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Jul 2020

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Source: Asia Insurance Review | May 2020

Tokio Marine Life Insurance Singapore launches #go8 campaign alongside three new plans
Tokio Marine Life Insurance Singapore (TMLS) has unveiled a new #go8 campaign, alongside its latest release of a whole life plan and two investment-linked policies (ILPs) offering solutions for all stages of financial planning.
 
TMLS’s latest whole life plan, #goLifePro, enables coverage untill age 99 and allows protection boosters of up to 10 times. To cope with unexpected events, customers who are retrenched will benefit from continuity of coverage with premiums waived for 12 months. 
 
Additionally, the new ILPs #goClassic and #goInvest are distinct in that customers have the flexibility of making withdrawals while accumulating wealth.
 
#goClassic offers a diverse selection of premium term and plan currency, two options of life cover and access to ILP funds that meets customers’ needs and risk profile.
 
For policyholders seeking higher returns for their investment, #goInvest offers multiple bonuses to boost investments and optional riders for enhanced protection.

AIA PUBLIC Takaful introduces new family takaful plan in Malaysia
AIA PUBLIC Takaful recently launched its latest family takaful plan, A-Life Legasi to help customers ensure that the future of their loved ones is well-protected. 
 
A-Life Legasi also acts as an estate-planning solution for customers where it offers high protection with a minimum coverage of MYR350,000 ($80,000) and pays up to 600% of the total sum covered in the form of Hibah (gift) to their loved ones.
 
A-Life Legasi customers can enjoy up to MYR4m coverage without undergoing any medical check-ups and will be covered for accidental death, death during Hajj or Umrah, as well as total and permanent disability (TPD).
 
It also helps customers boost their savings by rewarding them for practising good financial habits and for reaching important milestones in their lives. Customers have the option to enhance their protection and savings needs by adding a variety of optional riders to their A-Life Legasi plan, including protection against critical illness.
 
In addition, the plan enables customers to share their wealth by channelling the takaful benefits to the community as part of their ongoing charity through its A-Plus Infaq rider.
 
Should a customer pass away or suffer TPD, the rider coverage amount will be payable to the customer’s preferred charitable cause or the rider’s charitable partners – Mercy Malaysia and the National Cancer Society of Malaysia.

Manulife partners dacadoo to help customers in Asia make healthier lifestyle choices
Manulife has announced its collaboration with dacadoo to enhance its digital offerings in Asia. Under this new partnership, dacadoo will strengthen Manulife’s existing health engagement platform, ManulifeMOVE, to enable customers more easily to understand their health and be guided to develop healthier habits.
 
The enhanced capabilities, which feature dacadoo’s patented health score, will provide customers a scientific yet simple scoring method to measure how healthy they are and what they need to do to stay healthy.
 
This will make it easier for ManulifeMOVE customers to make better health decisions by encouraging them to take simple preventive actions including better nutrition, exercise and sleep habits to improve their long-term health.
 
The new functionalities will be available on the ManulifeMOVE programme and will be accessible to policyholders in Hong Kong, Singapore and Vietnam from May 2020.

AXA Insurance launches new investment-linked plan in Singapore
AXA insurance has announced the introduction of an enhanced investment-linked plan, AXA Flexi Protector, which comes with new features and fund ranges to cater to the changing needs for protection and wealth accumulation across an individual’s life.
 
Customers will have access to a comprehensive and diversified range of investment funds to grow their wealth, as well as the option to customise their plan and adjust it at any time according to their protection needs.
 
The plan offers customers a wide range of rider options for enhanced protection and the choice to transfer ownership to a family member at major life milestones to ensure continuity of the coverage and investment.
 
At a minimum monthly premium of S$100 ($70) a month, AXA Flexi Protector provides lifetime coverage against death, total and permanent disability and terminal illness at an affordable price. 
 
To help customers grow their investment, the plan comes with an extra premium allocation of 102% of the regular premium starting from the fifth year onwards and additional bonus units as high as 0.3% per annum of the account value. A 
 
Do you have a new product or programme, or are you innovatively utilising the power of technology? 
Share your product news with us: editor@asiainsurancereview.com
 
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