FREE In­dus­try Brief­ing on Taka­ful and In­surance Ben­e­fits Pro­tec­tion Sys­tems (TIPS) 2012

Insurance - - ANNOUNCEMENT -

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

Tar­get au­di­ence

1. In­surance and taka­ful agents 2. Agency man­agers and lead­ers 3. Taka­ful op­er­a­tors 4. In­surance per­son­nel (claims per­son­nel, un­der­writ­ers, bro­kers, ad­justers, branch man­agers, etc.)

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