6 days ago
- Business
- New Straits Times
Etiqa unveils 'pioneering' investment-linked takaful plan for Maybank customers
KUALA LUMPUR: Etiqa Family Takaful Bhd, an insurance and takaful player under Malayan Banking Bhd, has launched a pioneering syariah-compliant investment-linked takaful solution exclusively for Maybank customers.
The Dynamic Horizon takaful plan is projected to generate more than RM30 million in sales within the first 12 months.
Etiqa said Dynamic Horizon has been carefully curated to address the growing demand for values-based protection and wealth solutions across both Muslim and non-Muslim client segments.
For Muslim clients, it offers a rare and meaningful proposition, combining takaful benefits with hibah features, allowing for purposeful legacy planning while honouring faraid (Islamic inheritance law) obligations.
For non-Muslim clients, the takaful plan delivers the clarity, continuity and control typically sought in holistic protection solutions.
Available through Maybank branches nationwide as well as its Premier and Private Banking channels, the plan offers guaranteed acceptance for contributions up to RM2 million with no medical examination required - one of the most accessible offerings in the market.
Singaporeans and Bruneians residing or working in Malaysia are also eligible to subscribe to the plan.
Dynamic Horizon is a single contribution investment-linked product that integrates robust takaful protection with diverse syariah-compliant investment options.
With a strong focus on legacy planning, the plan features hibah benefits, flexible fund switching and coverage of up to 125 per cent of the single contribution.
This offers customers long-term protection and potential wealth growth in one holistic solution.
Etiqa Family Takaful chief executive officer Zafri Ab Halim said Dynamic Horizon reflects the firm's commitment to delivering syariah-compliant solutions that protect families and help them grow wealth responsibly.
"Etiqa believes that financial empowerment begins with access, trust, and innovation.
"By empowering customers to plan boldly and leave meaningful legacies, Dynamic Horizon aligns with Etiqa's corporate purpose of, "Making the World a Better Place" he added.
Maybank Islamic Bhd deputy CEO Nor Shahrizan Sulaiman said the takaful plan will redefine Malaysians' approach to wealth accumulation and protection, as well as further cement Maybank's position as a leader in Islamic wealth management.
"Today's clients are looking for solutions that reflect not just their financial goals, but their beliefs and values. Dynamic Horizon speaks to that need — enabling meaningful protection while preserving one's intent for future generations," he said.
