Malaysia’s family takaful market is poised to grow to some RM7.2bil in two to three years from RM4.2bil currently, given the low insurance penetration rates among the general populace, including the Muslim community, according to Etiqa Insurance & Takaful.
Chief commercial officer Shahril Azuar Jimin said only 54% of the population had life insurance or family takaful policy, with takaful having a penetration rate of about 11%………………………………………..Full Article: Source