KUALA LUMPUR, Nov 22 (Bernama) — FWD Takaful Berhad (“FWD Takaful”) and AEON Insurance Brokers (M) Sdn. Bhd. (“AIBM”) have partnered to offer a complimentary term takaful plan (“Plan”) via AIBM’s participating motorcycle merchants, aimed at addressing the low protection rates amongst motorcyclists in Malaysia. This collaboration is set to revolutionise the way motorcyclists experience safety and protection on the open road.
Motorcycles, as a mode of transportation, are essential to support the livelihood and lifestyle of Malaysians and due to their affordability, make up 46.6% of all registered vehicles in the nation. In 2022, the number of total registered motorcycle sales reached an estimate of 720,000 units, representing an almost 40% increase from the estimated number of 500,000 units sold in 2021. In view of this, FWD Takaful and AIBM set out to play a more proactive role in protecting motorcyclists and their families. The Plan provides comprehensive coverage in the event of the death of the motorcycle owner, due to natural causes or accidental death, where the sum covered is RM8,000 or RM20,000, respectively. This innovative Plan is offered as part of a complimentary and value-added service to motorcyclists who purchase their vehicle through any of AIBM’s participating motorcycle merchants. In the event of an unfortunate occurrence, the pay-out from the Plan may offer temporary financial relief to the remaining family members, hence reducing the potential financial strain that may occur as a result of their passing. By offering this Plan as part of their motor purchase journey, we also provide an easy onboarding experience that allows our customers to be covered automatically without undergoing a medical check-up as well as a straightforward claims process.
