KUALA LUMPUR: Al Rajhi Bank introduced its latest medical strategy, i-Medic, which provides budget friendly and extensive medical and hospitalisation coverage for its consumers.
Underwritten by AIA PUBLIC Takaful Bhd (AIA PUBLIC), i-Medic is created to satisfy the requirements of Malaysians who need inexpensive, flexible and family-oriented medical and hospitalisation coverage.
Al Rajhi Banks acting chief executive officer Selamat Haji Sirat said, The launch of i-Medic will make it possible for Al Rajhi Bank to enhance its bancatakaful items providing and develop chance to broaden its retail portfolio through brand-new ingenious financial solutions.
Under the partnership, i-Medic will be promoted and marketed through Al Rajhis 24 branches across the country. In return, Al Rajhi will benefit from AIA PUBLICs customer-centric sales approach, training, marketing and innovation support. Besides AIA PUBLIC Takaful, Al Rajhi Bank has teamed up with Great Eastern Takaful to distribute i-Great Raudhah and i-Great Bakti.
AIA PUBLIC main executive officer Elmie Aman Najas said, This is another turning point achieved by AIA PUBLIC as we get in into a partnership to distribute advisory item with Al Rajhi Bank. This provides the opportunity for AIA PUBLIC to take advantage of Al Rajhi Banks distribution strength through its network of branches and representative workplaces across the country.
In addition, it is a strategic and innovative approach by AIA PUBLIC to extend its reach to new, prospective bank based clients.
i-Medic, which features a No Lifetime Limitation feature, is designed to cover hospitalisation and medical expenses due to sickness and accidental causes as much as 99 years of ages.
When a consumer participates in this medical strategy, the individual will get a medical card with a swipe feature that eases health center admissions at AIA panel medical facilities. Through its Household Plan feature, i-Medic offers its participants the choice to extend the medical coverage to their spouse and children.
To give AIA clients more option in meeting their defense needs, AIA PUBLIC applies the Takaful idea to establish Shariah solutions that offer similar features and benefits to AIAs insurance items.
Leveraging on its established concepts and operations in the Middle East, Al Rajhi Bank ventured out as a global bank by establishing its first abroad operations in Malaysia.
Running on the same platform as the home bank, Al Rajhi Bank Malaysia extensively uses the newestthe current banking innovation to regularly supply consumers with speed and benefit in banking. To this day, it has 24 branches, 15 in the Klang Valley, one in Johor Bahru, Melaka, Penang, Kuching, Kota Bharu, Ipoh, Kuantan, Kota Kinabalu and Sungai Petani respectively. Strategies are in the method to open a couple of more this year.
Al Rajhi opened it Upscale Banking flagship branch in Menara BRDB in Bangsar to accommodate its high net worth customers. Offsite ATMs are now situated in lots of areas throughout Malaysia.
The bank is expanding its suite of items and services that presently offers customised business and investment banking items which includethat include amongst others project financing, term financing, working …