RHB Bank Berhad together with Bancassurance partner Tokio Marine Life Insurance Malaysia Bhd (Tokio Marine Life) recently launched Essential PrimeLink, a life insurance plan targeted to provide customers with peace of mind by giving them much needed assurance and flexibility to increase their level of investment based on their financial needs.
Mr U Chen Hock, Executive Director, Group Retail Banking of RHB Banking Group said, “The Essential PrimeLink plan offers investment opportunities to help customers achieve financial goals sooner. Customers can now feel confident about the future.”
Essential PrimeLink is a comprehensive investment-linked plan that provides the opportunity to grow customers’ wealth through the TokioMarine-Managed Fund, aimed at maximising potential medium to long term returns.
Mr U said that while protection is crucial, investment is also a vital component for individuals and their family’s future. “Essential PrimeLink gives you access to an actively managed fund that seeks to maximise returns over medium to long term. With the launch of this new plan, we are targeting RM6 million regular premiums for the next 6 months.”
Essential PrimeLink provides customers with Death or Total and Permanent Disability coverage for up to 85 years of age. Through this plan, customers will receive guaranteed annual income throughout their policy term with enhanced protection through its optional Income Shield Rider.
Customers will enjoy the benefits of only paying premiums throughout a 5 or 10 year tenure, giving them the flexibility to choose their preferred premium payment terms based on their financial capacity.
In addition, customers can purchase the plan without the hassle of going through a medical check-up. Upon maturity of Essential PrimeLink, customers are offered guaranteed insurability to sign up a new insurance product with Tokio Marine Life without medical underwriting. Meanwhile, underwriter Tokio Marine Life has guaranteed to issue up to RM300,000 Sum Assured on Death or Total and Permanent Disability with certain terms and conditions.
“Tokio Marine Life is enthusiastic to initiate this plan with RHB Bank. We want to provide customers with life insurance protection that comes with hassle-free enrolment. As you grow into each milestone in life: marriage, having a new born, buying a new home, or even starting a new business, we have the coverage that is right for the people and their family. Tokio Marine is ready for what’s next,” said Mr. Toi See Jong, Chief Executive Officer of Tokio Marine Life.