KUALA LUMPUR: Allianz General Insurance Company (M) Bhd has signed a memorandum of understanding (MoU) with the Malaysian Youth Council (MYC) to support the government’s efforts in increasing social protection among B40 youths.

       In a statement Friday, Allianz said the MoU underlined a shared commitment in encouraging B40 youth to take up the Allianz PerlindunganKu by Allianz General under the government’s Perlindungan Tenang, affordable insurance plans banner.

       Through this collaboration, youths eligible for the Perlindungan Tenang Voucher (PTV) will be encouraged to use their vouchers to purchase the Allianz PerlindunganKu policy.

       “Our youths must realise that having adequate insurance protection is about having financial and social resilience. Everybody deserves to be protected, and getting protection is like investing in yourself. They should ask themselves, ‘Am I worth this investment?” Allianz General chief executive officer Sean Wang said.

       “Through this partnership with the Malaysian Youth Council and with our Allianz PerlindunganKu product, we want our youths to see that protection is not a perk but a very attainable safety net that can safeguard them against some of life’s unexpected events,” he added.

       Both Allianz General and MYC target to have 500,000 youths from the B40 group registered with MYC to redeem the PTV for an Allianz PerlindunganKu policy.

       For more information, visit allianz.com.my.