KUALA LUMPUR (May 31): Manulife Insurance Bhd has launched Manulife SME Biz Solutions that provides customisable insurance protection for small and medium-sized enterprises (SMEs).
In a statement today, the company said the solutions are geared for the needs of SMEs and come at a critical time as Malaysia faces continuous challenges from the Covid-19 pandemic.
It said the solutions consist of four areas of coverage – key person protection, debt cancellation, business buy back and employee retention programme.
“These four areas target specific situations and challenges that are commonplace for SME business owners. The solutions offer cash protection, benefit pay-outs, lump-sum payments for losses and insurance coverage for employees,” it said.
Chief executive officer Vibha Coburn said Manulife SME Biz Solutions is effective and timely and can play a crucial role at times like these to keep businesses running smoothly.
“The solutions help minimise business disruption when the unexpected happens to key business partners and employees. We want to make every day better for SMEs to ensure they can sustain the growth of their business,” she said.
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