RHB Launches RWA, MSIE To Strengthen Financial Well-being

KUALA LUMPUR, April 3 (Bernama) -- RHB Banking Group is reinforcing its commitment to enhancing customers’ financial well-being with the launch of RHB Wealth Advance (RWA) and Takaful mySmart Income Enhanced (MSIE).

In a statement today, it said both wealth and protection solutions are developed in collaboration with RHB’s bancassurance and bancatakaful partners, Tokio Marine Life Insurance Malaysia Bhd and Syarikat Takaful Malaysia Keluarga Bhd, respectively.

“RWA is a flexible protection and investment solution that supports wealth accumulation and intergenerational wealth transfer. It features short premium commitment options of three, five or eight years and protection coverage up to age 128.

“RWA offers guaranteed acceptance up to age 75, with no health questionnaire required, and also features a 100 per cent allocation rate for basic premiums from the first year,” it said. 

It added that the features provide access to a diversified range of investment funds, and offer enhanced protection benefits, including coverage of up to 200 per cent of total premiums paid, with additional benefits for accidental death events.

Meanwhile, RHB said MSIE, a Shariah-compliant family takaful solution distributed through RHB Islamic Bank Bhd offers guaranteed yearly income alongside financial protection in the event of death or total and permanent disability, including enhanced coverage of up to 500 per cent of the sum covered for accidental death.

“Contribution payment terms are as low as three years, while coverage is provided up to 20 years.

“Additional features include periodic Cash Booster Benefits and maturity payouts based on accumulated savings and investment performance,” it said.

It added that the plan also facilitates seamless wealth distribution through Hibah Takaful.

RHB's managing director of group community banking, Ng Eow Oo said today’s customers are looking beyond returns, seeking solutions that enable them to grow, protect, and eventually transfer their wealth with confidence.

“With RWA and MSIE, we continue to innovate and help them achieve these objectives while offering two distinct yet complementary pathways that cater to different financial priorities, risk appetites, and life stages,” he added.

-- BERNAMA