16 Jul 2026
New Shariah-compliant plan combines flexible Death Settlement Options with eligibility up to age 85 – among the highest entry ages in the market.
Kuala Lumpur, 16 July 2026 – 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% worried that their heirs are not financially equipped to manage inherited assets. The 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 needs. 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.), enabling participants to determine how death benefits are distributed through the Death Settlement Option (DSO). Subject to eligibility criteria, participants may choose a lump-sum payout, staggered payments or a combination of both, helping align wealth distribution with beneficiaries' future needs.
The plan also extends access to participants up to age 85 and provides protection until age 99, among the highest maximum entry ages currently available in the market. This offers affluent individuals and families who have yet to establish legacy plans an opportunity to put structured protection in place.
Ahmad Shahriman Mohd Shariff, Chief Executive Officer of CIMB Islamic, said, "Our strong partnership with Sun Life Malaysia Takaful 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 to 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*
Sun Save Invest Takaful includes additional features designed to support long-term financial security and legacy continuity:
*Subject to the plan's terms and conditions.
For more information, visit the nearest CIMB branch, speak to a CIMB Relationship Manager, or visit Sun Life Malaysia's website here.
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Sun Life Malaysia (Sun Life Malaysia Assurance Berhad and Sun Life Malaysia Takaful Berhad) is a joint venture between Sun Life Assurance Company of Canada and Khazanah Nasional Berhad.
As a life insurance provider and family takaful operator, Sun Life Malaysia offers a comprehensive range of products and services nationwide and is committed to helping clients achieve lifetime financial security and live healthier lives. Products are distributed through bancassurance, bancatakaful, agency force, direct marketing, telemarketing, corporate and government business, and e-distribution channels.
Sun Life Assurance Company of Canada is a principal operating life insurance subsidiary of Sun Life Financial Inc., a leading international financial services organisation providing insurance, wealth and asset management solutions to individual and corporate clients. Sun Life operates in Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of December 31, 2025, Sun Life had total assets under management of $1.60 trillion.
For more information, visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE), and Philippine (PSE) stock exchanges under the ticker symbol SLF.
For more information, visit www.sunlifemalaysia.com.