CIMB Islamic Bank Bhd today launched Takaful Suria, the first universal takaful hajj product in Malaysia that provides protection and saving benefits to help Muslims fulfil their Hajj aspiration. The product was developed exclusively by its bancatakaful partner, Sun Life Malaysia Takaful Bhd.
Sun Life Malaysia company's market share in the takaful segment currently stands at 8.6%.
Takaful insurance penetration rate in the country is now at 13% (56% overall insurance penetratiion)
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