PRESS RELEASE
For Immediate Publication

Bsn Takaful Sakinah To Help More Malaysians Get Basic Protection Coverage
A Protection Plan by Prudential BSN Takaful Berhad and Bank Simpanan Nasional

Kuala Lumpur, 7 May 2021 – Prudential BSN Takaful Berhad (PruBSN), Malaysia’s leading takaful operator, together with Bank Simpanan Nasional (BSN) today launched a new protection plan, BSN Takaful Sakinah.  Introduced as ‘The First Protection Plan’, PruBSN and BSN work hand in hand to provide affordable and accessible protection for more Malaysians to help them ease their financial burden in times of needs.

Speaking at the launch, PruBSN’s Chief Executive Officer, Encik Wan Saifulrizal Wan Ismail said that this protection plan will significantly increase the insurance and takaful penetration rates in Malaysia. “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 to alleviate financial difficulties of loved ones in the event of demise of the person covered. With this new protection plan jointly launched with BSN, we are on track with our mission to provide more Malaysians with affordable and accessible financial protection.”

BSN Takaful Sakinah is a yearly renewable plan with 12 months coverage and it’s a Shariah-compliant product that requires the participant to have a BSN account to sign-up. The plan offers protections for both natural and accidental deaths with Khairat benefits of up to RM3,500. This affordable plan which is simple and hassle-free requires no medical check-ups, and it is open to all those between the age of 19 and 50. There are 3 protection plan options with a yearly payment of either RM55, RM110 or RM165 which will be deducted from the participant’s bank account. Coverage claims for natural deaths can range from RM10,000 to RM30,000 whereas accidental deaths can be up to RM60,000. Individuals keen on subscribing to this protection plan can either visit the nearest BSN branch starting from 7 May 2021 or through self-enrolment process available on the BSN website, which will be announced at a later date.

“We at PruBSN are always innovating in providing services that make lives easier. In brief, this Shariah-compliant protection plan was launched to help Malaysians get the most out of life. With this first step protection plan made affordable and easy, we hope more individuals will take this opportunity to prepare themselves for unforeseen circumstances or situations,” said Wan Saifulrizal.

BSN’s Chief Executive, Encik Jay Khairil Jeremy Abdullah who was also at the launch said, “This new protection plan is very much in line with our vision of ensuring no Malaysian 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 B40 community to allow them to obtain takaful coverage at affordable contribution rates.” He also added that Bank Negara Malaysia (BNM) had introduced an initiative called ‘Perlindungan Tenang’ and BSN is aligned in supporting this initiative.

Find out more details about BSN Takaful Sakinah at
https://www.bsn.com.my/PersonalBanking/WealthManagement/bsn-takaful-sakinah