Thursday, July 1, 2010

MAA Assurance eyes RM25m in premiums from new protection plans

KUALA LUMPUR: Malaysian Assurance Alliance Bhd (MAA) expects its new comprehensive protection plans, MAXXCOMBO and MedicaLife 210, to bring in RM25 million in premiums within the next six months.

Its chief executive officer Muhamad Umar Swift said the plans had unique features and advantages compared to other products in the market.

"The customers can enjoy better coverage at a cheaper premium without compromising the quality of coverage and protection," he said at the launch of the new protection plans here today.

He said under the MAAXCOMBO plan, policyholders could now also opt to enjoy the benefits of MAAXMedic, a medical card designed to complement the existing MAA investment-linked plans.

Muhamad Umar said the MAAXMedic would come with an affordable costing and this would not only result in lower premium, but has far-reaching benefits as well.

"The plan not only offers affordable premiums with high medical coverage and provide cash value accumulating feature in its investment," he said.

Meanwhile, MedicaLife 210 is an enhanced version of the earlier MedicaLife series and the latest cashless Guaranteed Renewable Medical Policy up till the age of 80. ' Bernama


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