Allianz Malaysia Adds Three More Rahmah Insurance Products
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Insurer Allianz Malaysia has expanded its Rahmah Insurance offerings with the introduction of another three new products. These include the Car & Motor Comprehensive Cover, as well as the Car & Motor Third Party, Fire & Theft (TPFT) Cover – both of which come with additional perks under the Private Car Rahmah Package – in addition to the Allianz Kasih4All term-life insurance.

To begin, those who purchase the Allianz Car & Motor Comprehensive Cover and the Allianz Car & Motor TPFT Cover will be entitled to the following benefits:

Allianz Car & Motor Comprehensive CoverAllianz Car & Motor Third Party, Fire & Theft (TPFT) Cover
Compensation for losses or damages to your vehicle– Accident
– Fire
– Theft
– Fire
– Theft
Coverage for third party death and bodily injuriesYesYes
Coverage for third party property losses or damagesYesYes
Allianz Road Ranger support for roadside assistance needs (24/7)YesNo
Extra Rahmah benefits (via Private Car Rahmah Package)– Death and permanent disablement benefit of up to RM5,000
– Hospital income of up to RM3,000 (RM50 per day x 60 days)
– Flood coverage with one-time payout of up to RM3,000  

(Only for cars with an engine capacity of 1,500cc and below, with a sum insured of RM30,000 and below)
– Death and permanent disablement benefit of up to RM5,000
– Hospital income of up to RM3,000 (RM50 per day x 60 days)
– Flood coverage with one-time payout of up to RM3,000  

(Automatically offered to all policyholders)

Meanwhile, the Allianz Kasih4All insurance is a term-life insurance plan that can be renewed on a yearly basis, offering up to RM30,000 coverage for death due to accidental or non-accidental causes. To provide an easier enrolment process, you are not required to answer any health questions or go through medical examinations at the time of enrolment. Interested individuals will be able to choose from two plans – Plan 1 and Plan 2 – with the benefits specified below:  

Plan 1Plan 2
Death benefit due to non-accidental causesRM10,000RM20,000
Death benefit due to accidental causesRM15,000RM30,000

As for the premium that needs to be paid, it will range from RM35 to RM750, depending on the plan that you opt for and your age. Here’s the full list of annual premiums for the Allianz Kasih4All insurance:

Age rangePlan 1Plan 2
16 – 40 years oldRM35RM55
41 – 50 years oldRM70RM130
51 – 60 years oldRM150RM280
61 – 70 years oldRM380RM750

Chief executive officer Sean Wang said that in rolling out these new insurance offerings, Allianz malaysia has become the first insurer in the industry to introduce a Rahmah life insurance product.  “Allianz Kasih4All is a new life insurance product which captures the essence of Rahmah Insurance. We firmly believe that every Malaysian, regardless of their income level, deserves to lead a dignified life and have the assurance that they will leave a legacy for their loved ones,” he said.

With the rollout of these three new insurance offerings, Allianz Malaysia now has a total of five Rahmah insurance plans under its belt. Back in June 2023, it had worked hand in hand with the Domestic Trade and Cost of Living Ministry (KPDN) to launch the Allianz4All MyProtection personal accident (PA) insurance and the MotorcyclePlus insurance.

(Sources: Allianz Malaysia, New Straits Times)

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