Peace of mind wherever life takes you
FINANCIAL PLANNING services consists of 3 BIG AREAS:
(I) Wealth Accumulation
Investment Planning
Retirement Strategy
Annuity Bonds
Education Planning
(II) Wealth Creation
Insurance Planning
Assets Protection
Risk Diversification
Business Succession For SMI
(III)Wealth Distribution
Estate Planning
Will Writting
Click here for more details
We also provide
Housing Loan
Click here for more details
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Brochure 1
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Brochure 2
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Brochure 3
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Brochure 4 |
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Brochure 6 |
Life Insurance: Saving for Your Child’s Education with AIM AGENCY
Every parent desires the best for their children right from the very day when the child is born. Certainly education will ultimately top the list of ‘must haves’ as it forms a legacy, which can bear a positive, lasting impact upon the children’s lives.
Since education is a basic necessity, it is only a matter of time before the issue surfaces. Therefore, it is wise to start early rather than having to grapple with the consequences of insufficient funds later.
Importance of Creating an Education Fund
Education gives a headstart to your children’s career, as paper qualification is a pre-requisite rather than an option in securing a job nowadays. With a tertiary education, your children would to a certain extent, be able to command a higher start-up pay. Findings from the Malaysian Employers Federation (MEF) survey for 2003 indicated that the average salary at entry level for graduates with a Bachelors Degree was RM1,669 and RM1,192 for Diploma level qualification (The Star 25 April 2004). This would mean that someone with no paper qualification will be at a disadvantage.
Furthermore, a well-planned education fund would better prepare you to face escalating educational costs in the future. It is estimated that the cost for overseas and local tertiary education fees increase at 7% and 4% yearly inflationary rate respectively. As it is, the cost for private college education locally based on a four-year science course, is approximately RM52,000; whilst a four-year course pursued in the UK, incurs an estimated total cost (tuition plus living expenses) of RM358,000 (as at 2002). These figures will continue to rise.
By having sufficient funds, you would avoid the need to source for loans. This would certainly free you from having to worry about carrying the burden of debt into your retirement days. The benefits of education planning can be felt even more profoundly if there is more than one child, as it would simply mean double or triple the costs.
Sufficient funds also allow greater flexibility for your child to pursue their preferred course, providing them the freedom of choice.
Types of Investment
This depends on one’s risk appetite. The conventional type of savings instruments such as fixed deposits (FD) are lower risk compared to products such as investment-linked plans. However, as is widely known, the lower the risk, the lower your investment return.
If you are prepared to take on a little more risk in your investment portfolio, investment-linked plans may offer you higher potential returns. Such plans usually allow you to contribute as low as RM150 per month, in which your investments can have access to a choice of funds ranging from equity, balanced to fixed income-based funds.
Fixed income-based funds may suit those who do not want to be overly exposed to investment volatility but are still keen to ride on the potentially higher returns of investment-linked plans. Such funds in general provide higher returns as compared to the conventional FD, whilst still providing considerably steady returns.
PLEASE CALL AIM AGENCY OR CARRIAN LAI TO Find out more on the products and services available for education planning.
Investment Linked:
Individual Life :
Life Insurance: Building an Emergency Fund
Along our life’s journey, there is a possibility of any of us being admitted into hospital for various health issues. With today’s improving medical technology, hospitalization costs for medical treatment can be expensive. The medical bill could be beyond the means of an average-income earner. It is therefore wise to set aside a little of your savings to purchase a hospitalization insurance plan which will serve as an emergency fund.
Hospitalization insurance
Hospitalization insurance plans would normally cover medical expenses incurred as an in-patient. Examples of such expenses are room and board, intensive care unit, surgical fees, operation theatre, specialist’s consultation, post-hospitalization and follow-up treatment cost.
Possible consequences of not obtaining hospitalization insurance
You may be financially drained in order to pay for the medical expenses. Moreover, your dependents may face financial difficulty due to the indebtedness caused by the hospitalization. This may lead to a compromise in the quality of life for your family as a whole.
Optimum timing for purchasing hospitalization insurance
Start as early as possible. It is to your advantage especially when you are still healthy as compared to one with health problems, who may have to pay added premiums due to higher health risks.
Once purchased, most hospitalization plans would usually provide coverage to age 100, hence protecting you in times when you need it most.
