HLTM Takaful
announces offerings – The Star: Dec 5, 2006 (Thursday)
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KUALA LUMPUR: Hong Leong Tokio Marine Takaful Bhd (HLTM Takaful) yesterday announced its initial offerings – the mortgage reducing term takaful and fire (or houseowner) takaful. The company said its Comprehensive Mortgage Takaful, the first composite takaful scheme to be offered locally, combined both the mortgage reducing term takaful and houseowner takaful (long term). Its unique product attribute was its single contribution plan that provided protection based on the tenure of the participant’s mortgage financing, HLTM Takaful said in a statement. The company is a joint venture between Hong Leong Bank Bhd, Tokio Marine and Nichido Fire Insurance Co Ltd, and Hong Leong Assurance Bhd, with an equity shareholding of 55%, 35% and 10% respectively. HLTM Takaful said it would capitalise on Hong Leong Bank’s 186-branch network to promote its various takaful schemes. The latest offerings are available at all Hong Leong Bank and Hong Leong Islamic Bank branches. HLTM Takaful also planned to set up an agency channel to be a driving force to penetrate the takaful market, in particular the family takaful segment. – Bernama |
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