Assessing the growth potential for takaful - insights into Malaysia and the family takaful market
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The term "Family Takaful" means "guarantee the family" which is more apt than the term "Life insurance", simply because no one can guarantee his own life, what more other people's life. What an individual participates in when he takes up a family takaful is to ensure that when he is indisposed, his immediate family will receive the benefits of the takaful that he has participated in. The benefits will be in three different forms, the accumulated contribution that he has made over the years, the profit that the accumulated contributions have earned and the takaful coverage that he has pledged to participate in.
Takaful , Family takaful
Alhabshi, Syed Othman. (2011, June 23-24). Assessing the growth potential for takaful - insights into Malaysia and the family takaful market. Paper presented at The World Takaful Conference Family Takaful Summit - Malaysia, at Hotel Istana, Kuala Lumpur, Malaysia.