Professional Documents
Culture Documents
Compliant Products
4 August 2010
Our Focus
Takaful Products
Overview
Takaful Products
Product Strategy – Key Drivers
Distribution Channel
• Channel appetite – Agency vs. Banca vs. DMTM ?
• Design according to channel profile
Customers’ Needs
• Investment linked for everyone? One size fits all?
• Buy term invest the rest ?
Market Profile
• Mass/High Net worth
• Urban/Rural?
• Muslims/Non‐Muslims – Takaful for all?
Company’s strategy
• Profitability
Takaful Funds
Traditional Savings
• Driven by traditional savings product type whereby participants cannot
choose the investment funds
• TO will determine the investment strategy (on advice by Fund
Manager) to maximise returns
Investment Link
• Similar to unit trust
• Customers to choose to invest in funds that suit their risk appetite
• Typically invest in local equities
equities, local fixed income
income, balanced portfolio
Products & Funds ‐ Key Challenges
Product
Innovation
Consumer Human
Awareness/
Education Resources
Distribution Suitable
Capability Challenges Assets