Back

Retirement

Smart NextGen Insurance Plan

An insurance plan that allows you to simplify complex wealth distribution for your loved ones.

Your Bespoke Protection Plan

Your legacy is a gift to those you love. Ensure it remains secure by planning with intent today, so you can rest easy knowing tomorrow is protected for your loved ones.

Architecting Your Legacy: The Essential Foundation

 

SIMPLIFIES COMPLEX WEALTH DISTRIBUTION

HIGH NON-MEDICAL LIMITS

 TRIPLE BONUS AND GROW YOUR WEALTH

Customize how your loved ones receives their inheritance—choose between a lump sum payout or a steady annual income for up to 10 years.

 Get on the fast track to protection. Secure coverage of up to RM10 million without the hassle of a medical examination. Stay committed and watch your assets climb. Our Triple Booster Bonus is designed to significantly increase your final payout.

INTERNATIONAL ACCIDENTAL SHIELD

7-CURRENCY LEGACY SHIELD

SHORT TERM COMMITMENT, LIFELONG COVER

Receive an additional 300% of your Floor Amount for accidental death overseas, or up to 500% during a natural disaster, providing up to RM15 million in additional coverage in life

Secure a coverage indexed to major currencies such as USD/SGD/CNY/GBP/AUD/EUR while maintaining the Floor Amount in MYR. At inception, the floor currency exchange rate will be locked to act as the Floor Amount of your policy.

Build your wealth and protection with a premium payment term of 3, 5 or 10 years while getting protection until age 80 or 100.

Accelerate Your Wealth Growth with Triple Booster Bonus

 

LEGACY BOOSTER

An additional amount equivalent to 10% of floor amount* after the 5th policy year, which will be payable in the event of death or Total and Permanent Disability (TPD). There is no cost of insurance charged to the additional amount under the Legacy Booster.

*Floor Amount is the minimum guaranteed coverage amount denominated in Malaysian Ringgit. It is derived by multiplying the chosen currency cover amount with the floor exchange rate of the chosen currency upon issuance of the policy.

MATURITY BONUS

Upon policy matures, maturity bonus is payable according to the premium payment

term chosen, as below

Premium Payment Term

3 years

5 years

10 years

% of Annual Premium (Basic + Enricher)

40%

80%

160%

You will be able to receive this bonus with the following criteria:

  1. All due premium is paid up-to-date within the grace period; and
  2. No premium holiday throughout the policy term.

LOYALTY BONUS

A bonus paid in one lump sum into Account Value 1 at the end of every 10th policy year,

until the policy matures, based on the premium payment term chosen.

 

Premium Payment Term

% of Annual Premium (Basic + Enricher)

Policy Year

3 years

5 years

10 years

Every 10-policy year from the end

of 10th policy year until maturity

Min 10% up to 40%

Min 20% up to 80%

Min 40% up to 160%

Provided that:

  1. All due premium is paid up-to-date within the grace period
  2. No premium holiday throughout the policy term
  3. No partial withdrawal from Account Value 1

Secured for Generations with Customised Wealth Distribution

AZRIEL, age 45, is married with four children. He wants to ensure that his loved ones receive financial support in carefully planned stages to safeguard their future year after year.

He signs up for Smart NextGen Insurance Plan with a premium payment term of 5 years, coverage up to age 100 and the Sum Insured of RM10 million. He nominates his 4 children as the beneficiaries – each child receives 25% of Total Death Benefit Payout in staggered payments over the years with the following payout arrangement.

 

 

Death Benefit Allocation

Payment Settlement Options Selected

First Lump sum Payout

Subsequent Payment

Staggered Instalment Payout

Child 1

25%

Lump sum

100%

-

-

Child 2

25%

Lump sum + 2 annual payment

50%

Balance 50%

To be paid in 2 years

Child 3

25%

Lump sum + 5 annual payment

20%

Balance 80%

To be paid in 5 years

Child 4

25%

Lump sum + 10 annual payment

20%

Balance 80%

To be paid in 10 years

*Note:

  1. With estimated Total Sum Insured + Legacy Booster is higher than Account Value 1.
  2. Annual payment options are available for up to a maximum of 10 years for Death or Total and Permanent Disability (TPD) benefits. Each annual payment will be calculated as the benefit payable multiplied by the factor based on the number of annual payments selected.

Rewarding Your Commitment, Growing Your Wealth with Legacy Booster

GEORGE is 30 years old and thinking far ahead into his future. He signs up for Smart NextGen Insurance Plan with the Currency Cover Amount of USD2 million. George has a premium payment term of 10 years with coverage up to age 100.

