CIMB adds retirement planning to insurance solutions

This is through a partnership with Sun Life Malaysia.

CIMB launches Sun Income Secure, the bank’s latest addition to its insurance solutions developed by its bancassurance partner, Sun Life Malaysia Assurance Berhad. The regular premium investment-linked insurance and savings plan will cover protection, investment, and a guaranteed yearly income to facilitate retirement planning.

CIMB Group’s CEO of group consumer banking Samir Gupta said, “Sun Income Secure is yet another innovative solution that provides protection, investment and savings in one simple plan to help our customers achieve their dream retirement. This forms part of CIMB’s holistic offerings to support and forward all our clients’ financial dreams and ambitions, backed by a digital proposition to deliver a delightful customer banking experience.”

Insurance is part of CIMB’s holistic financial offerings based on its F.I.R.S.T. value proposition, which stands for Finance (loans), Insurance, Returns (investments), Save and Transact (credit and debit cards) to support its customers in every aspect of their financial planning.