Latest news with #TakafulStarAwards2025
The Star
3 days ago
- Business
- The Star
Prudential BSN leads in Family Takaful for the 12th year
Wan Saifulrizal (right) said that PruBSN is committed to offering affordable yet comprehensive coverage despite the rise of medical claims inflation. Prudential BSN Takaful Berhad (PruBSN) is named Malaysia's Best Takaful Operator – Family Takaful Agency Business for the 12th year at the Takaful Star Awards 2025. The award by the Malaysia Takaful Association (MTA) reaffirms PruBSN's excellence in the Family Takaful segment since its establishment in 2006. For almost two decades, the company has demonstrated significant growth while staying focused on its mission to deliver accessible, Shariah-compliant protection solutions to all Malaysians. Better solutions for the future According to PruBSN chief executive officer Wan Saifulziral Wan Ismail, medical claims inflation has risen by about 16% annually between 2021 and 2023 as inflation and healthcare costs have soared over the years. Despite this, he maintains that PruBSN is committed to offering quality protection solutions that strike the right balance between affordability and comprehensive coverage. 'We continue to focus on sustainable innovation – enhancing value for our customers without compromising coverage and the quality of protection. Wan Saifulrizal receiving the award from MTA chief executive officer Mohd Radzuan Mohamed. 'Through continuous education, we ensure our customers are empowered to make informed decisions,' said Wan Saifulrizal. Wan added that a total of RM1.2bil was disbursed across all types of claims in 2024 alone, ensuring timely and comprehensive support for peace of mind. As healthcare needs grow more complex, PruBSN has expanded its offerings that are customisable and affordable including PruBSN AnugerahMax, PruBSN Asas360, Medik Asas, Crisis TotalCare, Medic TotalCare and Health360 to meet Malaysians' evolving needs. With healthcare expenditure projected to double by 2028, these solutions are built to address both physical and financial risks, empowering Malaysians to face life's uncertainties with confidence. Inclusive and accessible healthcare At the heart of PruBSN's philosophy lies the spirit of Ta'awun – the principle of mutual assistance. PruBSN's Tabarru' fund enables participants to support one another in times of need, reflecting the company's commitment to inclusive, accessible healthcare and social sustainability. According to Wan, PruBSN's Microtakaful Jariyah initiative embodies this spirit by offering complimentary protection to B40 breadwinners. The programme supports underserved communities by offering coverage to more than 188,000 individuals, with nearly RM5mil in claims disbursed since its inception. PruBSN team celebrating the win as the Best Family Takaful Operator. At the forefront of inclusive Takaful ecosystem PruBSN has earned other recognitions during the prestigious awards night including third place in Top Unit Manager, first place in Top Agency Manager (Direct), second place in Top Agency Manager (Group), first place for the MDRT Builder Award, a special award for MTA Member Companies Top Agency/Agent/Intermediaries, as well as several Institution categories for best Takaful products such as Critical Illness Plan, Terms Plan, Social Takaful Fund and Microtakaful. The Takaful Star Awards, presented annually by MTA, recognise exemplary performance among Takaful operators, agents and industry leaders. PruBSN remains resolute in its commitment to deliver value-driven, sustainable protection solutions that support the health, security and financial well-being of all Malaysians.
Barnama
6 days ago
- Business
- Barnama
Great Eastern Takaful Wins Nine Awards At Takaful Star Awards 2025
GENERAL KUALA LUMPUR, May 27 (Bernama) -- Great Eastern Takaful Berhad (GETB) has won nine accolades for its excellence at the Takaful Star Awards 2025, hosted by the Malaysian Takaful Association (MTA). The awards, including Top Rookie Agent, Top Unit Manager, Top Agency Manager and Top Agent, reflect not only the strength of GETB's offerings but also the company's unwavering mission to safeguard the wellbeing of individuals and communities in need. 'These accolades reflect the vital role played by our takaful advisors in connecting Malaysians with the protection they need. 'As one of the distribution arms of its products, they are instrumental in delivering personalised solutions and building lasting relationships with our valued customers,' GETB said in a statement today. GETB chief executive officer Shahrul Azlan Shahriman said that the achievements of its takaful advisors was proof of its continued effort in training, development, and support system that empower them to succeed. 'As we mark 15 years of serving Malaysians, we are proud that our takaful advisors have been recognised for their excellence and dedication,' he added. Besides individual protection, Great Eastern Takaful offers comprehensive group protection solutions, providing Takaful coverage tailored to businesses, associations, and communities. Under the Family Takaful Group Business category, Great Eastern Takaful bagged the Top Group Business Producer and Top Group Business Corporate Agency Awards. 'These recognitions reinforce our purpose to provide accessible yet trustworthy takaful protections to individuals or organisations.
