The affordable plan offers Malaysians high coverage of up to RM2mil
MALAYSIA’S first takaful operator, Syarikat Takaful Malaysia Keluarga Berhad (Takaful Malaysia), recently launched Kaotim Legasi, an affordable Hibah takaful plan with high coverage of up to RM2mil.
The plan is offered through the Kaotim digital platform for as low as RM30 per month through a simple online enrolment process.
Kaotim Legasi is tailored to protect Malaysians from the unforeseen impacts of financial risks and unexpected events, sparing their loved ones from financial hardships.
Takaful Malaysia group chief executive officer Nor Azman Zainal said since the successful launch of their digital platform and brand, Kaotim and Kaotim MediKad plan in November last year, they have been delighted with the positive response.
“This success has paved the way for the introduction of Kaotim Legasi, the latest addition to our product offering under the Kaotim brand,” he said.
Kaotim Legasi is a Hibah (conditional gift) takaful plan that allows customers to nominate their loved ones to receive compensation if they pass away or are diagnosed with total and permanent disability.
“This plan is highly recommended to support your loved ones if something happens to you or to meet other financial needs, ensuring they are well-prepared in case of life’s uncertainties and for future savings,” said Nor Azman, adding that the plan is not subject to inheritance distribution.
“It serves as an income replacement if you are no longer fit to work due to disability or critical illness.
“Hence, Kaotim Legasi is the right choice to ensure your loved ones are not burdened during challenging times by using the plan’s compensation to settle debts and living expenses until they find alternative sources of income,” he added.
Nor Azman also explained that the benefit of the Hibah takaful plan can be used for a child’s education in the event of an unfortunate incident affecting their primary provider or breadwinner.
Additionally, customers can claim tax relief for life insurance and takaful if they subscribe to Kaotim Legasi.
“Our goal has always been to empower Malaysians with the protection solutions they need to achieve financial stability and resilience.
“Kaotim Legasi is a regular contribution Hibah takaful plan that offers the highest coverage via an online platform with optional additional coverage for 48 critical illnesses, which has differentiated this plan from other product offerings in the market.
“Hence, Kaotim Legasi is poised to be a game changer and provide our customers with the security and confidence they deserve,” said Nor Azman.
Customers can sign up for Kaotim Legasi online, anytime, anywhere, complete the transaction in just a few minutes and get covered within the day. The process provides customers with a seamless, efficient and convenient experience when subscribing.
“We aim to build a legacy of protection to stay competitive and dynamic in the insurance and takaful sphere as we continue striving to strengthen the Kaotim brand through a comprehensive and affordable suite of online protection plans,” said Nor Azman.
Takaful Malaysia was incorporated on Nov 29, 1984.
It is the pioneering takaful provider in Malaysia, offering Shariah-compliant insurance solutions designed to meet the diverse needs of individuals and businesses.
