Preserving wealth and providing life insurance coverage up to age 100 years
Tokio Marine Life Insurance Malaysia Bhd. (“Tokio Marine Life”) together with its Bancassurance partner RHB Banking Group (“RHB” or the “Group”) launched RHB Treasure 100, a comprehensive life insurance solution that offers a first-in-industry lifetime Guaranteed Cash Payment up to age 100 years, preserving policyholders’ wealth while providing insurance coverage.
The lifetime Guaranteed Cash Payment is made annually from the end of the first policy year, up to age 100 years for the life assured. RHB Treasure 100 policyholders may choose to receive regular cash payments, or alternatively reinvest the cash payments with Tokio Marine Life to further grow and accumulate their wealth. The policy integrates death and Total and Permanent Disability protection, as well as three optional riders to boost life protection, including term life protection for both the policyholder and life assured culminating in greater coverage and benefits.
“Tokio Marine Life remains committed to our partnership with RHB. We are constantly working together to provide unique insurance solutions to improve the quality of life of our policyholders and their loved ones. With RHB Treasure 100, we are providing a plan to preserve the wealth of our affluent segment, and maintain their legacy for their next of kin” said Mr. Toi See Jong, Chief Executive Officer of Tokio Marine Life.
Commenting on the launch of RHB Treasure 100, Rakesh Kaul, Head of Group Retail Banking, RHB Banking Group said, “RHB Treasure 100 provides policyholders the flexibility of keeping their financial commitment short and manageable, with a choice of premium payment terms of either 5 years or 10 years while preserving wealth and providing protection up to the age of 100 years. This timely addition to RHB’s suite of wealth solutions opens up even more options for our customers, allowing them to better match their financial needs. We are targeting to sign up 2,000 new policyholders through this plan in the next twelve months.”
In ensuring the health and safety of its customers especially during the prolonged COVID-19 pandemic, RHB Banking Group and Tokio Marine Life have optimised their digital platforms to provide uninterrupted support to customers for insurance policy servicing, secured online cashless payments, online claims submission and retrieving claims history.
For more information on RHB Treasure 100, please click here