April 11, 2025 – Kuala Lumpur — Hong Leong Assurance (HLA) has unveiled a new insurance product, HLA Future Secured, designed to support Malaysians in planning for retirement and managing the increasing risks of aging, underinsurance, and long-term health conditions.
The policy offers financial protection with coverage of up to RM4 million (approximately USD 893,000) for individuals who become unable to perform Activities of Daily Living (ADLs) from the inception of the policy.
Starting at age 60, policyholders can access up to 70% of their sum assured upon fulfilling specific conditions. These include a minimum 10-day admission to the Intensive Care Unit (ICU), incurring hospitalisation costs exceeding RM70,000 (USD 15,633), or receiving a diagnosis of critical age-related illnesses such as stroke, dementia, or Parkinson’s disease.
HLA Group Managing Director and CEO Loh Guat Lan emphasized the plan’s role in supporting Malaysia’s “sandwich generation”—individuals simultaneously caring for elderly parents and young children while managing their own financial obligations.
“This product is a direct response to the pressing need for early planning and robust retirement coverage,” said Loh. “It ensures peace of mind and long-term financial security during the later stages of life.”
The launch of HLA Future Secured comes amid heightened awareness of Malaysia’s aging population and the growing demand for sustainable retirement solutions.
Exchange rate: USD 1 = RM 4.47
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