, Malaysia
181 views
Linda Yip, HSBC Bank Malaysia Country Head of International Wealth and Premier Banking; and Charles Ong, Allianz Life CEO.

HSBC, Allianz Life launch wealth growth and life protection plan in Malaysia

The plan offers a minimum sum assured of MYR1m and payment flexibility.

Allianz Life Insurance Malaysia Berhad and HSBC Bank Malaysia have jointly launched EliteDiamond, an investment-linked plan offering wealth growth and life protection.

Offered by HSBC, the plan offers a minimum sum assured of MYR1m, and a limited premium payment term of either five, six, or eight years, according to a press release.

The plan also has an extra safety net of additional 400% of basic coverage in case of accidental death in public conveyance, elevator, or burning of a public building.

Clients can choose the right investment funds based on their risk appetite and switch between funds.

Clients can also flexibly choose the sum assured, payment term, and coverage term, according to HSBC and Allianz Life.

It will also offer a guaranteed increasing loyalty bonus of 11% of the sum assured at the end of the 10th policy year, or when the life assured attains age 54, the press release said.

HSBC has been the exclusive bancassurance distributor of Allianz Life insurance products since 2012.

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!