Topik: Takaful am, Takaful keluarga, The Star on Apr 12th, 2011 Comments Off
Source: The Star, 12th April 2011
Malaysia has successfully propelled the takaful industry to the next level, says RAM Rating Services Bhd.
Driven by increasing demand, the takaful industry has evolved from one that only contained a single player with limited basic products to a viable sector that has been integrated into the mainstream financial system, the rating agency said in a statement yesterday.
“While not as prominent as the overall Islamic banking industry, takaful is marching ahead at its own pace with a 20% to 26% year-on-year growth in terms of total assets and contributions between 2004 and 2009,” it said.
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Topik: HLTM Takaful, Takaful am, The Star on Apr 9th, 2011 Comments Off
Source: The Star, 9th April 2011
The Malaysian Association of Tour and Travel Agents (MATTA) and a major insurance company here have come up with a scheme to support a Government requirement that all haj and umrah pilgrims must have takaful (Islamic insurance) coverage.
MATTA president Datuk Khalid Harun said the association and Hong Leong Tokio Marine Takaful Bhd (HLTM Takaful) would be collaborating on the newly-launched MATTA Haj and Umrah Personal Accident Takaful Scheme.
“The scheme conforms with Section 6(1A) of the Tourism Industry Act, which makes it compulsory for haj and umrah pilgrims to have valid takaful coverage,” he said after the signing of a MoU between MATTA and HLTM Takaful at Putra World Trade Centre yesterday.
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Topik: Bank Negara Malaysia, MTA, The Star on Jan 15th, 2011 Comments Off
Source: The Star, 15th January 2011
Bank Negara wants all insurance firms and relevant parties to be more vigilant and take heed of some of its pointers to combat insurance fraud.
The menace, which is in the form of deception or dishonesty for unjustified financial gain, is committed at different points in the transaction by either an insurer, agent, policy owner or third party claimant, the central bank said.
Some examples of fraud include creating a fraudulent claim, overstating the amount of losses, misrepresenting facts to receive payment and bogus agents/sale of forged cover notes.
The central bank said some of the pertinent pointers one has to take to protect oneself from insurance fraud are:
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