The pandemic has and is still changing lives around the globe and sadly, one of the detrimental effects is mainly the financial. Anyhow, many initiatives to help those infected by the virus has risen. And one of the initiatives is made by Prudential Assurance Malaysia Berhad (PAMB) and Prudential BSN Takaful Berhad (PruBSN). Recently, Prudential announced that more than RM2 million in commitment in providing COVID-19 insurance and takaful protection to its customers, as well as non-customers.
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Special COVID-19 Coverage
In response to the continuously evolving COVID-19 situation, Prudential Malaysia has enhanced its Special Covid-19 Coverage and will offer RM1,000 cash relief upon diagnosis and hospitalisation, as well as RM10,000 death benefit due to Covid-19 from 1 May to 31 December 2020.
This amount is doubled for Prudential customers who register for the Special Covid-19 Coverage on Pulse by Prudential (Pulse) i.e. RM2,000 cash relief and RM20,000 death benefit.
“When Covid-19 was first detected in Malaysia and began to spread, Prudential was the first insurer to waive the exclusion in medical policies and certificates on communicable diseases requiring quarantine by law and subsequently introduced Special Covid-19 Coverage. In Malaysia, the severity level of Covid-19 has evolved with the emergence of death cases since mid-March. In response to the continuously evolving situation, we have enhanced this coverage so that we can provide the right level of benefits over a broader population and over a longer period of time to provide peace of mind,” said Gan Leong Hin, Chief Executive Officer of Prudential Assurance Malaysia Berhad.
Free Covid-19 coverage for non-Prudential customers
Prudential Malaysia has also set up RM300,000 fund for non-customers to receive free Covid-19 coverage. All you have to do is register for the Special Covid-19 Coverage on Pulse1. Eligible users will then receive RM1,000 cash payout as a financial relief upon hospitalization until the total fund pay-out reaches RM300,000.
Wan Saifulrizal Wan Ismail, Chief Executive Officer of Prudential BSN Takaful Berhad, said, “We will continue to listen to our customers and provide the best in order to support, protect, and serve them no matter the situation. Through our app Pulse, even non-Prudential customers can enjoy protection with our Special Covid-19 Coverage for free, as it is our goal to make healthcare affordable and accessible to everyone. With the coverage and its updated benefits, the lump sum payment can help support one’s financial responsibilities, be it bills, hospitalisation costs, or even daily expenses like food for the family. This virus has changed the way we Malaysians live and Prudential is committed to protecting all Malaysians as we get through this together.”
Pulse is a digital health app which is free to download. It uses AI-powered self-help tools and real-time information to enable users to get a report on their health status, check on possible causes of their symptoms, get connected to a doctor for online consultation and identify potential dengue hot-spots.
The app also keeps users updated with the latest health tips and developments on Covid-19. Prudential Malaysia customers have access to the free online doctor consultation on Pulse, while non-customers can also enjoy the service free of charge upon completion of a health check available on the app.
Prudential Assurance Malaysia Berhad (PAMB) was established in Malaysia in 1924. As a leading and innovative insurer, PAMB serves the savings, protection and investment needs of Malaysians by offering a full range of financial solutions through its branches and bancassurance distribution partners network nationwide.
With more than 1,700 employees, PAMB is committed to helping people achieve their ambitions for a brighter and financially secure future. The business helps individuals to de-risk their lives and deal with their biggest financial concerns through life and health insurance, and retirement and asset management solutions.
Prudential plc has 20 million customers and is listed on stock exchanges in London, Hong Kong, Singapore and New York.
Prudential BSN Takaful Berhad was established in 2006 through the licence awarded by the Central Bank of Malaysia, Prudential BSN Takaful Berhad (PruBSN) is a joint venture between the UK-based Prudential plc and Bank Simpanan Nasional, two financially strong companies in their respective fields of expertise.
Premised on the concept of ta`awun (co-operation and mutual assistance), PruBSN provides a range of shariah-compliant family takaful protection solutions. Today, PruBSN has over 13,000 takaful consultants who serve the evolving health and protection needs of more than 900,000 Malaysians and their families by listening, understanding and most importantly, delivering.
Getting the help and protection of others in these tough times might not be a far fetched dream anymore. Keep the kind actions of others in your heart and remember to double the deeds when giving it back. As what goes around, comes around, you can keep the cycle of kindness going as well. Stay safe and be kind.