CIMB launches first-of-its-kind Salary Account; includes complimentary Takaful protection up to RM200,000

^{(From left) YB Steven Sim, Minister of Entrepreneur Development and Cooperatives and Haniz Nazlan, CEO of CIMB Group Consumer Banking at the launch of the new CIMB Salary Account with complimentary Takaful protection.}


KUALA LUMPUR, May 7 (Bernama) -- CIMB Bank Berhad (“CIMB” or “the Bank”) has launched a first-of-its-kind salary account linked with complimentary Takaful coverage under its CIMB@Work programme (“the Programme”), reinforcing its commitment towards encouraging financial resilience among the Malaysian workforce. The Bank is offering salaried individuals practical and accessible ways to extend meaningful financial protection benefits without additional payment or administrative complexity through the programme.

The new CIMB Salary Account provides Takaful protection of up to RM200,000 covering 36 critical illnesses, including cancer, heart attack, Alzheimer’s disease, stroke, and kidney failure, and more. The Takaful protection also includes coverage for Death and Total and Permanent Disability (“TPD”). No health screening or health declaration is required, except for exclusions relating to pre-existing conditions, providing easy enrolment with no contribution payments. To be eligible for the Takaful protection, the account holder needs to maintain a monthly average balance (“MAB”) of at least RM2,500 to initiate protection, and an MAB at or above this threshold to remain protected. The Takaful coverage is underwritten by Sun Life Malaysia Takaful Berhad, a bancassurance partner of CIMB.

Steven Sim Chee Keong, Minister of Entrepreneur Development and Cooperatives of Malaysia, who was present at the launch, said, “Businesses, in particular SMEs, are an important stakeholder in nation building as SMEs employ nearly half of the total workforce in Malaysia. We welcome the private sector playing its role in offering programmes that bring meaningful impact to this important sector. The CIMB@Work programme, through its latest offering of providing Takaful protection with the CIMB Salary Account is expected to benefit SMEs and their employees, by providing accessible and practical financial protection. Initiatives like these demonstrate how corporates can play a vital role in complementing the government’s efforts, delivering better, more sustainable outcomes for businesses which want to provide a social safety net for employees.”

Haniz Nazlan, Chief Executive Officer, Group Consumer Banking, CIMB said, “With the CIMB Salary Account, we are simplifying access to protection for account holders by embedding Takaful coverage directly into their salary accounts. At CIMB, we continue to prioritise our customers and strive to provide them with value-added services and best-in-class experiences at all touchpoints while pursuing innovation in our offerings. The CIMB Salary Account with its numerous benefits empowers Malaysian employees to build structured financial protection through their salary accounts in a way that is simple, affordable and transparent, in line with our purpose of Advancing Customers and Society.” 

Aside from the complimentary Takaful coverage from the new CIMB Salary Account, eligible customers will continue to enjoy CIMB@Work programme benefits which include lowered entry requirements for selected credit cards and lower financing rates for Personal Financing, Home Financing and Term Financing-i Secured by ASB Certificate.

Despite Malaysia’s growing workforce, its population remains underserved when it comes to insurance and protection. It is estimated that only 40-50% of Malaysians have life protection, and many are deemed to have inadequate levels of coverage against life shocks, serious illnesses and death¹.

Against this backdrop, the CIMB Salary Account is designed to integrate Takaful protection seamlessly into everyday banking, providing a clear and straightforward path to increasing financial protection and resilience amongst working individuals.

In conjunction with the launch of the CIMB Salary Account, CIMB will extend a time-limited exclusive offer to eligible customers to effectively double the Takaful coverage amount they receive for Critical Illness. This offer will be available from May to July 2026, during which eligible customers who open a CIMB Salary Account will be entitled to the additional complimentary coverage for a period of one (1) year, subject to relevant terms and conditions.

In addition, account holders who wish to further enhance their protection levels have the option to purchase up to RM300,000 additional Critical Illness and Death coverage directly from Sun Life Malaysia Takaful Berhad. This exclusive, online-only offering is available from July to December 2026, and requires no medical underwriting, subject to exclusions relating to pre-existing conditions and relevant terms and conditions.

To be eligible for the CIMB Salary Account, account holders must be between 18 to 69 years old, with their salary credited into the account. For further information, customers can visit https://www.cimb.com.my/cimbsalary. Terms and conditions apply. 

¹ Keynote Address by Bank Negara Malaysia Deputy Governor at Life Insurance Association of Malaysia (LIAM) event in August 2024

About CIMB

CIMB is one of ASEAN’s leading banking groups and Malaysia’s second largest financial services provider, by assets. Listed on Bursa Malaysia via CIMB Group Holdings Berhad, it had a market capitalisation of approximately RM89.0 billion as at 31 December 2025. It offers consumer banking, commercial banking, wholesale banking, transaction banking, Islamic banking and asset management products and services. Headquartered in Kuala Lumpur, the Group is present across ASEAN in Malaysia, Indonesia, Singapore, Thailand, Cambodia, Vietnam and the Philippines.

Beyond ASEAN, the Group has market presence in China, Hong Kong and UK. CIMB has one of the most extensive retail branch networks in ASEAN with 542 branches and over 33,000 employees as at 31 March 2026. CIMB’s investment banking arm is one of the largest Asia Pacific-based investment banks, which together with its award-winning treasury & markets and corporate banking units comprise the Group’s leading wholesale banking franchise. CIMB is also the 91.45% shareholder of Bank CIMB Niaga in Indonesia, and 94.83% shareholder of CIMB Thai in Thailand.

SOURCE: CIMB

FOR MORE INFORMATION, PLEASE CONTACT: 
Name: Anis Azharuddin / Kelvin Jude Muthu
Group Corporate Communications
CIMB Group Holdings Berhad
Email: anis.azharuddin@cimb.com / kelvinjude.muthu@cimb.com

--BERNAMA