Parkson Credit's Senior General Manager Mr. Danny Poh (Center Right) and Lion Insurance Company Limited’s General Manager Mr. Ray Goh (Rightmost) giving thumbs up during the product launch together with MPI Generali's Senior Vice President Mr. Choy You Kaa (Leftmost) and Chief Distribution Officer Mr. David Tan (Center Left).

New Venture into Insurance Business with Credit Protection

Kuala Lumpur, 24 January 2018 - Parkson Credit Sdn Bhd recently held a ceremony to mark its venture into the insurance business. The new product under its insurance business, IDEAL-Care, features a Personal Accident Insurance with Credit Protection Plan. The insurance is underwritten by MPI Generali.

Parkson Credit Senior General Manager, Mr Danny Poh who was present at the launch with MPI Generali Chief Distribution Officer Mr. David Tan said. “We are delighted to work together to bring this revolutionary product to our customers. Previously there are few such products which caters to protecting the owner’s ability to continue financing their asset that is their motorcycle.”

“The Credit Protection Plan safeguards the owner’s interest on their asset by continuing to pay for their monthly instalments should any unforeseen circumstances take away their ability to do so. It is our goal to provide peace of mind to this segment of customers while they are riding their motorcycle.

“So far the initial response has been extremely positive from our business partners and dealers. Early feedback suggests customers are acceptable with the product as well. Moving forward, we will be rolling out more groundbreaking products with our insurance partner MPI Generali to allow a certain level of protection and peace of mind to our customers”, he added.