Malaysia’s first digital Islamic bank, AEON Bank, launched its digital banking services last year and today they have added another offering through their app. They shared that now AEON Bank app users can buy Sharia-compliant Zurich Takaful protection directly from the app.
Using the AEON Bank app, users can choose from two takaful plans from Zurich, namely ‘Personal Accident Takaful’ and ‘Term Takaful’. The ‘Personal Accident Takaful’ protection plan can be paid for at a rate of RM 5 a month which provides protection in the event of total permanent disability or death due to an accident. The ‘Term Takaful’ plan can be paid for at a rate of RM 18 a month, and provides more comprehensive protection covering death or permanent disability from all causes, including funeral expenses and hospital benefits. Both plans are offered with a choice of a coverage amount of RM 50,000 or RM 80,000. For a limited time, they are offering a ‘Personal Accident Takaful’ plan with no payment for the first 6 months, followed by payments as low as RM 5 per month.
With Zurich Takaful offering through the AEON Bank banking app, this is sure to add to AEON Bank’s product offering portfolio, and make it easier for users to find syariah-compliant financial products and services. Last May, they also launched the AEON Bank-i Debit card, Savings Pot function, and also personal financing directly from the app.
