AIA Malaysia Wealth Insurance Plan
A-Life Wealth Venture is a life insurance with a high protection plan from AIA Malaysia. That is designed to help secure the legacy against uncertainties and unforeseen risks. For growing lifelong venture with peace of mind.
See below to have a closer look at the coverage and benefits under AIA A-Life Wealth Venture.
Click the button below to contact AIA Insurance Agent Levine Lee, to answer your questions on this insurance plan.
Or send in an enquiry. We will contact you to create the best insurance quotations to fit your personal life insurance plan needs.
What is AIA A-Life Wealth Venture Insurance Plan?
A-Life Wealth Venture is a traditional non-participating insurance plan that provides Total and Permanent Disability (TPD) coverage. Up to the age of 80 years old. The insurance plan offers high protection with a minimum coverage of RM2,000,000.
Under this insurance plan, AIA offers extensive coverage terms and various premium payments so that policyholders can find the one that fits their needs the best.
Do I Need AIA A-Life Wealth Venture Insurance Plan?
This A-Life Wealth Venture is suitable for:
Professional and young entrepreneurs (age 35 to 45)
This group of people are successful in life, and financially sound. They seek for high protection to cover mortgage loans and to protect their family’s lifestyle.
Businessman and pre-retirees (age 46 to 55)
This group of people is financially secure and financially sound. They seek for high protection to cover for their company’s key personnel to ensure business continuity. As well as part of the succession planning.
AIA A-Life Wealth Venture Insurance Plan Coverage Benefit
The Basic Benefit
1. Death Benefit
The insured member receives 100% of the Basic Sum Assured upon death.
2. Total and Permanent Disability (TPD)
The insured member receives a total of 100% of the Total and Permanent Disability Sum Assured, upon suffering from Total and Permanent Disability (Any Occupation) or Presumptive Disability prior to age 70,
3. Vitality Yearly Cash Bonus
This Vitality Yearly Cash Bonus is only applicable if the insured member is an AIA Vitality member. This cash bonus will be payable on every policy anniversary depending on the insured’s AIA Vitality status.
The amount shall be payable based on the Basic Sum Assured and the insured member’s AIA Vitality status as stated below:
|AIA Vitality Status||Vitality Yearly Cash Bonus|
|Platinum||0.05% of the Basic Sum Assured|
|Gold||0.025% of the Basic Sum Assured|
|Siver||0% of the Basic Sum Assured|
|Bronze||0% of the Basic Sum Assured|
The Optional Rider
The optional rider for AIA A-Life Wealth is the A-Plus Waiver.
A-Plus Waiver from AIA provides coverage for the insured member for any of the 38 critical illnesses or covered surgery. The future premium of the Basic Plan will be waived, upon the insured member being diagnosed with any of the 38 covered critical illnesses or covered surgery.
The list of 38 Critical Illnesses under A-Plus Waiver is as follows:
- Heart Attack
- Coronary Artery By-Pass Surgery
- Serious Coronary Artery Disease
- Heart Valve Surgery
- Fulminant Viral Hepatitis
- End-Stage Lung Disease
- Kidney Failure
- Surgery to Aorta
- Chronic Aplastic Anaemia
- Major Organ/Bone Marrow Transplant
- Blindness – Permanent and Irreversible
- Deafness – Permanent and Irreversible
- Loss of speech
- Third Degree Burns
- Multiple Sclerosis
- Paralysis of Limbs
- Muscular Dystrophy
- Alzheimer’s Disease / Severe Dementia
- Motor Neuron Disease
- Parkinson’s Disease
- Terminal Illness
- Benign Brain Tumour
- Major Head Trauma
- Bacterial Meningitis
- Brain Surgery
- Medullary Cystic Disease
- Loss of Independent Existence
- HIV Infection Due to Blood Transfusion
- Full-blown AIDS
- Occupationally Acquired Human Immunodeficiency Virus (HIV) Infection
- Systemic Lupus Erythematosus with Severe Kidney Complications
Frequently Asked Questions About AIA A-Life Wealth Venture Insurance Plan
Any individuals aged between 16 to 70 years old. Depending on the coverage term chosen.
The insured member can choose the coverage term of 10 years, 15 years, 20 years or up to age of 80.
The minimum sum assured is RM2,000,000. And the maximum sum assured is subject to underwriting.
Yes. The premiums paid for A-Life Wealth Venture can be qualified for personal tax relief, subject to the final decision of the Inland Revenue Board of Malaysia.
Wealth Insurance Policy in Malaysia
Click the links below to learn more about other types of wealth insurance plans in Malaysia.
Get consult with AIA Life Planner
To learn more about this AIA A-Life Wealth Venture insurance plan and how it can be a solution to your concern, get in touch with our Red Cover expert AIA Life Planner.
Levine Lee has over 18 years of working experience with AIA and ING Insurance. She is an expert AIA insurance agent and life planner for AIA in Malaysia. Contact LEVINE LEE, at +6012 684 0948. She can work with you to create the best plan to meet your personal life insurance needs and budget plans.
Or send in the form below for Levine to call you to scope your needs for a quotation.
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