In a statement by the insurance company yesterday, Pru- BSN said its eligible customers will receive a proportionate rate from the surplus of the Tabarru fund that is the pool of funds contributed by participants and also proceeds from the investment of the Individual Special Account (ISA), which is the certificate holders’ savings account.
“Close to 300,000 entitled certificate holders of the company’s ordinary family takaful plan, from a range of their innovative products, namely ummah, crisis cover, protect plus, and mortgage reducing term takaful will receive their share of the surplus from the Tabarru funds amounting to RM7.5 million,” it said in the statement.
At the same time, PruBSN said it will also be distributing RM11.3 million of investment profits to about 486,000 eligible participants.
“While thanking our customers for subscribing to our market leading innovative products and solutions, we look forward to their continued patronage in the future. We know PruBSN will not be the leading takaful operator it is today were it not be for the support of our customers.
“We shall continue to manage our finances and the Tabarru funds prudently and ensure that the distribution of surplus is made fairly, reflecting the Shariah principles of equitability,” PruBSN CEO Azim Mithani said in the statement.
PruBSN today protects and serves over 500,000 customers which is nearly 2% of the total Malaysian population.
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