• :

Consumer Zone

Glossary

Browse By Letter

E

  • Earned contribition,Net contributions less provision for reserved for unearned contribution (RUC) at the year-end income plus the RUC at the beginning of the year.
  • Excess of loss treaty,A type of reTakaful treaty which provides that the reTakaful operator pays all or a specified percentage of a loss arising from a particular occurrence or event (frequently of a more or less catastrophic nature) in excess of a fixed amount and up to a stipulated limit
  • Expense rate,The ratio of total expenses for the year (including commissions, saleries, etc) to the sum of total contribution income other than single contribution and consideration for annulties

Search by Keywords

Copyrights ©   Malaysian Takaful Association. All Rights Reserved.

Web Design by Optima
Best viewed using IE version 8.0 and above with 1024 x 768 resolution

Back to Top