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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Wednesday, 29 July 2009
Uni.Asia partners UOB
Following the financial liberalisation, Uni.Asia and UOB are the 2nd group to announce bancassurance venture. Great Eastern and OCBC made similar announcement last week.Some details:
- New business premium target: RM350 mil over 2 years, from Gain Assure II
- Uni.Asia ranked 2nd in bancassurance NB regular premium in 2008, aims to be No. 1 in 1H 2009
Interestingly, Great Eastern sets RM18 mil bancassurance NB premium target for 2009 with OCBC.
Information on Gain Assure II:
- 10-year SP Par endowment
- Minimum income bonus of 3.5% p.a.
- Premium: RM5,000 to RM500,000
- Entry age:14 days to 60 years
Source: Business Times, The Star
Labels: Bancassurance, Great Eastern, Liberalisation, Uni.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.
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