PETALING JAYA: Bank Negara’s proposed Life Insurance and Family Takaful Framework is expected to have a positive net impact on both insurance companies’ bottomlines and consumers.
It is envisaged that the eventual implementation of the framework would see a higher insurance and takaful penetration rate among the general populace, as life insurers and family takaful operators would be given greater operational flexibility for innovation and higher productivity.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!