Topik: MAA Takaful, Takaful perubatan, The Star on Jul 29th, 2008 Comments Off
Source: The Star, 29th July 2008
MAA Takaful Bhd, the latest entrant into the takaful market, has launched what is believed to be the industry’s first standalone comprehensive cancer plan that covers all forms of cancer.
Called MAA Takaful CancerCare, the scheme offers benefits at both early and advanced stages of cancer.
Chief executive officer Salim Majid Zain said: “The plan is the first of its kind in the takaful industry. Apart from that, it is unique in that it pays out the benefits at the first stage of cancer for 10 gender-specific cancers to assist the policyholder in seeking the necessary treatment. These gender-specific cancers are common cancers.
“This day and age, no one can say for sure that cancer can be avoided. But with medical advances, it is possible to diagnose most forms of cancer early. That is why our focus is to ensure the survival of our policyholders.”
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Topik: Business Times, MAA Takaful on Mar 24th, 2008 Comments Off
Source: Business Times, 24 March 2008
MAA Holdings Bhd (MAAH) has offered AmAssurance Bhd 10 per cent of its Islamic insurance arm as part of a bigger deal to sell its general insurance business, a source said.
“MAAH has been reeling from solvency issues that turned the company into the red last year. Offering a minor stake in MAA Takaful Bhd (MAAT) would sweeten the deal for AmAssurance,” the source said.
AMMB Holdings Bhd holds 70 per cent of AmAssurance and a similar stake in AmG Insurance Bhd, the group’s general business arm.
MAAH plans to sell its general insurance business to AmG Insurance.
For AMMB, having an Islamic insurance arm would complement its existing Islamic banking business.
Last Tuesday, the central bank gave its nod for talks that could lead to AmAssurance buying a stake in MAAT.
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Topik: MAA Takaful, The Edge Daily on Mar 19th, 2008 Comments Off
Source: The Edge Daily, 19 Mac 2008
KUALA LUMPUR: MAA Holdings Bhd has received the go-ahead from the central bank to begin negotiations with AmAssurance Bhd to sell a stake in wholly owned takaful insurance arm MAA Takaful Bhd.
MAA yesterday said that Bank Negara had in a letter dated March 10 given it the green light to commence negotiations with AmAssurance regarding the sale of stake in MAA Takaful.
In a separate announcement to Bursa Malaysia yesterday, AMMB Holdings Bhd said that AmAssurance would commence discussions for the acquisition of an equity stake in MAA Takaful. However, no details were made on the level of equity stake involved.
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