Insurance Asia News, 8/8/2020
The industry is reaching out to policy/certificate holders and nominees to update records and speed up payments of potential death benefits KUALA LUMPUR, Aug 10 (Bernama) — The Life Insurance Association of Malaysia (LIAM) and the Malaysian Takaful Association (MTA) together with their member companies are urging policy/certificate holders to update their nominees’ details to expedite future payment of death benefits. In the coming weeks, both LIAM and MTA will be embarking on a community service engagement exercise which is intended to expedite the payouts of eligible death claims and to ensure more Malaysians enjoy the benefits of insurance and takaful coverage.
