Insurance News
Brief insurance news and digest for the busy executives. A handy insurance news archive with main focus on Malaysia. Disclaimer: While all attempts are made to ensure the accuracy of the news herein, we will not be liable for any loss arising from the use of any information contained in this blog. You may reproduce materials published here provided the source (news.actuaries.com.my) is properly acknowledged.
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Wednesday, 26 March 2008
HLTMT Launched Gulf Opportunities Plan
Hong Leong Tokio Marine Takaful (HLTMT) launched a new 3-year capital protection investment-linked plan - HLTMT Gulf Opportunities Plan (GOP).GOP's return is benchmarked against the performance of 3 assets classes: Middle Eastern Equities, Commodities and Foreign Currencies. The projected return is 10% p.a.
Minimum contribution for the plan is RM10,000, takaful coverage is 125% of initial contribution. Additional 0.1% units are allocated for contributions of RM50,000 and above.
The underlying structured product is provided by Citibank Islamic and GOP is distributed through Hong Leong Bank branches.
http://www.btimes.com.my/Current_News/BTIMES/Wednesday/Nation/tikoif.xml/Article/
About Me
- Name: Teh Loo Hai
- Location: Kuala Lumpur, Malaysia
Loo Hai is an actuarial recruiter cum actuarial consultant. He has over 20 years of work experience gained in Malaysia and Australia in the actuarial, insurance, takaful and pension fields.
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