FWD Takaful Launches RM1 Million COVID-19 Vaccine Special Fund



Kuala Lumpur, 4 March 2021FWD Takaful Berhad (“FWD Takaful”) has launched a RM1 Million COVID-19 Vaccine Special Fund for all eligible customers in the event of hospitalisation or death due to any complications or side effects arising from COVID-19 vaccinations. 

Salim Majid Zain, FWD Takaful’s Chief Executive Officer, said, “It’s heartening to know that the COVID-19 vaccine is now available to protect Malaysians from the virus. In the meantime, we’ve launched a special fund for all our customers* to be prepared for all possibilities.

As an inclusive Takaful provider, FWD Takaful is dedicating the special fund to all our customers*, including those in the underserved segment who take up our micro-takaful plan, FWD Kasih, and our plan dedicated for the disabled segment, FWD SpecialCare Direct, to help secure their future.

FWD Takaful will cover all new and existing customers* with additional protection and benefits of the COVID-19 Vaccine Special Fund without any additional contribution. The fund provides coverage as follows:

Benefits

Certificate Owner/ Person Covered


Hospitalisation at any Malaysian government/private hospital due to any complications or side effects arising from COVID-19 vaccinations

MYR 200/day up to 7 days


Death due to any complications or side effects arising from COVID-19 vaccinations

MYR 20,000/person



The hospital cash benefit is valid for three (3) months from the date of receiving the first dose of approved vaccinations by the Ministry of Health, and death benefit is only applicable for death in Malaysia. The benefit is available from 25 February to 31 December 2021 or until the RM1 million special fund is exhausted, whichever is earlier.

In addition, FWD Takaful has also launched a RM1 million Special COVID-19 Relief Fund 2.0 to cover customers* diagnosed with COVID-19. The complimentary coverage is now available from 1 March 2021 until 31 December 2021 or until the fund is exhausted, whichever occurs first. Last year, FWD Takaful launched a similar fund of RM1 million that benefited more than 200 customers and their family members.

Find out more about the COVID-19 Vaccine Special Fund and the Special COVID-19 Relief Fund 2.0 at fwd.com.my. Alternatively, call 1300 13 7988 or email contact.my@fwd.com for more information.

*Terms & conditions apply.


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About FWD Takaful Berhad

FWD Takaful Berhad (“FWD Takaful”) is a Takaful provider in Malaysia that offers family Takaful services. FWD Takaful is licensed under the Islamic Financial Services Act 2013 and is regulated by Bank Negara Malaysia.

It is a Takaful business unit of FWD Group (“FWD”) – which spans Hong Kong & Macau, Thailand, Indonesia, the Philippines, Singapore, Vietnam, Japan and Malaysia; offering life and medical insurance, general insurance, employee benefits, Shariah and family Takaful products across a number of its markets.

FWD is focused on creating fresh customer experiences and making the insurance journey simpler, faster and smoother, with innovative propositions and easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD aims to become a leading pan-Asian insurer that changes the way people feel about insurance.

Established in Asia in 2013 with a trailblazer mentality, FWD is the primary insurance business of investment group, Pacific Century Group.

For more information, please visit fwd.com.my.

Get in touch! Call Us 1300 13 7988