CIMB Bank Berhad has introduced a pioneering salary account that includes complimentary Takaful protection, aiming to bolster financial resilience among Malaysia’s workforce. This innovative offering, part of the CIMB@Work programme, provides salaried individuals with up to RM200,000 in Takaful coverage for 36 critical illnesses, including cancer and heart attack, without additional costs or administrative hurdles.
The Takaful protection, underwritten by Sun Life Malaysia Takaful Berhad, also covers death and total and permanent disability. Account holders must maintain a monthly average balance of at least $530 (RM2,500) to qualify and sustain coverage. Notably, no health screening is required, except for pre-existing conditions.
Steven Sim Chee Keong, Malaysia’s Minister of Entrepreneur Development and Cooperatives, highlighted the initiative’s potential impact on small and medium enterprises (SMEs), which employ nearly half of Malaysia’s workforce. “The CIMB@Work programme is expected to benefit SMEs and their employees by providing accessible and practical financial protection,” he stated.
CIMB’s Group Consumer Banking CEO, Haniz Nazlan, emphasised the bank’s commitment to customer-centric innovation. “The CIMB Salary Account empowers Malaysian employees to build structured financial protection through their salary accounts in a simple, affordable, and transparent way,” he said.
In addition to Takaful coverage, eligible users can enjoy lower credit card qualification requirements and reduced financing rates. The launch includes a limited-time promotion doubling Takaful coverage for critical illnesses from May to July 2026.
