Page 20 - 2Q2021 RETAIL WEALTH ADVISORY Playbook

Bancassurance

Key benefits

 Enjoy tax advantages while you’re living
o Life insurance is entitled to tax relief claims up to MYR 3,000 per annum.
o Education and medical insurance are entitled to tax relief claims up to MYR 3,000 per annum.
o Reducing your taxable income could also potentially lower your tax bracket, which brings more
tax savings.
 Protect your long-term savings from medical conditions and catastrophes
o Illnesses are part of life, and insurance can provide much-needed financial protection during
stormy days.
o Medical inflation is growing at a staggering pace, and insurance can help you transfer those
financial risk.
 An attractive alternative to traditional means of accumulating wealth
o Most assets take time to accumulate value. With insurance, there is no build-up period to raise
funds. A policy’s death benefit is available to the beneficiary whether the owner has been
paying premiums for 20 years or just one.

Legacy/Debt Medical Save & Protect Education
Coverage

Smart Wealth
Smart Cash Xtra
Smart Waris

Smart Secure
Takaful Smart Plus Smart Flexi Plus Smart Flexi Plus
Premier Cash
Refund Protection
Plan
Smart Hijrah
PremierValue Savers

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