RHB Insurance Berhad is providing relief to individual and SME policyholders affected by Covid-19 to ensure customers facing temporary financial difficulties continue to receive insurance protection, through its Premium Installment Scheme and Premium Relief Scheme.
Under Premium Installment Scheme, both existing and new policyholders under RHB Insurance who are affected by Covid-19 may apply to pay their insurance premiums, excluding motor insurance, in installments for up to six months.
This scheme is applicable for policies with due dates from March 18-Dec 31, 2020, and allows eligible policyholders, including SMEs, the flexibility to restructure their payments in three monthly installments or six monthly installments, without affecting their policy coverage.
Additionally, SME customers with insurance policy inception dates of between March 1, 2020 and Dec 31, 2020, can apply for additional relief in the form of premium discounts under the Premium Relief Scheme.
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