Allianz Malaysia launches campaign for retirement readiness

Only 38% of Malaysians have taken steps to prepare for retirement.

The 'Be A-Z ready for tomorrow' educational campaign was recently initiated by Allianz Malaysia Berhad with the aim of assisting Malaysians in achieving their desired retirement lifestyles.

The main objective of the campaign is to emphasise the significance of retirement planning to Malaysians and highlight the crucial role of protection and various types of insurance coverage at every stage of life to ensure a secure and comfortable retirement.

Allianz Malaysia Chief Executive Officer, Sean Wang said “When we were studying the market, we learned that Malaysians’ top priorities for retirement are to live debt-free, have sufficient funds for medical emergencies for themselves and family, whilst maintaining their pre-retirement lifestyles. These things will be hard to achieve if people are only leaning on passive savings to finance their golden years."

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Citing YouGov, an international survey and data firm, only 38% of Malaysians have planned for retirement.

“The study which focused on understanding Malaysian retirement priorities found that those intending to plan for their retirement were receptive to protection plans like Life and Medical insurance,” Allianz Malaysia said.