The Waqf-Takaful Compensation Operational Framework (WTCOF) Towards Strong Takaful Institutions Governance
Table 1: Death Compensation Claimed Report 2020
Company |
Net Certificate Benefits |
Death |
Maturity |
Surrender |
Others |
Total |
Net Commission |
AIA PUBLIC |
48,905,927 |
1,787,347 |
92,559,541 |
235,851,304 |
379,104,119 |
0 |
AMMETLIFE TAKAFUL |
5,897,818 |
932,539 |
6,645,450 |
13,736,608 |
27,212,415 |
0 |
ETIQA FT |
312,471,559 |
116,772,472 |
390,559,721 |
529,337,873 |
1,349,141,625 |
706,840 |
FWD TAKAFUL |
3,662,489 |
10,087,606 |
116,532,219 |
43,971,295 |
174,253,609 |
0 |
GE TAKAFUL |
8,107,487 |
2,350,356 |
42,813,963 |
118,445,418 |
171,717,224 |
0 |
HLMSIG TAKAFUL |
22,511,813 |
303,255 |
11,981,221 |
19,290,874 |
54,087,163 |
0 |
PRU BSN TAKAFUL |
68,853,912 |
2,142,074 |
153,976,442 |
460,228,143 |
685,200,571 |
0 |
SUN LIFE MALAYSIA |
16,673,252 |
2,972,755 |
106,637,070 |
19,897,867 |
146,180,944 |
0 |
STMKB |
250,487,778 |
70,508,278 |
196,195,760 |
160,156,983 |
677,348,799 |
155,587 |
TAKAFUL IKHLAS |
49,627,123 |
47,281,580 |
104,401,110 |
78,021,205 |
279,331,018 |
0 |
ZURICH TAKAFUL |
22,433,704 |
60,056 |
42,125,307 |
72,565,984 |
137,185,051 |
0 |
Total (Industry) |
809,632,862 |
255,198,318 |
1,264,427,804 |
1,751,503,554 |
4,080,762,538 |
862,427 |
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