Kuala Lumpur, 22 August 2014 - AIA PUBLIC Takaful Bhd. (AIA PUBLIC) has declared a total surplus of RM8.5 million for the financial year ended 30 November 2013, of which RM4.3 million will be distributed to its participants of over 36,000 certificates, marking the first surplus distribution since the company’s inception three years ago.
The distribution will benefit eligible customers who had participated in Takaful products offered by AIA AFG Takaful Bhd. and ING PUBLIC Takaful Ehsan Berhad, the two companies which had integrated their businesses in March 2014 to form AIA PUBLIC.
AIA PUBLIC Chief Executive Officer Wan Azman Wan Mamat said AIA PUBLIC is committed to offering the right Shariah solutions to meet the different life stages needs of its customers. “We are also focused on ensuring all claims are managed properly and in an ethical manner. By doing so, we are pleased to share a surplus with our customers this year,” he added.
The surplus will be distributed to those who are registered as a customer of AIA PUBLIC as at 30 November 2013, do not have any outstanding contribution payments and have not made any claims. The surplus amount paid will also vary from one customer to another depending on the size of their contribution, amount of coverage and certificate period.
Takaful not only benefits claimants but also takes care of non-claimant customers, who stand to receive a proportionate share of distributable surplus arising from the risk fund at the end of a defined period.