PETALING JAYA: RHB Bank
Bhd has entered into 20-year exclusive bancassurance and bancatakaful agreements with Tokio Marine Life Insurance Malaysia Bhd and Takaful Malaysia, in deals worth up to RM1.62bil.
Under the arrangement, RHB Bank will exclusively distribute conventional life insurance products from Tokio Marine Life, while its wholly owned subsidiary RHB Islamic Bank Bhd will handle the distribution of family and general takaful products developed by Syarikat Takaful Malaysia Keluarga Bhd (STMKB) and its subsidiary, Syarikat Takaful Malaysia Am Bhd.
