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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Monday, 2 February 2009
PPI sales to be restricted
UK will ban the sale of Payment Protection Insurance (PPI) alongside unsecured loans and credit agreements from 2010. The reason is the cover is frequently mis-sold and the rates are uncompetitive.
PPI provide cover for repayment of unsecured loans if the borrower loses their job, becomes too ill to work, or dies.
Source: Insurance Daily
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
- 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
- Views on EPF Pension
- Pension scheme for private sector employees
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