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Zurich Life Insurance Introduces Hassle-free Endowment Plan
Last update: 27/02/2018

KUALA LUMPUR, Feb 27 (Bernama) -- Zurich Life Insurance Malaysia Bhd†has launched†Zurich Favour8 Guaranteed Acceptance, an endowment plan†that†offers customers a hassle-free short-term investment commitment to increase the value of their savings.

In a statement today, General Manager Mukesh†Dhawan said the unique 'guaranteed acceptance' feature†would enable clients to be insured up to RM500,000 without having to provide any medical background information or undergo any health check-ups.

He said the company†was aware of their clients' needs, and thus†made it easier for them to apply for the†Zurich Favour8 Guaranteed Acceptance plan,†allowing them to obtain a savings and protection plan regardless of their health condition.

"Since†financial stability is†one of the main concerns among Malaysians today, the Zurich Favour8 Guaranteed Acceptance plan was created†to help customers†increase the value of their savings, allowing them to realise†their financial aspirations whether its for retirement, education or vacation purposes," he said.

He added that the plan would give them†the opportunity to enjoy cash-back payments, collect benefits upon its maturity and potentially reinvest the gains from their investments to generate more savings, whether for retirement or to fulfill their financial needs.



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US 3.9120/9150
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100 Yen 3.7028/7074
Sterling 5.5312/5370
Euro 4.8243/8299
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?

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