By KINIBIZ
With the increase in cost of living, the implementation of the goods and services tax, and the fall in the ringgit, the need for both insurance and wealth creation solutions is greater than ever. MCIS Insurance Bhd (MCIS) together with South Africa’s Sanlam Group presents their latest entry into investment-linked insurance product called the MCIS PRemier FlexiInvest (PFI) at launch in Kuala Lumpur today.
The product was launched by Sanlam Group’s CEO of Sanlam Emerging Market, Mr Heinie Werth. Also present at the launch was MCIS Chairman Mohamed Al Amin and CEO Kevin James.
“The launch of PFI is significant to us because it is a tangible expression of the value of our partnership with MCIS Insurance is adding to the Malaysian market and to MCIS Insurance customers,” said Werth during the launch.
PFI is an investment-linked life insurance product which offers 2-in-1 protection and savings in one plan. The product is targeted at young working professionals and professionals seeking both protection and wealth creation. It seeks to help customers build a solid financial safety net as they experience lifestyle changes journeying through different life stages.
With a minimum premium of only RM200 a month, PFI offers a 5 Years Guaranteed Coverage preventing a policy from lapsing even if the policy’s account value is insufficient. This guarantee starts at the inception of the policy until the 5th policy year. Beginning from the 2nd policy year, customers are rewarded with anniversary bonuses with adds to the cash value from the policy’s investment fund.
On top of the life insurance coverage, PFI allows for customers the flexibility to enhance their policy with a series of add-on riders covering medical and hospital benefits, critical illnesses and other protection plans.
In terms of investment funds, PFI offers four funds which customers may choose to invest in. The four funds called the Balanced Fund, Equity Fund, Jati Fund and Divident Fund caters to each customer’s risk tolerance level. As an added benefit, customers can switch between funds without incurring any fund switching fees.
In all, PFI offers benefits, flexibility, protection and assurance needed for a customer to shape and secure their financial future.
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