15% Rebate From Takaful Malaysia

 

 

SYARIKAT Takaful Malaysia Bhd has continued to fulfill its unique promise of a “No Claim Rebate” payment with its latest amounting at RM350,990 to Lembaga Tabung Haji.

Takaful Malaysia is the only takaful operator in the country offering such unique benefit, where 15% of the premiums paid to all of the company’s general takaful products are refunded — provided no claims were made within the period of coverage. Takaful Malaysia has been steadily paying out an average of 15% “No Claim Rebate” since the late 1980s.

On average, RM20 million cash rebates are paid every year and have benefitted not only individuals but also more than 5,000 multinational corporations and small and medium enterprises.

Tabung Haji has been a loyal corporate participant with Takaful Malaysia since 1987 and as such, has been enjoying this benefit since the beginning, she added. The cash rebate to Tabung Haji was for three product coverages namely fire and allied perils, group term family and private car fleet.