ILP-Request for Alteration
Policy Number : 1059822824
Life Assured : LIM WAN ZI
NRIC : XXXXXXXXXX0252
Main Plan : SMARTPROTECT LEGACY MAX
Next Premium Due Date : 01/07/2023
Policy Status : Inforce
Payment Frequency : Monthly
Payment Method : Bank Order
I/We hereby request the following alteration(s):
Decrease Basic Sum Assured to RM 500000.00 for SMARTPROTECT
LEGACY MAX (0494)
Cancellation of IL PREMIUM WAIVER EXTRA RIDER (U102)
Decrease BIP to RM 757.60
Increase Balancer / Regular Top-Up / GSR to RM 1625.75
Total Investment Premium RM 2383.35 comprises BIP of RM
757.60 and Balancer / Regular Top-Up / GSR of RM 1625.75
-------------------------------------
(Signature of Policy Owner)
:___________________________________
Lim Wan Zi
Name
:___________________________________
000909-01-0252
NRIC
29/06/2023
:___________________________________
Date
Note: The above alteration(s) is subject to company's approval
Prepared By:LEE JIA SHENG/6750238/CHEONG CHOON KEONG
Printed Date: 29/06/2023
Request Id: 2514039
NOTE:
Total Investment Premium is subject to Service Tax at the prevailing
rate, if applicable.
The above illustration rules is up to one (1) month from the printed date
of this quotation.
The Total Investment Premium is not inclusive of cash paying riders, if
applicable.
The sum assured of waiver and /or payer rider will be revised based on
the the new Total Investment Premium (Note: The Additional GSR due
to sustainability will not increase the sum assured of waiver and/or
payer rider).
Please note that any amendment to your coverage will change the
insurance charge accordingly. We wish to remind you to monitor the
policy's total investment value from time to time to ensure that it is
enough to cover the insurance charges. You may also take advantage
of the flexibility of investment-linked plans and increase your regular
premium anytime during the policy's term to raise your policy's total
investment value.
The new revised premium will take effect from next premium due date.
The sustainability result is based on the following assumptions:
Any transaction(s) performed during the processing time will not be
taken into the calculations.
You continue to pay your current premium when it is due, and there are
no partial/early withdrawals in the future.
The insurance charges and policy fees are based on current level as at
the date of the letter. Please take note that your insurance charges will
increase according to your attained age next birthday and/or any
revision by the Company (as per policy's terms and conditions) causing
higher deduction of units from the Total Investment Value.
The payment of premium is not a guarantee of sustainability as the
value of the Unit Funds may fall below the amounts of premiums paid
depending on the performance of the underlying assets.
There is no change to your policy coverage such as addition or removal
of rider(s) and/or the sum insured.
Please also take note of the following factors, which could affect the Total
Investment Value (TIV) and sustainability of your policy:
1. When you exercise premium holidays (stop paying premium) or apply
for partial / early withdrawals.
2. When you add until deduction rider(s) or increase insurance cover
without increasing premiums
3. Revision to cost of insurance and/or other charges by insurers without
increasing premiums.
4. The level of premium selected by you when the policy was purchased
may have been insufficient.
5. Unfavourable intestment returns as compared to the projection at the
point of sale.
