Agrobank, firms spon­sor cov­er­age for dis­abled

New Straits Times - - Business / News -

KUALA LUMPUR: Agrobank Bhd, along­side par­tic­i­pat­ing lo­cal firms, have re­cently spon­sored 160 per­sons with dis­abil­i­ties in Sabah via its Agro Nurani Takaful pro­gramme, Malaysia’s first per­sonal takaful for per­sons with dis­abil­i­ties.

The re­cip­i­ents re­ceived spon­sor­ship of Agro Nurani Takaful per­sonal pro­tec­tion cards from Sabah­based firms, with the value of the cov­er­age amount­ing to RM2.02 mil­lion.

Agrobank pres­i­dent and chief ex­ec­u­tive of­fi­cer Datuk Wan Mohd Fadzmi Wan Oth­man said Agro Nurani went be­yond just cov­er­age as it also fed into Bank Ne­gara Malaysia’s ex­ist­ing Fi­nan­cial In­clu­sion Frame­work.

“We be­lieve that fi­nan­cial in­clu­sion is a pow­er­ful agent for

strong and in­clu­sive eco­nomic growth, as it em­pow­ers in­di­vid­u­als and the com­mu­nity to bet­ter their lives,” he told NST Busi­ness.

“One way to in­crease fi­nan­cial in­clu­sion is by pro­vid­ing ac­cess to a range of qual­ity fi­nan­cial ser­vices and fi­nanc­ing at af­ford­able and com­pet­i­tive rates.

“For ex­am­ple, the min­i­mum takaful con­tri­bu­tion for Agro Nurani is RM55 per an­num, which is af­ford­able to most,” he said.

Agro Nurani Takaful, which was launched ear­lier this year in col­lab­o­ra­tion with Takaful Ikhlas Bhd, is in line with the bank’s man­date to grow the agri­cul­ture in­dus­try and serve the un­served and un­der­served com­mu­nity.

“It is a chal­lenge for per­sons with dis­abil­i­ties to get takaful or in­sur­ance cov­er­age as they are con­sid­ered high-risk. As an agri­cul­ture-cen­tric de­vel­op­ment fi­nan­cial in­sti­tu­tion that cares for the un­der­served com­mu­nity, Agrobank in­tro­duced Agro Nurani,” said Wan Mohd Fadzmi.

“Agrobank also re­cently in­tro­duced a new pro­gramme to en­cour­age lo­cal com­pa­nies to ful­fil their cor­po­rate so­cial re­spon­si­bil­ity by spon­sor­ing per­sons with dis­abil­i­ties so that they can en­joy takaful pro­tec­tion. The pro­gramme in Sabah was the pi­lot for the project.”

Agro Nurani is a takaful pro­tec­tion scheme of­fered to per­sons with dis­abil­i­ties aged be­tween 16 and 65, and pro­vides a range of ben­e­fits, in­clud­ing cov­er­age for per­sonal ac­ci­dents, ac­ci­den­tal death, nat­u­ral death, med­i­cal treat­ment due to ac­ci­dents and hos­pi­tal al­lowance for in­juries caused by ac­ci­dents.

Datuk Wan Mohd Fadzmi Wan Oth­man

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