RHB Bank launches two new wealth and protection financial products in Malaysia
RHB Banking Group has rolled out two new financial products aimed at wealth growth and protection. The offerings, RHB Wealth Advance and Takaful mySmart Income Enhanced, provide a mix of guaranteed income, insurance coverage, and Shariah-compliant benefits. Both plans are now accessible at RHB Bank branches across Malaysia. RHB Wealth Advance is designed for long-term financial security. It guarantees acceptance for applicants up to age 75 without requiring a health questionnaire. The plan also ensures a 100 percent allocation of basic premiums from the first year, meaning all payments go directly toward building coverage.
Premium payment options are flexible, with terms of three, five, or eight years. Coverage extends until age 128, offering protection benefits of up to 200 percent of total premiums paid. In cases of accidental death, the payout increases further.
Takaful mySmart Income Enhanced, distributed through RHB Islamic Bank, follows Shariah principles. It provides guaranteed yearly income along with financial protection in the event of death or total permanent disability. Accidental death coverage can reach up to 500 percent of the sum insured, offering substantial security for beneficiaries.
The plan also features periodic Cash Booster Benefits, which provide additional payouts at set intervals. Wealth distribution is managed through Hibah Takaful, a Shariah-compliant method of asset transfer. Contribution terms start from three years, with coverage lasting up to 20 years. Both RHB Wealth Advance and Takaful mySmart Income Enhanced are now available at RHB Bank branches nationwide. The plans cater to different financial needs, combining guaranteed income, extended coverage, and flexible payment options. Customers can choose between conventional and Shariah-compliant solutions based on their preferences.
