Allianz Life Malaysia unveils life and health insurance plan for SMEs

It includes group hospitalisation and surgical coverage.

Allianz Life Insurance Malaysia Berhad has introduced Allianz EliteChoice, an insurance plan for small and medium enterprises (SMEs).

The plan, offered to SMEs with 3 to 350 employees, will offer life and health coverage.

Amongst benefits include group hospitalisation and surgical (GHS) coverage, including a room and board limit of up to MYR600, overall annual limit of up to MYR500,000, coverage for in-patient mental illness treatment, and genomic testing for cancer.

There are also options for outpatient clinical and dental services.

It also includes a group term life coverage for death, total and permanent disability, partial and permanent disability, and accidental death and disablement.

Optional riders offer enhanced coverage for Critical Illness, including accelerated and additional benefits, as well as repatriation of mortal remains, Allianz Life said.

“This product offers a comprehensive range of benefits at an affordable price, ensuring both employers and employees can enjoy peace of mind,” said Allianz Life CEO Charles Ong.