Gibraltar BSN Launches GoProtect Platinum15 Dec 2020
From left to right:
- Rangam Bir – President and Chief Executive Officer, Gibraltar BSN Life Berhad
- Susan Ong – Chief Marketing Officer, Gibraltar BSN Life Berhad
- Lee Kok Wah – Chief Financial Officer, Gibraltar BSN Life Berhad
Kuala Lumpur, 15 December 2020 – Gibraltar BSN Life Berhad (“Gibraltar BSN”), one of Malaysia’s fast growing life insurance companies, today launched GoProtect Platinum, a high coverage investment-linked plan that allows customers to grow their wealth and protect their legacy through savings and investment while enjoying superior levels of protection.
GoProtect Platinum offers high coverage starting from RM500,000 for death, total and permanent disability, with accidental death coverage increasing fourfold if death occurs overseas. In light of the rising numbers of Malaysians being diagnosed with non-communicable diseases, the Plan also comes with a unique proposition, 3-High Cover, which provides up to RM20,000 to help offset recuperation bills when customer is diagnosed with High Blood Cholesterol, High Blood Pressure, or High Blood Sugar (Type 2 Diabetes).
Rangam Bir, President and Chief Executive Officer of Gibraltar BSN Life Berhad said, “According to the Life Insurance Association of Malaysia , while 54% of the Malaysian population are covered by life insurance, 90% of those insured are underinsured. On average, the estimated average protection gap ranges from RM150,000 to RM723,000 per family and the gap widens depending on the age of the breadwinner or whether the breadwinner has life or medical insurance. With the launch of GoProtect Platinum, we are pleased to be able to close the insurance coverage gap for our customers seeking superior protection to correspond to their families’ needs and lifestyles.”
To help customers grow their insurance coverage to correspond with their lifestyle changes, GoProtect Platinum boosts coverage amount by 5% starting from the fifth year onwards until the 11th year. GoProtect Platinum also provides an extra premium allocation of 3% every 2 years after the 11th year to protect the customer’s investments against inflation.
GoProtect Platinum is distributed via Gibraltar BSN’s nationwide agency channel and further complements the life insurer’s range of simple, relevant, and affordable financial solutions that includes life and health protection through traditional and investment-linked plans.