MTA Subcommittees

From developing new strategies to fostering growth, our subcommittee plays a vital role in the advancement of our organization. Together, we strive to make a meaningful impact in our industry and community.

Roles and Responsibilities of the Subcommittees
  • To review, develop and recommend to the MC as well as adapt when necessary, on the development of accounting, tax and investment that affecting the Takaful industry;
  • To contribute to the development of accounting and financial reporting for Takaful industry bu close working relationship accounting bodies.
  • To communicate on a regular basis with members on issues and developments affecting Takaful practice in terms of accounting, tax and investment.
  • To initiate educational programs for consumers and partners to create and improve awareness in relation to Family takaful operations and services.
  • To communicate with the relevant regulators (i.e. Bank Negara Malaysia) and others industry (i.e. Life Insurance Association of Malaysia (LIAM) and obtain feedback on the issues.
  • To provide advice, expertise and represent MTA in any joint committees with LIAM and/or PIAM. and other related Committees.
  • To review, develop and recommend to the MC as well ad adapt when necessary, on the development of industry initiatives related to Technical/Operations/Technology for the strengthen of Takaful Operators operations;
  • To initiate and undertake research and development for the Takaful industry by way of reviewing new and existing regulations issues by Government Agencies, Bank Negara Malaysia (BNM), Perbadanan Insurans Deposit Malaysia (PIDM) etc.;
  • To initiate educational programs for consumers and partners to create and improve awareness in relation to Family takaful operations and services;
  • To communicate and represent the industry in any engagement with Bank Negara Malaysia and others industry associates (i.e. Life Insurance Association of Malaysia(LIAM)) and obtain feedback on the issues;
  • To review, develop and recommend to the MC as well ad adapt when necessary, on the development of industry initiatives related to Technical/Operations/Technology for the strengthen of Takaful Operators operations;
  • To initiate and undertake research and development for the Takaful industry by way of reviewing new and existing regulations issues by Government Agencies, Bank Negara Malaysia (BNM), Perbadanan Insurans Deposit Malaysia (PIDM) etc.;
  • To initiate educational programs for consumers and partners to create and improve awareness in relation to Family takaful operations and services;
  • To communicate and represent the industry in any engagement with Bank Negara Malaysia and others industry associates (i.e. Persatuan Insurans Am Malaysia (PIAM)) and obtain feedback on the issues;
  • To develop and formulate strategy to increase retention of Retakaful contribution within the local economy.
  • To review and recommend to the MC on Retakaful related matters of the Association and on issues in the Takaful industry.
  • To synergize Retakaful business strategy with Takaful operators to enhance industry capacity, technical capability and elevate industry competitiveness.
  • To initiate and carry out research and development for the industry in creating wider range of innovative distribution channel plans and recommend to the MC on industry new initiatives.
  • To create cohesiveness and synergies of environment between TOs by increasing the market share of Takaful by distribution of a product thruogh all available channels.
  • To advice and develop the necessary rules and regulations for the intermediaries;
  • To advice and develop the relevant related training and development for industry;
  • To escalate matters and recommendations from the subcommittee to the Management Committee (MC) for approval and advice.
  • To initiate and carry out research and development for the industry in creating wider range of innovative distribution channel plans and recommend to the MC on industry new initiatives.
  • To create cohesiveness and synergies of environment between TOs by increasing the market share of Takaful by distribution of a product through all available channels.
  • To advice and develop the necessary rules and regulations for the intermediaries;
  • To advice and develop the relevant related intermediaries training and development for industry;
  • To escalate matters and recommendations from the subcommittee to the Management Committee (MC) for approval and advice.
  • To ensure effective deliberations and recommendations to the MC on new issuance and existing regulatory requirements and guidelines on the implications which may arise when changes in these regulatory requirements;
  • To formulate, coordinate and conduct discussions and briefing sessions to member companies to ensure that Shariah and compliance requirements are properly understood and adequately implemented;
  • To deliberate regulatory views on related issues in other MTA subcommittee/working committee if necessary;
  • To deliberate on related common industry issues that may have significant impact to the operation of the industry;
  • To provide advice and views on the changes of all MTA guidelines/contracts/documents/agreement legal such as Inter Takaful Agreement (ITA) etc;
  • To act as a high level oversight committee and communications platform for MTA and recommended the appropriate solution to the Management Committee (MC)
  • To plan and strategies public relation activities for MTA
  • To organize public relation functions for MTA
  • To handle public relations and media relations regarding industry issues
  • To formulate and coordinating activities, seminars and program for industry development
  • To provide advice and expertise in business and operation of General Takaful and relevant issues in the industry and at the same time to recommend solutions to the Management Committee (MC)
  • Recommend to the Management Committee on industry initiatives for the strengthening of Takaful operators operations
  • Formulate general methodologies and approaches for industry adoption
  • Initiate and carry out research for the industry in creating wider range of innovative Family and General Takaful Plans and business environment;
  • Initiate and undertake research and development for the Takaful industry by way of reviewing new and existing regulation issues by government agencies. Bank Negara Malaysia (BNM) etc.
  • Communicate with relevant regulators and other industries (i.e. Life Insurance Association of Malaysia (LIAM) and Persatuan Insurans Am Malaysia (PIAM) and obtain feedback on the issues.
  • Look into the internal and external factors that influence claims cost and servicing. This includes identifying the drivers for the raising claims cost and the root cause for any servicing issues. To includes but not limited to product design and development, underwriting practices, claims practices, trends in hospitals and doctors. Customer Behaviors, Agency Force and Regulators, Ministry of Health, Association of Private Hospitals of Malaysia etc.
  • Provide advice, expertise and represent MTA in any joint committees with LIAM and/or PIAM and other related committees.
  • Initiate educational programs for consumers and partners to create and improve awareness in relation to Takaful claims and services.
  • To review and recommend to the MC on Regulatory and Shariah-related matters applicable to the Association and on issues in the Takaful Industry for further deliberations or approval;
  • To deliberate regulatory views on related issues in other MTA subcommittee / working committee if necessary;
  • To review and discuss work processes to be undertaken to ensure smooth implementation of the relevant regulatory into operational framework of the organisation;
  • To deliberate common industry issues that may have significant impact to the operation of the industry;
  • To provide feedback, endorse and validate relevant documentation for the Association’s initiatives, new products and services, including contracts, agreements or other documentation to be executed by MTA as an association with other parties;
  • To review and provide impact study on the new issuance guidelines/standards/concept papers/Act by BNM and other regulation bodies;
  • To vet through and advise on the changes of the all MTA guidelines / contracts / documents / agreement legal such as Inter Takaful Agreement (ITA) etc;
  • To assist and advise relevant parties on Shariah and Regulatory matters that serve the Association, such as its legal counsel, auditor or other consultants, upon request;
  • To communicate with the relevant regulators and obtain feedback on the issues;
  • To promote awareness of emerging regulatory and Shariah issues and provide support and coordination with other MTA subcommittees and other relevant parties.
en_USEnglish
map-mlre
Malaysian Life Reinsurance Group

