YCT Services & Trading Allianz Investment Linked Insurance

Usage Guidelines: Allianz's Investment Linked Insurance (ILI), or Investment Linked Plan (ILP) offers a comprehensive and reassuring solution for individuals looking to secure their financial future. With a range of 7 carefully crafted plans, namely Allianz PrimeCover, Allianz PayorCover, WealthCover, Allianz SecureCover/SecureCover Plus, Prime Income, Allianz PrimeSaver, and FlexiSaver, clients can tailor their coverage to suit their specific financial goals and needs.

For those seeking robust protection, Allianz PrimeCover offers a reliable option, ensuring peace of mind for the policyholder and their loved ones. Allianz PayorCover comes to the aid of policyholders by paying premiums in the unfortunate event of total and permanent disability or death, so the plan remains intact.

For the more investment-oriented individuals, WealthCover presents an excellent opportunity to build wealth through a diversified investment portfolio while still enjoying insurance protection. Allianz SecureCover / SecureCover Plus provides added security with supplementary benefits, enhancing the policy's overall value.

Prime Income offers a unique approach by providing a stream of income in addition to insurance coverage, making it suitable for those seeking a regular income stream during their retirement years or for other purposes. Meanwhile, Allianz PrimeSaver offers a disciplined savings plan combined with insurance benefits, allowing individuals to save and protect their finances simultaneously.

Lastly, the FlexiSaver plan brings flexibility, enabling policyholders to adjust their coverage and investments according to changing financial circumstances.

With Allianz's Investment-Linked Insurance, individuals can worry less about their financial future, confident that they are backed by a reliable and established insurance provider. Whether it's safeguarding loved ones, building wealth, securing income, or maintaining flexibility, these 7 plans ensure that clients can achieve their financial aspirations with ease.

Certification/Claims:

1. Align Strategy and Communication: Allianz's Investment Linked Insurance emphasises the importance of aligning its strategic decisions and communication practices. This means that the company ensures that its long-term objectives, goals, and plans are effectively communicated to all stakeholders, both internally and externally. By doing so, the company can create a shared understanding of its vision, mission, and values among its employees, partners, and customers. This alignment fosters a cohesive and consistent approach to decision-making and helps ensure that everyone involved is working towards the same objectives.
2. Prioritising Our Customers: Customer-centricity is a key principle for Allianz's Investment-Linked Plan. The company places a strong emphasis on understanding and meeting the needs of its customers. This involves conducting market research, obtaining feedback, and analysing customer preferences to design and offer insurance products that cater to their specific requirements. By prioritising customers, the company aims to enhance customer satisfaction, build long-term relationships, and foster loyalty, ultimately leading to the success and growth of the business.
   
   
3. Fostering Trust and Credibility with Our Customers and Stakeholders: Building trust and credibility is crucial for any insurance company, and Allianz's Investment Insurance recognizes this importance. The company is committed to maintaining the highest standards of integrity, transparency, and ethical behaviour in all its dealings with customers and stakeholders. By being trustworthy and credible, the company aims to instil confidence in its services and products, providing customers with the assurance that their financial well-being is in safe hands. This trust and credibility also extend to other stakeholders, such as business partners, regulators, and the wider community, fostering positive relationships and a positive reputation in the industry.

Service Location: Customers can visit these offices directly to inquire about insurance plans, receive assistance with policy-related matters, and make any necessary arrangements in person. Having a physical location in Kuala Lumpur allows Allianz to offer a more personalised and face-to-face customer experience for individuals who prefer to conduct their insurance transactions in person rather than online or over the phone. This local presence may also help build trust and credibility with customers, as they can interact directly with company representatives and have their queries addressed in real time.

Operation: Allianz Insurance Malaysia offers seven Investment Linked Insurance plans, namely:

1. Allianz PrimeCover: As an investment-linked plan, it combines insurance coverage with investment opportunities. This means that a portion of the premiums paid goes towards providing insurance protection. At the same time, the remaining amount is invested in a selection of funds based on the policyholder's risk appetite and financial goals. One of the key benefits of Allianz PrimeCover is that it offers a higher payout compared to traditional insurance plans. The payout amount upon claim is typically linked to the performance of the investment funds, which means that if the funds perform well, the potential payout can be higher. Moreover, Allianz has designed PrimeCover to be an affordable plan with high coverage, making it accessible to a broader range of individuals. The plan's affordability allows customers to secure adequate insurance protection without straining their budgets significantly. As with any insurance and investment product, it is essential for potential policyholders to carefully understand the terms and conditions, the associated risks, and the potential returns before making a decision. Consulting with a financial advisor or an Allianz representative can help individuals make an informed choice based on their specific financial circumstances and objectives.
   
