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Source: The Star, 22nd July 2008

Takaful Ikhlas Sdn Bhd will open a branch office in Putrajaya soon, its vice executive chairman and chief operating officer Wan Mohd Fadzlullah Wan Abdullah said yesterday.

Prior to the opening, it hosted a community programme to promote Takaful Ikhlas to residents of Precinct 11 in Putrajaya on July 12 with the cooperation of the Al Furqan Surau committee, he said.

The programme was one of the ways adopted by the company to introduce Takaful Ikhlas to residents of the federal administrative centre, he said in a statement.

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Source: Bernama, 16th June 2008

An insurance consultancy firm has suggested that the government set up an insurance consortium to distribute the financial aid it has been giving to the people amid the increased cost of living following the rise in oil price and other goods recently.

Chairman of Suria Risk Consultant Sdn Bhd Tengku Kudin Tengku Nawal Kudin said the consortium should be set up as soon as possible so that the government would be able to give out the subsidy and other forms of assistance to the people directly.

“The government recently announced the provision of RM625 to each owner of a car below 2000cc and RM150 to each owner of a motorcycle of below 250cc.

“The government’s aim in doing this is to generate the country’s economy as well as to reduce the people’s burden following the petrol price hike,” he told Bernama here Monday.

However, the government has no control over how the given money is spent and whether the people really enjoy the rebate given.

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Source: The Star, 3rd June 2008

Tune Money Sdn Bhd has launched a motor protection plan that will allow car owners to purchase or renew their motor takaful online.

Tune Money has so far launched a personal accident, motorcyclist personal accident and home protection plans, which are all underwritten by CIMB Aviva Takaful Bhd.

Tune Money chief executive officer Tengku Zafrul Aziz said in a statement many people renewed their motor insurance policies without knowing what they were getting into.

“Our motor protection plans are unbundled, which means you have to read up what’s on offer and tick what you think is appropriate for you. In this way, you have a greater understanding of what you are getting into and what you are paying for,” he said, adding that Tune Money also advised clients on procedures if accidents occurred and how to make claims.

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