Malaysia’s Fi Life promises to be cheapest life insurance for women, will refund difference

It has launched its life insurance product online.

Malaysia’s Fi Life Sdn Bhd has launched its first self-underwritten life insurance product online, the insurer announced in a press release.

The company guarantees that it offers the cheapest life insurance for women below the age of 55, or else get the difference refunded–reportedly the first such guarantee in the Malaysian market.

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Fi Life offers an assured RM1m for its life insurance policies.

Data from the Bank Negara Malaysia said that only half of Malaysian working adults aged 20-59 have life insurance or takaful protection.