Sun Life Malaysia Takaful Berhad and Al Rajhi Bank Malaysia signed an exclusive 10-year bancatakaful agreement that will see Sun Life Malaysia as the sole distributor of Family Takaful products and services to Al Rajhi Bank’s 150,000 customers nationwide.

Since its foray into the Malaysian insurance industry back in 2013, Sun Life Malaysia has been focusing on growing its core bancatakaful business through exclusive partnerships.

UD Trucks and Tan Chong Industrial Equipment Sdn Bhd (TCIE) had scored another key milestone together when they recently rolled out the first-ever locally-assembled or complete knocked-down (CKD) medium-duty UD Croner truck from Segambut-based Tan Chong Motor Assemblies Sdn Bhd (TCMA).

This achievement made Malaysia the first market in the world to assemble the CKD Croner and rolling it out successfully for UD Trucks.

CIMB Islamic Bank Berhad launched Takaful Mulia, a first-in-market Takaful policy specially designed for Muslims to benefit from coverage upon death or Total Permanent Disability (TPD) , savings and benefits related to Islamic religious obligations such as waqf”, “zakat”, “fidyah/sadaqah”, and “hajj/umrah”.

Takaful Mulia also provides an additional 100 per cent of sum assured for accidental death or TPD that occurred in a mosque or surau, and/or while performing the Hajj or Umrah.