Kuala Lumpur, 6 April 2020 – FWD Takaful Berhad (“FWD Takaful”) today introduced FWD MedSecure Direct, an online hospital cash income plan which provides coverage and cash allowance for every day you’re hospitalised.
Salim Majid Zain, FWD Takaful’s Chief Executive Officer said, “In line with our vision to change the way people feel about takaful, we’ve developed an online hospital cash income plan which is quick and easy to apply for, providing coverage to support yourself and your family should you fall ill and need to cover the loss of income. The plan is useful to all Malaysians and will help with your out-of-pocket expenses including your living and certain medical expenses which might not be covered under your existing medical plan when you’re hospitalised.
FWD MedSecure Direct also offers an option to cover accidental medical reimbursement benefits to be attachable to the plan. In addition, participants are entitled to a 20% discount if no claims are made within the past two (2) certificate years, thus contribution amount will reduce by 20% on the next certificate year.
FWD MedSecure Direct provides the option for an individual plan, couple plan, family plan or single parent plan. As for family plan, up to 2 children will be covered and future contributions shall be waived in the event the certificate owner passes away. This feature of waiver of contribution is also made available for couple and single parent plans.
The complimentary special extension of coverage and benefits for COVID-19 is now extended to FWD MedSecure Direct too. Certificate owners will be entitled to an additional death benefit of RM20,000 upon person covered’s death due to COVID-19. We’ll also pay a special lump sum compassionate benefit of RM5,000 per person upon immediate family member’s death or diagnosis with COVID-19.
FWD MedSecure Direct is the third family-themed plan offered online. Our easy-to-use online channel is simple, reliable and direct, which enables customers to manage their Takaful certificates at their own convenience and it’s simply affordable for everyone.