Archive for July, 2008
Retirement income plan from Manulife- The Star Malaysia
KUALA LUMPUR: Manulife Insurance (M) Bhd has launched its Secure Income Plus, said to be a first-of-its-kind investment-linked retirement income plan in the country.
In a statement, Manulife said the product offered a guaranteed withdrawal benefit (GWB) to provide a regular stream of retirement income for at least 20 years or income for life from age [...]
MAA Takaful unveils all-cancer coverage
BY DALJIT DHESI
It’s believed to the first standalone comprehensive cancer plan KUALA LUMPUR: MAA Takaful Bhd, the latest entrant into the takaful market, has launched what is believed to be the industry’s first standalone comprehensive cancer plan that covers all forms of cancer. Called MAA Takaful CancerCare, the scheme offers benefits at both early and [...]
Stable interest rate aid businesses
PETALING JAYA: If Bank Negara had raised its overnight policy rate (OPR) last Friday, it would have added an extra load on the backs of manufacturers and property developers, as well as individuals with housing loans.
It did not raise the OPR that remains at 3.5%. That was a form of reprieve for manufacturers and developers [...]
Al Rajhi Bank buys i-City offices for RM95m
KUALA LUMPUR: Al Rajhi Bank (Malaysia) Bhd made its first foray into Malaysia’s real estate investment by proposing to acquire 36 office suites at i-City Cybercentre 1 in Shah Alam from I-Bhd for RM95mil.
I-Bhd announced Monday that both parties had signed a sale and purchase agreement for the bank to purchase the 36 units at [...]
Maybank to keep lead in takaful - The Star Malaysia
KUALA LUMPUR: Malayan Banking Bhd (Maybank) is confident of maintaining its position as the largest takaful operator in Malaysia after receiving good response for its latest product, Takaful Al-Waqi.
Since the soft launch on Monday, it has collected about RM30mil subscription from investors. Etiqa Takaful Bhd, the insurance and takaful division of Maybank, is in charge [...]
HLA product draws RM10mil premiums- The Star Malaysia
KUALA LUMPUR: Hong Leong Assurance Bhd (HLA) has collected RM10mil in premiums since the soft launch of its HLA Promise life insurance policy on July 14.
Life division chief operating officer Loh Guat Lan said the policy was for customers as young as one month to 55 years old, hence the strong interest it had generated.
“HLA [...]
Prudential The Face You Can Trust Media Ads
Yesterday, I just received an email from Prudential Malaysia’s staff informing about advertising campaign about “The Face You Can Trust” on newspapers and televisions. It also given a schedule that we can follow. Then, got some questionnaire survey that I would ti fill up related to the campaign. Hmm… it would be much improvement methinks. [...]
Insurance framework ready next year- The Star Malaysia
KUALA LUMPUR: Insurance and takaful brokers will have a self-regulatory framework ready by end-September next year that will enable them to have more freedom to operate and oversee members of the industry.
Malaysian Insurance and Takaful Brokers Association (MITBA) chairman Mohamad Abdullah said a taskforce was set up last year to work with Bank Negara to [...]
Average worker will have RM120,000 in EPF- The Star Malaysia
Posted by mobile phone:
By ZULKIFLI ABD RAHMAN
KUALA LUMPUR:
An average worker will have about RM120,000 in his Employee Provident Fund (EPF) account by the time he reaches the age of 55, Deputy Finance Minister Datuk Seri Ahmad Husni Hanadzlah said in Dewan Negara on Monday.
He added that the amount, which was calculated based on the [...]
Laptops for Prudential’s agents
Posted by mobile phone:
GEORGE TOWN: Prudential Assurance Malaysia Bhd plans for some of its 5,000 wealth planners to be able to conduct all transactions electronically any time and any where over the next three to five years.Chief executive officer Bill Lisle told a press conference that on Aug 4, some 1,000 of its wealth planners [...]
