KUALA LUMPUR, April 8 (Bernama) — Hong Leong Tokio Marine Takaful Bhd (HLTM Takaful) is eyeing RM2 million in premium contribution by year-end from its newly launched “Matta Haj and Umrah Personal Accident Takaful Scheme.
General Manager (Channel Management) Abdul Khalid Salleh said the company was confident of achieving the target as the scheme has been made compulsory for Haj and Umrah (minor haj) pilgrims.
Furthermore, umrah pilgrims are on the rise, he said.
The affordable scheme was jointly developed by HLTM Takaful and the Malaysian Association of Tour and Travel Agents (Matta), he told reporters after the signing of a memorandum of understanding between HLTM Takaful and Matta.
Three plans — basic plan, premium plan and premium plus plan — are offered under the scheme which provide for emergency medical evacuation, repatriation of mortal remains, medical expenses coverage, funeral allowance and “Badal Haji” (performing Haj on behalf of the deceased and permanently disabled person), he added.
Meanwhile, Matta president Datuk Mohd Khalid Harun said the scheme conformed to the Tourism Ministry’s requirements under Section 6 (1A) of the Tourism Industry Act 1992.
Under the section, it was compulsory for Haj and Umrah pilgrims to have a valid Takaful coverage, he said.
Khalid said Umrah pilgrims are expected to increase by 10,000 to 100,000 this year as compared to 90,000 last year.
“This collaborative arrangement will ensure Malaysian Muslims travelling abroad on Haj and Umrah pilgrimage will have adequate insurance coverage or Takaful protection,” he added.