses. Income generated from
the assets investment of all Policy Account after deducting the investment tax and Crediting Spread (see below - under Charges) will be credited to the respective Policy
Account in the form Crediting Rate. The Crediting Rate is not guaranteed and is dependent on the investment return. A positive Crediting Rate can result in an appreciation of
the Account Value, while a negative Crediting Rate can result in a reduction of the Account Value. The Crediting Rate will be credited to the Policy Account once every month
and is subject to the Company sole and absolute discretion. Crediting Rate may be determined more frequently than once a month. The Policy Fee and Cost of Insurance are
deducted from the Account1 Value every month, while Guaranteed Cash Payments are deducted from the Account1 Value when they are paid to the policy owner as the
option elected by the policy owner or the defaulted option. This illustration shows the Account Value as of the end of each illustrated policy year.
The Guaranteed Cash Payment deposited in Policy Account2 can be withdrawn at anytime.
PREMIUM PAID

This is the amount that you (policy owner) pay annually for this policy. This amount is based on standard life and may vary depending on the underwriting requirement.
BASIC SUM ASSURED

This is the amount that will be used to compute the Prevailing Sum Assured and Guaranteed Cash Payments.
CHARGES

Cost of Insurance rates are deducted monthly from the Policy Account1. The Cost of Insurance rates vary by the attained age, and gender of the Life Assured.
Other Charges
a.

Policy Fee^

A Policy Fee will be deducted monthly from the Policy Account1.

b.

Current Amount

Maximum Amount

RM7.42 per month

RM12.72 per month

Premium Charge

The Premium Charge shall be deducted from the premiums payable under the basic policy.
Policy Year

Premium Charge (as % of Premium Paid)

79.00%
45.00%
31.00%
25.00%
15.00%
5.00%

2
3
4
5 to 6
7 and above

Premium Charge is used to pay commission to the intermediaries and expenses incurred by the Company.
c.

Surrender Charge^

A Surrender Charge will be imposed on the Account1 Value upon surrender of basic policy.

d.

Number of Policy Year Premiums Paid

Surrender Charge (as % of Account1 Value)

1
2 to 4
5 to 14
15 and above

21.20
10.60
5.30
Nil

Crediting Spread

A Crediting Spread will be deducted from the investment income of assets in respect of Policy Account to pay for the investment expenses and the charge of risk
exposure arising from this plan. The Crediting Spread deducted is depending on the investment return which is shown as below.
Gross Investment Return per month before tax

Current Crediting Spread per month

Less than 0.333%

0.0333%

0.333% to 0.415%

0.0667%

0.416% to 0.499%

0.0833%

0.500% to 0.582%

0.0833%

0.583% to 0.665%

0.0833%

0.666% and above

0.0958%

The maximum crediting spread is 0.1250% per month.


Allianz Life reserves the right to revise the Cost of Insurance rates, Surrender Charge, the maximum Policy Fee and Crediting Spread by giving the policy owner at least
three (3) months prior written notice and any changes to the Cost of Insurance rates, Surrender Charge and the maximum Policy Fee will take effect on the next policy
anniversary.
Printed by : SYLVIANA UGAU (SUPER) 11/5/2015 @ 11:44AM
Version : ALIM e-Submission SIDE 4.3.0 Copyright 2015 Allianz Life Insurance Malaysia Berhad

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Allianz Life Insurance Malaysia Berhad (104248-X)


Income Provider (20P30E)
^The Fees and Charges shown are inclusive of GST. We will charge the relevant GST amount at 6% or at the prevailing rate on your Fees and Charges for the applicable
period of insurance coverage from the GST implementation date onwards.
PROJECTED RETURN ON THE ACCOUNT VALUE
The rates of Scenario A and Scenario B have been used respectively to represent the range of possible Crediting Rate to the Policy Account. The assumed net Crediting Rates
are:

Projected Crediting Rate*


Scenario A (First 20 Years)

Scenario A (After 20 Years)

Scenario B

5.90%

3.60%

2.82%

* after deduction for tax and credit spread


The illustrations shown are based on projected Crediting Rates. These Crediting Rates are hypothetical and are used purely for illustration purpose only. The actual Crediting
Rate is dependent on the investment return. A higher Crediting Rate may be credited if the investments have performed well and conversely, a lower or negative Crediting
Rate may be credited if the investments have been performed poorly. A negative crediting rate will result in a reduction in your account value. The Crediting Rate over a
medium to longer term is likely to be positive. However, it is possible to have a negative Crediting Rate over a longer term or in any particular month.
For example, the annual Crediting Rate can be 4.00%, while the monthly Crediting Rate can be
Month

