Investment Linked Insurance Malaysia

The plan offers a convenient way to increase your sum assured when you want more coverage due to increasing financial and family commitments at different life stages.

Investment linked insurance malaysia. Flexible payment tenures of 5 10 15 or 20 years or until you reach age 100. Investment linked vs traditional policy. Ilp s investment component meanwhile is divided into units of equal value. Wealth distribution directly to your nominated loved one s no medical examination.

Kuala lumpur june 24 bank negara s new requirements for investment linked product ilp insurance policies come into effect on 1 july 2019. Find out more at aia malaysia today. The premium contribution that you pay will go towards life insurance takaful cover as well as to be invested into investment funds of your choice. The investment linked plan ilp is an insurance plan that combines the benefit of investment and protection.

Smartinvest growth is an investment linked insurance plan designed to do just that by enhancing your protection and financial safety net. Let s look at some major differences between the 2 type of policies. Usually the particular unit trust mutual fund investment is picked based on a recommendation from agents or friends. Some get their unit trust investment through their investment linked insurance products.

If you have or are planning to purchase an investment linked product ilp insurance policy then you should take note of the new regulations by bank. Before year 2000 there are only traditional life insurance policy available to the market. Sun life malaysia provides investment insurance plans that have both insurance coverage and potential investment returns. The investment linked plan offers first time and veteran investors a platform to invest and receive protection at the same time.

The investment linked plan that secures the lifestyle of your family. Since then some insurance companies in malaysia had come up with many investment linked insurance products. An investment linked product or ilp in short is a two in one instrument that combines investment and protection. For example i got this one because my agent said at my age i should concentrate on growth fund.