Zurich Favour8 Guaranteed Acceptance

Easy and hassle-free application with no medical check-up required.

Gone are the days of tedious insurance applications. As its name would suggest, Zurich Favour8 Guaranteed Acceptance offers a unique Guaranteed Acceptance1 feature, where you can be insured for up to RM500,000 basic sum assured with no medical check-up required.

Pay for only 8 years and get 20 years of assured coverage.

Unlike regular life insurance plans where you pay premiums until the maturity of your policy, Zurich Favour8 Guaranteed Acceptance is a smart plan that requires you to pay your premiums for only 8 years – a relatively short term commitment, that allows you to enjoy long term cash savings and protection for over 20 years.

Watch your savings grow with Guaranteed Cash Back2.

Under the Zurich Favour8 Guaranteed Acceptance plan, you will receive Guaranteed Cash Back annually starting from the 1st policy year up until the end of your 20th policy year. Best of all, these generous payouts throughout the policy term will add up to 120% of your policy’s basic sum assured.

 

END OF POLICY YEAR	GUARANTEED CASH BACK (% OF BASIC SUM ASSURED)
1st–10thpolicy year	4%
11th–20thpolicy year	8%
TOTAL (1ST–20THPOLICY YEAR)	120%

 

You may opt to accumulate the Guaranteed Cash Back with us at a prevailing interest rate3 determined by us; or reinvest it into the designated investment-linked funds for Zurich Favour8 Guaranteed Acceptance, to reap more potential returns.

128% of the basic sum assured guaranteed upon maturity.

Upon maturity of your Zurich Favour8 Guaranteed Acceptance policy, you will receive a lump sum payment comprising of 128% of the basic sum assured. To top it off, you may also receive the accumulated Guaranteed Cash Back (if any) and a payout from your policy’s investment account value depending on the underlying performance of the investment-linked funds.

Stay covered against the unexpected while you save.

Apart from financial gains, Zurich Favour8 Guaranteed Acceptance also provides coverage against the unexpected. Should death or Total and Permanent Disability4 (TPD) occur, the benefits as follows will be payable.

Non-accidental Death/TP		Accidental Death/TPD
Within 2 years from After 2 years from Commencement Date	After 2 years from Commencement Date
• Total premium paid for Zurich Favour8 Basic without interest (after deducting Guaranteed Cash Back paid/withdrawn, if any); • Total unallocated premium of Zurich Favour8 Saver; • Investment Account Value (if any); Less any indebtedness.	• Basic sum assured or total premium paid for Zurich Favour8 Basic (after deducting Guaranteed Cash Back paid), whichever is higher; • Accumulated Guaranteed Cash Back (if any) • Investment Account Value (if any); Less any indebtedness.

 

70/30 strategic plan to boost your funds further.

70% of the total premiums paid will be allocated into your Zurich Favour8 Basic, while 30% of the total premiums paid will be allocated into your Zurich Favour8 Saver to make your money work harder. The premium under Zurich Favour8 Saver will be invested equally into two professionally managed investment-linked funds at 95% allocation rate. The allocated premium will be used to purchase units in the two designated funds below:

1. Zurich Health Care Fund
   
   An equity fund that invests its assets in the Vanguard Health Care ETF with the balance in cash and cash equivalents. The fund aims to provide capital appreciation over the medium to long-term investment horizon.
2. Zurich Global Edge Fund
   
   A global fund that invests primarily in the Schroder ISF – QEP Global Quality index, with the balance in cash and cash equivalents. It provides capital growth through investment in equity securities of companies worldwide whose financial characteristics show high quality attributes. The plan’s investment feature allows you to reap potential returns, thus providing you with a stronger monetary safety net that can help you realise your financial aspirations.

Here’s an example of how Zurich Favour8 Guaranteed Acceptance works:
Mr. John purchases Zurich Favour8 Guaranteed Acceptance with RM100,000 basic sum assured to save up for his retirement, and opts to receive his Guaranteed Cash Back on a yearly basis.
From the end of his 1st policy year, he receives the Guaranteed Cash Back on a yearly basis, which totals up to RM120,000 at the end of his 20th policy year.

 

Upon maturity of his policy, he receives a lump sum payment of RM128,000.

 

On top of the guaranteed benefits, he also receives investment returns from his investment account value⁵. The payout comes at the right time as Mr. John prepares for his retirement.

Note: This example is for illustrative purposes only. Please speak to our Zurich Wealth Planner to obtain the
sales illustration and premium rate that is applicable to you.

⁵The funds’ values are dependent on prevailing market values and the underlying investment performance
of the respective funds.

 

The minimum basic sum assured is RM10,000 and the maximum sum assured is RM500,000 per life.

Zurich Favour8 Guaranteed Acceptance is open to anyone between 30 days old and 65 years old (attained age). However, the policyholder must be at least 16 years old.