Namlifa and MFPC Give their Assurance

Both Namlifa (The National Association of Malaysian Life Insurance and Financial Advisors) and MFPC (Malaysian Financial Planning Council) have given their assurance that the local insurance industry remains resilient.

They cited reasons such as stringent regulatory requirements, separate reserves and assets and separate structure between local subsidiary and parent company. Both are confident that the insurance companies would be able to fulfil obligations to policyholders.

Source: Business Times