Bank Islam Launch MicroTakaful For Gig Workers On Be U App

Bank Islam Launch MicroTakaful For Gig Workers On Be U App

Zurich Malaysia and Senang.io have just announced a new strategic partnership with Malaysia’s pioneering Islamic Bank, Bank Islam Malaysia Berhad (Bank Islam).

This partnership resulted in the delivery of takaful solutions through the Be U by Bank Islam app. Through this collaboration, a new inaugural product called “Microtakaful for Gig Workers” was unveiled.

Protection empowerment for gig workers

This product seeks to empower gig workers with comprehensive options like
– on-demand services
– medical coverage
– a user-friendly in-app claim management platform

These tailor made takaful services are specifically designed to fit in with the dynamic schedules and individual needs of the gig community.

“As the gig economy continues to grow, it is important that we cater to the protection needs of the participants. Together with our partners, we will create a brighter and more secure future,” said Shamsul Azman, Chief Executive Officer, Zurich General Takaful.

“Our technology platform facilitates the integration of multiple takaful products into a single, user-friendly application, making takaful accessible and straightforward for all users,” said Sharian Raj, Chief Executive Officer and founder of Senang.io.

Integrate the diverse range of takaful products

Senang.io offers state-of-the-art technology that is critical to delivering these groundbreaking takaful solutions.

The Be U By Bank Islam app will also seamlessly integrate the diverse range of takaful products, ensuring accessibility and simplicity for all users. 

Protection for a vulnerable segment of workers

“The new microtakaful offering, facilitated through OpenAPIs, seamlessly integrates gig work protection within the app, enabling users to conveniently access takaful add-ons and process claims directly through the platform.

“The inclusion of microtakaful solutions within the app enriches the gig economy, offering peace of mind and financial protection to a vulnerable segment of workers, making it easily accessible in times of unexpected challenges,” said Noor Farilla Abdullah, Bank Islam Group Chief Digital Officer.

Senang.io and Bank Islam have made it known that they have ambitious plans to introduce even more takaful products as part of the collaboration within the next three years. These forthcoming solutions will encompass a wide range of takaful coverage, catering to multiple population segments.

Get free weekly money tips!

*Free of charge. Unsubscribe anytime.