KUALA LUMPUR, March 16 (Bernama) -- Zurich Takaful Malaysia Berhad (Zurich Takaful) is making takaful participation more convenient via direct online purchase of its Takaful 3asyCare and Takaful Medicash plans.

This supports the Malaysian Takaful Association’s Race for Cover Towards Takaful 2020 initiative to generate wider takaful exposure to reach more Malaysians and encourage participation. Current takaful penetration rate among Malaysia’s 32 million population is about 16%.

A workforce study by Zurich and Oxford University revealed 45% of working Malaysians below 30 profess knowledge about insurance but only 27% have some form of protection. This low uptake of insurance among young Malaysians is worrying as they will not be financially prepared should something happen to them.

Zurich Takaful Chief Executive Officer, Mukesh Dhawan, said, “Technology is shaping lifestyles, giving rise to the gig economy with growing traction of ride-hailing and delivery services, among others. Obtaining protection should be no different, especially for first-time buyers. Our mission is to enhance the Malaysian lifestyle and one of the ways to do it is to make our products available for purchase within the palm of their hand – affordable protection with simplified purchasing experience.”

Takaful 3asyCare shields participants against negative emotional and financial impact during life’s unexpected moments from as low as RM0.50 per day. It covers three of the most commonly diagnosed critical illnesses - heart attack, stroke, and cancer; and extends financial support in the form of a Special Care Benefit equivalent to 10% of coverage amount, payable within one working day.

For added protection, Takaful MediCash offers Daily Hospitalisation Income, Monthly Accidental Total and Permanent Disability (TPD) Income and Compassionate Allowance and Overseas Daily Hospitalisation Income Benefit to shield against income loss. Participants can receive up to RM400 supplementary income per hospitalised day to ease their recovery journey. If the participant remains healthy without making any claim for the past years, they are rewarded with 20% discount for their next contribution.

Customers who wish to find out the ideal coverage for their protection can make use of Zurich’s Debt Gap Calculator to do a quick assessment of their current assets and liabilities. The calculator can be found at zurich.my/debtgapcalculator

For more information and online purchase of Takaful 3asyCare and Takaful MediCash, visit online.zurich.com.my

Zurich Insurance Group (Zurich) is a leading multi-line insurer that serves its customers in global and local markets. With about 55,000 employees, it provides a wide range of property and casualty, and life insurance products and services in more than 215 countries and territories. Zurich’s customers include individuals, small businesses, and mid-sized and large companies, as well as multinational corporations. The Group is headquartered in Zurich, Switzerland, where it was founded in 1872. The holding company, Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information about Zurich is available at www.zurich.com

Zurich Malaysia is a collective reference term for the Zurich Insurance Group (Zurich) business subsidiaries operating in Malaysia: Zurich General Insurance Malaysia Berhad, Zurich Life Insurance Malaysia Berhad, Zurich General Takaful Malaysia Berhad and Zurich Takaful Malaysia Berhad. Zurich Malaysia offers a broad range of comprehensive insurance and takaful solutions; helping individuals as well as business owners understand and protect themselves, their businesses and their assets from risk. Zurich Malaysia has an integrated branch network across 40 locations as well as dedicated agency and distribution channels nationwide to serve the needs of its customers. For further information on Zurich Malaysia, visit www.zurich.com.my

Zurich Takaful Malaysia Berhad (ZTMB) is one of Malaysia’s leading family takaful operators. It is a member of Zurich Insurance Group and the sole provider of shariah-compliant family takaful products within Zurich. With more than a decade of Takaful market expertise, ZTMB offers protection, medical and health, savings as well as investments solutions to address its customers’ needs at different life stages. Together with its dedicated employees, agency force, distributors and partners, supported by its nationwide branch network, ZTMB is committed to help its customers understand and protect themselves from risks. Additionally, conventional life insurance products are made available to customers through its sister company, Zurich Life Insurance Malaysia Berhad. Further information about ZTMB, visit www.zurich.com.my

SOURCE: Malaysian Takaful Association (MTA)

FOR MORE INFORMATION, PLEASE CONTACT
Zurich Malaysia
Name: Yana Rahman
Tel: 012-211 2451 / 03-2109 7474
Email: yana.rahman@zurich.com.my

Name: Maryam Zainol
Tel: 012-622 5156 / 03-2109 7473
Email: maryam.zainol@zurich.com.my

Jireh Consult Sdn Bhd
Name: Debbie Koh
Tel: 012-206 1961 / 03-7710 8122
Email: dkoh@jirehconsult.com

Name: Darren Chong
Tel: 012-713 8575 / 03-7710 8122
Email: dchong@jirehconsult.com

--BERNAMA