Hong Leong MSIG Takaful (HLM Takaful) is proud to announce its participation in Malaysian Takaful Association’s Race for Cover program, an initiative taken by the association to promote awareness about Family Takaful to Malaysians.
According to the Malaysian Takaful Association Report 2017, Family Takaful penetration rate charting a mere 14.66% in Malaysia clearly indicates a huge untapped market with plenty of opportunities in the Family business. As such, HLM Takaful strongly believes that this program will further increase the penetration rate of Family Takaful as well as reduce the high protection gap in the country.
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