Great Eastern's Targets

Great Eastern's targets for 2009 and beyond:

• Weighted new business premium: RM800 mil in 2009 (27% growth)
• Roll out investment-linked products in June/July 2009, focusing on protection, investment, education and retirement
• Enhance stand-alone medical products
• New branches for Seberang Jaya and Petaling Jaya in 2 to 3 years
• Banacassurance partnership with OCBC within 3 months
• 3 bancassurance products
• 3,000 Life Planning Advisory (LPA) graduates by end of 2010

Other statistics and information on GE:

• NB premium of RM629 mil in 2008
• Q1 2009 NB weighted premium: RM170 mil, Q1 2008: RM107 mil, growth 59%
• 17,000 agents
• 2.25 mil policyholders
• 2.8 mil policies in force
• Agency contributes 95% of NB
• 24 branches
• Assets > RM37 bil
• 600 LPA graduates so far
• LPA graduates' productivity is 2.5 times of the average agent

In 2008, Great Eastern set a NB premium target of RM1 bil.

Source: Business Times, The Star