Hong Leong Assurance Berhad 198201014849 (94613-X)

Education

Provides you with investment opportunities to fund your child's tertiary education needs without having to actively manage your investment portfolio while providing your child with protection.


HLA Wealth Grow Plus

Give your child a head start in life

As parents, we want to provide the best education for our children, and with rising costs, it’s never been too early to start saving for their future. However, planning for their education isn’t easy as we need to scrutinise our financial decisions at different stages of life in order to meet their savings needs. 

HLA Wealth Grow Plus makes planning for your child’s education easy. Its savings plan capitalises on aggressive growth to accumulate higher savings in the early years while minimising risk exposure at a later stage with stable growth—just in time for your child’s tertiary education. This feature relieves you from the tedious monitoring of your long-term education savings plan.

With a choice of flexible premium payment terms and policy terms, it’s never been easier to secure the best for your child’s future.

 

Premium Payment Term
6 years 10 years 15 years 20 years
 
Policy Term
Entry Age Policy Term
Unborn Child to 5 years old 20 years, 25 years, or Up to age 25
6 to 15 years old Up to age 25
 

Moreover, the HLA Wealth Grow Plus is an investment-linked insurance plan that comes with protection against death where the death benefit is higher of the Basic Sum Assured or Account Value. The minimum Basic Sum Assured is 60 times of your annualised premium. This ensures that your child obtains the essential protection needed while they are growing up.


Benefits

  • Additional Allocations

    If you save more, we will help you invest more for your savings goals. You can enjoy 2% of additional allocations in the First Three Years with a Basic Annualised Premium of RM12,000 and above. These additional allocations will increase to 4% if your Basic Annualised Premium is RM24,000 and above, and to 5% if the Basic Annualised Premium is RM30,000 and above.

  • Auto Rebalancing Investment Strategy1

    Regularly monitoring your education savings plan can be a tedious affair, but by choosing the auto rebalancing strategy, you can accumulate more savings by capitalising on aggressive growth during the early years, while minimising risk exposure in the later years for stable growth. This feature assists in the smooth monitoring of your education savings plan to ensure that you are financially well-prepared for your child’s tertiary education.

    1For selected investment linked funds.
     

  • Bonus Units

    From the beginning of policy year 7, enjoy extra units that will be automatically added to your policy.

  • Savings Incentive

    When you choose a premium payment term of 15 or 20 years, you will enjoy extra savings. A premium payment term of 15 years will give you an additional premium allocation of 5% on the premium payable for policy year 10 and 15, while a premium payment term of 20 years will give you an additional premium allocation of 5% on the premium payable for policy years 10, 15, and 20.


Who Can Apply

  • Annualised Premium

    Unborn child
    Minimum : RM1,200
    Maximum : RM5,000

    Others
    Minimum : RM1,200
    Maximum : Subject to underwriting

  • Basic Sum Assured

    Minimum : Depends on your entry age, and annualised premium, subject to minimum of RM10,000
    Maximum : Subject to underwriting

  • Entry age of the Child

    Unborn child
    Minimum : 13 weeks of gestation
    Maximum : Before birth

    Others
    Minimum : 30 days old
    Maximum : 15 years old

  • Payment Frequency

    Monthly, quarterly, semi-annually & annually

  • Payment Term Options

    6, 10, 15, & 20 years

  • Policy Term

     

    Entry Age Policy Term
    Unborn Child to 5 years old 20 years, 25 years, or Up to age 25
    6 to 15 years old Up to age 25


More information


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