AmTakaful starts family takaful business

AmFamily Takaful Bhd (AmTakaful), the 12th licensed takaful operator in Malaysia, has commenced a family takaful business.

A joint-venture company between AmBank Group and Friends Life Group of the UK, AmTakaful is registered as a takaful operator by Bank Negara Malaysia (BNM) to carry out a family takaful business with effect from Jan 9, 2012.

By combining the expertise of its shareholders AmBank Group and Friends Life Group, as well as syariah principles and values, AmTakaful will be introducing a wide range of family takaful solutions to meet the evolving lifestyle needs of all Malaysians, it said in a statement. -- BERNAMA