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AmGeneral eyes 2-3 pct growth in premium in FY19

KUALA LUMPUR, July 9 (Bernama) -- AmGeneral Insurance Bhd is eyeing an increase of between two per cent and three per cent in gross written premium (GWP) in the current fiscal year after recording RM1.5 billion worth of GWP for the financial year ended March 31, 2018 (FY18).

As-Salihin's portal beneficial to consultants and agents

PETALING JAYA, July 5 (Bernama) -- In keeping with the times and a paperless movement, Islamic estate planning company, as-Salihin Trustee Berhad, launched the Islamic Estate Planner (IEP) portal today which will help consultants and agents put together documents and submit client applications with ease.

LIAM seeks govt support on insurance penetration

We expect a high single-digit growth for the industry this year, about eight to nine per cent, about the same momentum that we saw last year.

Takaful Malaysia launches Asia's first fully underwritten online medical plan

The premium and necessary loadings will be auto-calculated based on the medical questionnaires. This is part of our digital strategy which has clearly set us apart from any insurance providers in offering such an advanced innovation.

LIAM urges more operator participation to help B40

KUALA LUMPUR, June 27 (Bernama) -- The Life Insurance Association of Malaysia (LIAM) has urged more insurers and takaful operators to participate in the 'Perlindungan Tenang - Mampu & Mudah', a national initiative specially targeted at the bottom 40 per cent of households (B40).

RAM Ratings reaffirms AAA/stable/P1 rating of Etiqa General Insurance Bhd

KUALA LUMPUR, June 21 (Bernama) -- RAM Ratings has reaffirmed the AAA/stable/P1 insurer financial strength (IFS) ratings of Etiqa General Insurance Bhd's (EGIB) and the AA1/stable rating of its RM500 million subordinated Bonds (2013/2023).

1,500 Packs Of 'Bubur Lambuk' From Takaful IKHLAS And Adabi

KUALA LUMPUR, June 7 (Bernama) -- Takaful Ikhlas Berhad (Takaful IKHLAS) and Adabi Consumer Industries Sdn Bhd (Adabi) yesterday got together to cook and distribute 'bubur lambuk' to the staff of Universiti Malaya Medical Centre (UMMC), near here.

Zero GST for life, general insurance and Takaful products

KUALA LUMPUR, June 4 (Bernama) --The General Insurance Association of Malaysia (PIAM), Life Insurance Association of Malaysia and Malaysian Takaful Association announced that life and general insurance companies and takaful operators in Malaysia will be charging the Goods and Services Tax (GST) at zero per cent effective June 1, 2018.

Takaful Malaysia converts composite licence to single licences

KUALA LUMPUR, June 1 (Bernama) -- Syarikat Takaful Malaysia Bhd (Takaful Malaysia), the first Islamic insurance company in Malaysia, announced the conversion of its composite licence to single licences and splitting the company into two entities to manage the operations of its family takaful and general takaful businesses separately.

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Maybank Islamic wins Islamic Bank of the year award
GST ends on AIBIM Bank services & products

RHB Islamic Bank CEO is new AIBIM President

AmGeneral eyes 2-3 pct growth in premium in FY19
LIAM seeks govt support on insurance penetration

LIAM urges more operator participation to help B40

US 4.0470/0500
S'pore 2.9655/9688
100 Yen 3.5973/6010
Sterling 5.3574/3626
Euro 4.7285/7324
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 Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?
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