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.
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!


Next In Business News

Central Global's unit bags RM183.29mil sub-contract from Pembinaan Urusmesra
ECA Integrated Solutions signs underwriting agreement with UOB Kay Hian for IPO
Ringgit ends lower against US$ on expectation aggressive US monetary policy will continue
China's yuan ends at weakest since global financial crisis, hits record low offshore
RHB Bank issues RM500mil subordinated notes under MCMTN programme
S P Setia kickstarts green partnership wtih TNB
Bursa Malaysia ends broadly lower amid global recession concerns
Sime Darby Motors to distribute BYD EVs in Malaysia
Uchi Tech disposes of Penang Island tract for RM19mil
K-One Tech unit gets nod from Health Ministry for silicone adhesive tapes

Others Also Read