Who needs an income replacement protection solution to pay premiums?
| Life & health protection plan | Premium Payer | insured | Additional insurance product solutions | Premium benefits are paid by Allianz* if a critical illness or total permanent disability occurs to the breadwinner | |
| For yourself |
Self (as breadwinner) |
Payor Benefit | Premium Payer | Life benefits are still available for heirs** | |
|
Self (not breadwinner) |
Spouse Payor Benefit |
Partner Premium Payer |
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| For couples |
Self (as breadwinner) |
Partner (not breadwinner) |
Payor Benefit | Premium Payer | |
|
Self (not breadwinner) |
Partner (as breadwinner) |
Spouse Payor Benefit |
Partner Premium Payer |
||
| For children |
Self (as breadwinner) |
Child | Payor Benefit | Premium Payer | |
|
Self (not breadwinner) |
Spouse Payor Benefit |
Partner Premium Payer |
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If the husband and wife are joint breadwinners, they can take Payor Benefit & Spouse Payor Benefit products at the same time in the Policy
*) Until the age of the premium payer/spouse reaches 65 years of age.
**) As long as the Policy status is active according to the terms and conditions that apply in the Policy.
Illustration of Protection Benefits
- Including Periodic Top Up Premium (if any and selected as a benefit).
- As long as the regular payment of the Total Periodic Premium and Investment Fund Value is sufficient for payment of insurance fees, monthly administration fees, etc.
- Except during Leave Premium and Investment Fund Value is still sufficient to bill insurance fees, monthly administration fees etc.
Terms and conditions
- Entry age: 18 – 63 years (nearest birthday).
- Maximum age of protection: 65 years.
- The review period for total permanent disability claims is 180 days (does not apply to total permanent disability resulting in an amputation of the appropriate part stated in the policy).
- The benefit of paying the Total Periodic Premium by Allianz is starting from the next due date after the claim is received and approved.
- Exceptions apply according to the terms & conditions in the Policy.