10

11

12

Crediting Rate

2.00%

1.00%

-3.00%

-1.00%

2.00%

2.00%

1.00%

1.00%

-2.00%

-1.00%

1.00%

1.00%

Another example, the annual Crediting Rate can be -3.00%, while the monthly Crediting Rate can be
Month

10

11

12

Crediting Rate

-1.00%

-1.00%

1.00%

1.00%

2.00%

1.00%

-2.00%

-3.00%

-2.00%

-1.00%

1.00%

1.00%

Crediting Rate is credited every month and is determined based on that particular month of investment return after deducting investment tax and Crediting Spread. The
Company may determine the Crediting Rate more frequently than once a month.
The Account Value may fall below the amount of the premiums paid and depends on the credited Crediting Rate.
The projected benefits shown are for ILLUSTRATION ONLY AND AS A GUIDANCE to policy owner on the movement of possible cash flows.
Notes:

1.

Allianz Life Insurance Malaysia Berhad believes it is important that you fully appreciate all the benefits in your policy, and that you also understand how the cost of the
insurance protection, distribution, administration, investment and other costs affect these benefits.

2.

You should satisfy yourself that this plan serves your needs and that you can afford to pay the premium. If you need clarification, please contact us or your agent.

3.

This is not a contract of insurance, the full terms and conditions of this plan are set out in the policy contract.

4.

Errors and Omissions Exempted (E&OE).

Printed by : SYLVIANA UGAU (SUPER) 11/5/2015 @ 11:44AM


Version : ALIM e-Submission SIDE 4.3.0 Copyright 2015 Allianz Life Insurance Malaysia Berhad

This Sales Illustration is for pre-sale purpose only

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Allianz Life Insurance Malaysia Berhad (104248-X)


Product Disclosure Sheet - Income Provider (20P30E)
PRODUCT DISCLOSURE SHEET

(Read this Product Disclosure Sheet before You decide to take up Income Provider (20P30E). Be sure to also read the general terms and conditions.)
Financial Service Provider:

Allianz Life Insurance Malaysia Berhad ("Us"/"We"/"Our")

Product Name:

Income Provider (20P30E)

1.

What is this product about?

This is an endowment plan that matures at the end of thirty (30) policy year with a twenty (20) years premium payment term.
This plan provides:
(a)

Insurance coverage upon death or Total and Permanent Disability (TPD)* of a Life Assured

(b)

Guaranteed Cash Payment (GCP) from the end of second (2nd) Policy year onwards

(c)

Maturity Benefit

Please refer to the description of benefits in point two (2) below.


Premiums payable (i.e. standard basic premium excluding extra premium charged on sub-standard risk) under this plan less applicable premium charge will be allocated
to a Policy Account1 created for the Policy Owner. The cost of providing the insurance coverage (i.e. cost of insurance (COI)) under this plan together with the Policy fee
will be deducted from the Account1 Value kept in the Policy Account1 every month on the COI due date, while the GCP will be deducted from the Account1 Value when
they are due to the Policy Owner.
You can choose from two (2) settlement options for the GCP benefit due to You. The options allow You to decide whether to deposit the GCP with Us to accumulate with
interest at a rate to be determined by Us which may vary from year to year or allocate the GCP with Us in the Policy Account2. The Guaranteed Cash Payment deposited in
the Policy Account2 will be invested on Your behalf and the amount can be withdrawn at anytime with a written request.
2.

What are the covers/benefits provided?


The plan covers:
(i)

Death or TPD*: Higher of the Prevailing Insured Amount or Account1 Value (as shown in illustration) together with any remaining Account2 Value and
accumulated Guaranteed Cash Payment deposited with Us shall be payable. You may refer to the Guaranteed Death Benefit column in the sales illustration for
the Prevailing Insured Amount schedule.
* Prior to Life Assured attaining age sixty-five (65) years old (nearest birthday) on the Policy Anniversary and subject to a maximum Insured Amount of RM4 million per life.

