PETALING JAYA: The Malaysian takaful industry recorded strong growth in the family takaful and general takaful businesses in the first half (H1) of 2021 compared to the same period in 2020 despite the challenges posed by the Covid-19 pandemic.
Malaysian Takaful Association (MTA) deputy chairman Mohamed Sabri Ramli said this could be seen from the total contributions of the family takaful business, which increased 46.7% in H1 of 2021 to RM4.68bil compared with RM3.19bil in the same period last year.
Of this growth, he said 36.7% arose from new business contributions.
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