IBPO & FWD Insurance Partner to Embed Life Cover in Loan Products

IBPO Group Berhad, a pioneer fintech entity, has formed a strategic alliance with FWD Insurance Berhad to infuse life protection into its loan financing solutions. The partnership was consecrated at a Strategic Partnership Launch Ceremony led by Andy Lim, Founder & Group Managing Director of IBPO, and Mak See Sen, CEO of FWD Insurance.

Under this program, certain IBPO loan facilities such as the new Payday Financing and i-Bridge Financing will be accompanied by free life coverage with no underwriting queries. The plans shield customers' loved ones from unpaid loan obligations in case of death or disability.

“This collaboration is key to empowering individuals to make smart, secure money moves that support both their immediate goals and long-term stability. It allows customers to take on financing with maximum peace of mind.” said Andy Lim, Founder & Group Managing Director of IBPO

Key highlights:

• IBPO partners with FWD Insurance to offer free life protection with select loan products, including Payday and i-Bridge Financing
• RM100 million financing fund allocated; coverage up to RM500,000 with no underwriting questions
• Shariah-compliant solutions align with Bank Negara Malaysia’s 2022–2026 Financial Sector Blueprint for inclusive, tech-driven finance

Mak See Sen, CEO of FWD Insurance added, “By embedding protection seamlessly into everyday financial solutions, we’re delivering convenience and peace of mind. This is a powerful step in making insurance simpler, more accessible, and meaningful.”

Also Read: Asia's Top 10 Investment Hotspots in 2025: Where to Put Your Money

The Shariah-compliant Payday Financing provides interest-free advances for urgent expenses, whereas i-Bridge Financing offers short-term cash flow funding to homeowners, SMEs, and sellers of properties for long-term bank disbursement.

Aligned with Bank Negara Malaysia's Financial Sector Blueprint 2022–2026, the collaboration comprises RM100 million of reserved financing, with individual insurance schemes beginning from RM8.10 monthly. Coverage is offered up to RM500,000, including death, TPD, accidental death, hospitalisation, and critical illness benefits.