Malaysia: Takaful operator collaborates with university on crop microtakaful plan

Source: Middle East Insurance Review | Apr 2020

MNRB Holdings’ wholly-owned unit, Takaful Ikhlas General (Takaful Ikhlas), is collaborating with Sultan Zainal Abidin University (UniSZA) on research into an affordable microtakaful scheme for farmers and smallholders in the country.

President and CEO Eddy Azly Abidin said Takaful Ikhlas would provide UniSZA research grants for a period of six months, reported Bernama News Agency.

He said the research would lead to a scheme that can provide protection and benefits to farmers and smallholders from crop damage due to natural disasters such as droughts and floods.

“Through this research, both parties will cooperate to fulfil farmers’ and smallholders’ needs in Malaysia and expand the takaful industry by offering innovative products to society,” he said in a statement. M

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