Category: News & Events

Syarikat Takaful Malaysia Keluarga Berhad (“Takaful Malaysia”), the FIRST takaful operator in Malaysia, recently lunhed a Corporate Social Responsibility (“CSR”) initiative in collaboration with the Ministry of Education (“MoE”). This initiative, known as the “Di Hatiku Student Food Aid Program”, aims to provide daily nutritious meals to 1,000 Asnaf students in ten (10) primary schools around Kuala Lumpur and Selangor. The CSR program aligns with Takaful Malaysia’s sustainability agenda, focusing on nation-building and improving the health, physical condition, and nutrition of underprivileged students.

Nor Azman Zainal, Group Chief Executive Officer of Takaful Malaysia, stated, “We initiated the food aid program to fulfil our responsibility as an Islamic financial institution in distributing Zakat to eligible Asnaf (tithe) recipients. We aim to create sustainable value in the local community by providing daily nutritious meals and improving the nutrition intake of underprivileged students. Our responsibility and commitment are to assist the Government in addressing malnutrition by empowering these children with healthy meals. This is also in line with the spirit of takaful, which emphasizes helping one another, especially those in need.”

Takaful Malaysia’s Di Hatiku Student Food Aid Program was launched in July 2023. Through this program, Takaful Malaysia supplies daily set meals to eligible Asnaf students from low-income families at their respective schools. The program is scheduled to run until February 2024, covering the school academic year 2023/2024.

“Our goal is to play our part and be responsible corporate citizens by providing nutritious food to empower the younger generation. Recognizing the importance of Asnaf students from low-income families having access to balanced meals at school, we decided to initiate this effort and extend a helping hand. Consequently, we are collaborating closely with the MoE, selected school administrators, and canteen operators to manage and implement the food aid program effectively,” said Zainal.

Each selected Asnaf student receives a complete lunchbox set, and the daily menu is based on the food pyramid for children, including vegetables, fruits, and protein sources to meet the needs of the Asnaf students. Additionally, water bottles are also provided to encourage students to stay hydrated.

“The Di Hatiku Student Food Aid Program aligns with the Sustainable Development Goals, aiming to eradicate malnutrition and ensure regular access to nutritious and sufficient food, particularly for Asnaf and underprivileged children, to support their normal growth and development and promoting a healthy life. Seeing the children’s smiles as they enjoy their meals is the most rewarding aspect of this program. We are delighted that the food aid program has received a positive and overwhelming response and hope it will continue to benefit the Asnaf students,” Zainal concluded.

In a resounding commitment to enhancing the financial well-being of the public, the Financial Planning Association of Malaysia (FPAM) once again orchestrated a powerful event that brought industry experts, financial planners, and enthusiasts together under one roof to share knowledge and expertise. The annual flagship event, the FPAM Annual Signature Financial Symposium 2023, combined knowledge-sharing, strategic insights, and a dynamic platform for networking.

The event was distinguished by the esteemed presence of Datuk Seri Dr Awang Adek Hussin, Chairman of the Securities Commission Malaysia (SC). His attendance underscored the pivotal role that regulatory bodies like the SC play in shaping the financial landscape, ensuring its integrity, and safeguarding the interests of investors and consumers alike.

“In recent years, the financial planning industry has undergone a remarkable expansion, assuming an increasingly central role in bolstering the financial well-being of numerous Malaysians,” affirmed Datuk Seri Dr Awang Adek. “Between 2015 and 2022, the number of financial planning firms experienced a robust 42% surge, ascending from 31 to 44 firms by the close of 2022. Concurrently, the count of licensed representatives witnessed a remarkable 145% upswing during the same period, culminating at 1,455 as of the end of 2022.”

According to Jawahar Ali Ameer Ali, the General Manager overseeing consumer and investor affairs at The Securities Commission Malaysia (SC) during his session entitled “Scams & Client Protection”, SC has witnessed a sharp surge in reports and inquiries regarding illicit operations and fraudulent activities since the onset of the Covid-19 pandemic in 2020.

In 2020, the commission received 1,799 complaints. This number escalated to 3,475 complaints in 2021, followed by 2,461 complaints in 2022. As of the first half of the current year (1H 2023), the tally of complaints stands at approximately 1,670—roughly 60% of the total complaints recorded in 2022.

