RHB, TOKIO MARINE LIFE AND TAKAFUL MALAYSIA FORGE LONG TERM EXCLUSIVE BANCA PARTNERSHIPS

KUALA LUMPUR, Malaysia, Aug. 4, 2025 /PRNewswire/ -- RHB Banking Group ("RHB" or the "Group") entered into bancassurance and bancatakaful partnerships with Tokio Marine Life Insurance Malaysia Bhd. ("Tokio Marine Life") and its takaful partners - Syarikat Takaful Malaysia Keluarga Berhad ("STMKB"), and its wholly owned subsidiary, Syarikat Takaful Malaysia Am Berhad ("STMAB") (collectively referred to as "Takaful Malaysia"). These partnerships are formalised through separate Distribution Agreements - between RHB Bank and Tokio Marine Life, and between RHB Islamic and Takaful Malaysia, as well as the Framework Agreement entered into by all parties.

Under the Distribution Agreements, RHB will exclusively sell, distribute, market and promote the conventional life insurance products, the family takaful products and the general takaful products developed by Tokio Marine Life and Takaful Malaysia, in Malaysia. The Framework Agreement is entered into as part of the overall joint operating and governance framework for the banca partnerships.

The exclusive Distribution Agreements will be for a period of 20 years commencing 1 August 2025, at a Total Access Fee payable to RHB of up to RM1.6 billion. The Total Access Fee reflects the projected insurance and takaful business volume that RHB is expected to generate over the tenure of the Distribution Agreements, including anticipated sales of products through RHB's network of branches and digital channels. These will contribute positively to the Group's profit before tax.

Dato' Mohd Rashid Mohamad, Group Managing Director/Group Chief Executive Officer of RHB Banking Group said, "This long term and exclusive banca partnerships reinforces our commitment to staying relevant to our customers, diversifying our income streams and driving sustainable long-term growth. By deepening our collaboration, we are able to deliver tailored financial solutions, enhance customer experience and unlock meaningful value for RHB as well as our banca partners. This aligns with our PROGRESS27 strategic priorities, which is already in motion, enabling us to deliver broader value to our stakeholders while driving our non-interest income streams."

"This reflects the strength, resilience and maturity of our partnership. One that we have built over the years of collaboration and shared ambition. We are confident that this next chapter will see us deliver even greater value to the community, combining Tokio Marine's global insurance expertise with RHB's local reach and customer trust," said Toi See Jong, Chief Executive Officer of Tokio Marine Life Insurance Malaysia Bhd.

Additionally, Nor Azman Zainal, Group Chief Executive Officer of Takaful Malaysia said, "This collaboration positions us to scale our takaful offerings and broaden our footprint within the Islamic financial ecosystem. It reflects our ongoing commitment to making ethical, Shariah-compliant protection more accessible to a wider base of consumers across our key markets."

The product portfolio will continue to evolve in response to customer needs and emerging market trends.

Issued on behalf of RHB Bank Berhad by the Corporate Communications & Media Relations division.

For media enquiries, please contact Nishanthi Palani at nishanthi.palani@rhbgroup.com / 012-420 0812 or Joanne Lim at joanne.lim@rhbgroup.com / 012-304 7604

Customers may call our Customer Contact Centre at 03–9206 8118 for enquiries on RHB's products and services.

About RHB Banking Group

RHB Banking Group is one of Malaysia's longest-standing and leading financial institutions, with a proud heritage spanning over a century. Headquartered in Kuala Lumpur, Malaysia, the Group has a strong presence across seven ASEAN markets and is powered by a workforce of over 13,000 employees. United by a common purpose – Together We Progress – RHB is committed to empowering individuals, businesses and communities to grow and progress together.

As a fully integrated financial group, our core businesses are structured into six key pillars: Group Community Banking, Group Corporate & Business Banking, Group Wholesale Banking, Group Shariah Business, Group International Business and Group Insurance. We offer comprehensive and innovative financial solutions through RHB Bank Berhad and our key subsidiaries: RHB Investment Bank Berhad, RHB Islamic Bank Berhad, and RHB Insurance Berhad. Our asset management and unit trust businesses are undertaken by RHB Asset Management Sdn. Bhd. and RHB Islamic International Asset Management Berhad.

RHB Bank Berhad is listed on Bursa Malaysia with a market capitalisation of RM27 billion (as at 30 July 2025).

Guided by our purpose, RHB is focused on delivering meaningful and sustainable value by driving innovation, fostering inclusive growth, and strengthening long-term resilience to meet the evolving needs of our customers, communities, and the broader financial ecosystem.

For more information, please visit www.rhbgroup.com.

Malaysia | Singapore | Indonesia | Thailand | Brunei | Cambodia | Lao PDR

About Tokio Marine Life Insurance Malaysia Bhd.

Tokio Marine Life Insurance Malaysia Bhd. ("TMLM") has over 75 years of presence in Malaysia and is financially strong with total assets of over RM12 billion**. Today, Tokio Marine Life is a member of Tokio Marine Group in Japan with more than 43,000 employees worldwide and operates in 45 countries and regions. The core company of Tokio Marine Group, Tokio Marine Nichido Fire is financially strong with net asset worth JPY 3,208,837 million+ and Tokio Marine Holdings with net asset worth JPY 5,103,545 million+ (consolidated) has a credit rating⁺ of A+ by Standard and Poor's, Aa3 by Moody's and A++ (Stable) by A.M. Best.

