RHB Bank launches two new wealth and protection financial plans in Malaysia

RHB Banking Group has introduced two new financial products aimed at wealth growth and protection. The offerings, RHB Wealth Advance and Takaful mySmart Income Enhanced, are now available across Malaysia through RHB Bank branches. Both plans cater to different needs, combining investment opportunities with long-term security.

RHB Wealth Advance is a dual-purpose plan that merges protection with investment potential. It supports wealth accumulation while allowing policyholders to transfer assets to future generations. The plan guarantees acceptance for applicants up to age 75 without requiring a health questionnaire. Premiums can be paid over three, five, or eight years, with coverage lasting until age 128.

The plan also provides protection benefits of up to 200 percent of total premiums paid. Additional payouts are available in cases of accidental death. From the first year, 100 percent of basic premiums are allocated directly to the investment component. Takaful mySmart Income Enhanced, distributed through RHB Islamic Bank, is a Shariah-compliant family takaful plan. It offers guaranteed yearly income along with financial protection in the event of death or total and permanent disability. Contribution terms start from just three years, while coverage extends up to 20 years. The plan includes periodic Cash Booster Benefits and wealth distribution through Hibah Takaful. This feature allows policyholders to allocate funds to beneficiaries during their lifetime, aligning with Islamic financial principles.

Both RHB Wealth Advance and Takaful mySmart Income Enhanced are now accessible at RHB Bank branches nationwide. The plans provide flexible payment terms, long-term coverage, and tailored benefits for wealth growth and protection. Customers can choose between conventional or Shariah-compliant options based on their preferences.