HLA Asset Protector
Guarding your assets, securing your business
Your aspirations deserve to be protected as much as you. HLA Asset Protector complements your existing financial planning and lets you purchase coverage for a loan or key personnel in your company, ensuring that business will go on as usual even while facing unfortunate events.
HLA Asset Protector is a regular premium investment-linked plan that protects against Total and Permanent Disability (TPD1), Old Age Disablement (OAD2), or death, up to age 1003. This plan gives you the option of additional term protection, guaranteed income, medical coverage, critical illness coverage, and waiver of premium benefit with add-on riders.
1 TPD refers to Total and Permanent Disability prior to attaining age 65.
2 OAD refers to Old Age Disablement after attaining age 65.
3 Your insurance charge (which is not guaranteed and deducted from the account value) will increase as you get older. It is possible that the account value may be insufficient to pay for the high insurance charge and policy fee in later years due to circumstances such as poor fund returns, premium holiday or withdrawals causing your policy to lapse before attaining the age of 100. In such event you may need to top up your premium to ensure continuous coverage.
Benefits
Ideal loan protection
HLA Asset Protector protects your outstanding financial commitment in the form of a lump sum payment that goes towards paying your loan in the event of TPD1, OAD2, or death. It is flexible towards your changing needs as you have the option of, among others:
Adjusting your loan protection coverage when needed in the event of refinancing, an overdraft, or opting for an early repayment.
Settling your outstanding loan with withdrawal from your account value.
Withdrawing from the account value to finance the renovation of your home or expansion of your business.
Shortening your premium payment term by opting for Reduced Paid Up, provided there is sufficient account value to pay for the one-time charge.
Leaving behind a legacy
HLA Asset Protector can also be used to leave behind a legacy for your loved ones. In the event of TPD1, OAD2, or death, you or your loved ones will receive a lump sum payment of sum assured and your account value.
1 TPD refers to Total and Permanent Disability prior to attaining age 65.
2 OAD refers to Old Age Disablement after attaining age 65.
Safeguarding your human capital
Insuring key personnel in your company will help to protect your profits while reducing your losses should an unfortunate event occur. With this plan, you will receive a lump sum payment to help with the recovery of your business if your key personnel are unable to work or while you find a replacement.
Who Can Apply
Entry age of the Child
Minimum : 18 years old
Maximum : 70 years old
Age of the Policy Owner
Minimum : 16 years old
Maxmium: 65 years old4
Basic Sum Assured
Minimum : RM 500,000
Maximum : Subject to underwriting
Annual Premium
Minimum Annual Premium shall be based on the Basic Sum Assured Purchased.
Payment Frequency
Monthly, quarterly, semi-annually, annually
Policy Term
100 – Entry age
4 If the Waiver of Premium Rider is purchased.
More information