Kuala Lumpur, 12 October 2022 – FWD Takaful Berhad (“FWD Takaful”) has recently launched Your Protection Calculator (“YPC”), an artificial intelligence (AI) driven tool created to assist Malaysians in assessing and determining the appropriate level of takaful coverage.
YPC enables people to recognise where they stand with their takaful protection needs by comparing them to others with similar backgrounds. This tool lists people’s coverage needs by priority, coverage gap and estimated cost. Based on the person’s coverage needs, the tool can also generate personalised product recommendations. As such, it saves people time on research.
Wan Ahmad Najib Wan Ahmad Lotfi, FWD Takaful’s Chief Strategy and Digital Distribution Officer, said, “Many people are unaware of the different factors that determine their financial protection needs. Moreover, while most people know the importance of financial protection, they’re unsure about which coverage would suit them best. As part of our ongoing efforts to build a digital-led ecosystem, YPC aims to provide people with AI-driven insights. Therefore, they can make more informed decisions on the protection coverage they need.”
What’s more, those who use YPC can save up to 30% on their first month’s contribution if they participate in the takaful plans that are recommended to them.
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. FWD Takaful is a takaful business unit of FWD Group (“FWD”).
FWD Group is a pan-Asian life insurance business with approximately 10 million customers across 10 markets, including some of the fastest growing insurance markets in the world. Established in 2013, FWD is focused on 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 is committed to changing the way people feel about insurance.
For more information, please visit fwd.com.my.