CIMB And Berjaya Sompo Introduce New Secure Home Insurance Plan

CIMB Bank has collaborated with Berjaya Sompo Insurance to offer Secure Home, an all-risk home insurance plan that covers household goods and personal belongings against loss and damage.

Risks covered under the Secure Home plan include fire, flood, lightning, theft, accidents, and more. Secure Home offers coverage ranging between RM15,000 to RM60,000, depending on which of the three available plans you choose from. Similarly, the annual premium for each of these plans range from RM130 to RM480.

You are not required to make a declaration of every item in your home when you sign up; upon a successful claim you will be covered up to the sum insured (and pre-determined limit per item) with no penalty for under-insurance.

CIMB group consumer banking CEO Samir Gupta shared that the bank is delighted to offer this first-of-its-kind all risks home insurance protection that will provide homeowners with peace of mind and convenience. Meanwhile, Berjaya Sompo Insurance CEO Tan Sek Kee said that Secure Home’s launch is aimed at providing customers with a hassle-free way to purchase or renew their insurance digitally.

Secure Home is distributed by CIMB Bank and underwritten by Berjaya Sompo and is available exclusively through all CIMB Bank branches and digital channels. You can find out more about Secure Home on the CIMB website.

(Source: The Sun Daily, The Edge Markets)

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