Start-ups that are members of the FinTech Association of Malaysia (FAOM) will be receiving free insurance coverage from Allianz Malaysia.<\/p>\n
Allianz will be offering a free annual Group Personal Accident (GPA) coverage to current startup members of the FAOM.\u00a0<\/p>\n
Any Malaysian start-ups that comprise of less than 30 employees may also register with FAOM in order to be entitled to the sponsorship.<\/p>\n
\u201cAllianz is passionate about driving innovation.\u00a0<\/p>\n
\u201cIn coming up with this initiative, we want to help start-ups relieve the burden of certain issues that could hinder their growth; financial liabilities arising from employee accidents is a huge responsibility that can be offset by a Group Personal Accident coverage,\u201d said Michael Fong, head of Digital Partnerships and Innovation, Allianz General Insurance Company (Malaysia) Berhad.<\/p>\n
Fong believed that for a start-up, taking on the full responsibility for the cost of insurance can be a daunting task, especially when they are just starting out with limited capital and resources.\u00a0<\/p>\n
\u201cThis is why Allianz is going the extra mile in sponsoring FAOM-registered start-ups with our Group Personal Accident policies.<\/p>\n
\u201cThe free GPA coverage offered by Allianz entitles FAOM-registered start-ups with an ace in hand, enabling them to provide better protection to their current or potential employees,\u201d added Fong.\u00a0<\/p>\n
The Allianz Group Personal Accident insurance provides compensation to employees that experience death or permanent disablement arising from accidents.\u00a0<\/p>\n
The coverage can also be upgraded to cover temporary total or partial disablement, as well as medical expenses incurred from accidental losses.\u00a0<\/p>\n
“The Fintech Association of Malaysia encourages strategic collaborations within and beyond the community and as a start, we are delighted to partner with Allianz General,” said David Fong, president of the Fintech Association of Malaysia.<\/p>\n
“As the national Fintech platform, providing value to our members is one of our key objectives.\u00a0<\/p>\n
\u201cThis PA coverage offered by Allianz would be a great way to alleviate the cost of insurance to support small-medium Fintech companies who are just starting up.\u00a0<\/p>\n
\u201cWe certainly welcome and look forward to more collaborations down the road,” he added.<\/p>\n
\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
Start-ups that are members of the FinTech Association of Malaysia (FAOM) will be receiving free insurance coverage from Allianz Malaysia. Allianz will be offering a free annual Group Personal Accident (GPA) coverage to current startup members of the FAOM.\u00a0 Any Malaysian start-ups that comprise of less than 30 employees may also register with FAOM in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-1549","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/1549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/comments?post=1549"}],"version-history":[{"count":1,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/1549\/revisions"}],"predecessor-version":[{"id":4881,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/1549\/revisions\/4881"}],"wp:attachment":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/media?parent=1549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/categories?post=1549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/tags?post=1549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}