Continuous protection
It is important to look for a hospitalization plan that renews your coverage without evidence of insurability and provides continuous protection up to the expiry age in spite of your history of hospitalization, if any, since policy inception. This feature would certainly be valuable to policyholders who have had a relapse of the same condition suffered, for example, 10 years ago. One example of such a condition would be cancer whereby treatment costs incurred are high and therefore insurance protection is most critical.
PLEASE CALL AIM AGENCY OR CARRIAN LAI TO Find out more on the product and services available on hospitalization coverage.
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ExcelCare Plus
Escalating cost of healthcare.... few of us plan for hospitalization expenses. The truth is, a completely unforeseen and unavoidable operation can sometimes drain your entire savings. Fear not, for you are now given the means to protect your lifestyle and savings.
AIA Health Service… adds value to your ExcelCare medical protection by providing you with 24-hour, hassle-free assistance in :
- Hospital admission
- Direct settlement of the hospital bill upon discharge
Worldwide Coverage… travel with the peace of mind, knowing that you are protected anywhere in the world.
Invaluable Coverage… assure yourself of protection against the unexpected when you renew your coverage without evidence of insurability.
Life Insurance: Planning for Your Retirement
Importance of retirement planning
Retirement should indeed be the golden years – if it is carefully planned out. All of us desire to live comfortably upon retirement without having to compromise on the standard of living in which we were so used to. For instance, the reduction in living expenses upon retirement would mean giving up on activities such as regular visits to the gym or beautician, the monthly contribution to our grandchildren’s savings account, the food supplements which have been keeping us fit, or even the yearly overseas trip to break free from life’s monotony… the list just goes on. Though these items fall under the category of ‘nice to have’, we all agree that they do play a role in enhancing our quality of life and those around us. The truth is; if given a choice, nobody would want to go backwards after 20 to 30 years of hardwork.
What are the consequences of not providing enough for the nest egg?
It would mean financial dependence on our children. Hence financial freedom, which is one of the main drivers in our lives, will be diminished. As for those who cringe at the idea of losing their financial independence, the option to work beyond the average retirement age of 55 years old would seem like a better choice.
Why retirement planning is often neglected:
There is a general understanding among contributors that the Employee Provident Fund (EPF) contribution is more than sufficient to help them through retirement. However it is reported in the Star (13 th May, 2004) that the average EPF contributor has just over RM77,000 on reaching age 55. Therefore, for a person living on an average expense of RM2,000 per month (RM24,000 a year), that amount of fund would probably last a meager three years or so!
Another reason why retirement planning is not widely pursued is because most people think that such prospect is still too remote and time is still on their side. But, do you know that in order to generate a monthly retirement income of RM2,000 based on a Fixed Deposit interest rate of 3.7% per annum, one would need to have a principal of RM650,000 upon retirement? This figure would presumably double for someone who wishes to enjoy a monthly retirement income of RM4,000 (these calculations assume that the principal is not liquidated). Therefore, starting early is essential to avoid a shortfall in one’s retirement income.
How much is enough?
Do not be mistaken that cost of living after retirement is low. Though a retiree may be free from major financial commitments such as mortgages and children education funding, other incidental costs such as house maintenance, clinical visits, medical insurance premiums etc should be considered when determining how much you need for retirement.
Another factor is a person’s life expectancy. Men’s life expectancy in Malaysia is said to be around 70, whilst ladies go up to 75 years old ( Abridged Life Tables (1999-2000), Dept of Statistics, Malaysia). Therefore you need to ensure that your retirement fund stretches until then to avoid any unforeseen circumstances. It is always better to overestimate than underestimate and have to live through the consequences later.
Discipline
Finally, you should create a budget to avoid overspending. Based on an EPF survey, it is reported in the Star (13th May, 2004), that 70% of contributors who took out their money on reaching age 55 spent all their saving within 3 years! Therefore, to better control the inward and outward flow of money, one of the ways is to get a saving instrument that periodically pays an income to you. In this way, you would have better control over your finances and not be set back by the occassional impulse purchases.
PLEASE CALL AIM AGENCY OR CARRIAN LAI TO Find out more on the product and services available for retirement planning.
Investment Linked:
Individual Life:
AIA Investment Funds: Dollar Cost Averaging
Picking the bulls and bears of the market is a difficult task. By investing regularly over a medium to long term period, you can remove the need to forecast the market by making buying decisions systematically and achieve growth in your investments at lower cost through Dollar Cost Averaging.
Dollar Cost Averaging is based on the economic fact that if you buy a security of which price varies up and down with a fixed amount of money at fixed intervals, you will automatically buy more every time prices fall, and buy less when prices are high.
