In a strategic move to enhance financial security and planning for Malaysians, Allianz Life Insurance Malaysia and HSBC Bank Malaysia Berhad (HSBC Malaysia) have jointly launched a new life insurance plan named “HSBC’s Universal AssuredTreasure.” This plan aims to facilitate savings growth, provide steady income streams, and offer comprehensive financial protection.
Starting at an annual premium of $1,271 (RM6,000), the Universal AssuredTreasure plan offers guaranteed cash payments along with essential protection for policyholders and their families.
“By combining Allianz Life’s expertise in insurance with HSBC Malaysia’s extensive banking network, we are empowering more individuals to achieve their financial goals and protect their futures. This collaboration indirectly makes insurance accessible for every Malaysian and helps lower the protection gap in the country,” said Charles Ong, CEO of Allianz Life, in a joint statement.
A notable feature of the HSBC’s Universal AssuredTreasure plan is that it does not require a medical checkup or health declaration, making it more accessible. Additionally, the plan provides regular cash payouts to support customers’ financial objectives.
HSBC Malaysia has been the exclusive bancassurance distributor for Allianz Life insurance products since 2012, offering a wide range of coverage that includes protection, education, retirement, wealth, and legacy planning needs.
($1.00 = RM4.72)
