CIMB ISLAMIC AND SUN LIFE MALAYSIA TAKAFUL LAUNCH SUN SAVE INVEST TAKAFUL FOR FAMILIES’ LEGACY PLANNING

  As more private wealth moves across generations, affluent Malaysians are placing greater focus on how their wealth is preserved, structured and passed on.

 

CIMB Islamic Bank Berhad (“CIMB Islamic” or “the Bank”) and Sun Life Malaysia Takaful Berhad (“Sun Life Malaysia Takaful”) today unveiled Sun Save Invest Takaful, a Shariah-compliant investment-linked takaful plan designed to help affluent individuals grow and transfer wealth with greater clarity and purpose.

 

Sun Life’s Legacy Planning Survey 2025 highlights a widening readiness gap, with over two-thirds of Malaysian respondents (68%) fearing their wealth may not last beyond their children’s generation and 55% are worried that their heirs are not financially equipped to manage inherited assets. Additionally, Sun Life’s survey also revealed that only 25% of Malaysians are confident their children will uphold their wishes on wealth transfer and preserve their assets.

 

For Muslim families, Faraid guides the distribution of estate shares, while additional planning can help ensure beneficiaries receive support in a way that aligns with their future need. For non-Muslim families, structured wealth transfer often relies on trusts and estate planning arrangements that may be costly or complex to administer.

 

Within the framework of applicable laws, including Faraid principles and the nomination structure selected, Sun Save Invest Takaful offers an additional avenue for families seeking to determine not only who receives support, but also how and when it is provided through structured death benefit payouts.

 

Developed and managed by Sun Life Malaysia Takaful and exclusively distributed through CIMB Islamic, the plan features Legacy Inheritance & Family Empowerment (L.I.F.E.), which enables participants to determine how death benefits are distributed through the Death Settlement Option (DSO). Subject to criteria including minimum benefit amount and nomination type, participants may choose a lump-sum payout, staggered payments, or a combination of both, helping to align wealth distribution with beneficiaries’ future needs.

 

The plan also extends access to participants up to age 85 and stay protected until age 99, among the highest maximum entry ages in the market now. This offers affluent individuals and families who have yet to set legacy plans the opportunity to put structured protection in place.

 

Ahmad Shahriman Mohd Shariff, Chief Executive Officer of CIMB Islamic said,

“Our strong partnership with Sun Life Takaful Malaysia reflects a shared commitment to supporting the evolving financial needs of Malaysians. As more affluent families place greater emphasis on preserving wealth across generations, there is a growing need for solutions that not only support wealth accumulation but also help protect what matters most.

 

Sun Save Invest Takaful addresses this need by combining investment growth and built-in takaful protection in a single Shariah-compliant solution, designed to be simple and accessible. Through this plan, we aim to provide our clients with a well-rounded approach in building long-term financial resilience while ensuring their families are protected and provided for across generations, in line with CIMB’s purpose of advancing customers and society.”

 

Azam Yusof, Chief Executive Officer of Sun Life Malaysia Takaful, said, “Legacy planning should go beyond naming beneficiaries. The plan’s staggered payments feature allows participants to provide financial support progressively, so their loved ones can receive it when it matters most. This helps families plan wealth transfer in a more intentional way, giving participants greater confidence that their legacy will continue to serve its intended purpose.”

 

Key features of Sun Save Invest Takaful* at-a-glance:

 

Sun Save Invest Takaful also includes more features designed to support long-term financial security and legacy continuity:

 

Simplified enrolment with no medical underwriting or check-up required. (subject to eligibility criteria).

Comprehensive protection against death and total and permanent disability (TPD).

Short commitment, long-term protection, requiring only three years of contribution while providing protection up to age 99.

Full contribution allocation without any upfront charges to ensuring every contribution goes directly into the participant's selected funds.

Loyalty Rewards will be payable every eight contract years from the end of the eighth contract year until maturity.

Final Benefit, where participants receive the higher of the sum covered or total account value at maturity.

 

*Subject to the plan’s terms and conditions.