Allianz and HSBC launch new life insurance plan

The plan comes with a premium starting from RM6,000.

Allianz Life Insurance Malaysia and HSBC Bank Malaysia Berhad (HSBC Malaysia) together launched a new life insurance plan “HSBC’s Universal AssuredTreasure” to aid Malaysians in their financial planning through savings growth, steady income streams, and comprehensive financial security.

The plan comes with a premium starting from $1,271 (RM6,000) annually and offers guaranteed cash payments and essential protection for customers and their loved ones.

“By combining Allianz Life’s expertise in insurance with HSBC Malaysia’s extensive banking network, we are empowering more individuals to achieve their financial goals and protect their futures, indirectly making insurance accessible for every Malaysian and lowering the protection gap in the country.” Allianz Life CEO, Charles Ong, said in a joint statement.

HSBC’s Universal AssuredTreasure plan requires no medical checkup or health declaration and offers regular cash payouts to support customers' financial goals. 

Since 2012, HSBC Malaysia has been the exclusive bancassurance distributor for Allianz Life insurance products, covering protection, education, retirement, wealth, and legacy needs.

($1.00 = RM4.72)