Archive for the ‘Insurance/Takaful/Banking Industry’ Category
Great Eastern’s recipe for success
Customer-centric approach helps drive insurer’s growth
KUALA LUMPUR: Great Eastern Life Assurance (M) Bhd, which turns 100 Tuesday, attributes its successful trail and continuous growth to its customer-centric approach, agency and staff development, strong financial standing and reputable brand name.
Chief executive officer Koh Yaw Hui said it had always been the philosophy of the company - [...]
MNRB takaful business to drive future growth
KUALA LUMPUR: MNRB Holdings Bhd, which has 60% market share of the local reinsurance business, expects its takaful and retakaful businesses to drive revenue growth in the coming years.
Chairman Sharkawi Alis said for the financial year ended March 31 (FY08), wholly owned unit Takaful Ikhlas Sdn Bhd’s gross contribution improved significantly to RM427.5mil from RM223.9mil [...]
CIMB to invest RM5mil in cafe banking outlets
KUALA LUMPUR: CIMB Bank Bhd will invest up to RM5mil in 10 cafe banking outlets in collaboration with Old Town International Sdn Bhd within two years.
Head of consumer sales and distribution Sulaiman Mohd Tahir said the banking group was the first to integrate its services with food and beverage outlet OldTown White Coffee cafe and [...]
MNRB Retakaful sees higher overseas trade
KUALA LUMPUR: MNRB Retakaful Bhd expects international business to contribute 20% to its total revenue by financial year ending March 31, 2009 from the current 10%.
President and chief executive officer Ismail Mahbob said the target was in line with the company’s expansion plan to further tap overseas takaful markets.
”We are looking to expand our operations [...]
MAA offers new investment scheme
Product provides capital guarantee and returns higher than fixed deposit rates
KUALA LUMPUR: Malaysian Assurance Alliance Bhd (MAA Assurance), in tandem with rising global inflation and volatile equity markets, has launched a structured investment product that provides capital guarantee and returns higher than fixed deposit rates.
The product, Master Capital Guaranteed Plan Swing 6, is syariah compliant [...]
PruBSN PLANS TO BOOST POSITION IN NON-MUSLIM TAKAFUL MARKET
KUALA LUMPUR, Aug 8 (Bernama) — Prudential BSN Takaful Bhd (PruBSN) plans to expand its takaful market, including strengthening its position in the non-Muslim market, which makes up 35 percent of its customers.
“We will continue to educate the public that takaful is not meant for Muslim certificate holders only,” said its chief executive officer Mohamad [...]
Reaping the rewards … by being human
PRUDENTIAL WEALTH PLANNERS
Today, insurance is something that many of us own, in one form or another. If you have ever purchased an insurance policy, chances are you would have bought it through an insurance agent who is either a family member, a friend, or a friend of a friend, and so on.
The reality is, more [...]
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 [...]
