FWD Takaful pumps in additional RM5 million into MOH FWD MY Heroes Fund to support Ministry of Health frontliners

Total RM10 million in special fund to cover frontliners and their families


Kuala Lumpur, 9 February 2021 – FWD Takaful Berhad (“FWD Takaful”) has added an additional RM5 million into its MOH FWD MY Heroes Fund to support the Ministry of Health (“MOH”) frontliners in their continued battle against the COVID-19 pandemic, increasing the total of the special fund to RM10 million from the initial allocation of RM5 million last year.

Salim Majid Zain, FWD Takaful’s Chief Executive Officer, said, “Our frontliners are facing a tougher challenge this year with the significant rise of COVID-19 cases in recent months. We want to do what we can to step forward and continue providing practical support to frontliners and their immediate family through our MOH FWD MY Heroes Fund.

Launched in April last year, FWD Takaful established the special fund to provide nine months complimentary benefits to cover death and hospitalisation for MOH frontliners from 1 April 2020 until 31 December 2020 or until the special fund is exhausted, whichever is earlier. FWD Takaful is now replenishing the fund with an additional RM5 million and will be extending the benefits to 31 December 2021 or until the special fund is exhausted, whichever is earlier. The fund provides Takaful coverage as follows:

Benefits

Frontliners

Family

COMPASSIONATE BENEFIT

Death due to COVID-19

RM 40,000

N/A

Death due to other causes

RM 10,000

N/A

RELIEF ALLOWANCE

Hospitalisation in ICU due to COVID-19

RM 10,000

RM 10,000

Hospitalisation in normal wards due to COVID-19

RM 2,000

RM 2,000



MOH frontliners who are eligible to claim from the fund refer to all MOH staff including doctors, nurses, paramedics, laboratory technicians, ambulance workers and hospital administration staff who have contracted COVID-19 while in the line of official duty. The fund also covers immediate family members of MOH staff including their spouse, parents and children up to the age of 25 years old, including legally adopted children.

For more information on FWD Takaful, please visit fwd.com.my.


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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.

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