Manulife Insurance and Alliance Bank Launch New Savings Plan

Manulife Insurance and Alliance Bank  are extending their partnership with the launch of a new savings plan called “EliteLife Signature Saver.”

This insurance savings solution is tailored for Alliance Bank customers and aims to help them manage and grow their wealth while ensuring a secure financial future.

EliteLife Signature Saver provides insurance coverage for death, total and permanent disability (TPD), and accidental death. It is designed for affluent individuals, offering hassle-free enrollment for face amounts of up to RM1,000,000 per life. This allows customers to diversify their investment portfolio and achieve steady capital appreciation with moderate volatility, all without the need for long-term premium commitments.

Key Features of NEW Savings Plan

Key features of this plan include a guaranteed minimum crediting interest rate of 2% per annum for the first five policy years, along with an annual Guaranteed Cash Payment during the first 15 policy years. One standout feature is the “Wealth Pot,” providing flexibility for policyholders to switch plan options to suit their evolving financial needs. They can choose to receive a lump sum at the end of policy year 15 or remain invested and benefit from monthly crediting interest rates up to the age of 88.

This initiative aligns with the financial goals of many Malaysians, with a focus on saving for emergencies and retirement. Manulife Malaysia aims to bridge the retirement gap by offering solutions like EliteLife Signature Saver, providing customers with a sense of security while managing their financial futures.

Alliance Bank sees this partnership extension as an opportunity to offer customers a legacy planning option, allowing eligible customers to access substantial face amounts of insurance coverage without the need for financial or health underwriting. This new plan seeks to address the evolving financial needs of customers and enhance their financial security.