Unit 39-A-6, Level 39, Tower A, Menara UOA Bangsar, No. 5 Jalan Bangsar Utama 1, 59000 Kuala Lumpur
Malaysia

Hotline: –
Tel: 603 2780 6611
Fax: 603 2780 6622
Email: mlre_hr@mlre.com.my
Web: Malaysian Life Reinsurance Group

Malaysian Life Reinsurance Group
zurich-for-map
Zurich Takaful Malaysia Berhad

Level 23A, Mercu 3, No 3, Jalan Bangsar, KL Eco City, 59200, Kuala Lumpur

Hotline: 1 300 888 622
Tel: 603 2109 6000
Fax: 603 2109 6888
Emailc: allcentre@zurich.com.my
Web: Zurich Takaful Malaysia Berhad

Zurich Takaful Malaysia Berhad
takafulikhlas-for-map
Takaful Ikhlas General Berhad

IKHLAS Point, Menara 11A, Avenue 5, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur

Hotline: –
Tel: 603 2723 9696
Fax: 603 2723 9998
Email: ikhlascare@takaful-ikhlas.com.my
Web: Takaful Ikhlas Family Berhad

Takaful Ikhlas General Berhad
takafulmalaysia-for-map
Syarikat Takaful Malaysia Am Berhad

Menara Takaful Malaysia, No.4, Jalan Sultan Sulaiman, 50000 Kuala Lumpur.

Hotline: 1300 8 TAKAFUL(825 2385)
Tel: 603 2268 1984
Fax: 603 2274 0237
Email: csu@takaful-malaysia.com.my
Web: Syarikat Takaful Malaysia Keluarga Berhad

Syarikat Takaful Malaysia Am Berhad
munich-re-aia-new
Munich Re Retakaful

Suite 13.1, Level 13, Menara IMC, 8 Jalan Sultan Ismail, 50250 Kuala Lumpur

Hotline: 1 300 888 622
Tel: 603 2380 8421
Fax: 603 2032 5955
Email: –
Web: https:Munich Re Retakaful

Munich Re Retakaful
malaysia-re-for-map
Malaysian Re

12th Floor, Bangunan Malaysian Re, No 17, Lorong Dungun, Damansara Heights, 50490 KUALA LUMPUR

Hotline: –
Tel: 603 2096 8000
Fax: 603 2096 7000
Email: retakaful.crm@malaysian-re.com.my
Web: Malaysian Re

Malaysian Re
etiqa-general-map
Hong Leong MSIG Takaful Berhad

Level 5, Tower B, PJ City Development, No.15A, Jalan 219, Seksyen 51A, 46100 Petaling Jaya, Selangor

