uforlife

Ravinder’s Online Approach To Insure More Malaysians

Malaysians often perceive insurance as an expensive and complicated investment that involves a long application process, says U for Life Sdn Bhd founder Ravinder Singh. There are over hundreds of insurance products offered by 14 life insurance and 11 takaful companies in the country, hence the people are spoilt for…

Allianz logo

IJM Land underwrites insurance schemes

In a move to mitigate unemployment fears and its effect on property sales, IJM Land Bhd is working with insurance companies Allianz Life Insurance Malaysia Bhd and Allianz General Insurance Company (Malaysia) Bhd to underwrite three insurance schemes for house buyers for 36 months from the date of signing the…

AmMetLife

AmMetLife Launches Endowment Plan To Protect Financial Goals

AmMetLife Insurance Bhd has launched a non-participating limited premium payment endowment plan, WealthSecure Smart. It has guaranteed cash payments every year, starting from the end of the first year of the policy. AmMetLife is a joint venture between AMMB Holdings Bhd and MetLife International Holdings Inc. In the statement Wednesday,…

Allianz logo

End of bancassurance deal with CIMB won’t hurt Allianz

Allianz Malaysia Bhd’s bancassurance agreement with CIMB Group Holdings Bhd, which is likely to be terminated upon expiry next year, will not adversely impact the insurer. Maybank Investment Bank (Maybank IB) Research said the impact from the expected termination would be “fairly negligible” at this stage. The research house said…

axa insurance

AXA Affin General Insurance is Asia Best Employer Brand

AXA Affin General Insurance Bhd (AAGI) has been named the winner of the Asia Best Employer Brand for 2016, in the Asia Best Employer Brand Awards. The award recognises employers who create a culture of contribution and innovation at work, practice being a social employer and develop future leaders. In…

Manulife

Manulife Keen To Have Takaful Arm

Manulife Holdings Bhd is still keen to venture into the takaful segment in Malaysia to complement its existing products, said Chief Executive Officer, Mark O’Dell. He said the move into the syariah-compliant insurance segment was still an unfulfilled ambition for the group. It could materialise one day either via organic…

Maybank

Maybank Ageas plans to double in size by 2020

Malaysia’s fourth largest insurer, Maybank Ageas, the insurance arm of Maybank Group, is aiming to double its size by 2020. The company has not ruled out acquiring other insurers to boost its ranking in Malaysia, said CEO Kamaludin Ahmad. Maybank Ageas is the parent company of Etiqa Insurance and Etiqa…

Zurich Takaful

MAA Takaful Berhad renamed to Zurich Takaful Malaysia Berhad

Zurich Insurance Group (Zurich) today announced that following its acquisition of MAA Takaful Berhad (MAAT), one of Malaysia’s leading Takaful providers, on 30th June 2016, MAAT has now been renamed to Zurich Takaful Malaysia Berhad (ZTMB) effective today. Salim Majid Zain, Chief Executive Officer of ZTMB, explained that the integration…

Hong_Leong_Assurance

HLA wins Domestic Life Insurer of the Year award

Hong Leong Assurance (HLA) was named Malaysia’s Domestic Life Insurer of the Year by Asian Banking and Finance’s inaugural Insurance Asia Awards 2016. With a total of 12 categories per country and four regional awards, HLA is the first insurance company to be awarded Domestic Life Insurer of the Year…

great-eastern-takaful

Great Eastern Takaful Eyes 20 Per Cent Rise In Customer Base In 2016

Great Eastern Takaful Bhd, the Islamic insurance arm of the Great Eastern group, is eyeing a 20 per cent increase in its customer base this year from the current 400,000 customers, buoyed by their existing and upcoming products. Chief Executive Officer Zafri Ab Halim said the group will be launching…