Hong Leong Assurance launches Asset Secure Flex

This investment-linked plan is ideal for those wanting coverage that can be personalised to match their protection needs and financial capability.

KUALA LUMPUR: Hong Leong Assurance (HLA) recently launched its “Asset Secure Flex” for customers looking for one plan to protect themselves, their family and their business.

In a statement on Wednesday, it said some people might not prioritise self-protection, especially if they have a family and business to take care of.

“HLA Asset Secure Flex is just the plan they need to safeguard themselves, and automatically secure the future of their family and business during unexpected times, ” it said.

This investment-linked plan is ideal for those wanting coverage that can be personalised to match their protection needs and financial capability.

Customers can choose a coverage term between 20 to 50 years, with a minimum sum assured of RM500,000.

They may even sign up as high as RM8mil in coverage, without going through medical examination depending on their eligibility.

The plan also offers a payment term as short as six years up to full policy term, depending on one’s affordability.

HLA also pointed out if an individual wishes for continuous coverage into the golden years, this plan can be auto-extended, recurring every five years up to age 100 without underwriting.

As for diagnosis of cancer and critical illness, or disability due to an accident, or even old age disablement, it said the plan offers a supplementary monthly income in the long run and waives premium payment to ease customers’ financial commitments during these untoward times.

The plan also safeguards individuals against unexpected retrenchment by offering 6 months of premium relief of up to RM6,000.

HLA said this plan offered an additional three times coverage up to RM3mil due to an accidental death due to natural disasters.