KUALA LUMPUR: Tenaga Nasional Bhd
‘s wholly-owned subsidiary TNBX Sdn Bhd is collaborating with Allianz General Insurance Company (Malaysia) Bhd and Anora Agency to supply residential solar photovoltaic (PV) insurance, SuriaShield.
In a joint assertion right now, the companions mentioned SuriaShield — a model collectively owned by TNBX and Anora — is an inexpensive insurance that gives a complete 360-degree safety, cashless restore and restoration, and earnings or financial savings compensation throughout system breakdown.
Under the tripartite collaboration settlement signed yesterday, Allianz General and Anora are to develop and underwrite SuriaShield for TNBX, an organization that offers options in renewable power and power effectivity for properties and companies.
TNBX managing director Nirinder Singh Johl mentioned the collaboration will pave the best way for a greater worth proposition to solar PV house owners, whereas offering full safety of the belongings.
“As extra individuals select solar-powered electrical energy, there’s a rising marketplace for solar insurance.
“TNBX is regularly striving to introduce new options to enhance buyer expertise and promote Malaysia’s renewable power development,” he mentioned.
Allianz General chief govt officer Sean Wang mentioned with TNBX, it now has entry to one more platform and the chance to serve a brand new buyer base.
“As insurers, we have now an necessary function to play in driving the adoption of renewable power and supporting the will to transform to solar energy,” he mentioned.
According to Anora chief govt officer Samuel Soon, the rolling out of SuriaShield is well timed to cater for current feed-in-tariff and growing web power metering take-ups.
In conjunction with the official launch of SuriaShield, TNBX, in collaboration with Anora, is giving free one-year RM10,000 private accident protection underwritten by Allianz General to the primary 1,000 clients. – Bernama
