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Purpose: This blog provides brief insurance news and digest for the busy executives. It is a handy archive covering major insurance news in Malaysia and nearby countries. 

Disclaimer: While all attempts are made to ensure the accuracy of the news herein, we are not liable for any loss arising from the use of any information contained in this blog.

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AIA Public Takaful declares surplus distribution 

36,000 certificates benefited

AIA Public Takaful declared a total surplus distribution of RM8.5 mil for FY 11/2013 covering over 36,000 certificates. This 1st surplus distribution came after the company has been in operation for less than 4 years. http://bit.ly/TAS140822a

Friday, August 22, 2014 9:09:00 PM Categories: AIA PUBLIC
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Etiqa debuts in Singapore 

12 products and 9 riders planned

Etiqa makes debut in Singapore and aims to be the top 10 life insurer in 5 years' time. The insurer looks to launch 12 products and 9 riders. The launch of Etiqa comes at the conclusion of Maybank's 10-year partnership with Prudential. http://bit.ly/TAS140813a

Wednesday, August 13, 2014 9:06:00 PM Categories: Etiqa
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MAS specifies direct-purchase life insurance products 

Products will pay zero commission

Insurance News

  -  August 2, 2014
Singaporeans will be able to buy certain types of life insurance products directly from insurance companies next year without paying any commission. MAS has specified the following types of insurance products to be made available for direct purchase: 1) Term Life with TPD cover (5 years renewable, 20-year term, term expiring at age 65); 2) Whole Life (premium ceases at ages 70 and 85); 3) Optional CI rider.  http://bit.ly/TAS140802a http://bit.ly/TAS140802b 

 

Saturday, August 2, 2014 6:43:00 PM Categories: MAS
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