Recommend Us | About Us | Back to

News | Financial Calculator | Home Financing | Archived News |


  Welcome to Bernama Banking & Finance Special Page     
RFCTT 2020: raising awareness of takaful for family
Last update: 18/07/2018


KUALA LUMPUR, July 18 (Bernama) -- The Malaysian Takaful Association (MTA) launched the first stage (Sprint 1) of its Family Takaful awareness campaign, 'Race For Cover Towards Takaful 2020 (RFCTT 2020)', here, yesterday.

The association, in a statement today, said Sprint 1 with the campaign period from July to December 2018, was the first such initiative and its members would be promoting their takaful products throughout this period.

The campaign is also aimed at publicising the industry's concerted effort in raising awareness about takaful and the Family Takaful penetration rate which currently is at 14.9 per cent (up to May 2018).

The MTA said the subsequent sprint would take off in July 2019 and the final stage in December 2020.

Its chairman Muhammad Fikri Mohamad Rawi, meanwhile, said that in line with the Life Insurance and Family Takaful Framework issued by Bank Negara Malaysia in 2015, RFCTT 2020 was an initiative to get members of the association to partake in a friendly and healthy competition which focused on the Family Takaful business.

"Just like in any competition, we hope this particular competition will encourage our association members to support our concerted effort in promoting takaful to Malaysians through the publicity campaign activities."

He added that in the Sprint 1 round, the association would be recognising the achievements of its members in specific categories such as highest amount of takaful protection, product efficiency, top intermediary/distribution channel, best Shariah product theme, and most popular takaful product.



Standardisation is key for Islamic finance growth - CBB Director
INCEIF achieves AACSB accreditation

Bank Muamalat manages more than RM20 million in waqf fund

Takaful IKHLAS converts licence to manage family and general takaful businesses
Malaysian Re launches 2nd edition of ASEAN Insurance Pulse

IR 4.0 offers big competitive advantage to insurance firms

100 Yen3.6861/6906
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Banker’s Cheque, Bank Draft and Cashier’s Order. Do you think this additional charge is justified?
Not Sure
  Main | News | Insurance

© 2018 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy| Security Policy
This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 8.0 & Internet Explorer 8.0 with 1024 x 768 resolution