FREE Industry Briefing on Takaful and Insurance Benefits Protection Systems (TIPS) 2012
You are cordially invited to attend a free briefing on TIPS by Perbadanan Insurans Deposit Malaysia (PIDM). TIPS is established by the Government to protect owners of takaful certificates and insurance policies from the loss of their eligible takaful or insurance benefits in the unlikely event of a failure of a takaful operator or an insurance company. With the enactment of the new “AKTA PIDM”, TIPS was brought into effect on 31 December 2010 and is administered by PIDM. The implementation of TIPS is also expected to promote the growth of the insurance and takaful industry. A nationwide briefing series is organised to keep insurance and takaful agents, and the employees of the takaful and insurance companies updated with the Enhanced Financial Consumer Protection Package, which includes TIPS and the new deposit insurance limit of RM250,000.
The brefing will cover:
1. Enhanced Financial Consumer
Protection Package 2. Akta PIDM 2011 3. Takaful and Insurance Protection Benefits
System (TIPS) 4. Guidelines on the use of PIDM’s Protection and
Membership Representation in advertisements 5. Deposit insurance system 6. Public awareness initiatives
1. Insurance and takaful agents 2. Agency managers and leaders 3. Takaful operators 4. Insurance personnel (claims personnel, underwriters, brokers, adjusters, branch managers, etc.)