press release
Policy Document on Bancassurance/Bancatakaful
30 Jun 2022 | Thursday
Bank Negara Malaysia has issued a policy document on Bancassurance / Bancatakaful.
The policy document sets out the policy requirements and guidance for bancassurance / bancatakaful arrangements, which aim to enhance the bancassurance / bancatakaful as an effective channel and further strengthen safeguards in place to ensure the delivery of better consumer outcomes. The requirements are now extended to bancassurance / bancatakaful partners, where relevant.