Lien Rule:
Where the age of the Life Assured is less than forty-nine (49) months at the time of death or TPD, the amount payable under this plan shall be as follows:
Age of Life Assured at the time of Death or TPD

% of Prevailing Insured Amount Payable

15 days - 5 months

Return of Premium

6 months - 12 months

36.00%
53.50%
71.50%
89.50%
100.00%

13 months - 24 months
25 months - 36 months
37 months - 48 months
49 months and above

Basic Insured Amount:

RM 31,000.00

Maturity Benefit:

The higher of the Prevailing Insured Amount or Account1 Value. Any remaining Account2 Value and accumulated
Guaranteed Cash Payment deposited with Us shall be payable. You may refer to the Maturity Benefit** column in the
sales illustration for the Prevailing Insured Amount at maturity.
** Please refer to the terms and conditions of the Maturity Benefit in Point 5 (ix) below.

(ii)
3.

Guaranteed Cash Payment as % of


Basic Insured Amount

Guaranteed Cash Payment (GCP):

Conditional No Lapse Guarantee

GCP Payment Period (at end of policy year)

4.00%

2nd - 6th policy year

5.00%

7th - 10th policy year

6.00%

11th policy year and above

During the premium payment term, the basic Policy for this plan will not lapse in the event the Account1 Value is
insufficient to deduct the cost of insurance and Policy fee when they are due provided that all premiums due are paid
no later than thirty one (31) days from the premium due date. The Conditional No Lapse Guarantee feature will be
forfeited if any premium due remains unpaid after the expiry of thirty one (31) days from the premium due date.

The coverage term for this plan is thirty (30) years.

How much premium do I have to pay?

The premium that You have to pay and the Policy terms may vary depending on Our underwriting requirements.
(i)
The premium that You have to pay based on standard risk are as follows:

(ii)

Policy Year

Annually

Half Yearly

Quarterly

Monthly

First twenty (20) Years

RM5,115.00

RM2,659.80

RM1,355.48

RM460.35

Above twenty one (21) Years

RM0.00

RM0.00

RM0.00

RM0.00

The premium payment term for this plan is twenty (20) years.

Printed by : SYLVIANA UGAU (SUPER) 11/5/2015 @ 11:44AM


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Product Disclosure Sheet - Income Provider (20P30E)
4.

What are the fees and charges that I have to pay?

The insurance coverage charges are deducted monthly from the Account1 Value. The insurance charges will increase as You grow older. Other charges for this plan are
as follows. You may refer to the sales illustration for the details of insurance charges.

Premium Charge
Policy Year

Premium Charge as Percentage (%)


of Premium Paid
20P30E

79.00
45.00
31.00
25.00
15.00
5.00

1
2
3
4
5 to 6
7 and above

Policy Fee^

Surrender Charge^

Current Amount

Maximum Amount

RM7.42 per month

RM12.72 per month

Number of Policy Year


Premiums Paid

Surrender Charge
(as (%) of Account1 Value)

21.20
10.60
5.30
5.30
Nil

2 to 4
5 to 9
10 to 14
15 and above

Market Value Adjustment (MVA) may be applied to the surrender value during adverse
investment markets.

Crediting Spread

Gross Investment Return


(per month) Before Tax

Current Crediting Spread (per month)

Less than 0.333%

0.0333%

0.333% to 0.415%

0.0667%

0.416% to 0.499%

0.0833%

0.500% to 0.582%

0.0833%

0.583% to 0.665%

0.0833%

0.666% and above

0.0958%

The maximum Crediting Spread is 0.1250% per month. We reserve the right to revise the
cost of insurance rates, surrender charge, the maximum Policy fee and crediting spread by
giving You at least three (3) months prior written notice and any changes to the cost of
insurance rates, surrender charge and the maximum Policy fee will take effect on the next
Policy Anniversary.
^The Fees and Charges shown are inclusive of GST. We will charge the relevant GST amount at 6% or at the prevailing rate on your Fees and Charges for the applicable
period of insurance coverage from the GST implementation date onwards.
5.

What are some of the key terms and conditions that I should be aware of?

(i)

Importance of disclosure- You must disclose all material facts such as medical condition and state Your age correctly. You should also provide sufficient and
accurate information to enable Us to advise You on the suitability of the plan taking into consideration the appropriateness of the plan to Your needs and
circumstances.

(ii)

Free-look period - You may cancel Your Policy by giving Us a written request and by returning this Policy to Us within fifteen (15) days or such longer period as
may be specified by Bank Negara Malaysia, from the date of receipt of the Policy by You. We will refund to You the Account Value, premium charge, cost of
insurance, Policy fee, extra premium and rider premium (if any) less any medical fee incurred.

