The esteemed Minister of Domestic Trade and Cost of Living (KPDN), Datuk Seri Salahuddin Ayub, has ushered in a new era of affordable insurance and takaful packages. Offered under the Rahmah Initiative and facilitated by the notable Allianz General Insurance Bhd, Etiqa General Insurance Bhd, and Etiqa General Takaful Bhd, these packages signal a promising development for the Malaysian population.
The Rahmah Insurance Package is a game-changer, offering coverage for personal mishaps up to RM50,000. This comprehensive package includes benefits such as medical expense reimbursements at government healthcare facilities and emergency assistance during flood evacuations up to RM750, dependent on the selected plan.
Moreover, Allianz has stepped up with an additional MotorcyclePlus offer, ensuring an extra coverage of RM10,000 for both riders and passengers. This includes a hospital allowance, policy-based on the registered motorcycle engine capacity, and special perils coverage, all without any hidden costs.
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The gig economy workers using motorcycles, such as FoodPanda and Grab employees, are encouraged to benefit from this protection. Etiqa is also contributing its own Rahmah Insurance Package and a Rahmah Takaful Package. With a minimal fee of RM5 monthly or RM36 annually, policyholders can secure compensation for disability or death due to accidents or illnesses up to RM80,000.
Open to Malaysians aged between 16 and 65, these policies can be renewed until the policyholder reaches 70. As the KPDN hopes, these packages will enable more Malaysians, especially those in the B40 demographic, to possess their own insurance or takaful coverage.
Earlier this year, the Payung Rahmah initiative was launched as a short-term strategy to alleviate the burden of inflation for those in the B40 income bracket. Following its successful implementation, the initiative has expanded to encompass other sectors, providing various benefits including discounted meals and services.
This article is based on information obtained from Malay Mail.
