Takaful Malaysia forms partnership with Ambank Islamic

In a filing with Bursa Malaysia yesterday, Takaful Malaysia said the family takaful business generated gross earned contributions of RM1.61bil for FY18, a 27% increase against the RM1.26bil in the previous corresponding period.

KUALA LUMPUR: Syarikat Takaful Malaysia Bhd said it has formed a partnership with AmBank Islamic Bhd and will market its general takaful products to its customer base across the country.

The takaful operator said that at the initial stage, general takaful products for motor, fire/house and personal accident will be distributed across Ambank Islamic's distribution channels nationwide.

The two companies will also promote new general takaful solutions tailored to Ambank Islamic's customers.

"This partnership is part of our ongoing business strategy to strengthen our bancatakaful portfolio as one of our key business drivers by identifying market opportunities to sustain our strong foothold in the industry. 

"As a pioneer in the takaful industry, we are geared up at the opportunity to bring our general takaful solutions and leading digital technology to serve the evolving needs of AmBank Islamic customers,” said Takaful Malaysia group CEO Datuk Sri Mohamed Hassan Kamil.