Insurance News
Brief insurance news and digest for the busy executives. A handy insurance news archive with main focus on Malaysia. Disclaimer: While all attempts are made to ensure the accuracy of the news herein, we will not be liable for any loss arising from the use of any information contained in this blog. You may reproduce materials published here provided the source (news.actuaries.com.my) is properly acknowledged.
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Tuesday, 1 April 2008
10% Mudharabah Payment
Syarikat Takaful Malaysia Bhd (STMB) has declared 10% Mudharabah payment to general takaful products participants.Eligible participants are those holding general takaful certificates that have expired between 1/3/2007 to 31/12/2007 and have made no claims. There was no news on any Mudharabah payment to family takaful participants.
Future payments of Mudharabah are expected to be smoother with the implementation of new system and the re-engineering of business processes.
Last month, a reader wrote to Malay Mail to complain about the delay in getting discount on his motor policy which they company explained was due to the upgrade of system and business processes.
Labels: Bonus, Takaful Malaysia
About Me
- Name: Teh Loo Hai
- Location: Kuala Lumpur, Malaysia
Loo Hai is an actuarial recruiter cum actuarial consultant. He has over 20 years of work experience gained in Malaysia and Australia in the actuarial, insurance, takaful and pension fields.
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