The Malaysian Trades Union Congress

MTUC: Extend cover to a year

MTUC will suggest that the proposed Employment Insurance Scheme (SIP) to cover retrenched workers to be extended from six months to a year. Its acting president Abdullah Sani said he personally backed the scheme, which was aimed at helping laid off workers with their expenses until they found new jobs….

MAA Takaful

MAA can advance with disposal of Takaful arm

M AA GROUP Bhd, which has been having funding issues despite being cash-rich, may have finally found a reprieve with the sale of its Takaful arm, MAA Takaful Bhd. Due to its Takaful business, MAA Group’s activities had been restricted by the Islamic Financial Services Act 2013 (IFSA). It also…



Persatuan Insurans Am Malaysia (PIAM) has elected Mr. Antony Lee, CEO of AIG Malaysia Insurance Bhd as its Chairman at the Association’s 38th Annual General Meeting held on 22 April 2016. Mr. Antony Lee said “It’s a great honour for me to be given this opportunity to lead the Management…


Syarikat Takaful Pre-tax Profit Eases To RM58.16 Mln

April 19 (Bernama) — Syarikat Takaful (M) Bhd’s pre-tax profit for the first quarter ended March 31, 2016 fell to RM58.16 million from RM62.22 million in the same quarter last year. Revenue, however, rose to RM633.24 million from RM562.46 million previously, it said in a filing to Bursa Malaysia today….


AIA Public Takaful To Focus On Bumi Market, Full-time Agents

AIA Public Takaful Bhd is optimistic on the potential of capturing a larger Bumiputera market this year given the low penetration rate, growing middle-class population and strong economic fundamentals. Takaful coverage in the Bumiputera segment currently stands at 15 per cent in the country, said Chief Executive Officer Elmie Aman…

allianz logo

Allianz Life Eyes Over 10,000 Clients For Allianz PrimeSaver

Allianz Malaysia Bhd’s (AMB) wholly-owned unit, Allianz Life Insurance Malaysia Bhd (Allianz Life), is eyeing over 10,000 clients for its new universal life savings plan — Allianz PrimeSaver — in the first year. Allianz Life Chief Product Officer of Strategy & Product Division, Chin Tze How, said the plan was…


Great Eastern Takaful Launches I-Great Salam

KUALA LUMPUR, April 1 (Bernama) — Great Eastern Takaful Bhd (GETB) has launched i-Great Salam, the latest family takaful plan to cater for the needs of those who want better healthcare. Chief Executive Officer Zafri Ab Halim said the plan would enable policyholders to enhance their access to medical facilities…


AIA’s new business surges

KUALA LUMPUR: AIA Bhd posted commendable results which saw its value of new business premiums (VONB) surging by 27% for fiscal year ended Nov 30, 2015, its third consecutive year of strong growth despite tough market conditions. Total amount of VONB for financial year 2015 stood at RM673mil. The growth…


Takaful Malaysia Bags ‘The Best Takaful Company In Malaysia’ Award

KUALA LUMPUR, March 8 (Bernama) — Syarikat Takaful Malaysia Bhd has been named ‘The Best Takaful Company in Malaysia’ for the fourth consecutive year at the International Takaful Award 2016, held in London recently. In a statement today, Takaful Malaysia said the award was in recognition of its strength in…

axa insurance

AXA AFFIN Hopes To Secure 5,000 Policyholders For Cancer Care Insurance Plan

AXA AFFIN Life Insurance Bhd, a joint venture between AFFIN Holdings Bhd and AXA Group, hopes to register 5,000 policy holders for its newly launched cancer care insurance plans. AXA AFFIN Life Chief Executive Officer Loke Kah Meng said an estimated premium in excess of more than RM10 million was…