High coverage wealth and protection plan starting from RM500,000
 
KUALA LUMPUR, Dec 28 (Bernama) -- Gibraltar BSN Life Berhad (“Gibraltar BSN”), one of Malaysia’s fast growing life insurance companies, on 17 December 2020 launched GoProtect Platinum, a high coverage investment-linked plan that allows customers to grow their wealth and protect their legacy through savings and investment while enjoying superior levels of protection.  

GoProtect Platinum offers high coverage starting from RM500,000 for death, total and permanent disability, with accidental death coverage increasing fourfold if death occurs overseas. In light of the rising numbers of Malaysians being diagnosed with non-communicable diseases, the Plan also comes with a unique proposition, 3-High Cover, which provides up to RM20,000 to help offset recuperation bills when customer is diagnosed with High Blood Cholesterol, High Blood Pressure, or High Blood Sugar (Type 2 Diabetes).

Rangam Bir, President and Chief Executive Officer of Gibraltar BSN Life Berhad said, “According to the Life Insurance Association of Malaysia¹, while 54% of the Malaysian population are covered by life insurance, 90% of those insured are underinsured. On average, the estimated average protection gap ranges from RM150,000 to RM723,000 per family and the gap widens depending on the age of the breadwinner or whether the breadwinner has life or medical insurance. With the launch of GoProtect Platinum, we are pleased to be able to close the insurance coverage gap for our customers seeking superior protection to correspond to their families’ needs and lifestyles.”

To help customers grow their insurance coverage to correspond with their lifestyle changes, GoProtect Platinum boosts coverage amount by 5% starting from the fifth year onwards until the 11^th year. GoProtect Platinum also provides an extra premium allocation of 3% every 2 years after the 11^th year to protect the customer’s investments against inflation.

GoProtect Platinum is distributed via Gibraltar BSN’s nationwide agency channel and further complements the life insurer’s range of simple, relevant, and affordable financial solutions that includes life and health protection through traditional and investment-linked plans. For more information, please visit www.gibraltarbsn.com

About Gibraltar BSN Life Berhad
 
Gibraltar BSN Life Berhad (“Gibraltar BSN”) is one of Malaysia’s fast growing life insurance companies. For over 60 years, we have been protecting dreams by providing relevant and affordable protection solutions that are accessible to Malaysians from all walks of life.

The name Gibraltar BSN represents our lineage to Prudential Financial, Inc (PFI), one of the world’s largest financial institutions from the United States, and Bank Simpanan Nasional (BSN), a brand with its own history and strong financial heritage in Malaysia. The name ‘Gibraltar’ and our iconic logo the ‘Rock of Gibraltar’ both refer to PFI, illustrating over 140 years of rich history and financial strength behind the PFI brand.

As Malaysia’s Community Protection Champion, Gibraltar BSN has an extensive and diverse distribution network which comprises 9 locations across the country, a national agency force, and over 400 branches belonging to our strategic partners: Bank Simpanan Nasional.  For more information on how we can help you protect your dreams, please visit our website at www.gibraltarbsn.com.

*PFI of the United States is not affiliated in any manner with Prudential plc, a company incorporated in the United Kingdom.


¹ Source: Protection Gap Study undertaken by Universiti Kebangsaan Malaysia and Life Insurance Association of Malaysia, 2013
 

SOURCE: Gibraltar BSN Life Berhad

FOR MORE INFORMATION, PLEASE CONTACT:
Name : Sharie Elina Ibrahim
Head, Corporate Communications
Tel : (03) 2298 2038 
Email : sharie.ibrahim@gibraltarbsn.com

Name : Brandon Luke Valladares
Sr. Executive, Corporate Communications
Tel : (03) 2298 2039 
Email : brandon.valladares@gibraltarbsn.com
 
 
--BERNAMA