Jawahar Ali highlighted the predominant nature of the grievances. Many of these complaints were linked to illicit schemes propagated through social media channels, where these scams’ perpetrators often exploit sponsored advertisements on platforms like Facebook, craft counterfeit websites, and establish public Telegram groups to promote fraudulent investment packages. These offerings are frequently accompanied by fabricated testimonials and certificates falsely attributed to reputable institutions.

He further underscored the fraudulent nature of such social media-based investment schemes, urging investors to exercise caution if prompted to deposit funds into personal bank accounts. He noted that significant losses, amounting to tens of millions, have been incurred by investors falling prey to these scams, highlighting that most of these scams were most rampant after the Movement Control Order (MCO) that hindered movement amongst the public due to Covid-19.

“Never transfer money (for investment) to an individual account. If you are asked to transfer money to a personal bank account or to a bogus company bank account, these are normally mule accounts and you are probably being scammed”, he cautioned the audience.

To counteract this alarming trend, Jawahar Ali outlined the various measures and initiatives the SC has undertaken to alert the public. In the first half of 2023 alone, the commission executed two enforcement actions, issued 170 alerts, blocked 95 websites, disabled six Instagram accounts, suspended 74 Telegram accounts, and intervened in 58 cases involving Facebook.

Meanwhile, Alvin Tan Chin Cherng, President of FPAM, highlighted the essential role of the symposium titled “Financial Planning Evolution”, during his opening address. He regarded the event as a pivotal platform for industry professionals to navigate the intricate landscape of today’s financial world, immersing in an extensive spectrum of financial topics, including combating scams and safeguarding clients, adapting to digitalization and risk management, exploring digital assets, promoting sustainability, and comprehending the emerging global order.

“To encourage clients to seek the guidance of financial planners, FPAM is advocating for the inclusion of a tax relief of RM1,000 for financial planning fees in the 2024 budget,” Tan added.

Additional speakers at the event included Mr. Donald Soo, Group CEO & Founder of KoiZai, Mr. Liew Ooi Han, CEO of Halogen Capital Sdn Bhd, and Mr. Stephen Yong, CFP, Director of Wealth Vantage Advisory and Founder of My.PF.my.

A key highlight of the event was the Panel Session titled ‘The Emerging New World Order,’ moderated by Mohd Sedek Jantan – Head of Wealth Research & Advisory at UOB Kay Hian Securities (M) Sdn Bhd. The panel featured insightful discussions from esteemed experts, including Prof. Dato’ Dr. Rajah Rasiah – Distinguished Professor of Economics at Asia Europe Institute Universiti Malaya, Dr. Ray Choy – Chief Economist at Malaysia Rating Corporation (MARC), Ms. Adelene Teo – Economic Advisor at the British High Commission, Ms. Nadia Jalil – Regional Head and Group Economic & Market Analysis at CIMB Bank Berhad, as well as Mr. Jerry Lee Chee Yeong – Portfolio Manager at iFAST Capital Sdn Bhd.

A momentous event was marked by the esteemed presence of PT Ihsan Group Chairman, Datuk Sri Mahmud Abu Bekir Taib, accompanied by PT Ihsan Deputy Group Chairman, Datuk Sri Dr Chew Han Ching, and key board members. The signing ceremony between PT Ihsan Digital Nusantara and PT Industri Telekomunikasi Indonesia (PERSERO) (PT INTI) unveiled an extraordinary collaboration, launching the iMas digital gold platform on the INTI Cloud. This monumental step was taken during the introductory session of the iMas Application, symbolizing a remarkable partnership that is poised to redefine industry standards.

The partnership between PT Ihsan Group and PT INTI, led by Direktur Utama (President Director) Edi Witjara, represents a fusion of visionary leadership and innovative technology. The presence of industry stalwarts, including Datuk Sri Mahmud Abu Bekir Taib and Datuk Sri Dr Chew Han Ching, underscores the commitment to excellence and forward-thinking strategies embraced by both organizations. This collaboration not only aims to set new benchmarks but also reaffirms the potency of collaboration in nurturing groundbreaking solutions.

“We stand at the cusp of a transformative journey. The collaboration between PT Ihsan Group and PT INTI is a testament to our shared determination to drive innovation and propel industries forward,” stated Datuk Sri Mahmud Abu Bekir Taib, Chairman of PT Ihsan Group. “The iMas digital gold platform on INTI Cloud mirrors our collective dedication to pioneering advancements that enrich the lives of individuals and businesses alike.”

