Etiqa Takaful Berhad was named the most outstanding takaful company at the 5th Kuala Lumpur Islamic Finance Forum 2008 (KLIFF 2008) Awards ceremony held on Tuesday, 18 November 2008. The award was presented by Tan Sri Nor Mohamed Yakcop, Finance Minister II. Dato' Aminuddin Md Desa, the newly appointed chief executive officer of Mayban Fortis Holdings Berhad accepted the award as the Director of Etiqa Takaful.
"This award reflects the culmination of efforts by the Etiqa staff who are dynamic and creative, constantly improving to ensure that Etiqa lives up to its promise of Humanizing Insurance and takaful by placing people over policies. We've executed with many initiatives to simplify things for our customers, to ensure that our customers become more familiar with takaful as well as to make the entire purchase and claims process easier for them," said Dato' Aminuddin.
Etiqa Takaful is the largest takaful company in Malaysia with 12,000 agents and a takaful shareholders fund of RM 276 million by the end of financial year 07/08. Earlier this year, Etiqa Takaful was hailed for its innovative and people-centric marketing approach, and was awarded the prestigious Best Takaful Marketing award at the International Takaful Awards held in conjunction with the International Takaful Summit 2008 in London.
The award ceremony saw 13 companies involved in Islamic Financing awarded in different categories such as Most Outstanding Institution for Contribution to Islamic Finance, Most Outstanding Shariah Board for Contribution to Islamic Finance, Most Outstanding Islamic Bank, Most Innovative Products in Sukuk and Most outstanding Business Advisory & Consulting Firm among others.
"We are pleased that our efforts in taking insurance and takaful to a personal level have bore fruit. This award will definitely push us to strive towards being the takaful player in people's hearts," he further added.
Etiqa is the single master brand for insurance and takaful businesses under Mayban Fortis Holdings Berhad, the insurance and takaful arm of Maybank Group. The brand essence of Etiqa - humanizing insurance and takaful - is supported by four brand attributes namely performance with conscience, crystal clear, hand-in-hand and rock solid.
Source: Etiqa
Saturday, November 22, 2008
Saturday, September 27, 2008
Protecting your key asset (Your best employee)
Most companies believe that human resource is the best asset. However, how many companies out there protect human resource the way they should be doing. Key Man Insurance is about protection your key employees.
Specific instances or situations in which a company should consider Key Man may occur when:
1. The success or ongoing existence of a partnership is dependent on the abilities of one or more of the partners.
If one of the partners suddenly passed away, or became incapacitated and could not continue work, Key Man insurance would provide a financial cushion for the remaining partners, enabling the business to continue while new talent was recruited. Experienced insurance professionals agree that between the ages of 30-65 it is much more likely that a person will become disabled than die. For this reason, disability insurance should play a role in any Key Man insurance decisions.
2. The business needs to secure a loan.
When granting a loan to a small business, a lender will often require that one or more of the owners or employees take out life insurance and/or disability insurance protection, with the company or lender named as the beneficiary.
3. A salesperson generates a high percentage of total sales.
The insurance would cover lost sales revenue while the employee recovered from illness or accident, or in the case of death, until a new employee could be hired and trained.
4. The business merges with another company, goes public or enters any type of financial/operational arrangement with another company.
Key man policies is normally taken for Key executives for the company and it shall protect the company against potential financial loss due to sudden dismissal of the company best resource.
Specific instances or situations in which a company should consider Key Man may occur when:
1. The success or ongoing existence of a partnership is dependent on the abilities of one or more of the partners.
If one of the partners suddenly passed away, or became incapacitated and could not continue work, Key Man insurance would provide a financial cushion for the remaining partners, enabling the business to continue while new talent was recruited. Experienced insurance professionals agree that between the ages of 30-65 it is much more likely that a person will become disabled than die. For this reason, disability insurance should play a role in any Key Man insurance decisions.
2. The business needs to secure a loan.
When granting a loan to a small business, a lender will often require that one or more of the owners or employees take out life insurance and/or disability insurance protection, with the company or lender named as the beneficiary.
3. A salesperson generates a high percentage of total sales.
The insurance would cover lost sales revenue while the employee recovered from illness or accident, or in the case of death, until a new employee could be hired and trained.
4. The business merges with another company, goes public or enters any type of financial/operational arrangement with another company.
Key man policies is normally taken for Key executives for the company and it shall protect the company against potential financial loss due to sudden dismissal of the company best resource.
Wednesday, September 24, 2008
Introducing... ETIQA, the biggest and the best Takaful insurance provider in Malaysia.
In the insurance market, where Malaysians are offered little real choice and innovation, and agreements are typified by duplicates and triplicates, written in fine print, Etiqa seeks to humanise the process, We are committed to a value based approach with agents, companies, families and individuals based on solutions.
Contact me at knetiqa@gmail.com for free quotation.
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