Prudential BSN Takaful introduces new takaful solution to help Malaysians meet their aspirations Providing life coverage and increasing annual cash payout to address growing financial concerns of Malaysians.

Nor Azman Zainal, Ketua Pegawai Eksekutif/Chief Executive Officer, Prudential BSN Takaful Berhad Datuk Abdul Al Halim Mohd Al Fadzil, Pengasas Kosmetik Alha Alfa/Founder Alha Alfa Cosmetics Mohamad Azlan Al Amin, Usahawan Hartanah/Real Property Enterpreneur

Kuala Lumpur, 29 November 2019 – Prudential BSN Takaful (PruBSN) has launched PruBSN Aspirasi, a family takaful savings plan that combines savings, life protection and investment growth opportunity to meet customers’ financial goals and aspirations. Studies1 have shown that Malaysians today are facing financial risk due to their low levels of savings. The majority of working-age adults across the nation lack savings to cover their emergency needs, what more fulfil their medium to longer-term goals such as paying their children’s education and accumulating funds for retirement. Nor Azman Zainal, Chief Executive Officer of PruBSN said “PruBSN Aspirasi is designed in response to findings2 from recent surveys that highlight Malaysians’ lack of financial readiness to secure their future needs. PruBSN Aspirasi provides our customers with a steady stream of income as well as to grow their funds for the long run; whether it is to supplement their retirement nest egg, pay for their child’s education or fulfill their other life aspirations.” PruBSN Aspirasi provides a cash payout from the end of second certificate year and annually thereafter, and which increases from the 11th and 21st certificate year until maturity. Upon maturity of their certificate, customers will receive an additional payout and enjoy potential upside returns on their investments from PruBSN’s range of local and global shariah approved investment funds. Customers may choose to transfer the cash payout directly to their preferred savings account or continue accumulating their cash payout with the company’s range of funds until maturity for a more enduring reward.

The plan also provides basic life coverage which indemnifies customers in the event of a loss of life or total and permanent disability (TPD), and twice the basic sum covered for death or TPD due to accidental causes. Further death benefit of RM3,000 will help ease the family’s burden to pay for funeral expenses. Built with flexibility in mind, subscribers can choose their coverage term of 15, 20, 25 or 30 years, and contribution payment term of 5, 10, or 20 years. PruBSN Aspirasi also offers guaranteed acceptance (subject to terms and conditions), which means no medical underwriting is required, to ease the process of signing up of the plan. For a more resilient protection plan, customers can attach a wide selection of riders available to their basic plan. “We understand that everyone’s financial goals serve very distinct purposes and we want to empower our customers to decide how they want to achieve their aspirations. With PruBSN Aspirasi, customers have the autonomy in deciding how long they wish to pay for their contribution and when they would like to receive their certificate maturity payout,” said PruBSN’s Chief Marketing Officer, Wan Saifulrizal Wan Ismail. “Forward financial planning and regular savings can have a great impact on your long-term success and security. If you are not sure how to begin, seek out advice from our takaful consultant to improve your understanding