Datuk Sri Dr Chew Han Ching, Deputy Group Chairman of PT Ihsan Group, conveyed equal enthusiasm: “Our partnership embodies a strategic synergy that leverages the strengths of both entities. By amalgamating PT Ihsan Group’s profound industry insights with PT INTI’s technological prowess, we are uniquely positioned to usher in a new era of possibilities.”

The signing ceremony, witnessed by esteemed board members, signifies the commencement of a collaborative journey aimed at unlocking innovative pathways in the digital realm. This groundbreaking initiative, the iMas digital gold platform on INTI Cloud, exemplifies the ethos of visionary leadership and transformative innovation that characterizes PT Ihsan Group and INTI.

Considering that the world hosts a larger Muslim population than anywhere else, a substantial market opportunity arises for this Shariah-compliant gold platform. This partnership not only propels technological advancement but also addresses a significant and underserved market demand.

Furthermore, with the collaboration and support of PT INTI, the iMas digital gold platform is poised to cultivate community-based engagement and attain an extensive network, solidifying its position as a pioneering solution that not only revolutionizes the digital landscape but also fosters meaningful connections among stakeholders.

As the partnership takes flight, both organizations are poised to make an indelible mark on the digital landscape, setting the stage for a future where innovative solutions seamlessly integrate with visionary leadership. They are poised to meet the needs of a global audience while adhering to the principles of innovation, inclusivity, and Shariah compliance.

Synergy’s Green Initiative Program is making significant strides as it expands its reach to foster Selangor’s journey towards becoming a low-carbon, smart city. This forward-looking program is aligned with the Selangor State Government’s ambitious goal of transforming into a low-carbon emission Smart City by 2025. The core objective of this initiative is to achieve energy savings that are equivalent to preventing over 3,700,000 tonnes of CO2 emissions. This remarkable feat can be likened to the impact of planting more than 100,000,000 trees over a decade, benefitting 6,000 Joint Management Bodies (JMB) and Management Corporations (MC) of Strata Properties across Selangor.

With a steadfast commitment, the program sets its sights on significant accomplishments. A notable milestone for 2023 entails the implementation of LED lighting, aiming for a remarkable 10% conversion within Selangor’s townships. The urgency of addressing the pressing issue of global warming is evident, as our planet grapples with escalating environmental concerns that threaten its very existence. By harnessing innovative technologies, fostering collaborations with like-minded partners, and empowering communities, Synergy envisions aiding Selangor in realizing its carbon-neutral aspiration by 2050. In doing so, they strive to create a sustainable planet that can be cherished by future generations.

The significance of this program is underscored by its endorsement from key figures such as Roadziah binti Ismail, EXCO Perumahan, Kesejahteraan Bandar & Pembangunan Usahawan Negeri, and the Lembaga Perumahan & Hartanah Selangor (LPHS). This partnership exemplifies Synergy’s unwavering dedication to this transformative cause. By closely aligning with its partners, including JL Facilities Management Sdn Bhd (JLFM), Joint Management Committees (JMB), and MC of Strata Properties within Selangor, Synergy seeks to forge a united front in realizing these green goals.

During the event, YB. Roadziah voiced the Selangor state’s wholehearted commitment to the Green Initiative Program. She emphasized that the decision to appoint Synergy was rooted in rigorous evaluation, affirming the program’s significance. She also expressed gratitude for selecting Selangor as the launchpad for this impactful RM400 million endeavour, which is set to benefit 6000 JMB/MC entities within the state.

An embodiment of this program’s objectives can be observed in Geo Bukit Rimau, situated in Shah Alam and managed by JLFM. With the endorsement of the local town council, Majlis Bandaraya Shah Alam (MBSA), Geo Bukit Rimau proudly stands as one of the initial proponents of this program. Recognized as one of Synergy’s “Green Pioneers,” this property demonstrates the potential for meaningful change within the community.

Jeffry Low, Managing Director of JLFM, underlines the profound transformation of their role. Having managed various properties over three decades, they have evolved from property managers to advocates of green initiatives, driven by the collective desire for the best outcomes for properties and the environment.

To facilitate a seamless transition for interested participants, Majlis Mesyuarat Kerajaan Negeri (MMKN) Selangor has offered a special endorsement. This initiative offers comprehensive energy-saving solutions, encompassing products, services, savings protocols, and financial benefits. Notably, participants can join with zero upfront costs. Eva Yim, Executive Director of Synergy ESCO, highlights the groundbreaking nature of their offerings, exemplified by the exceptional 210 lumens per watt at a mere 5 watts, designed to last an impressive 150,000 hours or 34 years. This paradigm shift is especially significant as it extends to the residential segment, pivotal in driving societal change.

