In Malaysia's market, there are two common types of life coverage for investment-linked products - "Add basis" and "Max basis".
It determines the money the beneficiary will receive if the life assured dies or suffer from Total Permanent Disability.
1) "Add basis" - In this case, the insurance payout amount is the addition of your chosen Sum Assured plus the total investment value in your account.
2) "Max basis" - In this case, the insurance payout amount is the maximum of your chosen Sum Assured plus the total investment value in your account.
Be careful of the feature of your insurance plan.
It determines the money the beneficiary will receive if the life assured dies or suffer from Total Permanent Disability.
1) "Add basis" - In this case, the insurance payout amount is the addition of your chosen Sum Assured plus the total investment value in your account.
2) "Max basis" - In this case, the insurance payout amount is the maximum of your chosen Sum Assured plus the total investment value in your account.
Be careful of the feature of your insurance plan.