KUALA LUMPUR, June 12 – Zurich Takaful Malaysia Bhd today launched Takaful ProAspire, a family takaful plan that offers a combination of protection and savings, allowing participants to receive cash returns annually or every three years.
Zurich Takaful chief executive officer Nur Fatihah Mustafa said this takaful product offers plans that can be fully customised according to each individual’s needs, whether it is planning for children’s education, retirement, or performing religious rituals such as umrah and hajj.
“This latest takaful also allows participants to choose to deposit cash returns into a bank account or reinvest into the Takaful ProAspire savings account,” she said during the launch of Takaful ProAspire.
She said other benefits include coverage for death, total and permanent disability, as well as coverage while performing hajj and umrah to ensure participants and their families have no worries while in the holy land.
“With loyalty rewards, participants will also get a lump sum of payment when the certificate reaches maturity.
“So, participants can choose a flexible coverage period of 15, 21, or 30 years, with the option to contribute either for five years or for the entire coverage period chosen,” she said.
She said this takaful plan, which starts with contributions as low as RM150 per month, also offers a flexible protection period with contribution options that can be adjusted according to the participant’s ability.
She noted that the low penetration rate of the takaful market in Malaysia is very worrying, as only 20 per cent of the people have takaful protection, while the other 80 per cent do not have any protection.
Therefore, she said, insurance and takaful companies, such as Zurich, must continue to play a role in providing education and awareness to the public about the importance of taking out protection such as Takaful ProAspire.
Nur Fatihah said that for the first year, Zurich is targeting RM6 million in contributions under Takaful ProAspire, with the target to be increased depending on the response received from participants.
She said that from today until July 29, customers who register for the Takaful ProAspire plan will receive a 999.9 gold bar upon approval of their application.
Also present at the launch were Zurich Takaful Malaysia chief agency officer Mohd Amri Yusop and the National Higher Education Fund Corporation state director Ahmad Shahril Ghazali.
