Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 309

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 309
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 insurance policy that doesn’t pay out dividends or bonuses based on the insurer’s profits. Instead, the policyholder doesn’t participate in the company’s surplus or profits. However, non-participating policies do guarantee benefits upon maturity. Non-participating insurance also offer a guaranteed death benefit that will go to an individual’s beneficiaries when they pass, provided they pay the required premiums to keep the protection in force.

The most common type of non-participating life insurance we broker spans the individual’s entire life.

Investment-Linked Assurance Scheme (“ ILAS”)

ILAS is a long-term insurance policy which provides both life insurance protection and investment options. It is designed for investors who are prepared to hold the investment for a long term period and willing to pay surrender charges which may be high if the policy is surrendered in early years. ILAS products are also subject to different fees and charges in relation to both the insurance and investment elements. Regarding premium contribution, if the policyholder fails to continue to pay premiums during the premium payment period, the policy may be terminated when the accumulated value of the policy is insufficient to cover the relevant fees and charges. In such cases, the policyholder may lose all the premiums paid and the life insurance protection.

Those who have an ILAS policy own a life insurance policy instead of its underlying assets. The insurance company, being the ILAS issuer, owns the underlying assets. Meanwhile, the policyowners do not have any right over the underlying funds. Any recourse is against the insurance company.

The most common type of ILAS we broker spans over 10 years.

From March 31, 2023 to March 31, 2024, we have increased net revenue 1186% from $845,395 to $10,887,830.

PRICING AND REVENUE

Our Company’s insurance product offerings’ and pricing methodology is formulated based on the portfolio of insurance products offered by our partners. Insurers determine product pricing and we work closely with our customers so they can achieve the best policy and products our partners have to offer.

On behalf of the insured person, we search insurance companies and policies for the best available coverage suitable to meet the needs of the insured person. Our technical representatives meet with the customer and assist them throughout the entire process. This includes conducting financial analysis on the customer, helping them to fill out the insurance application form(s), ensuring the customer understands all the different documentation, as well as signing all relevant insurance document.

We never accept any form of payment or settlement from customers. All