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Inflation Indexed Term Rider

Policyholders of the Universal Option, Pre-eminent Option, Family Package Options A1, A2 and BII, and Whole Life plans can include this benefit in their main policy. The Inflation Indexed Term Rider provides a hedge against consumer price hikes should the insured event occur.

This rider will provide an increase in the insurable value in accordance with the insured inflation rate. The insured sum will automatically increase, commensurate with the inflation rate after each contract year, without the Insured undergoing a mandatory medical check.

This benefit is particularly attractive for family breadwinners who face rising inflation. Should the insured event occur, an increased amount of benefit (corresponding to the inflation rate) will provide better financial protection for the Insured’s loved ones.

Policyholders only need to pay an additional minimal premium based on the face value of the main policy to enjoy this added benefit. For example, if the main policy has a face value of VND 100 million and the prevailing inflation rate is 7%, the policyholder would only have to pay VND 15,750 a year.

Benefits

Death Benefit:

  • ACE Life will pay an amount of benefit equal to the face amount multiplied by the inflation rate. The applicable inflation rate is capped at 3-15%. For example, if the main policy has a face value of VND 500 million and if the insured inflation rate is 5%, the insured value will be 500 million x 105% = VND 525 million. With the same face value, if the insured inflation rate increases to 17%, the maximum rate of 15% will apply. This means that the insured value will be 500 x 115% = VND 575 million.

Total and Permanent Disability (TPD) Benefit:

  • ACE Life will pay an amount of benefit equal to the face amount. The payment shall be made over 10 (ten) years, and the payment value for each year is equal to 1/10 (one-tenth) of the Total and Permanent Disability Benefit.
  • If the Insured dies before 10 such payments have been made, the remaining amount will be paid in one lump sum.

Other Features

  • This is a non-participating and without-cash-value product
  • Entry age: 18 to 64 years
  • Expiry date: 65 years
  • Payment frequency: in accordance with the main policy (quarterly, half-yearly, yearly)
  • Inclusion: Universal Life variants including Universal Option, Pre-eminent Option, Family Package Options A1, A2 and BII, and Whole Life

* This is basic information about the product(s). Please contact our Agency or hotline on (84.8) 38 27 8123 for more details.

2014

Month

CPI (%)

January 106.04
February 105.45
March 104.65
April 104.39
May 104.45
June 104.72
July 104.98
August 104.94
September 104.31
October 103.62
November 103.23

2013

Month

CPI (%)

January

106.81

February 107.07
March 107.02
April 106.64
May 106.61
June 106.36
July 106.69
Aug 107.29
Sep 107.5
Oct 106.3
Nov 105.92
Dec 105.78

 

2012

Month

CPI (%)

January

118.13

February

117.27

March

116.44

April

114.15

May

110.54

June

108.34

July

106.90

August

105.35

September

105.04

October

106.48

November

107.00

December

107.08

2011

Month

CPI (%)

January

111.75

February

112.17

March

112.31

April

113.89

May

117.51

June

119.78

July

120.82

August

122.16

September

123.02

October

122.42

November

121.59

December

119.83

2010

Month

CPI (%)

January

106.52

February

107.62

March

108.46

April

109.46

May

109.23

June

109.05

July

108.69

August

108.19

September

108.18

October

108.88

November

109.66

December

111.09

2009

Month

CPI (%)

March

111.25

April

109.23

May

105.58

June

103.94

July

103.94

August

103.31

September

101.97

October

102.42

November

102.99

December

104.35