//Manulife Malaysia launches Manulife SME Biz Solutions to financially protect small businesses

Manulife Malaysia launches Manulife SME Biz Solutions to financially protect small businesses

Source: Manulife, 31 May 2021

Manulife Insurance Berhad (MIB) recently launched Manulife SME Biz Solutions, which provides customisable insurance offering protection against some of the more typical situations and challenges faced by owners of small and medium-sized enterprises (SMEs).

Manulife SME Biz Solutions is specifically geared for the needs of SMEs and comes at a critical time as Malaysia faces continuous challenges from the COVID-19 pandemic. The competitive nature and fine margins of most SMEs’ businesses can leave them vulnerable to cash flow and debt issues, employee retention challenges, accidents and health issues, and other unforeseen events, all of which have been exacerbated by the pandemic. Manulife’s new insurance solution provides protection to support SMEs in such situations.

Manulife SME Biz Solutions consists of four types of solutions: 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.

“Manulife SME Biz Solutions is an effective and timely business solution. It 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,” said Vibha Coburn, Chief Executive Officer of MIB.

In line with the launch of Manulife SME Biz Solutions, MIB has a SME Cashback Campaign that offers up to RM3,888 to policy owners. The campaign runs from 17 May to 30 June 2021. More details on the campaign can be found here: https://www.manulife.com.my/en/individual/campaigns/sme-cashback-campaign.