This policy’s endorsement by MMKN fortifies Synergy’s commitment to providing sustainable plans for future JMB and MC participants. This is particularly vital for those grappling with soaring operational costs and seeking avenues for cost reduction while simultaneously minimizing their carbon footprint.

With a compelling tagline, “Go Green Now, No Plan B!” Synergy aims to instigate immediate action. This call to action encourages individuals to become catalysts for healing, cherishing, and protecting our singular planet.

The recent launch of “Ekonomi MADANI” by Prime Minister and Finance Minister Dato’ Seri Anwar Ibrahim on July 27, 2023, spurred the Securities Commission Malaysia (SC) to convene its annual industry dialogue, focusing on pivotal areas for capital market advancement and growth.

The Annual SC Industry Dialogue 2023 (SCID 2023) brought together 60 influential figures from the capital market sector, including industry leaders and senior representatives. The discussions encompassed a wide spectrum of subjects falling under three major categories: investment opportunities, funding inclusivity, and market reforms within the capital market.

Key topics of deliberation included fortifying promotional efforts for the capital market, fostering a robust domestic issuer pipeline, enhancing market vitality, broadening the investor base, and harnessing the potential of sustainability and Malaysia’s leadership in the Islamic Capital Market.

Participants in the industry also conveyed their appreciation for the recent slew of capital market measures unveiled by the Prime Minister, alongside those announced in February and June of the same year. Notably, some measures have already been implemented, such as the reduction in stamp duty for share trading and secondary trading in the private market.

Anticipation was palpable within the industry for the forthcoming initiatives. Among them, the expansion of the definition of sophisticated investors was highlighted. The Securities Commission Malaysia (SC) foresees this initiative taking effect before the close of 2023.

A focal point of the SCID 2023 discussions revolved around three significant capital market measures recently introduced by the Prime Minister:

1. Reducing Board Lot Size: Plans to lower the current board lot size for trading on Bursa Malaysia from 100 units to a more accessible level.
2. Fractional Share Trading: Enabling investors to engage in fractional share trading through stockbrokers.
3. Automatic Transfer for ACE Market Companies: Allowing qualifying companies listed on the ACE Market to transition automatically to the Main Market of Bursa Malaysia, contingent on specific criteria.

Dato’ Seri Dr. Awang Adek Hussin, the SC Chairman, underscored the importance of sustained collaboration with stakeholders. He emphasized that this collaboration will be instrumental in driving essential reforms and enhancements aimed at fortifying the vibrancy, inclusivity, and competitiveness of the Malaysian capital market.

The planned reduction of board lot size and introduction of fractional share trading on Bursa Malaysia is expected to broaden accessibility for a diverse array of investors, particularly retail and younger investors, facilitating their entry into the stock market and enabling the creation of well-balanced portfolios. This is also predicted to boost trading activity, liquidity, and engender an environment of greater dynamism in the market.

Efforts are being made to ensure that the reduction of the board lot size is carefully implemented, involving a collaborative approach with brokers to potentially revise the current minimum commission structure to accommodate the lowered board lot size.

Moreover, the SC is collaborating with securities brokers to introduce flexible fractional trading options, ultimately expanding retail investors’ engagement in the stock market. This move will be governed by a set of comprehensive principles that prioritize price transparency and equity.

Concerning the automatic transfer of ACE Market companies to the Main Market, discussions at the SCID 2023 centered on establishing meaningful criteria to ensure the sustainable performance of promoted companies and their alignment with ongoing Main Market requirements.

Dato’ Seri Dr. Awang highlighted that this transfer process is expected to offer increased visibility and access to a broader investor base for qualifying ACE Market companies. Additionally, a greater number of Main Market-listed companies with substantial market capitalization will present diversified investment prospects, particularly appealing to larger and foreign investors, thus enriching the Malaysian capital market.

To expedite these initiatives, the SC is diligently reviewing and discussing criteria and processes in collaboration with Bursa Malaysia, with forthcoming announcements projected as the framework is solidified. The objective is for the eligibility criteria for automatic transfers to be in place by the conclusion of 2023. Furthermore, the fundamental principles guiding fractional trading are anticipated to be disclosed by the close of Q3 this year.

