TM Asia's Goals and Statistics

TM Asia Life Malaysia Bhd has set the following goals:

• New business premium in 2008: RM190 mil, 76% growth
• Gross premium in 2008: RM553 mil, 26% growth
• To be top 5 life insurer by 2011
• Increase its market share to 5% in 4 years from 3% currently
• Increase agency force to 3,500 from 2,674 by year-end 2008
• To increase full-time agents from 30% to 45%
• Develop bancassurance channel
• Grow group insurance business by targeting Japanese companies in Malaysia
• Launch 4 products, mainly group retirement products
• Increase no. of policyholders to 280,000 from 220,000 by end of 2008

Some other statistics:

• Sold 7,000 policies for its 3 new products: Asia Precious Child, Asia Supreme Protector and Asia Cancer Shield since last year
• 16 branches in Malaysia
• 100 agency offices
• Total assests: RM3.4 bil
• Life insurance fund: RM3.1 bil

Source: Business Times & The Star