Allianz Life launches new insurance plan PrimeCover

Allianz Life chief executive officer, Joseph Gross said this product is for customers seeking high insurance protection during their income productive years while planning for their financial legacy for the next generation.

KUALA LUMPUR: Allianz Life Insurance Malaysia Bhd launched its premium investment-linked insurance plan (ILP) Allianz PrimeCover which combines death, total & permanent disability (TPD) and critical illness income.

The insurer said on Monday the plan comes with a six-pay (six-year premium payment term), 10-pay and full-pay with coverage term of up to age 60,70,80 or 100.