(iii)

Account Value - The Account Value of this plan depends on the credited Crediting Rate. Future Crediting Rates are not guaranteed and vary according to investment
results experienced by Us. The Crediting Rate will be credited to the Policy Account once every month and We may determine the Crediting Rate more frequently
than once a month. A higher Crediting Rate may be credited if the investments have performed well and conversely, a lower or negative Crediting Rate may be
credited if the investments have performed poorly. A negative Crediting Rate will result in a reduction in Your Account Value. The Crediting Rate over a medium to
longer term is likely to be positive. However, it is possible to have a negative Crediting Rate over a longer term or in any particular month.
When the Account1 Value of Your Policy Account1 is insufficient to pay for the insurance and other charges for the Policy when due, You will be given a grace
period of thirty one (31) days from the premium due date to pay Your premium, during which period Your Policy shall remain in force. If any premium remains
unpaid at the end of the grace period, Your Policy shall lapse at the end of the grace period. Any rider(s) attached to the Policy shall then be terminated.

(iv)

(v)

Policy Lapse - Your Policy will lapse when the Account1 Value in Your Policy Account1 is insufficient to pay for the insurance and other charges.

(vi)

Reinstatement - If Your Policy has lapsed due to non-payment of premium, You may, upon obtaining Our written consent, reinstate it any time within five (5)
years from the due date of the premium in default. You may refer to the Policy Contract for the terms and conditions of reinstatement.

Printed by : SYLVIANA UGAU (SUPER) 11/5/2015 @ 11:44AM


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Product Disclosure Sheet - Income Provider (20P30E)
(vii)
(viii)

(ix)

Premium interest - Interest will be imposed on any outstanding premium, including when Premium Holiday is effected, paid later than thirty one (31) days from
the premium due date. Any unpaid interest on premiums will be compounded at each premium due date at a rate to be determined by Us.
Guaranteed Cash Payment - Provided that all premiums due and any interest charged on late premium payment are paid at the end of each policy year, before the
Guaranteed Cash Payment is paid out, Guaranteed Cash Payment as a percentage of the Basic Insured Amount will be payable starting from the end of the second
(2nd) policy year onwards and every end of a Policy year thereafter until policy matures or terminates, whichever is earlier.
Maturity Benefit - Provided that all premiums due and any interest charged on late premium payment are paid before the Policy maturity date, the Maturity
Benefit shall be the higher of the Prevailing Insured Amount or Account1 Value and paid together with any remaining Account2 Value and accumulated
Guaranteed Cash Payment deposited with Us. However, if any premium due and any interest charged on late premium payment are not paid before Policy
maturity, only Account1 Value together with any remaining Account2 Value and accumulated Guaranteed Cash Payment deposited with Us shall be payable at
Policy maturity.

Note: This list is non-exhaustive. Please refer to the Policy Contract for the complete terms and conditions under this Plan.
6.

What are the major exclusions and limitations under this Plan?

(i)

This plan shall not cover suicide, while sane or insane within twelve (12) months from the Issue Date or any Reinstatement Date whichever is later.

(ii)

This plan shall not cover any Total and Permanent Disability caused directly or indirectly, wholly or partly, by any one of the following occurrences or
circumstances:
(a)

attempted self-destruction or self-inflicted injuries while sane or insane;

(b)

war, invasion, act of foreign enemy, hostilities or warlike operations (whether declared or undeclared), strike, riot and/or civil commotion, mutiny, civil war
assuming the proportions of or amounting to a popular uprising, rebellion, revolution, insurrection, military uprising, military or usurped power, martial law,
state of siege, terrorist activity or any of the events or causes which determine the proclamation or maintenance of martial law or state of siege;

(c)

accidental events that are directly or indirectly related to the use of atomic, biological or chemical weapons as well as radioactive, biological or chemical
warfare agents or substances;

(d)

service in the armed forces in time of declared or undeclared war while under orders for warlike operations or restoration of public order;

(e)

entering, exiting, operating, servicing, or being transported by any aerial device or conveyance except when the Life Assured is a passenger on a commercial
passenger airline on a regular passenger trip over its established passenger route or when the Life Assured is a licensed pilot carrying out his/her duty
according to his/her employment with that particular commercial airline;
any congenital defect which has manifested or was diagnosed before the Life Assured attains seventeen (17) years of age and of which We were not aware
at the Issue Date; or

(f)
(g)

an opportunistic infection or a malignant neoplasm if at the time of disability, there is present in the Life Assured Acquired Immunodeficiency Syndrome. An
opportunistic infection includes but is not limited to Pneumocystis carini pneumonia, organism of chronic enteritis, virus and/or disseminated fungi
infection. A malignant neoplasm includes but is not limited to Kaposis sarcoma, central nervous system lymphoma, hairy-cell leukemia and/or other
malignancies now known or which become known as immediate cause of disability or death in the presence of Acquired Immunodeficiency Syndrome.