In the following scenario, you pay RM2,000 premiums in year one (1) and the unit price of the fund you are investing in is RM1.30 per unit. You will receive 1,538 units. Taking the extreme, if the unit price drops in year 2 to RM1.00, you will receive another 2,000 units. If the fund performance peaks in year five (5), you will receive 1,111 units that year.
The results in year five (5)? You will own 7,800 units with a total investment of RM10,000 over five (5) years. Despite drops in unit prices in year four (4) and year two (2) [compared to the unit price of RM1.30 that you paid in year one (1)], with the ending unit price of RM1.80, your units are worth more than what you paid for them. The average unit price over the five (5) year period was RM1.34, but the average unit cost to you is RM1.28. Additionally, your fund value at year five (5) is RM14,040, representing a 40.4% growth over your total investment of RM10,000. As you see, Dollar Cost Averaging can work for a consistent investor over a period of time.
Example of Dollar Cost Averaging
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Year
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Annual Premium Paid (RM)
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Unit Prices (RM)
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Units Purchased
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1
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2,000
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1.30
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1,538
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2
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2,000
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1.00
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2,000
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3
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2,000
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1.50
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1,333
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4
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2,000
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1.10
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1,818
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5
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2,000
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1.80
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1,111
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Total
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10,000
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6.70
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7,800
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- Average Unit Price over the five (5) year period is RM1.34.
- Average Unit Cost to you over the five (5) year period is RM1.28.
- Your fund value at year five (5) is RM14,040.
- Gains after five (5) years 40.4%.
(If you are planning to make Dollar Cost Averaging part of your investment strategy, please note that it does not guarantee profit or guard against loss)
Our Available Funds are as follow:
PLEASE CALL CARRIAN LAI OR ML AIM AGENCY FOR ADVICE.
Accident & Health
AIM AGENCY UNDERSTANDS THAT Today’s consumers are looking beyond permanent savings and wealth accumulation products. They are concerned with financial support in the event of an accident or an illness not resulting in death.
We provide risk-based protection through a full range of Accident and Medical Health Insurance products with hassle-free application.
Our value-for-money, innovative and comprehensive plans offer benefits catering to increasingly changing protection needs.
Who needs Accident & Health coverage?
As long as you earn an income and someone depends on you emotionally or financially, it is best that you are adequately protected.
Why is Accident & Health coverage important to you?
It gives you a value-for-money plan with broad and comprehensive coverage. We offer Accident & Health coverage in a convenient manner which meets your needs while maintaining your family’s standard of living.
Type of Coverage offered:
Accidental Coverage:
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Adult Policies:
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Juvenile Policies:
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- Accidental Death Benefit
- Accidental Death & Dismemberment
- Accident Living Benefits
- Medical Reimbursements
- Weekly Indemnity
- Broken Bones & Burns
- Physician Benefits
- Treatment Benefit
- Home Care
- Accident Hospital Benefits
- Living Cash Allowance
- Public Common Carrier
- Disability Annuity Benefit
- Public Conveyance Benefit
- Emergency Medical Evacuation Benefit
- Permanent Total Disability Benefit
- Snatch Protection
- Double Living Cash Allowance
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- Accidental Death & Dismemberment
- Accident Living Benefit
- Medical Reimbursements
- Nursing Care Benefit
- Accident Hospital Income
- Payor Benefits
- Education Allowance
- Transport Allowance
- Government Hospital Cash
- Accidental Death Benefit
- Snatch Protection
- Living Cash Allowance
- Accident Hospital Income/Benefit
- Dismemberments Benefit
- Death by Accident
- Death by Accident on Public Common Carrier
- Physician Benefit
- Hospital Cash Allowance
- Scholarship Benefit
- Graduate Honors Benefit
- Family Visit Benefit
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Family Policies:
