Gibraltar BSN Life Berhad (“Gibraltar BSN”), one of Malaysia’s fast growing life insurance companies, has launched GoGuarantee Plus, a limited-edition endowment plan to help Malaysians safeguard their retirement.
GoGuarantee Plus is a life insurance plan combined with guaranteed returns at 3% of sum assured every five years and a lump sum payment of up to 120% of total premium paid.
The enrolment process is also hassle-free as customers can easily protect themselves for up to RM300,000 with no medical underwriting or health questions.
Lee Kok Wah, Chief Executive Officer of Gibraltar BSN Life Berhad said, “Good health and financial freedom is key to retirement security. In today’s challenging times and the fact that Malaysia will become an aging society by 2030, we felt compelled to help our customers safeguard their golden years by offering a competitive product to grow their retirement funds and at the same time, equip them with solid life protection.”
A unique feature of GoGuarantee Plus is the accompanying Golden Age Disability (GAD) which allows the customer to extend the coverage period and Terminal Illnesses benefits of up to RM300,000. Kok Wah added, “Living longer means that Malaysians will have to contend with higher medical costs and these additional benefits will certainly alleviate our customers’ financial burden as they grow older.”
Customers can prepare for their retirement without burdening their current commitments by opting for flexible premium payment of five years, ten years, or the full payment term.
GoGuarantee Plus is available until the end of the year. The plan is distributed via Gibraltar BSN’s nationwide agency channel and further complements the life insurer’s range of simple, relevant, and affordable financial solutions which includes life and health protection through traditional and investment-linked plans. For more information, please visit www.gibraltarbsn.com.