RHB Banking Group has introduced two new wealth and protection solutions with the launch of RHB Wealth Advance and Takaful mySmart Income Enhanced.
Developed with Tokio Marine Life Insurance Malaysia and Syarikat Takaful Malaysia Keluarga, the products add conventional and Shariah-compliant options to RHB’s offerings.
Jeffrey Ng Eow Oo, Managing Director, Group Community Banking, RHB Banking Group said,
“Today’s customers are looking beyond returns. They seek solutions that enable them to grow, protect, and eventually transfer their wealth with confidence.
With RWA and MSIE, we continue to innovate and help them achieve these objectives while offering two distinct yet complementary pathways that cater to different financial priorities, risk appetites, and life stages.”
RHB Wealth Advance is a protection and investment plan that supports wealth accumulation and intergenerational wealth transfer.
It offers premium payment terms of three, five or eight years, with coverage up to age 128.
The plan also provides guaranteed acceptance up to age 75 without a health questionnaire, a 100 percent allocation rate for basic premiums from the first year, and access to a diversified range of investment funds.
It also includes protection benefits of up to 200 percent of total premiums paid, with additional benefits for accidental death.
Takaful mySmart Income Enhanced is a Shariah-compliant family takaful plan distributed through RHB Islamic Bank.
It offers guaranteed yearly income and financial protection in the event of death or total and permanent disability.
Contribution payment terms start from three years, while coverage extends up to 20 years.
The plan also includes periodic Cash Booster Benefits, maturity payouts based on accumulated savings and investment performance, and wealth distribution through Hibah Takaful.
Accidental death coverage can reach up to 500 percent of the sum covered.
Both plans are now available nationwide through RHB Bank branches.
Featured image: Edited by Fintech News Malaysia, based on image by RHB
