SecurePro explained: benefits, limits and the fine print
Etiqa's SecurePro is an investment-linked plan with a milestone benefit and rider add-ons. Here is what the product page and disclosure sheet state.
SecurePro is an investment-linked life insurance plan from Etiqa, sold with several cover-term options and a feature Etiqa calls the Milestone Celebration Benefit. This article works from Etiqa's own published product page and disclosure sheet, on the date shown in that material, rather than making any claim about how SecurePro compares against other investment-linked plans on the market.
What the plan is
SecurePro combines life protection with an investment account, structured so that part of each premium buys insurance coverage and part is invested in unit funds you choose, an arrangement typical of investment-linked plans generally. It is available to the insured or a spouse aged 17 to 70, and separately to children from as young as 14 days old, with coverage running up to age 100. It offers multiple coverage term options rather than a single fixed structure.
What it pays
According to the product page:
- Death benefit: RM500,000 plus the policy's account value.
- Total and permanent disability benefit: RM500,000 plus the account value, payable up to age 69.
- Critical illness cover through riders: an IL Accelerated CI rider providing RM100,000 of cover, and a separate IL CI Care rider also providing RM100,000, both add-ons rather than built into the base plan.
The published premium example is RM1,530 a month, though the actual premium for a given buyer will depend on age, sum assured, chosen term and fund selection, so treat that figure as illustrative rather than a quote.
Riders and the Milestone benefit
Etiqa lists several optional riders that can be added to SecurePro:
- IL Waiver of Premium for Critical Illness, which waives future premiums if the policyholder is diagnosed with a covered critical illness.
- IL Waiver of Premium for Total and Permanent Disability.
- IL Payor Waiver of Premium, available for a spouse or a juvenile policy, waiving premiums if the paying party dies or becomes disabled.
The Milestone Celebration Benefit is listed among the plan's key features on the product page, though the specific mechanics, what milestone, what benefit, are not detailed beyond the highlight; check the product disclosure sheet or ask Etiqa directly for the exact terms before assuming what it pays.
Cash value and how it behaves
Because SecurePro is investment-linked, its "cash value" is the unit account value, which rises and falls with the performance of the funds you have chosen, unlike a traditional whole life policy's cash value, which accumulates through a fixed crediting mechanism set by the insurer. This means the account value is not guaranteed and depends on market performance, fund charges and how much of your premium goes toward insurance charges as you age.
One detail worth flagging clearly: PIDM protection on benefits payable from the unit portion of an investment-linked plan is limited, according to Etiqa's own disclosure sheet. The protected amount and its scope differ from the way a traditional policy's guaranteed benefits are protected, so this is worth reading in the disclosure sheet itself rather than assuming the full account value carries the same protection as a conventional policy's guaranteed sum assured.
What governs if a figure here and the policy disagree
This article summarises Etiqa's product page and disclosure sheet. The disclosure sheet and the actual policy contract are what determine your benefits and their limits; where either differs from what is described here, or from a sales illustration you have been shown, the disclosure sheet and policy contract govern. Etiqa also publishes flyers for its wider investment-linked range, including IL Infinite Care, IL Lady Care and IL Ultimate Health, which are separate products from SecurePro and worth comparing if you are exploring this category broadly.
What to check on any investment-linked plan, including this one
| Check | Why it matters |
|---|---|
| Insurance charge scale by age | Rising charges can erode account value faster as you get older |
| PIDM protection on the unit portion | Limited compared with a traditional policy's guaranteed benefits |
| Fund switching terms and fees | Affects flexibility if your risk appetite changes over time |
| Rider costs versus a standalone critical illness plan | A rider may or may not be the cheaper way to add that cover |
Our investment-linked comparison is a way to check these details against other insurers' published investment-linked plans.
Talk to an advisor
Investment-linked plans mix protection and investment in ways that are easy to misread from a product page alone, particularly around how charges scale with age and what happens to the account value if the fund underperforms. A licensed advisor can walk through SecurePro's disclosure sheet with you and compare it against your specific goals. Find one through the advisor directory, or ask our assistant about a term in the disclosure sheet you are unsure of.
Sources
This content is educational information from a licensed advisor, not financial advice. Product details vary by insurer — verify specifics with an advisor.
