The Takaful industry recorded positive growth in both general and family takaful businesses in 2015, said the Malaysian Takaful Association (MTA).The general takaful business registered gross written contributions of RM2.3billion, an increase of 6.3 per cent over the same period in 2014. The family takaful business registered RM3.64 billion new business contributions in 2015, an increase of 3.9 per cent compared to 2014.
Ahmad Rizlan said the emergence of so-called online intermediaries or cyber agents in Malaysia, such as iMoney, Loanstreet, Ringgitplus and Insurance finder have set the scene in comparing and promoting financial products online.
"They are capable of explaining the complexity of Takaful in layman terms with greater ease using infographics and catchy articles. They provide facts and figures on how insurance and Takaful should be looked from customers' perspectives," he added.
A total of 20 award categories were presented, including the Best Takaful Operator - Bancatakaful Business (HSBC Amanah Takaful (M) Bhd bagged the award), Best Takaful Operator - Agency Family Takaful Business (won by Prudential BSN Takaful Bhd), Best Bancatakaful Partners - Financial Institution (HSBC Amanah Takaful (M) Bhd), Best Takaful Operator General Takaful Business (Etiqa Takaful Bhd), Best Takaful Agency - Inter MTA member companies, Young Takaful Manager (Prudential BSN Takaful Bhd), and Corporate Social Responsibility (Etiqa Takaful Bhd).
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