**As of 31 December 2024

⁺As of March 2025

**As of 31 December 2024

⁺As of March 2025

 

For more information, please visit www.tokiomarine.com

For media inquiries, please contact our Corporate Communications & Advertising department at: communications@tokiomarinelife.com.my

About Takaful Malaysia

Syarikat Takaful Malaysia Berhad ("STMB") was incorporated on 29 November 1984. In accordance with the Islamic Financial Services Act 2013 ("IFSA"), STMB separated its composite license into two (2) licensed entities on 1 June 2018. STMB, now known as Syarikat Takaful Malaysia Keluarga Berhad ("Takaful Malaysia" or "Takaful Malaysia Keluarga") manages the Family Takaful business whilst Syarikat Takaful Malaysia Am Berhad ("Takaful Malaysia Am") manages the General Takaful business. Takaful Malaysia Keluarga is the holding company and owns 100% of Takaful Malaysia Am, and the Company has a share capital of RM357.87 million with total assets of RM17.2 billion at the Group level as at 31 March 2025. Both companies operate through the Takaful Malaysia brand with a combined network of branches in 23 locations nationwide. 

For media enquiries, please contact Firdaus Nasir at firdaus.nasir@takaful-malaysia.com.my / 012-295 1081.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

RHB, TOKIO MARINE LIFE AND TAKAFUL MALAYSIA FORGE LONG TERM EXCLUSIVE BANCA PARTNERSHIPS

Featuring four distinct control modes, app-controlled 10-color RGB LED lighting, and an internal emergency escape mechanism, the SmartSlide sets a new benchmark for safety and usability in the aftermarket truck bed category

DALLAS, May 14, 2026 /PRNewswire/ -- Wolfbox, a leader in off-road dash cams and electronic automotive accessories, has launched the SmartSlide electric sliding tonneau cover, the newest addition to the brand's growing auto accessories lineup. Designed for outdoor enthusiasts and everyday truck drivers, SmartSlide delivers a versatile multi-mode control system, app-controlled 10-color RGB LED lighting, and an easily accessible internal emergency escape mechanism.

A tonneau cover is a truck bed cover that protects contents from weather and theft, and as an aftermarket product has conventionally been a simple, functional add-on. With SmartSlide, Wolfbox has created an advanced user-centric system that integrates automation, safety and real-world usability to make it easier to secure and access truck cargo.

SmartSlide is compatible with a wide range of popular truck models—including the Ford F-150, Raptor, Lightning and Maverick; Chevrolet Silverado 1500; GMC Sierra 1500; Toyota Tacoma and Tundra; and Ram 1500—and more vehicle compatibility is in the pipeline.

A New Safety and Control Standard for Tonneau Covers

SmartSlide is engineered for flexibility and ease of use, featuring one of the most versatile multi-mode control systems available in a tonneau cover. Drivers can open and close the tonneau cover via four distinct control methods:

• App-based control for remote access
• Dedicated key fob remote
• Physical side-mounted buttons
• Manual override for fail-safe reliability

The open-close system is fully electric, offering more consistent operation than manual covers. With precise, repeatable sealing and locking every time, SmartSlide ensures cargo remains protected and secure without requiring the driver to repeatedly adjust the locking mechanism. This "set and forget" approach gives drivers consistent confidence in the security of their truck bed at all times.

A standout safety feature of SmartSlide is the emergency escape button located on the inside of the truck bed. This safeguard ensures occupants can always open the cover from inside the bed—an important consideration for enclosed cargo scenarios. While other tonneau covers are focused solely on securing cargo, Wolfbox sets a new safety standard for aftermarket truck bed systems.

Engineered for the Real Outdoors

SmartSlide is built to withstand the demanding conditions found across North America. The tonneau cover is engineered to operate in extreme temperatures ranging from -22 to 185°F (-30 to 85°C). The system features an IP56-rated waterproof motor, automotive-grade sealing components, a built-in drainage system, and a full-perimeter sealing design to help protect against rain, snow and dust.

An intelligent obstacle detection system adds an additional layer of protection by halting operation if resistance such as ice buildup is detected, while high-density self-cleaning brushes automatically sweep away dust and debris as the cover operates.

Beyond protecting the contents of the truck bed, SmartSlide is also designed to support weight. Constructed from 6063-T5 aluminum alloy, SmartSlide has an impressive 800-pound (362 kg) static load capacity. This allows the tonneau cover to support demanding use cases such as mounting rooftop tents, cargo carriers and overlanding equipment. To top it all off, integrated T-slot side rails allow for seamless accessory attachment without drilling—enabling users to expand their setup into a fully modular cargo system.

To make cargo management easier at night, Wolfbox added 10-color RGB ED ambient lighting in SmartSlide—a first for tonneau covers. The nifty mobile app lets users switch between task lighting for loading and unloading gear and ambient atmosphere lighting at campsites.

The Wolfbox SmartSlide is now available through the official Wolfbox website for auto gear and Amazon at just $1,999.99 (originally $2,399).

For more information on Wolfbox auto accessories, visit gears.wolfbox.com or the Wolfbox Amazon storefront.

About Wolfbox

Founded in 2019, Wolfbox is a leading brand in automotive electronics that specializes in advanced smart mirrors and dash cams, as well as other auto accessories such as jump starters, tire inflators and deflators, 2-in-1 starter and compressors, and more. Wolfbox has served over 800,000 drivers in 89 countries, and continues to innovate for the auto accessories market with high-tech automotive gadgets and electronics for tech-savvy consumers and outdoor activity enthusiasts.

For more information, visit wolfbox.com and gears.wolfbox.com.

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Wolfbox SmartSlide Brings Versatile Multi-Mode Control and Enhanced Safety to Electric Tonneau Covers