Takaful sees 15pc overall growth
Published on: Saturday, July 04, 2015
Kuala Lumpur: Syarikat Takaful Malaysia Bhd expects its overall company growth to hit 15 per cent this year versus 12 per cent recorded last year.Group Managing Director Datuk Seri Mohamed Hassan Kamil said the target is achievable, driven by positive market response to its product offerings. "Recently we launched two new products to cater to small and medium enterprises and the take-up rate has been encouraging," he told reporters after taking 50 orphans from Pertubuhan Kebajikan dan Perlindungan Nur Qaseh Malaysia for Hari Raya shopping here Friday.
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The annual programme is part of Takaful Malaysia's corporate social responsibility initiative Takaful myJalinan in giving back to the community. The insurance provider has allocated RM1.5 million yearly for its CSR programme.Asked on Malaysia's sovereign ratings which have been upgraded by Fitch Ratings, Mohamed Hassan said the revised ratings would strengthen investors' confidence in the country.Stay up-to-date by following Daily Express’s Telegram channel.
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"Hopefully it will attract more growth and more foreign investments in the infrastructure and economy of the country," he added. Takaful Malaysia's earnings are mainly contributed by its Family Takaful Business (70 per cent) with the balance from the General Takaful Business.The company has an authorised capital of RM500 million and paid-up capital of RM163 million. – Bernama