KUALA LUMPUR: CIMB Bank Bhd has launched its latest product, the CIMB Salary Account, with complimentary takaful coverage, aimed at strengthening financial protection for Malaysian employees.
The bank said the CIMB Salary Account comes with takaful protection of up to RM200,000, covering 36 critical illnesses, including cancer, heart attack, Alzheimer’s disease, stroke and kidney failure, as well as death and total and permanent disability.
"The takaful coverage is underwritten by Sun Life Malaysia Takaful Bhd,” it said.
CIMB said no health screening or health declaration is required, except for exclusions relating to pre-existing conditions.
However, to be eligible for takaful coverage, account holders must maintain a monthly average balance of at least RM2,500 to initiate protection and maintain that balance to remain protected.
Group Consumer Banking chief executive officer Mohd Haniz Mohd Nazlan said the new offering was designed not only as a savings platform but also as a financial facility that supports customers’ overall well-being.
"Aligned with CIMB’s purpose of Advancing Customers and Society, we believe that financial progress must be holistic and enjoyed by all segments of society. This product is designed to help customers not only manage their finances better, but also provide protection without any additional charge,” he said in his speech at the launch of the CIMB Salary Account, here, today.
Also present at the launch is Entrepreneur and Cooperatives Development Minister Steven Sim Chee Keong.
Mohd Haniz added that customers who open the account will also be automatically enrolled in the CIMB@Work programme, which offers additional privileges, including more competitive financing rates and access to various exclusive offers.
In conjunction with the launch, CIMB will extend a time-limited exclusive offer from May to July 2026 for eligible customers to effectively double the takaful coverage amount for critical illness for one year, subject to relevant terms and conditions.
To be eligible for the CIMB Salary Account, account holders must be between 18 and 69 years old and have their salary credited to the account. - Bernama
