Wealth Xtra ensures that you have protection and investment so that
you can really enjoy life to the fullest. We provide a basic insurance
protection, while allowing you to maximize your investment returns
through three choices of professionally managed investment funds. Secure
yourself with this ideal plan that helps you achieve your desired lifestyle
and retirement dream.
Wealth Xtra Benefits
Compassionate Benefit (Death)
Wealth Xtra pays 125% of the Single Premium (Sum Assured)
or Account Value, whichever is higher, upon death.
Compassionate Benefits (Total & Permanent
Disability)
In the event of Total and Permanent Disability (TPD),
Wealth Xtra will pay the Sum Assured or Account Value,
whichever is higher. TPD coverage is up to age 60.
Auto Acceptance
There is no underwriting on Life Assured for the first
RM 50,000 Single Premium Invested **.
100% Premium Allocation
100% of the Single Premium after deduction of policy fee,
will be allocated into investment.
Investment Option
You decide on the fund(s) you want to invest your money in.
Your selection will depend on your investment objective
and risk tolerance. Wealth Xtra offers a choice of three
professionally managed funds:
Uni Strategic Fund A fund which seeks to achieve consistent capital appreciation
over the medium-to-long term, by investing mainly in
companies that have been systematically screened through
a series of predetermined financial criteria.
Uni Aggressive Fund A fund which seeks
to achieve consistent and above average capital
appreciation over the medium-to-long, by investing
mainly in companies with a market capitalization
of no more than RM 750 million at the time of acquisition.
Uni AsiaEquity Fund A fund which seeks to achieve capital preservation
over the medium-term while providing a stable long-term
and secured income return by investing primarily in
a portfolio of investment-grade fixed income securities.
Professional Fund Management
The funds invested through Wealth Xtra are managed by UOB-OSK
Asset Management Sdn. Bhd.
Flexibility in Managing Your Own Portfolio
You may start your investment plan from as low as RM 5,000.
Thereafter, you may top-up, make partial or full withdrawal
or switch between the two funds. The following are tips
for you to manage your investment smartly.
Top-up If you find the investment environment flavourable,
you may wish to top-up your investment from time
to time. The minimum top-up premium is RM 1,000 per
fund. 100% of the top-up amount will be allocated
for investment.
Partial of Full Withdrawal You may make partial or full withdrawal
at any time. Partial withdrawal from a minimum of
RM 1,000 is allowed as long as you maintain a minimum
balance of RM 1,000 in Account value at all times.
Upon withdrawal, the Sum Assured for Death and/ TPD
will be reduced accordingly. In the event you make
full withdrawal, your policy will be terminated.
Switching You may switch between funds, either fully
or partial at any time.
Weekly Pricing
The pricing of the funds shall be on every Thursday. The
purchase (Offer Price) and sale (Bid Price) of the investment-linked
fund is based on forward pricing.
Should a Thursday fall on a public holiday, state holiday
or any other holiday, the next business day shall be
the pricing day for that week.
**The limit is on per life basic.
Projection of Benefits
Example:
Age 40, Male Smoker with Single Premium of RM10,000.
End of Policy Year
Scenario A (9%)
Scenario B (7%)
Scenario C (2%)
Death Benefit
Account Value*
Death Benefit
Account Value*
Death Benefit
Account Value*
1
12,500
10,244
12,500
10,056
12,500
9,587
5
14,448
14,448
13,166
13,166
12,500
10,348
10
22,230
22,230
18,465
18,465
12,500
11,386
15
34,205
34,205
25,900
25,900
12,546
12,546
20
56,629
56,629
36,327
36,327
13,853
13,853
60
1,653,102
1,653,102
543,975
543,975
30,587
30,587
Projected Maturity Benefit
= RM 1, 653, 102 (Scenario A)
= RM 543, 975 (Scenario B)
= RM 30, 587 (Scenario C)
* Those values are net of policy fee, cost of insurance, fund changes,
bid/offer spread and tax.
Note:
Scenario A, B and C assume annual compounded growth of 9%, 7% and 2% respectively
under the Uni Strategic and Uni Aggressive Funds.
The value of policy may rise and fall, depending on the funds' investment performance.
The assumptions used in the above illustration are hypothetical. The projected
results are for illustration purpose only, and are NOT guaranteed.
Investment risks under the policy are to be borne solely by the policy owners.
Eligibility
This fund is open to anyone aged 6
months to 70 years old. The minimum age for a proposer is 18 years
old. The minimum investment is RM 5, 000.
Fees and Charges :
Type
Amount (RM/Percentage)
Policy Fee
A one-time administrative charge of RM 100 to be deducted
from the Single Premium.
Fund Management
1.5% per annum of the fund value.
Cost of Insurance
Based on the Sum at Risk (varies according to sex, attained
age, risk class rating, and other rating factors).
Switching
2 free switches for each policy year.
Subsequent switches are at RM 50 per switch.
Top-up *
RM 25 per top-up.
Partial Withdrawal *
RM 50 per withdrawal.
Bid/Offer Spread
5%
Bank Commission
3% of Single Premium (included in the Bid/Offer Spread);
or RM 300 based on the Example shown above.
* These charges are currently waived until further notice
Important Notes
The plan contained herein is underwritten by Uni. Asia Life Assurance Berhad (277714-A) . All claims and liabilities arising from the policies should be made with the company.
EON Bank Group reserves the right to review any of the features and/or services stipulated without prior notice.
In the event of any conflict or discrepancy between the English text and Terms
and Conditions of this brochure and any translation thereof, the English version
shall prevail.
This material is for information purposes only and is not an offer for subscription or purchase of the units in the Fund. Investors are advised to consider the fees and charges before investing in any Fund. The plan contained herein is underwritten by Uni.Asia Life Assurance Berhad (277714-A). All claims and liabilities arising from the policies should be made with the company.