Note: This list is non-exhaustive. Please refer to the Policy Contract for the complete terms and conditions under this Plan.
7.

Can I cancel my Policy?

You may cancel Your Policy by giving a written notice to Us. Buying a life Policy is a long-term financial commitment. It is not advisable to hold this Policy for a short
period of time in view of the high initial costs. The cash amount that We will pay You when You cancel the Policy before the maturity period will be much less than the
total amount of premium that You have paid.
8.

What do I need to do if there are changes to my contact details?

It is important that You inform Us of any change in Your contact details including Your address or the address of Your nominee and/or trustee, if any, to ensure that all
correspondences reach You or Your nominee and/or trustee in a timely manner.
9.

How do I make a claim?

You may visit www.allianz.com.my for the claims guide. You are advised to submit Your claim (if any) to Us as soon as possible.
10.

Where can I get further information?

Should You require additional information about life insurance, please refer to the insurance info booklet on "Life Insurance", available at all Our branches or You can
obtain a copy from the insurance agent or visit www.insuranceinfo.com.my.
If You have any enquiries, please contact Us at:
Allianz Life Insurance Malaysia Berhad (104248-X)
(licensed under the Financial Services Act 2013 and regulated by Bank Negara Malaysia)
Customer Service
Allianz Arena
Ground Floor, Block 2A
Plaza Sentral, Jalan Stesen Sentral 5
Kuala Lumpur Sentral
50470 Kuala Lumpur
Fax. : 603-2264 8499
Allianz Contact Center : 1-300-88-1028
Email : customer.service@allianz.com.my
11.

Other similar types of cover available.

Printed by : SYLVIANA UGAU (SUPER) 11/5/2015 @ 11:44AM


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Product Disclosure Sheet - Income Provider (20P30E)
Please contact Us if You wish to know if We have available any other similar types of cover.
IMPORTANT NOTE:
BUYING LIFE INSURANCE POLICY IS A LONG-TERM FINANCIAL COMMITMENT. YOU MUST CHOOSE THE TYPE OF THE POLICY THAT BEST SUITS YOUR PERSONAL
CIRCUMSTANCES. YOU SHOULD READ AND UNDERSTAND THE INSURANCE POLICY AND DISCUSS WITH THE AGENT OR CONTACT US DIRECTLY FOR MORE INFORMATION.

Other Important Notice:


1.

You should satisfy Yourself that this plan would best serve Your needs and that the premium payable under this Policy is affordable.

2.

It is advisable for You to nominate a nominee for Your Policy and ensure the nominee is aware of the Policy that You have purchased. Failure to make a nomination shall
cause the delay in paying the Policy moneys to Your beneficiary.

3.

You may change the ownership of the Policy by an assignment by giving Us a written notice. The change of ownership of the Policy shall be effective only after We
receive the written notice.

4.

Insurance protection shall only be provided effective from the date of issue of the policy.

5.

You are advised to keep the receipt as proof of payment of premiums.

6.

The standard time frame required for Us to issue a Policy will be six (6) working days from the submission date of the Application Form for Life Assurance subject to full
documentation received with payment and We are satisfied that no further investigation is necessary.

7.

It may not be advantageous to replace an existing life insurance Policy with a new one. If You intended to do so, We recommend that You consult Your present insurer
before making a final decision.

8.

Surrender value of the Policy is the Account1 Value less surrender charge plus Account2 Value and any accumulated Guaranteed Cash Payments deposited with Us. If
You surrender Your Policy in early years, You may receive an amount which is much less than the premiums paid.

9.

If premium remains unpaid on the premium due date, the Policy shall be kept in force by effecting a premium holiday. However, there would be a possibility of Policy
lapsing if the required charges such as insurance charge and Policy fee exceed the Account1 Value.

10.

Following the implementation of Goods and Services Tax (GST) on 1st April 2015, we will charge you the GST at 6% or at the prevailing rate on the applicable portion of
your insurance premium/fee/charges for the applicable period of insurance coverage from the GST implementation date in accordance to the statutory requirement of
GST.

This information provided in this Product Disclosure Sheet is valid as at 11/5/2015.

Printed by : SYLVIANA UGAU (SUPER) 11/5/2015 @ 11:44AM


Version : ALIM e-Submission SIDE 4.3.0 Copyright 2015 Allianz Life Insurance Malaysia Berhad

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