MTA: Takaful industry remains resilient in 2020 despite pandemic

The new business contribution for all family takaful certificates increased by seven per cent to RM6.59 billion in 2020 from RM6.16 billion in the previous year despite the challenges brought on by the Covid-19 pandemic, said the Malaysian Takaful Association (MTA).

The association said in a statement today that new takaful protection value increased by 21.4% to RM461.7 billion from RM380.2 billion previously.

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