U Mobile and Sun Life Malaysia have partnered up to offer telco-assurance to U Mobile's over 5 million customers. This may include micro insurance at low premiums per month but these products are only set to be available from October 2017. Check back U Mobile's site then for more details.
"We believe that all our customers would want to have unlimited peace of mind during their time of need. As a start, we will be partnering with Sun Life Malaysia to offer microinsurance which provides necessary and adequate protection and low monthly premiums. Sun Life Malaysia not only shares our challenger mindset, but also has an extensive expertise in insurance product innovation that we can tap into. Together, we will be able to offer products that are suitable yet financially accessible." Wong Heang Tuck, CEO, U Mobile
"Sun Life Malaysia's vision is to provide lifetime financial security to more Malaysians through our multi-channel distribution strategy, and we have identified telco-assurance as a key digital channel. Today's partnership marks our foray into telco-assurance and we are very excited to offer microinsurance products that are cost-effective and accessible while also supporting our government's objective to achieve an insurance penetration rate of 75% by 2020." Raymond Liew, CEO and President / Country Head of Sun Life Malaysia.
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