His currency cover amount is USD2 million. At inception the floor currency exchange rate is 1 USD = 4.10 MYR, hence George’s Floor Amount is locked in at RM8.2 million.

 

Upon George's death, the exchange rate strengthens to 1 USD = 5.20 MYR making the Sum Insured the highest amount for the Death Benefit.

Sum Insured: USD2 million x RM5.20 = RM10.4 million

Hence George’s next of kin will receive Sum Insured + Legacy Booster: RM10.4 million + RM820,000 = RM11.2 million

Assuming in this scenario the Sum Insured is the highest amount (At point of Death USD Prevaililng Currency Exchange Rate strengthens to RM 5.2).

*Note::

Death Benefit = HIGHEST of the following will be paid out

  1. Sum Insured (based on the Prevailing Currency Exchange Rate at the date of notification) PLUS legacy booster (if any) MINUS any partial withdrawal within 12 months from the Account Value 1 prior to the death
  2. Floor amount PLUS Legacy Booster (if any) MINUS any partial withdrawal within 12 months from the Account Value 1
  3. Account Value 1 at the next valuation immediately after the notification of claim PLUS Account Value 2 (if any) at the next valuation immediately after the notification of claim.

Lock in Your Coverage Today

 

 STEP 1

STEP 2

STEP 3

Set Your Legacy

Lock In the Amount

Legacy Fulfilled

Fix how much currency cover amount you would like your legacy to be and pick your preferred currency:

  1. USD (United State Dollar)
  2. SGD (Singapore Dollar)
  3. CNY (Chinese Yuan Renminbi)
  4. GBP (British Pound Sterling)
  5. AUD (Australian Dollar)
  6. EUR (Euro)
  7. MYR (Malaysian Ringgit)

If you select a foreign currency for the currency cover amount, it will be converted to MYR as Floor Amount*.

The Floor Amount of Smart NextGen Insurance Plan is derived by multiplying the coverage amount with the floor currency exchange rate of the selected currency.

Upon death/TPD, your beneficiaries will receive payout in the RM equivalent amount of your selected currency.

 The death/TPD benefit will be payable in RM, by multiplying the chosen coverage amount with the selected country’s Prevailing Currency Exchange Rate at the time of claim or the Floor Currency Exchange Rate whichever is higher.

 

 

How do you lock in your coverage today?

 

 

Note:

The Sum Insured of the policy will fluctuate with the Prevailing Currency Exchange Rate (PCER), which is determined by the middle rate available at the 5.00pm session as published by Bank Negara Malaysia on the last business day of the previous month.

*Floor Amount is derived by multiplying the chosen Currency Cover Amount with the selected country’s Floor Currency Exchange Rate at the time of proposal, denominated in RM.

Once a policy is issued, the Floor Amount will be the minimum guaranteed sum insured amount of the policy, regardless of the monthly fluctuation of the Prevailing Currency Exchange Rate (PCER).

  1. The Total and Permanent Disability (TPD) Benefit accelerates the payment of the Death Benefit of your policy, subject to per life limit of RM10 million.
  2. Assuming the Sum Insured and Account Value 1 of your policy is lower than the Floor Amount.

Secure your legacy plan today

 

Secure a private consultation with our wealth & legacy advisors to design a bespoke distribution strategy.

Initiate your interest via the Retirement & Legacy icon on your MAE app.

 

Contact your dedicated Personal Advisors / Relationship Manager

 

Visit the nearest Maybank Branch

Brochure & Product Disclosure Sheet

 

E-Brochure EN | BM | CHI

Product Disclosure Sheet EN | BM

PIDM Protection

 

PROTECTION BY PIDM ON BENEFITS PAYABLE FROM THE UNIT PORTION OF THIS PRODUCT IS SUBJECT TO LIMITATIONS.

Please refer to PIDM’s TIPS Brochure or contact Etiqa Life Insurance Berhad or PIDM (visit www.pidm.gov.my).

Important Notes

 

This is an insurance product that is tied to the performance of underlying assets, and is not a pure investment product such as unit trusts. 

The information provided on this page is not a contract of insurance plan. The descriptions of cover are a brief summary for quick and easy reference. The precise terms and conditions that apply are in the policy document. 

 This plan is underwritten by Etiqa Life Insurance Berhad (201701025113)/ (Licensed under the Financial Services Act 2013 and regulated by Bank Negara Malaysia) and Malayan Banking Berhad (196001000142) is the intermediary in distributing this Plan. Please read and understand the Product Disclosure Sheet (PDS), Brochure and Policy Wording before signing up.

Locate a Branch

Find a Maybank branch nearby to you

Locate Us

Other insurance products to choose from