KUALA LUMPUR, Nov 20 (Bernama) — The Malaysian Takaful industry continued its upward trend in promoting and enabling more Malaysians to obtain new Family Takaful protection despite challenges during the year. For the nine months ended 30 Sept 2020, Family Takaful New Protection Value of RM 364.2 billion arising from RM 4.84 billion New Business Contribution were registered. The New Protection Value and New Business Contribution increased 14 % and 3.2% respectively compared to the figures in the corresponding period last year.
“This encouraging decent growth is evidence of the positive effects from re-opening of the economy from COVID-19 especially during the third quarter of 2020. The industry will also continue to promote Takaful digitally and continue to play its role in providing protection to Malaysians” said the Chairman of the Malaysian Takaful Association (MTA), Encik Muhammad Fikri Mohamad Rawi, today.