MAA ASSURANCE stated that they will do well in the assurance field after launching their new services which is the SUper Fortune Plan. Read more about it below from the btimes.
MALAYSIAN Assurance Alliance Bhd (MAA Assurance) CONFIDENT ON THEIR NEW SUPER FORTUNE PLAN
MALAYSIAN Assurance Alliance Bhd (MAA Assurance) is confident of achieving RM100 million premium within a year for its newly launched Super Fortune Plan.
Its chief executive officer, Muhammad Umar Swift, said the new endowment plan is expected to contribute 10 per cent growth on the MAA life assurance segment this year.
“This endowment plan is catered for individuals aged between 10 and 55 years. It provides guaranteed annual cash payments beginning from the end of the 10th policy year and upon maturity, 120 per cent of the original sum assured will be payable to the insured,” he said.
Vice president of life business development services, Chan Yok Chor, said among the highlights of the plan was that the basic premiums were payable and guaranteed to remain unchanged throughout the policy years.
“The biggest difference between our plan and others available in the market is that our plan is 100 percent guaranteed,” he said.
Chan said the plan also offered flexibility as policy holders could opt for a payment term to suit their financial capability.
“In the event of total permanent disability before the age of 60 or death at any time during the policy duration, the insured or their loved ones will receive 100 per cent of the sum assured,” he said.
Another highlight of the plan was that policy holders have the flexibility of paying their premiums monthly, quarterly, twice a year or annually, Chan said.
Policy holders could also enhance their basic cover by attaching additional benefits or riders, he said.
“There is no restriction in this plan, you can add any riders,” he added. – Bernama