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Takaful Malaysia provides personal accident coverage to LPPSA borrowers

by moneycompass
August 3, 2021
in Corporate News
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Kuala Lumpur, 22/7/2021 – Syarikat Takaful Malaysia Keluarga Berhad (“Takaful Malaysia”), the FIRST Islamic insurance company in Malaysia through its General Takaful arm, Syarikat Takaful Malaysia Am Berhad (“STMAB”) has collaborated with Lembaga Pembiayaan Perumahan Sektor Awam (“LPPSA”) to introduce an affordable personal accident plan exclusively for LPPSA customers.

Group Chief Executive Officer of Takaful Malaysia, Dato’ Sri Mohamed Hassan Kamil said, “The introduction of our Takaful myProtect PA to LPPSA customers mark another landmark in our established long-standing partnership. Currently, we are one of the insurance panels for LPPSA in offering the Mortgage Reducing Term Takaful (“MRTT”) for home financing offered to employees in public sectors. Our Takaful myProtect PA offering through the LPPSA’s i-Prihatin Programme is a testament to our ongoing commitment in providing insurance solutions to meet the diverse needs of LPPSA customers and add value to the products and services we offer.”

Takaful myProtect PA provides comprehensive personal accident coverage in the event of accidental death, total and permanent or partial disability up to RM100,000. LPPSA customers are eligible to apply for the additional protection plan with an affordable contribution of only RM100 per year, which offers a wide range of benefits and coverage, including additional protection for accidental death or total and permanent disability due to an accident when traveling abroad or in a public conveyance. Takaful myProtect PA also provides other benefits and coverage such as Badal Hajj, medical expenses and ambulance fee, funeral expenses, snatch theft injury allowance, loss due to ATM robbery, dengue recuperation allowance, and accidental daily hospital allowance.

 

Read more : Takaful Malaysia FY19 net profit rose by 19% to RM2.76bil – Money Compass

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