Allianz Prime Saver

What is the Allianz Prime Saver?

This is an insurance savings plan offered by Allianz that where you can save money that can be used for any reason in the future. This is done through a commitment for a short period of time that comes with additional protection with guaranteed returns which can be accumulated annually.

What are the features of the Allianz Prime Saver?

The Allianz Prime Saver is a great plan where you enjoy limited premium payment terms catered to your affordability and coverage term. You can choose between 6, 10, 15 or 20 years. From this plan, you get guaranteed cash payment which you will enjoy from the end of the first year.

What is the Guaranteed Maturity Benefit from Allianz Prime Saver?

The Guaranteed Maturity Benefit is the amount you will receive when the policy matures. In this plan, the benefit will be equivalent or higher than the policy account value or based on the following:

  • For a coverage term of 20 years, you will receive a Guaranteed Maturity Benefit of 300% for 6 years payment terms, 520% for 10 years and 800% for 15 years.
  • For coverage term of 30 years, the Guaranteed Maturity Benefit will be 120% for 6 years, 260% for 10 years, 510% for 15 years and 800% for 20 years.

What is the Guaranteed Cash Payment I will get from this plan?

One thing is for sure, you will enjoy guaranteed cash payment from the end of your first policy year. Depending on the premium payment terms, you will receive:

  • 6 years premium payment – 10% from the first to the tenth year and 20% from the eleventh to the twentieth year.
  • 10 years premium payment – 15% from the first to the tenth year and 30% from the eleventh to the twentieth year.
  • 15 years premium payment – 20% from the first to the tenth year and 40% from the eleventh to the twentieth year.

Can I stretch the coverage to 30 years?

Yes, you can. For this, you will need to take the 20 years premium payment plan. The cash payment is as follow:

  • 6 years premium payment – 10% from the first to the tenth year and 20% from the eleventh to the thirtieth year
  • 10 years premium payment – 15% from the first to the tenth year and 30% from the eleventh to the thirtieth year.
  • 15 years premium payment – 20% from the first to the tenth year and 40% from the eleventh to the thirtieth year.
  • 20 years premium payment – 20% from the first to the tenth year, 40% from the eleventh to the twentieth year and 60% from the twenty-first to the thirtieth year.

Does this plan come with insurance coverage?

Yes, it does. This plan covers accidental and non-accidental coverage.

  • For death by accidental causes before reaching 66 years old, it will be 100% payout if it falls between the first and second year of the policy and 210% from the third year onward.
  • For death by non-accidental causes, it will be 100% from the first and second year and 105% from the third year.

Am I eligible for the Allianz Prime Saver?

The minimum age for coverage is 15 days old. The coverage term is 20 years for anyone below 70 years old and 30 years for anyone below 60 years old.

 

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