   
2. Allianz PayorCover: Allianz PayorCover is a critical illness insurance plan that offers financial protection to policyholders in case of a diagnosis with any of the specified 36 critical illnesses. The plan waives future premium payments for the policyholder, ensuring that the policy remains in force, and provides a lump sum benefit upon diagnosis to cover medical expenses and other costs. Additionally, the plan offers flexibility in choosing the coverage amount and premium payment term, as well as an additional death benefit in case of the policyholder's death during the coverage period. Overall, Allianz PayorCover is an excellent option for individuals looking to protect their financial future in case of a medical emergency.
   
   
3. WealthCover: Allianz WealthCover is an investment-linked insurance plan that helps policyholders maximise their savings and investments. With affordable payments starting from as low as RM20, policyholders can attach WealthCover to their investment plan at no additional charge. This plan offers flexibility in choosing investment funds and allows policyholders to switch between funds to suit their changing financial needs. Overall, Allianz WealthCover is an excellent option for individuals looking to grow their wealth while ensuring financial protection.
   
   
4. Allianz SecureCover / SecureCover Plus: Allianz SecureCover and SecureCover Plus are insurance plans that provide financial protection for policyholders' children. These plans cover the child's premium and offer a payout equivalent to the premium amount in case of the child's death, total and permanent disability, or diagnosis of any of the 36 critical illnesses covered by the plan. This provides parents with peace of mind knowing that their child's financial needs will be taken care of in case of any unfortunate event.
   
5. Prime Income: Prime Income is an insurance plan that offers a short premium payment term of only 8 years. After the 8th policy year, policyholders are guaranteed a cash payment. Additionally, they can enjoy an extra payout with this plan. This provides financial security for policyholders and their loved ones, giving them peace of mind knowing that they are protected in case of any unforeseen circumstances.
   
   
6. Allianz PrimeSaver: Allianz PrimeSaver is an insurance plan that offers the potential for higher investment returns. It also guarantees a cash payment, which is payable starting from the end of the first policy year. This plan also provides insurance coverage in case of death or accidental death, providing financial security for policyholders and their loved ones.
   
   
7. FlexiSaver: Allianz FlexiSaver is an insurance plan that offers affordable premiums and a wide range of premium payment and coverage term options to suit your savings needs. It provides coverage in case of death or accidental death, ensuring financial security for you and your loved ones.
   

Overview of Investment Linked Insurance

Allianz's Investment Linked Insurance offers a comprehensive, flexible solution combining insurance protection and investment opportunities. This product aims to help individuals achieve their financial goals while providing security for their future. With life insurance coverage, policyholders and their beneficiaries are protected in case of unfortunate events like death or total and permanent disability. The plan's investment component allows a significant portion of the premiums to be invested in a variety of funds, giving customers the flexibility to choose based on their risk tolerance and investment preferences. The potential for higher returns, compared to traditional plans, makes it an attractive option for wealth accumulation and long-term financial planning. Moreover, some plans, such as Allianz PayorCover, provide additional benefits like coverage for critical illnesses or waiver of premiums in case of total and permanent disability, offering extra financial security during challenging times. Allianz's Investment Linked Insurance comes with customizable plans to cater to various financial needs and risk profiles, ensuring individuals can select the most suitable plan to achieve their financial aspirations. The expert guidance from Allianz's insurance advisors helps customers make informed decisions based on their unique financial situations and future objectives.

Investment Linked Insurance Specifications

- Insurance Coverage: Investment Linked Insurance provides life insurance coverage, offering a death benefit to beneficiaries if the insured passes away during the policy term. Some plans also include coverage for total and permanent disability.
- Investment Component: Policyholders invest a portion of their premiums in different funds like equity, bonds, and balanced funds, based on their risk tolerance and investment goals.
- Unit Allocation: Premiums are used to buy units in the chosen investment funds, and the number of units depends on the fund's current price.
- Unit Price: The value of the investment units fluctuates daily based on market performance, directly affecting the policy's cash value.
- Flexibility: Policyholders can switch between investment funds or reallocate their investments according to market conditions and financial objectives.
- Surrender Value: If the policy is terminated early, the policyholder may receive a surrender value based on the accumulated cash value of the investment units, subject to charges.
- Charges and Fees: Investment Linked Insurance plans have various charges, including administration fees and investment management fees, which can impact overall returns.
- Potential Returns: The policy's cash value depends on the investment funds' performance, leading to varying potential returns based on market conditions.
- Additional Benefits: Some Investment Linked Insurance plans offer critical illness coverage, accidental death benefits, or premium waivers for total and permanent disability, providing extra financial security.
- Policy Terms: Investment Linked Insurance policies have specific terms, ranging from several years to decades, depending on the policyholder's choice.