Great Income Enhancer

Great Income Enhancer

Enjoy the advantages of Great Income Enhancer, a plan that helps you grow your savings and meet your financial commitments in life. This plan not only gives you life protection, it also comes with cash payments which you will receive until policy maturity.

Great Income Enhancer is a regular premium limited pay endowment plan that provides protection against Death and Total and Permanent Disability (TPD).

Limited Payment, Extended Protection

With Great Income Enhancer, you only need to commit 15 or 20 years of premium payment, while enjoying life protection until age 70 next birthday.

Extra Income Every Year

Great Income Enhancer ensures that you enjoy a continuous flow of supplementary income. You will receive a yearly guaranteed survival benefit payment from the end of the 10th year onwards with a 15-year premium payment plan or from the end of the 15th year onwards with a 20-year premium payment plan. Here’s an illustration of how your guaranteed survival benefit is paid over time:

Premium Payment Term
Policy Year 15 Years 20 Years
% of Basic Sum Assured
1 – 9 - -
10 – 14 16.5% -
15 – 19 7.0% 14.0%
20 – 24 4.0% 7.0%
25 – maturity 4.0% 4.0%



Example:
Mr. Eddy, aged 28 next birthday, purchasing Great Income Enhancer, with 15 years of premium payment, will receive a guaranteed survival benefit of up to 209.5% of basic sum assured by the end of maturity.

Cash bonus
On top of the guaranteed survival benefit, Great Income Enhancer also provides a yearly non-guaranteed cash bonus which starts from the end of the first policy year. This gives you additional financial resources that will come in handy at a time when you might welcome the extra income.

Up to 50% Additional Sum Assured
In the event of unexpected Death or TPD (before age 65 years next birthday), an additional sum assured will be paid out according to the table below, ensuring your loved ones will be able to carry on with added peace of mind:

Policy Year Additional Sum Assured
(% of Basic Sum Assured)
1 – 2 -
3 – 4 10%
5 – 6 20%
7 – 8 30%
9 – 10 40%
11 - maturity 50%



This means, after the 10th Policy Year, the death benefit is 150% of the original Basic Sum Assured.

Flexibility for added protection
To further enhance your protection, you can choose to attach the following riders to your Great Income Enhancer:

- Waiver of Premium on DD Rider 2
Waives premium in the event of Dread Disease of the Life Assured

- Payer Benefit Rider Plus 2
Waives premium in the event of Death, TPD or Dread Disease of the Payer

Maturity benefit
Upon maturity of Great Income Enhancer at age 70 years next birthday, you will receive a lump sum payment that comprises 150% of the original basic sum assured, accumulated survival benefit (if any), accumulated cash bonus (if any), final year survival benefit, and terminal bonus on maturity (if any).

Death and TPD Benefits
Upon Death or TPD (before age 65 years next birthday), the sum assured, accumulated survival benefit (if any), accumulated cash bonus (if any) and terminal bonus (if any) will be paid out in one lump sum, or according to the TPD provisions of the policy.



Frequently Asked Questions

Q : Who can apply for Great Income Enhancer?
A : Anyone between 30 days attained age and 45 years next birthday can apply for Great Income Enhancer.

Q : What are the minimum and maximum sums assured?
A : The minimum sum assured is RM25,000 and the maximum sum assured is subject to underwriting
limitations at the time of purchase.

Q : What are the premium payment term options available for Great Income Enhancer?
A : You have the flexibility to choose from 2 premium payment term options – 15 years or 20 years.

Q : What are some of the exclusions for this plan?
A : No benefit is payable under the following circumstances:
- Death during the first policy year as a result of suicide, while sane or insane.
- TPD resulting from self-inflicted injuries, while sane or insane.

Q : How do I pay my premiums?
A : You can pay by credit card, banker’s order, GIRO, cheque or cash. You have the flexibility to pay your premium annually, half-yearly, quarterly or even monthly (by credit card, banker’s order or GIRO).

Q : Will I be entitled to tax benefits?
A : Benefits received from Great Income Enhancer are generally non-taxable and premiums paid may qualify for tax relief.



Important Notices
Great Income Enhancer is a limited pay participating endowment plan with guaranteed survival benefit and non-guaranteed cash bonuses. Premiums are payable until the end of the premium payment term, or until Death or TPD, whichever occurs first. The premium rates for this plan are guaranteed. The plan will mature at age 70 years next birthday. You should satisfy yourself that this plan will best serve your needs and that the premium payable under the policy is an amount you can afford.

A “free-look period” of 15 days is given for you to review the suitability of the plan. If the policy is returned to the Company during this period, the full premium would be refunded to the policy owner minus the expenses incurred for medical examination, if any. If you switch-over your policy from one company to another or if you exchange your current policy with another policy within the same company, you may be required to submit an application where the acceptance of your proposal will be subjected to the terms and conditions to be imposed at the time of policy switching or replacement.

The cash bonus and terminal bonus are not guaranteed. The actual bonuses that would be declared may be more or less, depending on the operating and investment results experienced by the Company.

The policy may not have a guaranteed minimum cash value on termination until after you have paid premiums for three years. If you surrender your policy early you may get back less than the amount you have paid. If you stop paying premiums before the end of the premium payment term, an automatic premium loan will be effected under your policy to pay future premium so long as the cash value is more than the total indebtedness. Cessation of premium payment before the end of the premium payment term may lead to early termination of coverage.
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