Allianz Malaysia adds three more products to Rahmah initiative

Allianz Malaysia adds three more products to Rahmah initiative | Insurance Business Asia

Motor & Fleet

These bring the insurer’s offerings to five under the scheme

Motor & Fleet

By
Kenneth Araullo

Allianz Malaysia has introduced three additional products as part of the Rahmah Insurance Initiative. These include the “Private Car Rahmah Package,” delivering comprehensive and TPFT (third party, fire and theft) coverage, and a fresh life insurance offering named “Allianz Kasih4All,” aiming to provide affordable insurance solutions for private cars and life insurance, respectively.

Sean Wang, Allianz Malaysia CEO, emphasised that the insurer has achieved an industry first by introducing Allianz Kasih4All, a life insurance product falling under the Rahmah umbrella.

Allianz Kasih4All is structured as a yearly renewable, non-participating term plan offering coverage up to 71 years of age. This product is available in two distinct plans, with premium rates for Plan 1 and 2 commencing at RM35 and RM55, respectively, for individuals falling within the age bracket of 16 to 40.

“Allianz Kasih4All is a new life insurance product which captures the essence of Rahmah Insurance. We firmly believe that every Malaysian, regardless of their income level, deserves to lead a dignified life and have the assurance that they will leave a legacy for their loved ones,” Wang said in a New Straits Times report.

The Private Car Rahmah Package is enhanced with special Rahmah benefits, encompassing a personal accident relief of RM5,000 in case of death or disablement, hospital allowance of RM50 per day for 60 days due to hospitalisation from an accident, and a one-time flood relief benefit of RM3,000.

According to Allianz Malaysia, the package is automatically extended to the insurer’s private car third party, fire, and theft (TPFT) policyholders, as well as private car comprehensive customers with cubic capacity (cc) 1,500 and below, and sum insured RM30,000 and below.

“Our comprehensive policyholders can rely on the trusted Allianz Road Rangers to take over, whether it be on-the-spot fixes or towing your car to a reliable workshop. That professional, hassle-free way is the real Allianz experience,” Wang said. “Our Rahmah package includes a flood relief benefit that provides temporary relief for our policyholders when faced with flood disaster.”

Allianz Malaysia also reiterated its commitment to continually broadening its range of insurance solutions, ensuring they align with the evolving needs of Malaysians.

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