KUALA LUMPUR: Affin Islamic Bank Bhd has partnered with Great Eastern Takaful Bhd to introduce its Affin Vantage-i Series to provide the bank’s customers with comprehensive Takaful solutions.
In a joint statement on Friday, the Takaful plans aimed to provide the solutions via the bank’s extensive client base and distribution channels nationwide. Affin Islamic’s customers will gain access to Great Eastern Takaful’s family products.
The three types of Takaful plans are:
• Affin Vantage-i is a limited Pay Universal Takaful Plan that provides cash payment and maturity benefit with two contribution payment term options;
• Affin Vantage Legacy-i offers a lifelong coverage that increases till maturity at the age of 100 on the next birthday by paying contribution for five years;
• AFFIN Vantage Term-i offers a basic sum covered (BSC) starting from RM250,000.
“This collaboration which commenced in 2018 will also witness both companies exploring opportunities to collaborate on new Takaful solutions specially tailored to the bank’s customers,” it said.
Affin Islamic Bank CEO Nazlee Khalifah described the strategic alliance as part of its ongoing business strategy to boost its bancatakaful portfolio as one of its key business drivers.
“With the introduction of AFFIN Vantage-i Series, the existing and potential customers at 111 Affin Bank and Affin Islamic branches shall benefit from Great Eastern Takaful’s comprehensive takaful plans, which provides them with detailed protection and benefits,” he said.
Great Eastern Takaful CEO Shahrul Azlan said: “At Great Eastern Takaful, we are driven by our efficiency-focused culture and our ability to anticipate trends when planning our products for a varied and highly segmented demographic base.
“In addition, our operational agility leveraging on new age technology puts us at the forefront in ensuring adaptability and fast delivery.”
The Affin Vantage-i Series launch took place virtually on Friday at Menara Affin and Menara Great Eastern, Kuala Lumpur concurrently.