Tokio Marine Life Insurance Malaysia Bhd (Tokio Marine Life) launched TokioMarine-StarterPack, a life insurance plan which provides death coverage up to RM50,000. 

With premium rate less than RM0.50 per day, the insurance plan provides a lump sum payment in the event of death of the life assured. TokioMarine-StarterPack is a good solution to provide financial aid to the family, to meet immediate and ongoing living expenses.

“Tokio Marine – StarterPack is a basic protection plan against key risks to everyone. Without the need to go through medical underwriting, we want to provide our customers, especially the growing middle income group and their loved ones, with essential coverage at an affordable premium rate and with a  hassle free enrolment experience” said Mr Toi See Jong, CEO of Tokio Marine Life. 

This affordable insurance plan is launched in conjunction with the introduction of “Perlindungan Tenang” coverage scheme initiated by Bank Negara Malaysia (BNM). 

“We fully support BNM in its efforts to prepare Malaysians for financial difficulty by introducing this affordable life insurance plan,” added Mr Toi.

According to BNM statistics, only 1 out of 10 Malaysians are insured by life insurance. BNM is partnering with selected life insurance companies to roll out “Perlindungan Tenang” coverage that aims to provide protection to 8 million working-age Malaysians and over 70,000 micro enterprises. 

Malaysians aged 18 to 55 are now eligible to apply for the TokioMarine-StarterPack with no medical check-up required. 

Twitter