Selangor’s Free Insurance Scheme Will Offer Takaful Option From April

Implementation of the Selangor General Insurance Scheme program based on sharia-compliant methods is expected to start next month, according to the investment EXCO. Dato’ Teng Chang Khim who said the implementation needs to go through the procurement process in addition to being subject to the terms and conditions of the agreement with the chosen takaful service provider.

“The State Government will continue to provide a choice between the conventional method or takaful to ensure that this insurance coverage is benefited by all levels of society,” he said. Speaking on behalf of Dato’ Menteri Besar Dato’ Seri Amirudin Shari at the Selangor State Assembly, he said the state also always takes into consideration suggestions for improving the program.

The companies joining the program are Zurich General Takaful Malaysia Berhad, Etiqa General Takaful Berhad, Takaful Iklas General Berhad and Takaful Malaysia Berhad. INSAN is group general insurance coverage up to RM10,000, which is offered to six million Selangor citizens aged from 30 days to 80 years.

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