Date: 27 August 2008-->It’s believed to the first standalone comprehensive cancer plan
MAA Takaful Bhd, the latest entrant into the takaful market, has launched what is believed to be the industry's first standalone comprehensive cancer plan that covers all forms of cancer.
Called MAA Takaful CancerCare, the scheme offers benefits at both early and advanced stages of cancer.Chief executive officer Salim Majid Zain said: “The plan is the first of its kind in the takaful industry.
Apart from that, it is unique in that it pays out the benefits at the first stage of cancer for 10 gender-specific cancers to assist the policyholder in seeking the necessary treatment. These gender-specific cancers are common cancers.“This day and age, no one can say for sure that cancer can be avoided.
But with medical advances, it is possible to diagnose most forms of cancer early. That is why our focus is to ensure the survival of our policyholders.”Salim Majid ZainThe company expected the product to rake in about RM10mil in contribution in the first year.
In the first week of its launch, MAA Takaful managed to secure 138 cases (policies). The product was launched early this month.According to Salim, treating cancer is expensive and the number of people dying from cancer is on the rise.
Worldwide every year, cancer strikes 11 million people, both adults and children, and six million die from it annually.
Salim said in Malaysia currently, about 45,000 people had been diagnosed with this deadly disease. Cancer is the second leading cause of death after heart disease in the country, he noted.This article was first published in The Star on 29. July 2008For further reading, kindly visit www.thestar.com.my
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