Thursday 28 Mar 2024
By
main news image

KUALA LUMPUR (Dec 9): Takaful operator Syarikat Takaful Malaysia Keluarga Bhd and its wholly owned subsidiary, Syarikat Takaful Malaysia Am Bhd have entered into a strategic bancatakaful partnership with Bank Pertanian Malaysia Bhd (Agrobank), according to a Bursa Malaysia filing on Friday (Dec 9).

According to the filing, the partnership between Takaful Malaysia Keluarga and Takaful Malaysia Am with Agrobank aims to promote and market credit-related family and general takaful products, while developing the advisory family takaful business.

"We also allocated RM1 million yearly throughout this bancatakaful partnership for Agrobank customers who are asnaf or tithe recipients, in line with our corporate philosophy of improving lives and contributing towards a caring society," said group chief executive officer of Takaful Malaysia Keluarga, Nor Azman Zainal.

Agrobank chief executive officer and president, Datuk Tengku Ahmad Badli Shah Raja Hussin, targeted a minimum of two takaful products per year or protection plans catered to agricultural business communities.

"In addition to the protection plan, specific takaful products such as affordable retirement, education and medical plans will be introduced to agropreneurs from these unserved and underserved communities which consist of the B40 group, asnaf, women and people with disabilities."

The memorandum of understanding for the alliance was signed by Nor Azman, Tengku Ahmad, and Mohamed Sabri Ramli, chief executive officer of Takaful Malaysia Am, while being witnessed by newly appointed Agriculture and Food Security Minister Mohamad Sabu.

At market close on Friday, Takaful Malaysia Keluarga's share price fell 10 sen or 2.87% to RM3.38, with a market capitalisation of RM2.83 billion.

Edited ByLam Jian Wyn
      Print
      Text Size
      Share