The recent SCID 2023 event played a timely and pivotal role in facilitating the execution of these critical capital market measures. The dialogue not only offered a platform for implementation but also generated valuable insights and innovative ideas to further propel the development of the capital market.

In a dazzling display of excellence, Generali Malaysia has once again emerged victorious, claiming the prestigious International General Insurer of the Year – Malaysia award at the illustrious Insurance Asia Awards 2023. This remarkable win marks a historic milestone for Generali, solidifying its position as the first and only general insurer in Malaysia to achieve such an awe-inspiring consecutive streak.

This coveted accolade is a resounding testament to Generali’s unwavering commitment to providing innovative products and services that are deeply rooted in customer experience and cutting-edge digital technology. The recent acquisition of AXA Affin joint ventures and MPI Generali Insurans Berhad has further bolstered Generali’s standing as one of Malaysia’s largest and foremost general insurers.

The grand event took place at the iconic Sands Expo & Convention Centre, Singapore on the 27^th of July 2023, where Insurance Asia Awards celebrated the finest insurance companies that have made an extraordinary impact on customers through exceptional products, services, and solutions. Each award recipient was meticulously chosen by a distinguished panel of industry experts, ensuring that only the best of the best were honored.

Basking in the glory of this prestigious recognition is none other than Fabrice Benard, the esteemed Chief Executive Officer of Generali Insurance Malaysia Berhad and Country Head for Generali Entities in Malaysia. With over two decades of technical and strategic expertise in the realm of General Insurance, coupled with an impressive track record of senior management positions across renowned financial institutions and big four firms in France, Italy, the Middle East, and Asia, Fabrice’s leadership has been nothing short of exceptional. To add to his accolades, he was also bestowed with the esteemed CEO of the Year award for spearheading the transformative integration project that catapulted Generali Malaysia to the position of the second-largest general insurer in the country.

Generali Malaysia has been honoured with International General Insurer of the Year – Malaysia award for the 8^th consecutive year at Insurance Asia Awards 2023. Generali is the first and only general insurer in Malaysia to have attained this consecutive win.

Fabrice expressed his elation at the achievement, stating that 2023 is a transformative year for Generali Malaysia as it furthers its ‘Lifetime Partner’ strategy through a game-changing acquisition, which has expanded their scale, expertise, and network to better serve their valued customers. The reception of these two prestigious awards validates Generali’s unwavering commitment as a trusted insurer and dedication to providing unmatched customer service.

Generali’s recipe for success lies in its unwavering focus on People – the driving force behind delivering and upholding the company’s strong sense of purpose and Lifetime Partner ambition. With a legacy spanning over 190 years, Generali remains steadfast in its mission to place customers at the core of its strategy, addressing their protection needs, and providing them with ‘Personalized Value Propositions’, ‘Phygital Advice’ and ‘Effortless and Caring Experience’.

But Generali’s commitment to the community goes beyond just its customers. Through the launch of its flagship initiative, The Human Safety Net “Project Makan Sihat,” the company has demonstrated its dedication to serving the underserved market. In collaboration with NGO partner Yayasan Generasi Gemilang, this local fundraising activity, in conjunction with the global fundraising effort organized by The Human Safety Net, raised a commendable RM273,751 to combat malnutrition among children and families in PPR Lembah Subang.

 The stellar achievements of Generali Malaysia are a true reflection of the unwavering support and trust bestowed upon them by their valued customers, business partners, agents, brokers, distributors, and colleagues. It is a testament to Generali’s unwavering dedication to being a trusted and dependable partner for all their stakeholders, and it sets the stage for even greater milestones in the future.

The Malaysian Insurance and Takaful Brokers Association (MITBA), the national body of Insurance and Takaful brokers, takes great pride in announcing a series of remarkable achievements as it concludes a transformative period from 2022 to 2023. Throughout this time, MITBA has successfully spearheaded a range of impactful programs, fostering innovation, collaboration, and excellence within the Insurance and Takaful broking sector, cementing its position as a formidable catalyst for change.

An exceptional highlight on MITBA’s journey was the annual CEO Conference held in Cape Town, South Africa this year. This prestigious event brought together top industry leaders from across Malaysia, providing a powerful platform for discussions on transformation and sustainable growth. The conference ignited enlightening conversations about emerging trends, risk management strategies, and strategic partnerships, setting new benchmarks for leadership and innovation within the Insurance and Takaful broking landscape. The CEO Conference served as a pivotal opportunity for MITBA to showcase the vital role of brokers and raise awareness among industry stakeholders.

