PRIVACY POLICY - B Wealth Solution
 

PRIVACY POLICY

Personal information strictly in accordance with the Personal Data Protection Act 2010, other related legislation the Company’s and/or its Group’s own strict internal policy.

 

When apply for, update, modify or renew an insurance policy, the personal information including policy information, financial information and Sensitive Personal Data pertaining to you “Personal Data” will  collected held on computer and/or in documents used disclosed and otherwise processed by the Company and its employees, representatives, reinsurers and affiliates to facilitate the performance and administration of the Company’s functions as a Financial Adviser Firm.

 

The Personal Data in relation to customer may include copies and other details of identity documents, proof of address and other contact details, information concerning age, marital status, creditworthiness, physical or mental health or medical condition.

 

The Company may obtain your Personal Data from other sources, such as bureaus or financial firms established or to be established by regulatory authorities, operators of registers or databases available to the insurance industry, government departments, financial firms or authorities, any party who has, does or will provide products or services to you and to whom you have granted consent, our commercial partners, financial adviser representative, reinsurers, third party administrators and/or service providers, other insurance companies, your attending doctors, hospitals, clinics, other medical professionals, facilities, facilities, or pharmacies, laboratories, your lawyers, financial adviser representatives, proposed assignees, group policyholders, benefit plan administrators and employer, or related persons or organizations where such information would be essential for the purposes stated herein.

Customer Personal Data will be collected, used and otherwise processed by the Company for the following purposes :

  1. To better understand your insurance situation, provide quotes, enter into and execute your insurance contract, and to set up and administer your policy
  2. For underwriting, risk assessment, handling and settling of claims and audit purposes
  3. For detection and prevention of criminal activity or fraud in connection with an insurance transaction
  4. To manage and service the Company’s relationship with you and provide you with better customer services by the Company and/or its Group
  5. To maintain and develop our business systems and infrastructure.
  6. For data transfer, and sharing with, the Company and its Group and/or third parties acting on behalf, including those located outside Malaysia.

The Company may share customer Personal Data with customer employer and its representatives and affiliate (where, for example, you are insured under a group insurance policy obtained through your employer), other insurers, brokers, credit organizations, underwriters, reinsurers, group policyholders, benefit plan administrators, those to whom the Company outsource certain business operations, commercial partners of the Company, regulatory authorities, bureaus or financial firm established or to be established by regulatory authorities, operators of registers or databases available to the insurance industry, professionals working on behalf of the Company and/or its Group such as loss adjusters, lawyers, auditors, persons conducting actuarial or research studies, accountants, consultants, surveyors, external claims data collectors, investigators and medical professionals, and any other contractors or sub-contractors as required or permitted by law or as we may determine to be necessary or appropriate.

 

Where the Company considers it necessary or appropriate for the purposes of data storage or processing or human resource management, the Company may transfer your Personal Data to another member of the Group or third-party service or product providers within or outside Malaysia, under conditions of confidentiality and similar levels of security safeguards.

 

Customer have the right to request in writing, access to and correction of your Personal Data held by the Company and you may make any enquiries or complaints in respect of customer personal Data contacting the company’s Compliance manager/Officer.

 

When customer give the Company information about another person, customer confirm that they have appointed the act for them, to consent to the processing of their personal data and to receive on their behalf, any data privacy notices In certain cases, B Wealth Solution Financial Sdn Bhd may also share your information with a third party outside its financial group for marketing purposes provided always that you have expressly consented to our doing so. Please indicate below if you consent to such disclosure.