What are the Bancassurance products and its features?
Teras Malaysia
- Teras Malaysia is a life insurance product and a term insurance protection plan with refund of premiums. Teras Malaysia is a very popular product that was developed by National Insurance Association of Malaysia (NIAM). It is the national insurance programme specially designed to meet the needs of Malaysians who require complete yet affordable life coverage for family security.
MBSB Education Insurance
- This product is an education insurance plan to encourage savings for further education purposes.
MBSB Personal Protection Insurance
- Personal protection plan covers financial protection in the event of accidents. The coverage extends to minor accidents and major mishaps that require medical attention. It also covers death and permanent disablement as a result of an accident.
MBSB Home Contents
- The above-mentioned product has been specially created to provide an affordable and wide ranging insurance policy protection both the home and its contents.
Who are MBSB's Strategic Partner in launching these products?
MBSB has collaborated with MNI Insurance to provide conventional Bancassurance products and Islamic products are provided by Takaful Ikhlas.
Why were MNI & Takaful Ikhlas been appointed as the Strategic Partner?
MNI is a subsidiary of PNB and has been long established in the insurance business with good track record with extensive product range from 32 Life insurance to 77 General insurance products.
They have the capability to support MBSB in Bancassurance related products and services and will provide ongoing training for MBSB's marketing staff.
Takaful Ikhlas Sdn Bhd (TISB) is a subsidiary of Malaysia National Reinsurance Berhad which is owned by Amanah Raya Nominee Sdn Bhd and Permodalan Nasional Berhad (PNB). They have been supporting MBSB ever since our introduction of Islamic Financing products and have strong support in term of customer service to MBSB.
Takaful Ikhlas will be able to deliver quality products to the customers because it is supported by competent and highly-trained staff guided by high ethical values.
TISB will be able to provide additional training programmed to gear up MBSB's marketing staff i.e. selling and marketing skills, product knowledge and course for Pre-Contract Examination.
Products
Motor Takaful
At MBSB, we understand your needs. That is why in most cases, we do not impose
loadings nor apply deductibles. In the event of an accident, we assure you of a speedy approval
on repair claims with our customer-friendly claims process. All pricing will be based on original
parts. You can count on our 24-hour road assistance service for assistance in case of emergency.
We have built a reputation for fair and prompt claims setllement.
Personal Accident
Provides comprehensive protection plan or participants in the event of death
or bodily injury due to an accident.
Mortgage Reducing Term Takaful
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- Single Contribution
- Death & Total and permanent Disablement Coverage on Reducing Balance
- Share Investment Experience
- Liberal Minimum Underwriting Requirements
- Free Paramedical Service
- Free Pre TPD Benefit
- Free Funeral Expenses
- Competitively Priced Contribution
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Mortgage Reducing Term Takaful
Rest assured of comprehensive protection for your house (including the contents).
Rest assured you will have piece of mind as your assets are securely covered
