Page 246 - Full Book_24.4.2021

NOTES TO THE
FINANCIAL STATEMENTS

for the financial year ended 31 december 2020 (continUed)

22 TAkAFUL CONTRACT LIABILITIES (CONTINUED)
(a) provision for outstanding claims
the provision for outstanding claims and its movements are further analysed as follows:
2020
Gross
Net
Family Takaful Note RM’000 Retakaful RM’000
RM’000
inteGrated annUal rePort 2020 Provision for claims reported by participants 173,595 (10,103) 122,165
45,886
35,783
Provision for ibnr*
(51,430)
219,481
157,948
(61,533)
Provision for outstanding claims
General Takaful
Provision for claims reported by participants 434,985 (313,047) 121,938
Provision for ibnr* 264,625 (143,718) 120,907
240
699,610
242,845
Provision for outstanding claims note 50(b) (456,765) note 50(b)

bimb holdinGS berhad 199701008362 (423858-X) Group 49.5(b) 480,871 (323,150) 157,721

Provision for claims reported by participants
Provision for ibnr*

243,072
438,220
(195,148)
400,793

(518,298)
919,091
Provision for outstanding claims

note 10

* incurred-but-not-reported (“ibnr”)