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Topik: The Star

Takaful Malaysia pays out RM30m under cash back plan

Source: The Star, 14th February 2014

Syarikat Takaful Malaysia Bhd made a record cash back payout of RM30mil to its general Takaful customers who did not make any claims during the coverage period.

This payout was an increase of 7.5% compared to the amount paid out in the previous financial year to customers across its general products including motor in the face of rising insurance premiums.

Takaful Malaysia group managing director Datuk Mohamed Hassan Kamil the “Cash Back” was its most unique proposition compared with other Takaful operators or the conventional insurance providers in Malaysia.

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Great Eastern Takaful eyes third spot in new business

Source: The Star, 11th December 2013

Great Eastern Takaful Bhd is targeting to move from fourth to the third spot next year in terms of new business total weighted contribution (NB TWC) in 2014.

Its chief executive officer Zafri Ab Halim said on Wednesday it ranked eighth out of 12 players last year while its NB TWC market share improved from 4.3% in 2012 to 10% this year.

Next year, it expects the market share to range from 10% to 20%.

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Etiqa sees good family takaful growth

Source: The Star, 20th June 2013

The family takaful sector in Malaysia is expected to record a 20% growth in premium over the next two to three years, said Etiqa Takaful Bhd.

Last year the segment registered total premiums of RM4.5bil, out of which 37% was contributed by Etiqa Takaful.

Etiqa Takaful chief executive officer Ahmad Rizlan Azman said the market penetration rate for the family takaful segment in Malaysia was still low at 11%, compared with conventional life insurance, which was at 55%.

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