Takaful records strong growth in 1H despite pandemic

Malaysian Takaful Association (MTA) deputy chairman Mohamed Sabri Ramli said this could be seen from the total contributions of Family Takaful business which increased 46.7 per cent in 1H 2021 to RM4.68 billion compared with RM3.19 billion in the same period last year.

KUALA LUMPUR: The Malaysian Takaful industry recorded strong growth in the Family Takaful and General Takaful businesses in the first half (1H) of 2021 compared to the same period in 2020 despite the challenges posed by the COVID-19 pandemic.

Malaysian Takaful Association (MTA) deputy chairman Mohamed Sabri Ramli said this could be seen from the total contributions of Family Takaful business which increased 46.7 per cent in 1H 2021 to RM4.68 billion compared with RM3.19 billion in the same period last year.