KUALA LUMPUR, Oct 22 (Bernama) – AXA Affin General Insurance Bhd in partnership with Merchantrade Asia Sdn Bhd have insured more than 13,000 migrant workers with Merchantrade Insure plan.
This insurance protection plan for migrant workers, launched last May, offers a claims payout directly to their beneficiaries.
AXA chief executive officer, Emmanuel Nivet said within five months from its launch, the corresponding total sum insured had already exceeded RM100 million.
“This milestone speaks volume about our purpose to empower people to live a better life via financial inclusion, but more importantly, it exemplifies our ongoing commitment in bridging the protection gap among the underserved.
“We at AXA hope to do our part by raising awareness of the importance of protection, and ensuring adequate protection for the migrants and their loved ones. Together with our strong partner Merchantrade, we will remain committed to extending protection to this segment.” Nivet said in a statement today.
Merchantrade Insure is underwritten by AXA and distributed exclusively by Merchantrade. The benefits include a payout of RM9,000 for accidental death or total permanent disability, and RM50 per day (for a total of RM1,000) for hospitalisation due to an accident.
Merchantrade Insure is now available at 83 Merchantrade branches nationwide. For details, visit www.mtradeasia.com or contact a nearby branch.
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