Zurich Favour8 Guaranteed Acceptance is the latest endowment plan by Zurich Life Insurance Malaysia Berhad (ZLIMB) that offers customers a short-term and hassle-free investment commitment to grow their savings. As its name suggest, the plan’s unique ‘guaranteed acceptance’ feature allows customers to be insured up to RM500,000 without having to complete any medical questionnaires and go through the hassle of medical check-ups prior to purchasing the plan.
Research has shown that more than 50% of Malaysians are not financially prepared for retirement and that one in five are saving less than 10% of their monthly salaries. Recognising that financial wellness is a matter of concern for Malaysians today, Zurich Favour8 Guaranteed Acceptance is designed to help customers boost their savings to achieve their financial aspirations; be it a comfortable retirement, quality tertiary education for their children or a dream vacation.
The majority of businesses in Malaysia believe the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade agreement signed today will have a positive impact on their business, according to the new data from HSBC’s comprehensive survey of global businesses.
Of 1,150 firms based in CPTPP member countries surveyed by HSBC, almost half at 46 per cent expect to see positive benefits.
Prudential BSN Takaful Berhad (PruBSN), through its non-profit charitable arm PruBSN Prihatin, has launched PruBSN Microtakaful Jariyah, the first offering of its kind in Malaysia that provides basic life protection coverage for one year for breadwinners in the hard-core poor and poor group.
In line with its mission to secure the future of Malaysian families through innovative solutions, PruBSN aims to build financial resilience and promote the accessibility of insurance through its microtakaful programme designed for the vulnerable communities.