Page 326 - Full Book_24.4.2021

NOTES TO THE
FINANCIAL STATEMENTS

for the financial year ended 31 december 2020 (continUed)

50 TAkAFUL RISk MANAGEMENT (CONTINUED)
(a) Family Takaful Fund (continued)
Sensitivities (continued)
the analysis below is performed for reasonable possible movements in each of the key assumptions, with all other
assumptions held constant, showing the impact on gross and net liabilities, and unallocated surplus. the correlation of
assumptions will have a significant effect in determining the ultimate claims liabilities. however, in order to demonstrate
inteGrated annUal rePort 2020 also be noted that movement in these assumptions are non-linear. Sensitivity information will also vary according to the
the impact arising from changes in assumptions, these assumptions had to be changed on an individual basis. it should

current economic assumptions.
Group
Impact
Impact
Impact on
Change in

on net
on gross
assumptions
liabilities
surplus
RM’000 liabilities unallocated
RM’000
RM’000
2020
320
mortality/morbidity rate +10% 369,843 224,435 (224,435)
discount rate -1% 259,131 193,146 (193,146)
Surrender rate -20% 90,200 47,129 (47,129)
bimb holdinGS berhad 199701008362 (423858-X) Mortality/morbidity rate +10% 335,691 190,790 (207,706)
2019
207,706
(190,790)
Discount rate
251,542
-1%
Surrender rate
(42,630)
82,005
42,630
-20%