KUALA LUMPUR: FWD Takaful and MBSB Bank have entered a 10-year partnership to widen customer access to takaful solutions.
FWD Takaful Bhd said the strategic bancatakaful partnership with MBSB Bank Bhd, a full-fledged Islamic bank offering syariah-compliant products and services in Malaysia, would allow it to meet the diverse needs of the bank’s customers.
The preferred alliance enables MBSB Bank to expand its product offering, while giving FWD Takaful a wider platform to promote its takaful solutions.
FWD Takaful and MBSB Bank have also entered into a bancatakaful service agreement to promote and market takaful products offered by FWD Takaful.
The partnership also saw the launch of Takaful SmartGain, a family takaful savings plan that helps customers accumulate wealth over time while protecting what they have built.
FWD Malaysia’s Chief Executive Officer (CEO), Aman Chowla, said the partnership was a meaningful step towards expanding access to inclusive and customer-centric takaful solutions.
“By combining our digital innovation and protection expertise with MBSB’s strong ecosystem, we aim to deliver simple, affordable, and relevant protection to more Malaysians.
“Together, we are committed to empowering individuals and families to secure their financial future with confidence, while contributing to a more resilient and protected community,” he said.
MBSB Bhd Group’s CEO, Rafe Haneef, said the partnership brought together FWD Takaful’s product strength and MBSB Bank’s customer reach in a way that strengthened the overall customer offering.
He said it reinforced the wealth and protection proposition being built at MBSB Bank, while giving FWD Takaful a stronger platform to extend its solutions through a growing consumer franchise.
“The outcome is a more complete proposition for customers across wealth, protection and long-term planning,” he said.
