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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Monday, 16 February 2009
Great Eastern launched Centennial Wonder last week.
- Limited-pay endowment
- Guaranteed annual income for 25 or 35 years
- Sales period: 2 months from 16/2/2009
Other business statistics:
- NB sales (total premium) in 2008: RM975 mil, 30% growth over 2007, boosted by Centennial Max, SP ILP
- 4 to 5 products planned for 2009, including retirement plan and revamped medical plan