Gibraltar BSN, Pos Malaysia Sign Distribution Pact - New Straits Time

KUALA LUMPUR: Gibraltar BSN Life Bhd and Pos Malaysia Bhd recently signed a new distribution agreement for insurance products sold at Pos Malaysia branches nationwide.

The new agreement will see dedicated financial services officers (FSO) introduced at selected Pos Malaysia outlets across Malaysia, including Shah Alam, Kuantan and Johor Baru, among others.

Jointly accredited and trained by Gibraltar BSN and Pos Malaysia via customised training programmes, the FSOs will be able to provide professional advice on relevant insurance products available at Pos Malaysia.

Through this collaboration with Pos Malaysia, Gibraltar BSN aims to create a broader understanding of the benefits of life insurance and educate customers on the advantages of financial protection. Customers will have access to expert advice, the ability to purchase on the spot using a simple process, and a range of affordable products that fit their individual needs.

Gibraltar BSN Chief Executive Officer Vincent Kwo said with products available from as low as RM3.33 per day, the company aims to provide affordable yet quality financial protection tailored to the customer's specific needs.

"This collaboration brings a unique and differentiated model to our outlets, with FSOs utilising iPads and specialised workstations to serve customers, ensuring a seamless and comfortable experience for all.

Our FSOs will also be easily recognisable with their brand new uniforms.

"We are confident that this new model will deliver positive results and look forward to expanding our team of FSOs to more Pos Malaysia branches in the months to come," said Pos Malaysia Group Chief Executive Office Datuk Mohd Shukrie Mohd Salleh.

Gibraltar BSN and Pos Malaysia currently offer the "Pos Hayat" and "Pos Bestari" life insurance plans at Pos Malaysia outlets.

Pos Hayat is a basic life insurance cover that comes with Dengue protection benefits, while Pos Bestari is a life protection plan with savings, complete with guaranteed cash payouts and maturity benefits for coverage up to age 88.