Ganjaran A-Life oleh AIA

Frequently Asked Questions (FAQs)

Q1: What is A-Life Rewards?

A: A-Life Rewards is a regular premium Investment-Linked Insurance Plan which provides insurance coverage against death and Total and Permanent Disability (TPD). This plan gives you the flexibility to choose from the various premium payment terms that suit your needs. In addition, you will receive various bonuses over the years when you pay your premiums on time.

Note: This is an insurance product that is tied to the performance of underlying assets, and is not a pure investment product such as unit trusts.

Q2: Who is eligible to purchase A-Life Rewards?

A: A-Life Rewards is available for individuals aged between 14 days to 75 years old. Entry age varies according to premium payment term, as shown in the table below:

Premium Payment Term	Entry Age
5 Years	14 days to 75 years old
10 Years	14 days to 70 years old
20 Years	14 days to 65 years old

Q3: What is the coverage period for A-Life Rewards?

A: This plan provides a coverage term of up to age 100. However, TPD coverage will terminate when the insured reaches age 70.

Q4: What are the premium payment term options for A-Life Rewards?

A: This plan provides premium payment term options of 5 years, 10 years, or 20 years.

Q5: What is the minimum and maximum premium for A-Life Rewards?

A: The minimum and maximum annual premium for A-Life Rewards are as set out below and are subject to a total premium payable of RM3,000,000 (per life limit). This per life limit applies to similar products underwritten by AIA Bhd. across all distribution channels. For more details, please consult your Life Planner or contact AIA Bhd. directly.

Premium Payment Term	5 Year	10 Years	20 Years
Minimum Annual Premium	RM12,000	RM 6,000	RM 6,000
Maximum Annual Premium	RM 600,000	RM 300,000	RM150,000

* Excluding A-Plus Saver Premium.

Q6: What is the sum assured for A-Life Rewards?

A: The sum assured for A-Life Rewards varies according to the entry age, as shown in the table below:

Entry Age	Sum Assured
14 days to 65 years old	125% of Total Premium Paid
56 years old and above	105% of Total Premium Paid

Total Premiums Paid refers to the total regular premiums and A-Plus Enhancer Saver premiums that have been paid from the start of the policy up to the last premium due date immediately before the claim event that triggers the benefit payment.

Q7: What is the coverage for Death Benefit and TPD Benefit under A-Life Rewards?

A: Upon Death or TPD of the insured during the coverage term, the amount payable is the higher of:

1. a) Sum Assured; or
2. b) the account value in the Protection Account (excluding account value from any ad hoc top-up premium);

atau

1. c) RM5,000

PLUS any account value from the Savings Account, ad hoc top-up premium and Vitality Bonus.

If the insured dies or suffers TPD due to non-accidental causes within 2 years from the issue date or commencement date (whichever is later), the amount payable will be the higher of the total premiums paid (including any ad hoc top-up premium or A-Plus Saver premium) without interest or the total account value of Protection Account and Savings Account as at the date of death or TPD. Thereafter, the policy shall terminate.

Q8: What are the fees and charges that I have to pay?

A: i) Cost of insurance

The cost of insurance is deducted depending on your attained age and the cost of insurance rate will increase as you get older. The cost of insurance for this plan is not guaranteed, you will need to pay additional premium if the cost of insurance is revised. AIA Bhd. reserves the right to revise the cost of insurance by giving the policyholders 3 months prior written notice.

ii) Monthly service charge

RM8 service charge is deducted monthly via the cancellation of units from your account value.

iii) Fund management charge

You can refer to the Fund Fact Sheet and Sales Illustration for details on the fund management charge.

iv) Policy expense charge

The policy expense charge will be deducted from the account value in Protection Account, excluding any account value from ad hoc top-up premium, depending on the premium payment term and premium payment frequency selected for the policy.

v) Partial withdrawal charge

Upon partial withdrawal request, the partial withdrawal charge will be deducted from the withdrawal amount from Protection Account, excluding any account value from ad hoc top-up premium and reinvested dividends from AIA Dividend-Focus MYR Fund, depending on the premium payment term selected for the policy.

vi) Surrender charge

Upon surrender request, the surrender charge will be deducted from the account value from Protection Account, excluding any account value from ad hoc top-up premium and reinvested dividends from AIA Dividend-Focus MYR Fund, depending on the premium payment term selected for the policy.

vii) Premium holiday charge The premium holiday charge will be deducted every month from the account value, if you missed paying premium when due. This charge will stop once you resume the premium payment by paying the full outstanding premium.

Q9: How is my premium being allocated?

A: 100% of the premiums that you have paid will be split into regular premium and A-Plus Enhancer Saver premium, which 100% of it will be allocated to Protection Account to purchase units in your preferred Investment-Linked Fund(s).

You can choose to enhance the account value of the policy via A-Plus Saver or perform ad hoc top-up. The allocation rate of the premium paid for A-Plus Saver and ad hoc top-up is 95%. Any ad hoc top-up premium will be placed in a Protection Account whereas any A-Plus Saver Premium will be placed in Savings Account to purchase units in your preferred Investment-Linked Fund(s). The proportion of A-Plus Saver premium and ad hoc top-up premium that is not allocated into units is used to meet the AIA Bhd.’s expenses and direct distribution cost, including the commission payable to the agent.

Q10: Are the premiums paid eligible for income tax relief?

A: The premiums paid for this plan may qualify you for a personal tax relief, subject to the final decision of the Inland Revenue Board of Malaysia.

Q11: What are the funds available for A-Life Rewards?

A: Depending on your investment objectives and risk profile, you can choose any of the following funds:

• AIA Dividend-Focus MYR Fund
• AIA Strategic Equity Fund
• AIA Strategic Fixed Income Fund
• AIA Elite Adventurous Fund
• AIA Elite Conservative Fund

You may refer to the Fund Fact Sheet in AIA’s website at www.aia.com.my for details.

Q12: Am I eligible for fund switching?

A: Yes, you can switch funds according to your risk tolerance level.

Q13: How do I know the unit price of my funds?

A: The unit prices for the Investment-Linked Funds are published in the AIA’s website at www.aia.com.my.

Q14: What are the major exclusions for A-Life Rewards?

A: Death Benefit

• This plan does not cover death due to suicide within 1 year from the Issue Date or Commencement Date of the policy, whichever is later.

TPD Benefit

• Willful exposure to danger or self-inflicted act while sane or insane;
• Assault or murder or due to war (declared or undeclared), revolution, riot and civil commotion, industrial action or terrorist activity;
• Wrongful act such as violation or attempted violation of the law or resistance to arrest, participating in any fight, racing on wheels or accidents due to intoxication of alcohol or drugs;
• Entering, exiting, operating, servicing, or being transported by any aerial device or conveyance except when the Insured is a fare paying passenger or crew member on a commercial passenger airline on a regular scheduled passenger trip over its established passenger route; or
• TPD occurred prior to the issue date or commencement date of the policy, whichever is later.

Note: The list is non-exhaustive. Please refer to the policy contract for full details of the exclusions