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Claims cost will come down post GST - MII 

MII believes that the motor claims experience will improve with the introduction of GST. The total cost of claims will come down because the workshop can seek reimbursement on the input tax. http://bit.ly/TAS140918b

Thursday, September 18, 2014 9:13:00 PM Categories: MII
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News Posts 20121001-20121007 

Insurance News

4 Oct 2012  -  Public
 
With the removal of the 8% tax on investment income of the annuity fund and RM3,000 tax relief on annuity premiums, insurance companies are likely to launch a slew of annuity products in the near future.  http://bit.ly/TAS1004b

INSURERS are set to launch a slew of annuity products in the near future now that the government has proposed to remove the eight per cent investment income tax on deferred annuity.

Insurance News

4 Oct 2012  -  Public
 
The takeover deal of ING Malaysia and Thailand by AIA could be completed by year-end and it is worth US$1.8 bil. http://bit.ly/TAS1004a
Talks in advanced stage for AIA to buy ING’s ops in Malaysia and Thailand »
PETALING JAYA: A deal worth about US$1.8bil could be struck very soon between AIA Group Ltd and ING Group for the former to acquire the latter’s insurance operations in Malaysia and Thailand as part o...
 

Insurance News

2 Oct 2012  -  Public
 
MII has been asked to conduct a research on the adequacy of medical cover and the reasonableness of medical insurance premiums in Malaysia.http://bit.ly/TAS1002a
Call for medical insurance study to ensure consumers adequately covered at reasonable charges »
KUALA LUMPUR: There is a need for a comprehensive research in the area of medical insurance to ensure consumers are adequately covered with reasonable charges, Deputy Finance Minister Datuk Donald Lim...

Insurance News

1 Oct 2012  -  Public
 
MAA Takaful claimed leadership in regular investment-linked (basic) and single premium investment-linked businesses with market shares of 31% and 54% respectively. It attributed the success to company's agency force, "war room" concept, products and services as well as its technology and online initiatives.http://bit.ly/TAS1001d
MAA Takaful out to maintain leadership in investment-linked business »
KUALA LUMPUR: MAA Takaful Bhd, a wholly-owned subsidiary of MAA Group Bhd, is confident of maintaining its market leadership in the investment-linked business, notably in the regular investment-link...
 
Insurance News1 Oct 2012
 
Anyone has the corresponding market share figures for PruBSN?

Insurance News

1 Oct 2012  -  Public
 
Steve Ong, the previous CEO of ING Funds, has taken up a new role as the CEO of the Private Pension Administrator Malaysia. http://bit.ly/TAS1001c
Steve Ong is CEO of PPA »
PETALING JAYA: The Private Pension Administrator Malaysia (PPA) has appointed Datuk Steve Ong Chong Gain (pic) as its chief executive officer with effect from Oct 1.

Insurance News

1 Oct 2012  -  Public
 
Great Eastern is planning to launch an annuity product by year end to take advantage of the RM3,000 tax relief. Its new business weighted premium grew 8% in 1H, the number of agents grew 27% and the Malay agents grew 179%. In 2H, it would focus on protection-based products in particular medical and critical illness products. http://bit.ly/TAS1001b
Great Eastern records 8% growth in new biz premium in H1 »
Great Eastern Life Assurance (Malaysia) Bhd recorded 8% growth in total weighted new business premium in the first half of 2012 and it expects stronger momentum in the second half, with continuous foc...

 

Posted by Loo Hai Wednesday, October 17, 2012 4:16:00 PM Categories: AIA Annuity Great Eastern ING MAA Merger MII PRS
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