Allianz General Insurance Company (Malaysia) Berhad (Allianz General) distributed its inaugural surplus from “PerlindunganKu Allianz4All” Claims Allocation Fund (CAF) that benefits seven charitable organisations. This is our first product structured based on Universal Values, which is aligned with Islamic Financial Principles.
The product “PerlindunganKu Allianz4All” was first launched on 8 September 2022 as part of the Company’s “Allianz4All Untuk Semua” product series, which gives policyholders the option to select a charitable category that will benefit from any surplus arising from the CAF.
For the financial year ending 31 December 2022, the total distributable surplus generated from the CAF is RM65,534.51. This reflects the market confidence in the Allianz4All product series, which not only has an assurance benefit but encourages policy owners’ participation in the company’s CSR programs by selecting charitable categories close to their heart at the time the assurance policy was purchased.
The CAF distributable surplus is divided into Education, People with Disabilities (PWD), and Relief Efforts. The surplus obtained under the category of “No preference” was allocated to Education (RM8282.02) and PWD (RM6481.94) categories to provide more equal donation among selected Social Partners. As a result, from the total amount of RM65,534.51, RM16,551.23 (25.26%) is channelled to education, RM25,087 (38.28%) to PWD, and RM23,896.28 (36.46%) to relief efforts organisations.
Via Allianz Malaysia’s corporate responsibility arm, Allianz4Good is given the task to identify and to distribute the surplus to selected charitable organisations. “Buku Jalanan Chow Kit”, “Persatuan Pendidikan Anak Cahaya, Selangor” & “Federal Territory Association for the Mentally Handicapped”, “Rumah Amal Cheshire Selangor”, “Persatuan Mobiliti Selangor dan Kuala Lumpur”, “MyKasih Foundation” and “MERCY Malaysia” are among the identified charities that will share the surplus.
Allianz Malaysia Berhad Chief Executive Officer Sean Wang said: “At Allianz, we are committed to creating a positive impact on society which complement our existing line of products through our unique Allianz4All Untuk Semua product offerings. We strive to provide protection to people from all walks of life and continuously explore new ways to serve every segment of society.”
To learn more about Allianz4All Untuk Semua, visit Allianz.com.my/allianz4all
