Thursday, May 22, 2014

New insurance product in Malaysia for rural dwellers - KampungKu

Allianz General launches ‘KampungKu’ for it matters to the rural community

Allianz General Insurance Company (Malaysia) Berhad (“Allianz General”) launched a brand new insurance product, ‘KampungKu’. ‘KampungKu’ is a first of its kind introduced specially for rural area dwellers.

“A home is one of the many important things that matter most to people. At Allianz, we want to ensure that these are well protected and taken care of. We realise that people in the city have many choices as compared to those in rural communities. Living in rural areas does not rule out one from experiencing flood or fire, hence they should have the adequate protection too. We want ‘KampungKu’ to reach out to people who need the coverage as much but may not have access to a variety of products like these,” said Zakri Khir, CEO of Allianz General Insurance Company (Malaysia) Berhad.

‘KampungKu’ is a Basic Material Damage Insurance product which provides coverage to the rural area homes. In other words, it is a Fire insurance policy with a Flood and Windstorm extension as an emergency relief benefit for an affordable premium of only RM70 a year. It is a unique product as it is able to provide insurance coverage for Class 3 private dwellings or homes made out of wood. It also has a Personal Accident coverage that covers any one loss for Accidental Death, Permanent Disablement or Funeral Expenses.

“We hope that through ’KampungKu’ many rural communities are well protected. At the end of the day, what matters to us is that we want to give the best and provide results for customers, be it city folks or ‘kampung’ dwellers,” concluded Zakri.

‘KampungKu’ has been made available since April this year. For more information on ’KampungKu’, call Allianz Malaysia’s Customer Contact Centre at 1-300-88-1028 or email .

About Allianz in Malaysia
The investment holding company, Allianz Malaysia Berhad, a subsidiary of Allianz SE, has two insurance subsidiaries - Allianz General Insurance Company (Malaysia) Berhad (“Allianz General”) and Allianz Life Insurance Malaysia Berhad (“Allianz Life”).

Allianz General is one of the leading general insurers in Malaysia and has a broad spectrum of services in personal lines; small to medium enterprise business and large industrial risks.  Allianz General also leverages on the bancassurance agreement with CIMB Bank to reach out to the bank's over-a-million-customer base.  The GWP for general insurance business for financial year 2013 reached a mark of RM1.98 billion.

Allianz Life offers a comprehensive range of life and health insurance and investment-linked products and for the financial year 2013, Allianz Life recorded a gross written premium (“GWP”) of RM1.60 billion and is one of the fastest growing life insurers in Malaysia.

Allianz Malaysia has 35 branches nationwide.

About Allianz
In Asia Pacific, Allianz is present in 14 markets offering its core businesses of property and casualty insurance, life and health insurance and asset management. Globally, Allianz is one of the world's leading insurers and financial services providers and one of the first Societas Europeae. Founded in 1890, Allianz is now present in more than 70 countries with over 144,000 employees. Allianz provides its 78 million customers worldwide (27 million in growth markets) a comprehensive range of services in the areas of property and casualty insurance, life and health insurance, and asset management.

Allianz is the leading primary insurer in the Dow Jones Sustainability Index. We support the principles of the Global Compact of the United Nations as well as the Organisation for Economic Co-operation and Development (OECD) Guidelines for Multinational Enterprises.

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