Allianz Life introduces `Income Generator' plan

ALLIANZ Life Insurance Malaysia Bhd yesterday introduced "Income Generator", an insurance plan that also generates guaranteed income to customers. The policy includes yearly guaranteed cash payment after eight years, potential monthly returns, and a shorter payment period of only 20 years. At the same time, it also protects customers from unforeseen circumstances of total and permanent disability and untimely demise, Allianz said in a statement.