MALAYSIAN Assurance Alliance Bhd (MAA Assurance) has unveiled a new personal accident scheme that guarantees policyholders a monthly income up to 20 years from the date of the accident and expects to rake in at least RM3mil in gross premium for the product by the year’s end.
The product – PA 500 – although not the first of its kind in the industry, is nevertheless a unique feature in the life insurance market as it offers a monthly payment in addition to the accidental death and permanent disability benefits.
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