Barnama
7 days ago
- Business
- Barnama
Twelve-time Winner: PruBSN Maintains Top Spot In Family Takaful At MTA Awards
KUALA LUMPUR, May 26 (Bernama) -- Prudential BSN Takaful Berhad (PruBSN) has once again been named Malaysia's Best Takaful Operator – Family Takaful Agency Business for its 12th consecutive year at the Takaful Star Awards 2025, hosted by the Malaysia Takaful Association (MTA). In a statement issued today, PruBSN said that this continued recognition reaffirms the company's commitment to excellence in the Family Takaful segment since its establishment in 2006. Over the past two decades, the company has demonstrated consistent growth, offering Shariah-compliant protection solutions that are accessible and relevant to the evolving needs of Malaysians. According to PruBSN chief executive officer Wan Saifulrizal Wan Ismail, the company remains committed to offering affordable, high-quality protection, despite inflation and a 16 per cent annual increase in medical claims costs between 2021 and 2023. 'Despite these challenges, we remain committed to offering quality protection solutions that strike the right balance between affordability and comprehensive coverage. 'We continue to focus on sustainable innovation – enhancing value for our customers without compromising coverage and the quality of protection. Through continuous education, we ensure our customers are empowered to make informed decisions,' he said in the statement. Wan Saifulrizal also mentioned that in 2024, PruBSN had disbursed a total of RM1.2 billion across all claims, reflecting the company's dedication to supporting customers during times of need. Its growing portfolio includes products such as PruBSN AnugerahMax, Asas360, Medik Asas, Crisis TotalCare, Medic TotalCare and Health360, all tailored to address rising healthcare demands and financial uncertainties. Driven by its core principle of Ta'awun (mutual assistance), PruBSN also champions community-focused initiatives like the Microtakaful Jariyah programme, which offers free coverage for B40 income segment. Since its inception, the initiative has reached over 188,000 individuals with close to RM5 million in claims paid out.
Barnama
25-05-2025
- Business
- Barnama
MTA Honours Achievements Of Outstanding Takaful Industry Players
GENERAL KUALA LUMPUR, May 25 (Bernama) -- The Malaysian Takaful Association (MTA) honoured the outstanding achievements of the nation's takaful industry players at the Takaful Star Awards 2025 (TSA 2025), held last night at the Malaysia International Trade and Exhibition Centre (MITEC). Themed "Honouring Excellence, Inspiring the Future", the event gathered more than 700 guests, comprising senior management of takaful and retakaful companies, Islamic finance industry experts and takaful agents nationwide. MTA chairman Wan Saifulrizal Wan Ismail said the awards were not merely a celebration of achievements, but also a recognition of individuals and organisations that have made significant contributions to society by upholding and promoting takaful values. 'Tonight, we are not just celebrating success, we are elevating those who have shown excellence and inspiring everyone to continue delivering takaful values to society. This is about the impact, trust and social love that we deliver," he said in his opening speech. Meanwhile, MTA chief executive officer Mohd Radzuan Mohamed said the awards reflect the evolution of the industry, which is centred on value, effectiveness and a sustainable future. "Through the Hijrah27 industry transformation plan, we are committed to building a more dynamic and high-impact takaful ecosystem', he said. He added that this year, MTA witnessed the success of various initiatives, including the Professionalism of Insurance and Takaful Agents (PITA) and the Value-Based Intermediation Roadmap for Takaful (VBIT), which have set new benchmarks in empowering professionalism, digitalisation and a high-performance culture among takaful agents and operators. TSA 2025 also saw the introduction of the Trailblazer Award: Anugerah Inspirasi Hijrah, which was given to the Pilgrims Fund Board, through the TH Khairat initiative, for its extraordinary support for the Hijrah27 transformation, as well as making a real impact in expanding access and acceptance of takaful protection in Malaysia. A total of 68 recipients were recognised across 31 award categories, reflecting excellence in various segments of takaful services.
