09-05-2025
SECURING WORRY-FREE RETIREMENT
Prepare for the unexpected and consider flexible drawdowns to safeguard against ICU stays and critical illnesses.
Hong Leong Assurance revolutionises retirement protection with HLA Future Secured
HONG Leong Assurance (HLA) is redefining retirement protection with the launch of HLA Future Secured, a transformative plan designed to turn Malaysia's ageing concerns into a future of financial stability and resilience.
As Malaysia edges closer to becoming an ageing nation by 2030, a significant portion of the population faces the prospect of outliving their savings.
Compounding this situation, less than half of Malaysians are insured, leaving many vulnerable to unforeseen circumstances.
Notably, the Alzheimer's Disease Foundation Malaysia (ADFM) projects that dementia cases will increase by 312% by 2050[3], and studies suggest that one in four Malaysians may experience a stroke by 2040.
HLA Future Secured
Hong Leong Assurance group managing director and chief executive officer Loh Guat Lan stated, 'HLA Future Secured is crafted with Malaysia's evolving demographic landscape in mind.
'Proactive financial planning and timely preparation are essential, whether for financial relief in later years or ensuring the secure transfer of a legacy.
'This is particularly vital for the 'sandwich generation' who balance caring for ageing parents, supporting children, as well as managing their own expenses and financial pressures.'
New approach to living benefits
HLA Future Secured aims to revolutionise insurance offerings by prioritising living benefits beyond the traditional death and disability benefits.
From day one, the plan provides coverage up to RM4mil for inability to perform Activities of Daily Living (ADLs).
In addition, starting from age 60 onwards, policyholders have the flexibility to drawdown up to 70% of the sum assured in the event of admission to intensive care unit (ICU) for 10 days or hospitalisation bill is RM70,000 and above, or upon diagnosis of stroke, dementia or Parkinson's disease.
Supporting the sandwich generation
This forward-thinking feature ensures policyholders have access to the necessary funds to maintain their quality of life and alleviate financial burdens on their families.
Loh further added, 'HLA Future Secured empowers individuals to navigate their Golden Years with confidence, knowing they are well-protected and supported.
'The option to begin drawdown at age 60 is crucial, aligning with the official retirement age when employer-provided protection plans typically cease, establishing a reliable and reassuring safety net during retirement.'
By addressing the issues of underinsurance and providing comprehensive, flexible coverage, HLA Future Secured stands as a pivotal solution for Malaysians seeking to secure their financial future amid an evolving demographic landscape.
Click here for more information on HLA Future Secured.
