KUALA LUMPUR (March 17): AIA Public Takaful Bhd (AIA PUBLIC Takaful) has launched its latest Family Takaful Plan, A-Life Legasi, a syariah-compliant plan that also acts as an estate-planning solution for customers where it offers high protection with a minimum coverage of RM350,000.

The plan pays customers up to 600% of the total sum covered in the form of Hibah or gift to their loved ones. In addition, customers who take up the plan can enjoy up to RM4 million coverage without undergoing any medical check-ups and will be covered for accidental death or death during Hajj or Umrah, as well as total and permanent disability (TPD).

"Not only are customers able to protect and accumulate their wealth with A-Life Legasi, the plan also provides an avenue for them to contribute back to the community by sharing their legacy with a charitable cause through its latest and first-in-market A-Plus Infaq rider," AIA Public Takaful said in a statement.

This means that should a customer pass away or suffer TPD, the rider coverage amount will be payable to the customer’s preferred charitable cause or they may select to donate to the rider’s charitable partners, which are Mercy Malaysia and the National Cancer Society of Malaysia (NCSM), the statement read.

“What distincts A-Life Legasi from other similar plans offered in the market is that the charitable element (A-Plus Infaq) is developed as part of the product feature, eliminating the hassle for customers to engage external parties in helping them channel their donations," said AIA Public Takaful chief executive officer Elmie Aman Najas.

"In other words, our customers are provided with an avenue to distribute their wealth to their preferred charitable cause in a simplified and sustainable manner even after they are no longer around. This then indirectly improves social participation, which ultimately creates a positive impact on all members of the community,” he added.

Another unique feature of A-Life Legasi is its Akaun Legasi, which helps customers boost their savings by rewarding them for practising good financial habits and if the customers make their contributions on time, an amount will be credited into their Akaun Legasi every two years, at year 20 and at the end of the certificate term.

If a customer gets married, welcomes a new family member, retires or reaches other significant life achievements, up to 50% of the accumulated Akaun Legasi amount will be payable to them.

According to the statement, A-Life Legasi is available for individuals between the ages of 14 days old and 70 years old, and provides various coverage and contribution terms to suit customers’ needs.

To commemorate AIA PUBLIC Takaful’s partnership with its charitable partners, the takaful operator donated RM10,000 to Mercy Malaysia and NCSM.