Axa Hong Kong and Macau launch Max Goal II Insurance Plan

It promises a breakeven timeframe of 5 years.

Axa Hong Kong and Macau has launched the Max Goal II Insurance Plan, promising a breakeven timeframe of 5 years, reportedly the shortest in the market.

Guaranteed cash value at the commencement of the policy equals 81% of the single premium, according to a press release.

Beginning the third policy anniversary, Max Goal II will offer a non-guaranteed terminal dividend. Axa expects that this will allow the policy to achieve total breakeven by the fourth anniversary.

By the fifth anniversary, the guaranteed cash value will reach 100% of the single premium, Axa said. Customers will also have the choice to implement a “terminal dividend lock-in option” that will convert non-guaranteed dividends into guaranteed returns and earn interest.

In addition to these, the plan also offers a Wealth Master Service, enabling customers to set the withdrawal amount and period; and nominate up to 3 recipients to receive the withdrawal proceeds.

Customers may also split their policies as many times as they want.