Allianz Life Insurance Malaysia Berhad (ALIM) has just launched PowerSaver - an endowment plan that gives you More for Less. With premium payment of five years, you will be protected for thirty years.
According to Alexander Ankel, CEO OF Allianz Life Insurance Malaysia Berhad, "PowerSaver is designed with the future in mind. It is also a well-thought retirement plan that allows individuals to tailor their financial commitments by paying premiums for a very limited period of time." He added, "A global crisis does not mean we stop planning for the future. As a matter a fact, this is when we have to pay more attention to what and how we can secure our future and the well-being of our loved ones”.
PowerSaver is not for protection only, but is a savings plan as well. PowerSaver will provide a lump sum payment to loved ones when the unforeseen such as premature death or Total Permanent Disability happens, assuring protection for your family. At the same time, guaranteeing savings, a policyholder can enjoy a Yearly Guaranteed Cash Payment after the fifth policy year onwards. Policyholders also have a choice to either withdraw dividends or to accumulate interest.
"Allianz is committed in providing the best support and services to our customers. Thus, PowerSaver is specially designed for existing Allianz Life insurance policyholders as a token of appreciation for the support given to us." added Ankel.
ALIM’s diversified product portfolio has proven to be resilient against the economic uncertainties. The Company recently released its 2008 results and achieved a record high GWP of RM692million which interprets to a 16 percent increase over 2007. ALIM’s New Business Premium (ANP) also grew 25.4 percent in 2008, giving the company a rise in market share from 5.4 percent to 7 percent. All this ultimately lead ALIM one notch higher in its market ranking to number six. Its total assets also increased from RM1.69billion in 2007 to RM1.97billion last year. Despite the severe downturn in the local and global markets, ALIM’s solvency position continued to strengthen.
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