Secure Your Future with Guaranteed Cash Back and Growth
Zurich Favour8
Personal financial wellness in Malaysia has become an important concern today. The rising cost of living and inflation rate has shifted consumer’s consumption patterns and resulted in many Malaysians seeking solutions to grow their financial health. Fortunately, there are various solutions in the market such as fixed deposit, stock market and property that can help provide a financial safety net. However, finding the right investment options that both offer steady and stable returns can be challenging.
Hassle-Free Savings with Guaranteed Returns - Zurich Favour8 Guaranteed Acceptance
At Zurich Insurance, we believe in providing the best solutions to you and your loved ones. Introducing Zurich Favour8, an endowment plan that offers generous guaranteed cash back plus potential returns through its investment feature. For a short premium payment commitment of 8 years, it plans for your future 20 years ahead.
What benefits do I get?
You may opt to accumulate the Guaranteed Cash Back with us at a prevailing interest rate3 determined by us; or reinvest it into the designated investment-linked funds for Zurich Favour8 Guaranteed Acceptance, to reap more potential returns.
Easy and hassle-free application with no medical check-up required.
Gone are the days of tedious insurance applications. As its name would suggest, Zurich Favour8 Guaranteed Acceptance offers a unique Guaranteed Acceptance1 feature, where you can be insured for up to RM500,000 basic sum assured with no medical check-up required.Pay for only 8 years and get 20 years of assured coverage.
Unlike regular life insurance plans where you pay premiums until the maturity of your policy, Zurich Favour8 Guaranteed Acceptance is a smart plan that requires you to pay your premiums for only 8 years – a relatively short term commitment, that allows you to enjoy long term cash savings and protection for over 20 years.Watch your savings grow with Guaranteed Cash Back.
Under the Zurich Favour8 Guaranteed Acceptance plan, you will receive Guaranteed Cash Back annually starting from the 1st policy year up until the end of your 20th policy year. Best of all, these generous payouts throughout the policy term will add up to 120% of your policy’s basic sum assured.| END OF POLICY YEAR | GUARANTEED CASH BACK (% OF BASIC SUM ASSURED) |
| 1st–10thpolicy year | 4% |
| 11th–20thpolicy year | 8% |
| TOTAL (1ST–20THPOLICY YEAR) | 120% |
128% of the basic sum assured guaranteed upon maturity.
Upon maturity of your Zurich Favour8 Guaranteed Acceptance policy, you will receive a lump sum payment comprising of 128% of the basic sum assured. To top it off, you may also receive the accumulated Guaranteed Cash Back (if any) and a payout from your policy’s investment account value depending on the underlying performance of the investment-linked funds.Stay covered against the unexpected while you save.
Apart from financial gains, Zurich Favour8 Guaranteed Acceptance also provides coverage against the unexpected. Should death or Total and Permanent Disability4 (TPD) occur, the benefits as follows will be payable.70/30 strategic plan to boost your funds further.
70% of the total premiums paid will be allocated into your Zurich Favour8 Basic, while 30% of the total premiums paid will be allocated into your Zurich Favour8 Saver to make your money work harder. The premium under Zurich Favour8 Saver will be invested equally into two professionally managed investment-linked funds at 95% allocation rate.
How much can I get insured for?
The minimum basic sum assured is RM10,000 and the maximum sum assured is RM500,000 per life.
Who is eligible for this plan?
Zurich Favour8 Guaranteed Acceptance is open to anyone between 30 days old and 65 years old (attained age). However, the policyholder must be at least 16 years old.
| PRODUCT | ZURICH FAVOUR8 |
|---|---|
| Who Can Buy This Plan ? | : Retirement & Education |
| Type of Plan | : Endowment Plan |
| Basic Sum Assured | : Min: RM10,000 – Max: RM500,000 per life |
| Coverage Term | : 20 Term - 20 years from entry age |
| Entry Age | : 30 days to 65 years old |
| Maturity | : 128% of BSA + Investment Account Value + Accumulated GCB (if any) |
| Guaranteed Cash Back (GCB) | : 1st to 10th year : 4% of BSA : 11th to 20th year : 8% of BSA |
| Option for GCB |
: 1. Cash Out : 2. Kept with the Company : 3. Reinvest into Investment-Linked Fund |