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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Tuesday, 3 February 2009
Asia PRISM
TM Asia Life launched Asia PRISM and targeting RM20 mil premiums in 2009.
Product features:
- PRISM stands for Protection, Retirement, Income and Savings, packaged within 1 Managed fund.
- Premium payment term: 20 years
- Guaranteed cash payment after 10 years (5 to 6.5% of SA), payable up to age 90
- After 10 years in force, can be converted to a fully paid-up policy
- It is a 3-generation product, similar to other such products in the market
- Entry age: 1 month to 65 years
- Sample premium: Age 35, SA: RM25,000, Premium: RM4,500
- Waiver of premiums if diagnosed with 36 CIs
On related news, Kenneth Wong (rightmost in picture) is now the General Manager of TM Asia, after leaving BNM.
Source: Business Times, TAS Research
Labels: Executive Movement, Products, TM Asia
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.
Previous Posts
- NAIC decided not to ease capital requirements
- PPI sales to be restricted
- Strategic investors for AIA Malaysia
- ACE to launch specialty lines products
- Allianz obtained retakaful licence
- Insurance and the crisis
- Prudential's interview with The Star
- MAA ties up with IEM
- No concrete merger plan for HLA yet
- PacificMas ceases talks with Aureos and EON
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