RHB launches two new wealth and protection financial products in Malaysia
RHB Banking Group has rolled out two new financial products aimed at wealth growth and protection. The plans, named RHB Wealth Advance and Takaful mySmart Income Enhanced, are now accessible at branches across Malaysia. Both were created in partnership with leading insurers to meet different customer needs.
RHB Wealth Advance combines investment and protection features. It guarantees a 100% allocation rate for basic premiums from the first year, allowing immediate access to diversified funds. Policyholders can choose payment terms of 3, 5, or 8 years, with coverage lasting until age 128. The plan also includes protection benefits of up to 200% of total premiums paid, plus extra payouts for accidental death. Acceptance is guaranteed up to age 75 without medical checks.
The second product, Takaful mySmart Income Enhanced, is a Shariah-compliant family plan. Distributed through RHB Islamic Bank, it provides guaranteed yearly income for up to 20 years alongside financial protection. Both solutions were developed with Tokio Marine Life Insurance Malaysia and Syarikat Takaful Malaysia Keluarga.
The two plans are now available at RHB Bank branches nationwide. RHB Wealth Advance focuses on wealth accumulation and intergenerational transfer, while Takaful mySmart Income Enhanced offers long-term income security. Customers can select the option that best fits their financial goals and protection needs.
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