- Accidental Death & Permanent Total Disability Benefit
- Snatch Protection
- Living Cash Allowance
- Double Living Cash Allowance
- Medical Reimbursement
- Accident Hospital Benefit
- Accident Living Benefit
- Accidental Living Benefit
- Accidental Death Benefit
- Disability Allowance
- Payor Benefit
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Travel PA Policy:
Policy offered is as follows:
| Travel PA Policy:
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- Accidental Death & Dismemberment
- Medical Reimbursements
- Hospital Income Benefit
- Emergency Medical & Evacuation Benefit
- Repatriation of Remains
- Staff Replacement Expenses
- Loss of Deposit / Journey Cancellation
- Travel Delay
- Baggage Delay
- Loss of Travel Documents
- Journey Curtailment
- Loss of Money
- Loss of Baggage
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Health Coverage
The Health Coverage available for both Adult and Juveniles are as follows:
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Adult Policies:
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Juvenile Policies:
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- Crisis Events Benefits
- Emergency Medical & Evacuation Benefit
- Daily Hospital Benefits
- Cancer Diagnosis
- Cancer Check
- Radiation & Chemotherapy Treatment
- Crisis Event Treatment Benefit
- Surgical Reimbursement Benefit
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- Crisis Events Benefit
- Emergency Medical & Evacuation Benefit
- Daily Hospital Benefits
- Cancer Diagnosis
- Cancer Check
- Radiation & Chemotherapy Treatment
- Crisis Event Treatment Benefit
- Surgical Reimbursement Benefit
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Employee Policies (Worksite Marketing)
Other Added Features:
- American International Assistance Service (AIAS)
- Tele Medicine Access (Second Opinion & Case Management)
- Overseas Student Assistance Program
- Renewal Bonus of Sum Assured (If applicable)
- Grace Premium of 31 days on premium due
- 24-hour Worldwide Coverage
- Hassle-free method of payment. Credit Card or Autodebit
- AIA Care Card (Hassle free hospital admission)
Group Employee Benefits
AIA Group Management Division (GMD) provides a comprehensive and attractive employee insurance benefits to some of the largest Multi National Corporations (MNCs) and local conglomerates. Our mission is to be the market leader and the most profitable Group insurance company in Malaysia. To achieve that, we have pledged to be customer-oriented, responsive, reliable and professional.
AIA GMD is one of the leading market players in employee benefits, insuring more than 10,000 corporate clients and covering over 1 million members, with the head office in Kuala Lumpur and branches in Penang and Johor Bahru. We are dedicated to development, servicing of employee benefits products and services and offering solutions.
Group Employee Benefits & Services include:
- Group Term Life & Total Permanent Disability Benefit
- Group Accidental Death & Disablement Benefit
- Group Long Term Disability Benefit
- Group Critical Illness Rider
- Group Hospital & Surgical Insurance
- Group Managed Care
- Group Corporate, Flexible & Travel Personal Accident
For the Employer, Group Insurance highlights on the following:
- Builds goodwill – the employees know their employer takes care of their welfare and security
- As a fringe benefit, it reduces labour turnover
- Is a budgeted and controlled program to provide comprehensive employee benefits
- Offers protection against unforeseen expenditure
- Provides an opportunity to cover all employees with lower premiums
- Relieve the administrative burden pertaining to employee benefits
- Requires minimum evidence of insurability
Key features include:
- 24/7 hotline
- On-line access on benefits and claims status through eBenefits
- Medical examination
- Repatriation of remains
Worksite Marketing
Worksite Marketing is the distribution channel of insurance products at the work place. This includes complementing any existing coverages by employers for its employees. This distribution channel focuses on employees who wish to purchase additional insurance. Marketing of these products are jointly facilitated through the employees' respective employer at no obligation and no cost to the employer . Premiums are usually paid through Salary Deduction.
Commercial Insurance
What is Commercial Insurance?
If you own a business: a shop, a restaurant, a company etc, this is what you need - an insurance that pays for loss of or damage to your business properties. This is an important product to protect you from financial losses after a disaster. It not only secures your source of business income from being destroyed but provides peace of mind.
It simply means you take care of your business and let AIA worry about your properties.
AIA Commercial Insurance Products are as follows:
Important: This is purely a product summary and shall under no circumstances be used or deemed as an offer to sell nor shall it be taken as a form of professional advice of any manner. Please contact CARRIAN LAI OR ML AIM AGENCY at 06-2331099 for more information.
AIA简介:
1948年, 美国友邦保险有限公司(American International Assurance Company,Limited)在
马来西亚吉隆坡成立分行. 至今, 马来西亚友邦保险有限公司(American International Assurance
Bhd)在我国已拥有60年丰富经验, 并成为国内规模最庞大的人寿保险公司之一. 马来西亚友邦保险
在全国拥有23间分行, 逾1000名雇员及8000名保险代理员. 友邦保险通过以庞大营销员队伍为主的
不同销售渠道, 为客户提供全面的寿险产品及服务. 公司专注于产品的推陈出新, 以迎合市场时刻改
变的需求.
友邦保险是美国国际集团(AIG)的子公司, 该集团是世界保险和金融服务的领导者.
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