Hotline: –
Tel: 603 7650 1800
Fax: 603 7620 6730
Email: ReachUs@takaful.hongleong.com.my
Web: Hong Leong MSIG Takaful Berhad

Hong Leong MSIG Takaful Berhad
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Great Eastern Takaful Berhad

Menara Great Eastern, 303 Jalan Ampang, 50450 Kuala Lumpur

Hotline: 1 300 13 8338
Tel: 603 4259 8338
Fax:603 4259 8808
Email: i-greatcare@greateasterntakaful.com
Web: Great Eastern Takaful Berhad

Etiqa General Takaful Berhad
fwd-map
FWD Takaful Berhad

Level 29 Menara Shell, 211 Jalan Tun Sambanthan, Brickfields 50470 Kuala Lumpur

Hotline: –
Tel: 1300 13 7988
Fax: 603 2710 7800
Email: contact.my@fwd.com
Web: FWD Takaful

FWD Takaful Berhad
zurich-for-map
Zurich General Takaful Malaysia Berhad

Level 23A, Mercu 3, No 3, Jalan Bangsar, KL Eco City, 59200, Kuala Lumpur

Hotline: 1 300 888 622
Tel: 603 2109 6000
Fax: 603 2109 6888
Emailc: allcentre@zurich.com.my
Web: Zurich Takaful Malaysia Berhad

Zurich General Takaful Malaysia Berhad
takafulikhlas-for-map
Takaful Ikhlas Family Berhad

IKHLAS Point, Menara 11A, Avenue 5, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur

Hotline: –
Tel: 603 2723 9696
Fax: 603 2723 9998
Email: ikhlascare@takaful-ikhlas.com.my
Web: Takaful Ikhlas Family Berhad

Takaful Ikhlas Family Berhad
takafulmalaysia-for-map
Syarikat Takaful Malaysia Keluarga Berhad

Menara Takaful Malaysia, No.4, Jalan Sultan Sulaiman, 50000 Kuala Lumpur.

Hotline: 1300 8 TAKAFUL(825 2385)
Tel: 603 2268 1984
Fax: 603 2274 0237
Email: csu@takaful-malaysia.com.my
Web: Syarikat Takaful Malaysia Keluarga Berhad

Syarikat Takaful Malaysia Keluarga Berhad
swiss-re-for-map
Swiss Re Retakaful

Swiss Re Retakaful, Swiss Reinsurance Company Ltd, Kuala Lumpur Branch, No.10 Persiaran KLCC Level 13A-2, Capital Tower @ Platinum Park

Hotline: –
Tel: 603 2118 3800
Fax: 603 2118 3811
Email: –
Web: Swiss Re Retakaful

Swiss Re Retakaful
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Sun Life Malaysia Takaful Berhad

Level 11, 338, Jalan Tuanku Abdul Rahman, 50100 Kuala Lumpur

Hotline1 300 88 5055
Tel603 2612 3600
Fax603 2614 3550
Emailwecare@sunlifemalaysia.com
Web: Sun Life Malaysia Takaful Berhad

Sun Life Malaysia Takaful Berhad
prudential-map
Prudential BSN Takaful Berhad

Tingkat 13, Menara Prudential, Persiaran TRX Barat, 55188 Tun Razak Exchange, Kuala Lumpur

Hotline: 1 300 888 622
Tel: 603 2053 7188
Fax: 603 2026 7688
Email: customer@prubsn.com.my
Web: Prudential BSN Takaful Berhad

Prudential BSN Takaful Berhad
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Etiqa General Takaful Berhad

Level 21, Tower C, Dataran Maybank, No. 1, Jalan Maarof, 59000 Kuala Lumpur

Hotline: 1 300 13 8888
Tel: 603 2297 1888
Fax: 603 2297 1800
Email: info@etiqa.com.my

Etiqa General Takaful Berhad
etiqa-famili-2-map
Etiqa Family Takaful Berhad

Level 20, Tower B, Dataran Maybank, No. 1, Jalan Maarof, 59000 Kuala Lumpur

Hotline: 1 300 13 8888
Tel: 603 2297 1888
Fax: 603 2297 1800
Email: info@etiqa.com.my

Etiqa Family Takaful Berhad
AmMetLife Takaful Berhad

Level 23, Menara 1 Sentrum, No. 201,
Jalan Tun Sambanthan, 50470 Kuala Lumpur

Hotline: 1 300 88 8800
Tel: 603-2271 8000
Fax: 603-2171 3000
Email: customercare@ammetlifetakaful.com

AmMetLife Takaful Berhad
AIA PUBLIC Takaful Bhd.

Level 14, Menara AIA, 99, Jalan Ampang, 50450 Kuala Lumpur, Malaysia

Hotline: 1 300 88 8922
Tel: 603 2037 1333
Fax: 603 2056 3690
Email: my.customer@aiapublic.com.my

AIA PUBLIC Takaful Bhd.