Another significant milestone was the successful inaugural Leaders’ Summit held in Melaka in February 2023, organized by MITBA. This groundbreaking event united local experts in the Insurance and Takaful broking sector, sparking discussions on cutting-edge technologies, emerging trends, and the future of the industry. The Leaders’ Summit exemplified MITBA’s unwavering commitment to driving excellence and fostering collaboration, playing a crucial role in shaping a prosperous future for its members and elevating the understanding of brokers’ pivotal role within the industry.

Participants striking a pose at the 1st MITBA Leaders’ Summit 2023 in Melaka

Over this transformative period, MITBA further demonstrated its dedication to empowering its members through a series of thought-provoking talks and seminars. The “Frontiers of Manufacturer’s Liability” and “Planning for General Insurance” series, comprising multiple parts, addressed critical topics such as market analysis, product development, risk management, and emerging trends. Esteemed industry experts shared invaluable insights, equipping attendees with the necessary knowledge and strategies to navigate the complex landscape of general insurance successfully. These programs serve as a testament to MITBA’s ongoing efforts to provide its members with the tools and expertise required to excel as brokers.

Beyond its transformative initiatives, MITBA remains committed to corporate social responsibility. The association recently joined forces with PJ Caring Home for a meaningful CSR event, where MITBA members dedicated their time to engage with the residents, providing them with a heartwarming lunch and making a generous monetary donation. This act of compassion highlights MITBA’s commitment to making a positive impact on the community while exemplifying the values of care and support deeply ingrained within the association.

Vicky Rajaratnam, the esteemed Chairman of MITBA, expressed profound pride in the association’s milestone achievements during this transformative period. He emphasized that these remarkable accomplishments were made possible through the collective efforts of MITBA’s Management Committee and respected members, who consistently demonstrated their unwavering dedication to collaboration, innovation, and embracing change. Vicky further emphasized his long-standing desire to raise exposure and enhance public understanding of the vital role played by brokers within the Insurance and Takaful broking industry. With a clear vision of a future where Insurance and Takaful broking protect and empower individuals, businesses, and communities, MITBA continues to drive transformative change and excellence within the sector.

As MITBA celebrates these milestone achievements, the association remains steadfast in its commitment to inspire visionary leadership, foster collaboration, and shape the future of the insurance and broking industry. MITBA’s accomplishments from 2022 to 2023 serve as a testament to its dedication and ability to set new standards of excellence, firmly establishing itself as a driving force in the industry.

Allianz General Insurance Company Berhad (Allianz General) has been providing its Allianz Goods Carrying Vehicle Comprehensive policyholders with a valuable add-on coverage known as Allianz Truck Warrior since its launch in February. This dedicated roadside assistance service has already attracted over 4,000 policyholders who opted for the add-on to enhance their protection.

With Allianz Truck Warrior, policyholders can access roadside assistance up to three times a year, including towing of their Goods Carrying Vehicles up to 100km roundtrip using a dedicated fleet of tow trucks. The service also covers on-site repair for breakdowns and offers a flood relief allowance of up to RM5,000 per flood event in case of vehicle damage caused by floods.

To enjoy these benefits, customers simply need to purchase Allianz’s motor insurance policy and add on RM120 for the Allianz Truck Warrior coverage. The goal is to provide comprehensive protection and peace of mind to businesses and ensure a hassle-free experience during vehicle breakdowns.

Sazali Abdul Rahman, Deputy Chief Sales Officer of Allianz General, emphasized the convenience and efficiency of the Allianz Truck Warrior service. Whether through the bike brigade for minor issues or towing for more serious breakdowns, customers can rely on a trusted and reliable partner.

Despite the average cost of towing a lorry being around RM800, Allianz offers this stress-free benefit at a fraction of the cost, making it an attractive choice for policyholders. To be eligible for Allianz Truck Warrior, the Goods Carrying Vehicle must have an A and C permit with Comprehensive Cover, weigh up to 7.5 tons Gross Vehicle Weight (BDM), and be aged 20 years or less.

The success of Allianz Truck Warrior reflects its end-to-end coverage and customer satisfaction. Allianz General continues to expand its Allianz Road Rangers fleet, with Allianz Truck Warrior being the latest addition, demonstrating their commitment to assisting policyholders of motorcycles, cars, and now goods carrying vehicles, regardless of their size.