uforlife

U for Life eyes potential in life insurance

U for Life Sdn Bhd, which introduced online life insurance premiums for as low as RM9.85 a month, sees potential in what it thinks is an under insured market in Malaysia, with a goal of developing more insurance products in the future. U for Life is 60%-owned by the world’s…

Helpful Tips on insurance

What is Agreed Value

You may be asking what is agreed value and the difference against market value when insuring your motor vehicle.  Insurance company in the past provide insured coverage based on Market Value of your vehicle at time of insuring, but as time passes, your market value decreases, so what is the…

Manulife

Manulife launches Shariah-compliant flexi fund to deliver benefits of multi-market exposure

Kuala Lumpur – Manulife Asset Management Services Berhad today announced the launch of the Manulife Investment-ML Shariah Flexi Fund (the Fund), which is the sixth fund in the company’s award-winning Flexi Series of unit trusts. The Islamic mixed-asset growth fund seeks to provide long-term* capital appreciation to investors by investing…

takafl_malaysia

Takaful Malaysia Sees 15 Per Cent Overall Growth By Year-End

Syarikat Takaful Malaysia Bhd expects its overall company growth to hit 15 per cent this year versus 12 per cent recorded last year. Group Managing Director Datuk Seri Mohamed Hassan Kamil said the target is achievable, driven by positive market response to its product offerings. “Recently we launched two new…

allianz logo

Allianz cautiously optimistic, after double digit growth last year

Allianz Malaysia Bhd, which has recorded double-digit growth in gross written premiums (GWP) last year, is cautiously optimistic for the current year, despite a challenging market environment. “We grew by double digits last year. This year is going to be a challenging year, but we are still be able to…

allianz logo

Allianz Sees Not Much Impact On Insurance Sector From GST Implementation

LANGKAWI, June 16 (Bernama) — The implementation of the goods and services tax (GST) since April this year has not much impact on the general insurance business as far as Allianz General Insurance Co (M) Bhd is concerned. Its chief sales officer, Horst H. Habbig, said so far the company…

zurich insurance

Insurer raises funds for charity

ZURICH Insurance Malaysia Berhad recently helped raised funds to support the Spastic Children’s Association of Selangor and Federal Territory (SCASFT). Through its Global Community Week (GCW), a corporate social responsibility (CSR) that is aimed at contributing to the development and betterment of children, the insurer contributed a total of RM100,000…

libertyinsurance

Liberty Insurance optimistic on growth

Liberty Insurance Bhd is optimistic about its business growth this year, supported by its automotive insurance segment. Its chief executive officer David Tan See Dip said the automotive segment now contributed 75% to the company’s earnings. “It is certainly a growth area for us and our market share in that…

AIC

AIC Outlines Strategies To Spur Industry Growth To 7 Per Cent

KUALA LUMPUR, May 20 (Bernama) — The ASEAN Insurance Council (AIC) is planning to execute a two-year masterplan to further drive ASEAN insurance industry growth to seven per cent from 2.4 per cent in 2013. The insurance penetration is expected to grow, in line with integration under the ASEAN Economic…

Al Rajhi i-medic

Al Rajhi Bank Launches New Medical Plan

May 26 (Bernama) — Al Rajhi Bank has launched a new medical plan, i-Medic, offering affordable and comprehensive medical and hospitalisation coverage. The new product is in partnership with AIA PUBLIC Takaful Bhd. “i-Medic will enable Al Rajhi Bank to strengthen its bancatakaful products offering and create an opportunity to…