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CIMB MAKES DREAM RETIREMENT SIMPLER THROUGH SUN INCOME SECURE
Monday 15/01/2018
Samir Gupta, CEO, Group Consumer Banking, CIMB Group (second from right); Claude A. Accum, President, Sun Life Financial Asia (second from left); Gary Yong, Head of Wealth Management, CIMB Bank Berhad (far left) and Raymond Lew, CEO & President/Country Head, Sun Life Malaysia Assurance Berhad (far right) at the launch of Sun Income Secure, a 3-in-1 scheme offering protection, investment and guaranteed yearly income to help customers plan for their dream retirement |
Protection, investment and guaranteed yearly income in a single, smart plan for a dream retirement
KUALA LUMPUR, Jan 15 (Bernama) -- CIMB Bank Berhad (“CIMB”) today launched Sun Income Secure, to enable its customers to enjoy protection, investment and a guaranteed yearly income in a single plan to facilitate retirement planning. The plan is the latest addition to CIMB’s suite of insurance solutions developed by its bancassurance partner, Sun Life Malaysia Assurance Berhad (“Sun Life Malaysia”).
Samir Gupta, CEO, Group Consumer Banking, CIMB Group said, “For the past five years, CIMB has partnered with Sun Life Malaysia to deliver a range of innovative solutions that help facilitate our customers’ financial planning. Sun Income Secure is yet another innovative solution that provides protection, investment and savings in one simple plan to help our customers achieve their dream retirement. This forms part of CIMB’s holistic offerings to support and forward all our clients’ financial dreams and ambitions, backed by a digital proposition to deliver a delightful customer banking experience.”
Raymond Lew, CEO & President/Country Head, Sun Life Malaysia said, “Our promise to Malaysians is to provide them with lifetime financial security. We help them build savings and protect themselves and their families through innovative, insightful and relevant products. With Sun Income Secure, we now have a full suite of solutions to meet the lifecycle needs of our customers, in partnership with CIMB, from life protection, to medical coverage, investment returns, education plans, and now – a plan for a desired retirement.”
Sun Income Secure is a regular premium investment-linked insurance and savings plan with a guaranteed yearly income, all in a single product to make it simple for customers to achieve their dream retirement. Its key benefits include:
Guaranteed Yearly
Income (GYI)
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| Guaranteed yearly income stream for up to 20 years. Clients can decide on the desired yearly income they wish to receive starting from their predetermined retirement age.
The predetermined retirement age is flexible where clients can choose their desired retirement age ranging from 50, 55, 60 or 65.
| Guaranteed Yearly
Income Booster
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| Additional 50% of the GYI amount will be payable on an annual basis for the first 3 years, immediately following the life assured’s predetermined retirement age.
| Protection Coverage
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| Lump sum payment in the event of Death or Total and Permanent Disablement.
| Potential investment return
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| Potential upside returns through investment in a series of professionally managed investment-linked funds.
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Insurance is part of CIMB’s holistic financial offerings based on its F.I.R.S.T. value proposition, which stands for Finance (loans), Insurance, Returns (investments), Save and Transact (credit and debit cards) to support its customers in every aspect of their financial planning.
About CIMB Bank
CIMB Bank is the consumer banking arm of CIMB Group, offering retail and commercial banking services.
CIMB Group is Malaysia’s second largest financial services provider and one of ASEAN’s leading universal banking groups. It offers consumer banking, investment banking, Islamic banking, asset management and insurance products and services. Headquartered in Kuala Lumpur, the Group is now present in nine out of 10 ASEAN nations (Malaysia, Indonesia, Singapore, Thailand, Cambodia, Brunei, Vietnam, Myanmar and Laos). Beyond ASEAN, the Group has market presence in China, Hong Kong, India, Sri Lanka, Korea, the US and UK.
CIMB Group has the most extensive retail branch network in ASEAN of around 900 branches as at 30 September 2017. CIMB Group’s investment banking arm is also one of the largest Asia Pacific-based investment banks, offering amongst the most comprehensive research coverage of more than 700 stocks in the region.
CIMB Group operates its business through three main brand entities, CIMB Bank, CIMB Investment Bank and CIMB Islamic. CIMB Group is also the 92.5% shareholder of Bank CIMB Niaga in Indonesia, and 94.1% shareholder of CIMB Thai in Thailand.
CIMB Group is listed on Bursa Malaysia via CIMB Group Holdings Berhad. It had a market capitalisation of approximately RM60.3 billion as at 31 December 2017. The Group has 38,000 employees located in 15 countries.
About Sun Life Malaysia
Sun Life Malaysia (Sun Life Malaysia Assurance Berhad and Sun Life Malaysia Takaful Berhad) is a joint venture by Sun Life Financial Inc. and Avicennia Capital Sdn. Bhd., a fully owned Khazanah Nasional Berhad investment holding company, specialising in Insurance and Takaful.
Sun Life Malaysia offers a comprehensive range of life insurance and Takaful products and services to Malaysians across the country and is focused on helping clients achieve lifetime financial security and live healthier lives. Sun Life Malaysia distributes its products through a range of distribution channels including bancassurance, agency, direct marketing, telemarketing and government and corporate business.
Sun Life Financial is a leading international financial services organisation providing a diverse range of insurance, wealth and asset management solutions to individuals and corporate Clients. Sun Life Financial has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of 30 September 2017, Sun Life Financial had total assets under management of CAD$934 billion. Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.
For more information please visit www.sunlifemalaysia.com.
Source : CIMB Group
FOR MORE INFORMATION, PLEASE CONTACT:
Name : Suria Zainal
Head
Group Corporate Communications
CIMB Group
Tel : +603 - 2261 0638
Email : suriawati.zainal@cimb.com
Name : Tricia Loh
Head, Brand & Communications
Sun Life Malaysia
Tel : +603 - 2614 3599
Email : tricia.loh@sunlifemalaysia.com
--BERNAMA
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