Syarikat Takaful Malaysia Bhd is confident of an RM20 million rise in profit at the end of 2015, driven by Takaful Employee Benefits for the small- and medium-enterprises (SMEs).
Group managing director Datuk Mohamed Hassan Kamil said the target was also driven by a surge in Takaful myHealth Protector with over 10,000 policies sold since its launch in January this year.
The Takaful Employee Benefits for SMEs, under the Family Takaful plans to be launched in December this year, was expected to receive a similar response from the market, he told reporters.
Family Takaful was the biggest contributor to Takaful Malaysia's profit, contributing 65% of the profit against General Takaful’s 35%. On Takaful Malaysia's performance in the second quarter of this year, Mohamed said the company would maintain its financial performance like in the first quarter of this year.
Takaful Malaysia's pre-tax profit in first quarter ended March 31, 2014 increased by 11% to RM44.696 million compared with RM40.246 million in the corresponding period last year. However, the revenue declined to RM432.024 million from RM519.531 million due to lower sales of Family Takaful.
Takaful Malaysia has 30 service centres nationwide with total assets of RM6.9 billion at the group level.
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