PruBSN Rolls Out New Affordable Protection Plan, BSN Takaful Sakinah

Alex Cheong Pui Yin

11th May 2021 - 3 min read

Prudential BSN Takaful Bhd (PruBSN) has launched BSN Takaful Sakinah, a new affordable and accessible protection plan that is aimed at helping Malaysians ease their financial burden in times of need. Branded as “The First Protection Plan”, the plan offers death benefits of up to RM30,000 (natural) and RM60,000 (accident), along with khairat benefits of up to RM3,500.

BSN Takaful Sakinah is a shariah-compliant yearly renewable protection plan, with coverage for 12 months. Specifically, it offers three options with premiums starting from as low as RM55 per year, as shown below:

Benefits	Coverage period	Plans
Benefits	Coverage period	Plan 1 (Premium: RM55/year)	Plan 2 (Premium: RM110/year)	Plan 3 (Premium: RM165/year)
Natural death benefit	Month 1 – 4	N/A
Natural death benefit	5^th month onwards	RM10,000	RM20,000	RM30,000
Accidental death benefit	Month 1 – 12	RM20,000	RM40,000	RM60,000
Khairat benefit	Month 1 – 12	RM1,500	RM2,500	RM3,500

Note that on top of the premium, policyholders will also be subjected to an additional wakalah charge and tabarru payment, so make sure to check these amounts beforehand.

BSN Takaful Sakinah is open to those who are aged between 19 to 50 years old, and does not require applicants to go through initial health checks to apply. If you’re interested, you can register for the plan either by visiting your nearest Bank Simpanan Nasional (BSN) branch or by enrolling online via the BSN website (to be launched at a later date).

Chief executive officer of PruBSN, Wan Saifulrizal Wan Ismail said that he expects the launch of BSN Takaful Sakinah to help increase Malaysia’s insurance and takaful penetration rates significantly.

(Image: The Malaysian Reserve/Muhd Amin Naharul)

“It is crucial for individuals to have a life protection plan that keeps them secure in case of unforeseen incidents. The BSN Takaful Sakinah is introduced as ‘The First Protection Plan’, designed to help the community alleviate financial difficulties of loved ones in the event of demise of the person covered,” said Saifulrizal, adding that the plan is also in support of the Perlindungan Tenang initiative by Bank Negara Malaysia (BNM).

Meanwhile, the chief executive officer of BSN, Jay Khairil Jeremy Abdullah commented that the launch of BSN Takaful Sakinah is in line with the bank’s vision of ensuring that no Malaysians are left behind. “It has been a priority of ours to give all Malaysians the opportunity to enjoy a better life through an extensive network and various services. This plan is mainly targeted at more participation from the bottom 40% community to allow them to obtain takaful coverage at affordable contribution rates,” he said.

To find out more about the BSN Takaful Sakinah plan, head on over to the PruBSN website.

(Sources: PruBSN, The Malaysian Reserve)

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Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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