Takaful Industry Delivers RM10.2 Billion Payout In 2024

Quick Summary:

The Malaysian Takaful industry achieved a historic milestone in 2024 as it disbursed RM10.2 billion in benefits to certificate holders.

The record payout, or an 16.73% increase from 2023, was driven by the industry’s Hijrah27 transformation agenda, while reflecting the Takaful’s growing impact in providing financial protection and social upliftment for Malaysians.

The industry’s consistent upward trajectory is reflected in a three-year average annual payout increase of RM1.54 billion, a nearly 400% jump compared to the 2019-2021 period.

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Article Details

Author / Journalist: Adrian Phung

Category: EconomyBusiness

Markets: Malaysia

Topics: News MTA Payout Takaful

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-16 @ 04:36:40 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: businesstoday.com.my

Language: English

Article Length: 353 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Today

News ID: 27941289

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About Business Today

Main Topics: EconomyBusiness

Official Website: businesstoday.com.my

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Headquarters: Malaysia

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