AXA Affin's new financial protection plan

 

AXA Affin Life Insurance Bhd has introduced ValuePac, which the company described as an affordable financial protection plan with high coverage.

The plan is developed to suit any income profile without limiting the means to spend on other things, said the company, part of the Axa Group, in a statement yesterday.

Axa Affin said the plan is suitable for those who would like to have insurance protection but have limited means or for those who are seeking pure protection at minimum cost so that they can invest more on their own.

"Besides the affordable cost, ValuePac also offers two unique features which are renewability and convertibility options," it said.

The renewability option gives the customers option to decide later whether they want to continue with their policy after five, 10, 15 or 20 years without having to undergo the hassle of health underwriting, Axa Affin said.

The convertibility option gives customers the flexibility to upgrade their plan into a financial protection cum saving plan when they are more financially prepared or when their needs change, it said. Health evidence is also exempted under this option, it added.

Axa Affin is a joint venture between Axa Asia Pacific Holdings Ltd and Affin Holdings Bhd. - Bernama