New Life insurance Plan “HSBC’s Universal AssuredTreasure” Launched in Malaysia by Allianz Life and HSBC Bank
Allianz Life insurance Malaysia and HSBC Bank Malaysia Berhad (HSBC Malaysia) have joined forces to introduce a new Life insurance plan called “HSBC’s Universal AssuredTreasure.” This plan aims to assist Malaysians in their financial planning by offering savings growth, steady income streams, and comprehensive financial security.
The plan, which comes with a premium starting from RM6,000 annually, provides guaranteed cash payments and essential protection for customers and their loved ones. This collaboration between Allianz Life and HSBC Malaysia is set to make insurance more accessible to every Malaysian and help bridge the protection gap in the country.
Charles Ong, CEO of Allianz Life, expressed his excitement about the partnership, stating, “By combining Allianz Life’s expertise in insurance with HSBC Malaysia’s extensive banking network, we are empowering more individuals to achieve their financial goals and protect their futures.”
One of the key features of the HSBC’s Universal AssuredTreasure plan is that it requires no medical checkup or health declaration. Additionally, the plan offers regular cash payouts to support customers’ financial goals, providing them with peace of mind and financial stability.
Since 2012, HSBC Malaysia has been the exclusive bancassurance distributor for Allianz Life insurance products, covering a wide range of needs including protection, education, retirement, wealth, and legacy planning. This long-standing partnership has enabled both companies to reach a larger customer base and provide tailored insurance solutions to meet the diverse needs of Malaysians.
The launch of the HSBC’s Universal AssuredTreasure plan comes at a time when financial security and protection are at the forefront of people’s minds. With the ongoing economic uncertainties and challenges brought about by the global pandemic, having a comprehensive insurance plan in place has become more important than ever.
The collaboration between Allianz Life and HSBC Malaysia signifies a commitment to helping Malaysians secure their financial future and protect their loved ones. By offering a range of benefits and features, the HSBC’s Universal AssuredTreasure plan aims to provide customers with the peace of mind they need to navigate through life’s uncertainties.
In conclusion, the introduction of the HSBC’s Universal AssuredTreasure plan is a significant step towards promoting financial literacy and security among Malaysians. With its affordable premium and comprehensive coverage, this plan is set to make a positive impact on the lives of many individuals and families in Malaysia.