CIMB Islamic Bank on Tuesday launched Takaful Suria, its first universal family takaful haj product that combines elements of savings, protection and financial stability to assist Muslims in fulfilling their religious aspirations and obligations.
Developed exclusively by its bancatakaful partner, Sun Life Malaysia Takaful Bhd, the product provides an insured individual a lump sum of RM1,500 special payout after the third year to set up a Tabung Haji account or top up existing savings.
Sun Life chief executive officer Muhammad Fikri Mohamad Rawi said the product had a stabiliser that would give gradual returns unlike conventional insurance that was more exposed to market volatility.
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Developed exclusively by its bancatakaful partner, Sun Life Malaysia Takaful Bhd, the product provides an insured individual a lump sum of RM1,500 special payout after the third year to set up a Tabung Haji account or top up existing savings.
Sun Life chief executive officer Muhammad Fikri Mohamad Rawi said the product had a stabiliser that would give gradual returns unlike conventional insurance that was more exposed to market volatility.
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