PETALING JAYA: CIMB Bank Bhd has launched a first-of-its-kind salary account linked with complimentary takaful coverage under its CIMB@Work programme, reinforcing its commitment towards encouraging financial resilience among the Malaysian workforce.
The bank is offering salaried individuals practical and accessible ways to extend financial protection benefits without additional payment or administrative complexity through the programme.
The new CIMB Salary Account provides takaful protection of up to RM200,000 covering 36 critical illnesses, including cancer, heart attack, Alzheimer’s disease, stroke, and kidney failure, and more. The takaful protection also includes coverage for death and total and permanent disability. No health screening or health declaration is required, except for exclusions relating to pre-existing conditions, providing easy enrolment with no contribution payments.
To be eligible for the takaful protection, the account holder needs to maintain a monthly average balance of at least RM2,500 to initiate protection, and an MAB at or above this threshold to remain protected.
The takaful coverage is underwritten by Sun Life Malaysia Takaful Bhd, a bancassurance partner of CIMB.
CIMB Group consumer banking CEO Haniz Nazlan said, “With the CIMB Salary Account, we are simplifying access to protection for account holders by embedding takaful coverage directly into their salary accounts. At CIMB, we continue to prioritise our customers and strive to provide them with value-added services and best-in-class experiences at all touchpoints while pursuing innovation in our offerings.
“The CIMB Salary Account with its numerous benefits empowers Malaysian employees to build structured financial protection through their salary accounts in a way that is simple, affordable and transparent, in line with our purpose of advancing customers and society.”
In conjunction with the launch of CIMB Salary Account, CIMB will extend a time-limited exclusive offer to eligible customers to effectively double the takaful coverage amount they receive for critical illness. The offer is available until July, during which eligible customers who open a CIMB Salary Account will be entitled to the additional complimentary coverage for a period of one year, subject to terms and conditions.
In addition, account holders who wish to enhance their protection levels have the option to purchase up to RM300,000 additional critical illness and death coverage directly from Sun Life Malaysia Takaful.
The exclusive, online-only offer will be available from July to December, and requires no medical underwriting, subject to exclusions relating to pre-existing conditions and terms and conditions.
To be eligible for CIMB Salary Account, account holders must be between 18 and 69 years old, with their salary credited into the account.
