Takaful Ikhlas eyes RM2mil premiums from big bike product
Apr 23rd, 2009 by Takaful
Source: The Star, 23rd April 2009
Takaful Ikhlas Sdn Bhd, a subsidiary of MNRB Holdings Bhd, is targeting RM2mil in premiums from its new product – Ikhlas Big Bike Takaful – in the financial year ending March 31, 2010.
President and chief executive officer Syed Moheeb Syed Kamarulzaman said the company had decided to target the product at big bike riders as there was renewed interest in biking in Malaysia following the economic crisis.
“Statistics from the Road Transport Department show there are about 9,000 big bikes in the country and we want to tap the market,’’ Syed Moheeb told a press conference after the product launch yesterday.
He said the Takaful insurance coverage would be opened to owners of superbikes of 500cc and above. Under its comprehensive plan, bike owners will be compensated in the event of loss of life or damage to the machines due to accident or theft.
Syed Moheeb said policy-holders would also enjoy assistance in case of any breakdown without additional charges unlike conventional motorbike insurance coverage.
“Our survey showed that most of these big bike owners are businessmen and they need specially-tailored coverage for themselves and their machines,’’ he said, adding that contrary to popular belief, these bikers were well disciplined while on the road.