Tokio Marine Life, RHB launch guaranteed-acceptance plan for seniors

RHB said the product is designed for customers aged 40 to 70.

Tokio Marine Life Insurance Malaysia and RHB Bank have launched RHB Essential Assure, a guaranteed-acceptance protection plan aimed at expanding access to long-term insurance coverage. 

The plan accepts applicants without medical examinations for individuals up to age 70 and offers coverage up to age 100.

RHB said the product is designed for customers aged 40 to 70, especially those who may face challenges obtaining coverage due to medical requirements. 

The plan offers lump-sum benefits for death and total and permanent disability, along with additional accidental death payouts of up to 500% of the basic sum assured for incidents involving travel, public transport, overseas trips, flights, and natural disasters.

The product allows flexible premium payment terms of five or ten years, with coverage options ranging from 20 years to age 70, 80, or 100. 

A Lifestyle Reward feature increases the basic sum assured by 5% every three policy years, up to a maximum of 20%. 

The plan also includes a Senior Disability feature, which maintains protection up to age 100. 

Tokio Marine Life has been operating in the country for more than 75 years and is part of Tokio Marine Group, which has over 43,000 employees across 45 markets. 

As of 31 December 2024, Tokio Marine Life reported total assets exceeding RM12b.