SEREMBAN, July 5 (Bernama) -- Takaful Ikhlas Sdn Bhd (Takaful Ikhlas) today launched three improved products -- Ikhlas Capital Investment-Linked Takaful Plus, Ikhlas Premier Investment-Linked Takaful Plus and Ikhlas 'ChoicePlus' Individual Medical Rider.
President and Chief Executive Officer Ab Latiff Abu Bakar, speaking after the opening of Takaful Ikhlas' Seremban regional office at Senawang near here, said the company targets annual revenue contribution of RM20 million from the three products.
Meanwhile Takaful Ikhlas chairman Sharkawi Alis said the company's share of the national takaful market is nearly 14 per cent and ranks third among 12 takaful companies operating in the country.
"Considering Malaysia's takaful market is the world's second largest after Saudi Arabia, Takaful Ikhlas' progress in just 10 years is very encouraging.
"We now have some 1.8 million registered policy holders and over 5,000 agents," he said.
Revenue contribution from the state exceeded RM6.8 million for the financial year ended March 2013 and the company is optimistic of doubling the figure next year.
At the ceremony, Takaful Ikhlas contributed RM80,000, as part of its corporate social responsibility programme, to two needy families, a water supply improvement project for five religious schools, a library building for Ma'ahad Tahfiz Al-Quran An-Najihah in Nilai, and zakat contribution to two orphanages.