Takaful Malaysia aims to be largest Takaful player
Jun 22nd, 2009 by 1takaful
Source: Bernama, 22nd June 2009
Syarikat Takaful Malaysia Bhd (Takaful Malaysia), which has RM4 billion in assets, aims to be the largest takaful insurer in the country in terms of assets within two years.
Group managing director, Datuk Hassan Kamil, said Takaful Malaysia, which has 400,000 policyholders, was in second position after Etiqa Takaful Bhd.
He said the company hoped to sign up at least 10 percent more policyholders within a year of the launch of the one-stop Takaful myDesk in collaboration with Lembaga Tabung Haji.
“Through the Takaful myDesk, the company also hopes to achieve approximately RM1 million worth of contributions, also within the first year of operations,” he told reporters after the launch of Takaful myDesk here Monday.
Hassan said the contributions were expected to be much higher because the customers could also renew their motor policies, buy Takaful mySiswa (education plan) and Takaful myRawat (health insurance in preparation for them to go on haj).
He said the collaboration would also boost its presence with the establishment of Takaful myDesk at selected Tabung Haji (TH) branches nationwide in addition to its present 56 branches.
The TH branches are in Jalan Tun Razak (Kuala Lumpur), Penang, Pasir Puteh (Kelantan), Bagan Serai (Perak), Kuala Pilah (Negeri Sembilan), Kota Tinggi (Johor) and Bentong (Pahang), he said.
“It’s a cost-effective distribution network. The partnership allows us to market our products through TH branches,” he said.
Under the agreement, Hassan said, Takaful Malaysia would provide facilities such as computers, while TH the space to set up Takaful myDesk.
“We have been studying this proposal for the last six months where we actually identify together with TH the locations where we feel will have the maximum impact,” he said.
Hassan said the set-up of MyDesk would be in stages. The TH Jalan Tun Razak branch started operation on June 1 while the Penang branch will commence on Aug 3.
“Hopefully in the next six months we will be able to cover all the locations,” he said.
He said the cost was minimal because technically, what was needed was a computer and the connectivity.
“So, the person sitting at the desk will be online with our takaful system at the head office.
“They can actually issue the certificate and receipts on the spot,” he said.