In a groundbreaking move, Allianz Life Insurance Malaysia and HSBC Bank Malaysia Berhad have unveiled “HSBC’s Universal AssuredTreasure,” a life insurance plan designed to bolster Malaysians’ financial security through robust savings growth and reliable income streams.
Bridging the Protection Gap
The collaboration between Allianz Life and HSBC Malaysia marks a significant step towards addressing the underinsurance issue in Malaysia. With premiums starting at a reasonable RM6,000 annually, the plan is not only accessible but also offers guaranteed cash payments and essential protection, ensuring peace of mind for customers and their families.
The plan’s launch is a testament to Allianz Life’s expertise in insurance and HSBC Malaysia’s extensive banking network. Together, they are set to empower more individuals to achieve their financial goals and secure their futures. This initiative is particularly noteworthy as it makes insurance more attainable for every Malaysian, thereby narrowing the nation’s protection gap.
A Plan for Everyone
HSBC’s Universal AssuredTreasure stands out with its no medical checkup or health declaration requirement, making it an inclusive option for many. The plan promises regular cash payouts, which can significantly support customers’ financial aspirations, whether it’s funding education, preparing for retirement, or simply ensuring a stable financial future.
Since 2012, HSBC Malaysia has been the exclusive bancassurance distributor for Allianz Life insurance products. This long-standing partnership has been instrumental in covering various needs, from protection and education to retirement, wealth, and legacy planning.
Looking Ahead
The introduction of HSBC’s Universal AssuredTreasure is a forward-thinking move that reflects the evolving needs of consumers in today’s dynamic financial landscape. It underscores the commitment of both Allianz Life and HSBC Malaysia to provide comprehensive financial solutions that are not only secure but also adaptable to the changing life circumstances of their customers.
By offering a product that combines savings growth with steady income and comprehensive financial security, Allianz Life and HSBC Malaysia are setting new standards in the life insurance market. This strategic alliance is poised to make a lasting impact on the financial well-being of Malaysians for years to come.
