MTA newly-elected chairman Elmie Aman Najas (pic) said the penetration rate of the family takaful industry, a measure of the number of enforced certificates to the total Malaysian population, increased to 16.9% in 2020 from 15.9% in 2019.
KUALA LUMPUR: The new business contribution for all family takaful certificates increased by 7% to RM6.59bil in 2020 from RM6.16bil in the previous year despite the challenges brought on by the Covid-19 pandemic, says the Malaysian Takaful Association (MTA).
The association said in a statement that new takaful protection value increased by 21.4% to RM461.7bil from RM380.2bil previously.
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