by NUR HAZIQAH A MALEK / pic by TMR FILE
AFFIN Islamic Bank Bhd, a wholly-owned subsidiary of Affin Bank Bhd has collaborated with Great Eastern Takaful Bhd to launch its latest product, a series of takaful plans targeted to its customers called the Affin Vantage-i Series.
Affin Islamic CEO Nazlee Khalifah (picture) said the strategic alliance is part of the bank’s ongoing business strategy to boost its Bancatakaful portfolio as one of its key business drivers.
“The collaboration with Great Eastern Takaful is in line with the bank’s business strategy, which is to focus on productive collaborations to reinforce our foundation within the banking industry.
“With the introduction of Affin Vantage-i Series, our existing and potential customers at 111 Affin Bank and Affin Islamic branches shall benefit from Great Eastern Takaful’s comprehensive takaful plans, which provide them with detailed protection and benefits,” he said in a statement recently.
He added that the strategic alliance will greatly benefit both parties and serve as a convenient platform for customers to fulfil their needs.
Great Eastern Takaful CEO Shahrul Azlan Shahriman said the company is driven by its efficiency-focused culture and ability to anticipate trends when planning the products for a varied and highly segmented demographic base.
“In addition, our operational agility leveraging on new-age technology puts us at the forefront in ensuring adaptability and fast delivery.
“The Affin Vantage-i series is truly a culmination of the best of our people and processes in delivering innovative plans given fast-changing customer needs and behaviour,” he said.
He added that the company’s strengths, coupled with Affin’s extensive distribution network and customer base, is a win-win proposition for this release and its continued partnership which first commenced in 2018.
The Affin Vantage-i series is a series of plans aimed to provide Affin Islamic’s customers with complete takaful solutions via the bank’s extensive client base and distribution channels.
The three types of the takaful plans are available under the series are titled Vantage-i, a limited pay Universal Takaful Plan which provides cash payment and maturity benefit with two contribution payment term options; the Vantage Legacy-i, which offers a lifelong coverage that increases till maturity at the age of 100 on the next birthday by paying contribution for five years; and the Vantage Term-i, which offers a basic sum covered starting from RM250,000.