MTA aims to double takaful penetration in Malaysia to 40% in four years

KUALA LUMPUR: The Malaysian Takaful Association (MTA) targets to double the takaful penetration in Malaysia to 40% from 20% in four years under the Hijrah 2027 Strategic Plan on the back of the untapped market potential where 46% Malaysians are still unprotected.

MTA CEO Mohd Radzuan Mohamed said there is a substantial market potential in Malaysia as 46% of people are still lacking…