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AXA launches 'Wealth Genius Income Plan'

AXA has launched its 'Wealth Genius Income Plan' (Wealth Genius) to help customers to accumulate savings which will benefit their next and future generations.

Wealth Genius is a flexible plan which suits parents with newborns, those who are planning to retire, and also the middle class who want their efforts to be protected. The plan aims to help customers overcome every challenge in different phases of their lives, according to an AXA press release.

Kevin Chor, Chief Life and Market Development Officer, Hong Kong and Macau, AXA, said “We strive to be a helpful and trustworthy partner to our customers, facing every difficulty and overcoming every challenge with them in their lifelong journey. Different from other plans, 'Wealth Genius' offers high financial flexibility. We offer our customers guaranteed cash coupons, helping them to accumulate money as soon as possible, not only to achieve different goals and targets in life but also to provide them with extra protection on their way to fulfilling their dreams.”

Wealth Genius is a participating life insurance plan, offering a premium payment term as short as 3 years. Apart from the 3-year option, 5-year and 10-year plans are also available to suit any personal needs. In addition to a guaranteed cash coupon, Wealth Genius also provides guaranteed cash value (starting from the end of the second or third policy year), non-guaranteed annual dividends (starting from the end of the tenth policy year) and a non-guaranteed terminal dividend (starting from the end of the tenth policy year), helping customers to ensure healthy returns.

Wealth Genius offers a guaranteed cash coupon which will be paid up to age 138, providing a flexible flow of capital for customers. After the policy has been in force for 8 years and during the lifetime of the insured while the policy is in effect, policyholders may apply to change the insured of the policy an unlimited number of times, passing on their legacy from generation to generation with love. To further protect clients, Wealth Genius provides extra protection against health challenges with a cancer advance benefit. If the insured or policy owner is first diagnosed with cancer at or before the age of 80, a payment which is equal to 100% of the death benefit will be paid to the policy owner to ease the financial burden of treatment expenses.

The plan offers the following features:

  • Offers 3-year, 5-year and 10-year premium options with financial flexibility.
  • Provides high liquidity to fit the financial needs of every client.
  • Guaranteed cash coupon is paid up to age 138.
  • Provides extra protection against health challenges with a cancer advance benefit after a cancer waiting period of 5 years -- if the insured or policy owner is first diagnosed with cancer at or before the age of 80, a payment equal to 100% of the death benefit will be paid to the policy owner.
  • Death proceeds can be paid in a lump sum or by regular instalment.

More details can be found HERE.

AXA is one of the most diversified insurers, according to the firm, providing a full range of coverage for individual and commercial customers. The insurer offers all-round, integrated solutions across Life, Health and Property & Casualty to address customers' insurance needs.