KUALA LUMPUR, 6 MAY 2024 – MCIS Insurance Berhad (“MCIS Life”), Malaysia’s trusted life insurer partners with Castrol, a leading automotive lubricant company launched an industry-first insurance protection program. Aimed to provide complimentary insurance coverage with accidental benefits, this program offers compensation for total and permanent disability arising from accident-related injuries up to RM5,000.
A first-of-its-kind insurance program, this initiative offers one-month complimentary personal insurance coverage to any motorcyclists with purchase of Castrol Activ or Castrol Activ Essential products.
Customers will have to scan the QR code at participating outlets or online to start the insurance application initiation. They then upload the receipt and submit their personal details via the Castrol KitaCare portal to complete the process. The policy offers accidental death or total permanent disability coverage up to RM4,000, along with funeral expenses coverage up to RM1,000.
Commenting on this partnership, Prasheem Seebran, Chief Executive Officer (CEO) and Managing Director of MCIS Life stated that, "As a trusted life insurance provider in Malaysia, we are dedicated to safeguarding the futures of our customers and their loved ones. Our partnership with Castrol and Zensung exemplifies our commitment to collaborating with like-minded organizations to serve the evolving needs of our community.”
“Together, we are excited to craft bespoke solutions that meet the unique requirements of Malaysian consumers. Our dedication to innovation and service excellence remains unwavering as we continue to redefine the standards in our industry, ensuring that our customers and their families have the financial security and peace of mind they deserve,” added Seebran.
This program is running from now and is empowered with the other partners, Zensung, a fintech platform provider and Standard Chartered Bank, Castrol’s regional banking partner.
This complimentary insurance coverage is exclusively available for Malaysian motorcyclists aged 18 to 65 years old only. Each motorcyclist can hold up to three active policies concurrently, maximizing their protection.
For more information about MCIS Life, visit www.mcis.my
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About MCIS Life
MCIS Insurance Berhad (MCIS Life) stands as a beacon of trust in Malaysia's life insurance landscape, proudly commemorating 70 years of service since its inception in 1954. Recognized and regulated by Bank Negara Malaysia, MCIS Life has upheld its reputation for delivering innovative, reliable, and tailor-made life insurance solutions that offer robust protection and peace of mind to its esteemed customers.
With a network of 16 strategically located branches nationwide, MCIS Life is primed to cater to the diverse insurance needs of Malaysians from all walks of life. Its relentless dedication to customer service, coupled with a broad spectrum of life insurance products, epitomizes its commitment to safeguarding and securing the legacy of its customers and their families, today and for generations to come.
Since 2014, MCIS Life has been a proud member of the Sanlam Group, one of the world’s biggest internationally active insurance groups, adding to the strength and stability of the company. Sanlam is a pan-African financial services group listed on the Johannesburg, Namibian and A2X stock exchanges. Through its clusters: Life and Savings encompassing Retail Mass, Retail Affluent and Corporate business units; Sanlam Emerging Markets; Sanlam Investment Group; and Santam, the Group provides comprehensive and bespoke financial solutions to institutional clients and consumers across all market segments. Areas of expertise include life and general insurance, financial planning, retirement, investments, and wealth management. Established in 1918 as a life insurance company, Sanlam has evolved into the largest non-banking financial services group in Africa through its diversification strategy. For further information visit: www.sanlam.com
For more information about MCIS Life visit www.mcis.my and follow us on LinkedIn, Facebook, and Instagram.
Media contacts:
Natalya Matthew
Marketing Communications
MCIS Life
Tel: 0128123039
Email: natalya.matthew@mcis.my
Kaladevi Ramasamy
Strategic Marketing
MCIS Life
Tel: 0125250716
Email: kaladevi.ramasamy@mcis.my