(The Edge) KUALA LUMPUR: Bank Negara Malaysia has been ordered by the Minister of Finance to assume control of Tahan Insurance Malaysia Berhad (Tahan) effective May 22 to safeguard the interests of Tahan’s policy owners. Bank Negara said on May 22 the order was made pursuant to subsection 59(4)(a) of the Insurance Act 1996. Tahan ...
PUTRAJAYA, May 23 (Bernama) — Takaful Ikhlas Sdn Bhd expects to rake a higher premiums of RM80 million in 2010 financial year from RM49.1 million last year with the launch of its Ikhlas Cash Incentive Campaign. The campaign is for its insurance plans, Ikhlas Takaful Gadaijanji and Ikhlas Takaful Pemilik Rumah, for borrowers from the ...
PROTON Dealers Association Malaysia (Peda) said the direct rebate for motor insurance will “destroy” the automotive eco-system, particularly the dealers network. The association warned insurance companies that it will call for a boycott if the proposal is implemented. The proposal came from the General Insurance Association of Malaysia (Piam) and was approved by Bank Negara ...
GREAT Eastern Life Assurance (Malaysia) Bhd, the Malaysian unit of Singapore based Great Eastern Life Assurance Co Ltd, aims to rake in new business premiums of RM800 million this year, on product innovation and the help of its agency force. New business premiums stood at RM629 million in 2008. “Our sales target for 2009 is ...
(The Edge) KUALA LUMPUR: HSBC Amanah Takaful Sdn Bhd, the Islamic insurance arm of HSBC Amanah Malaysia Bhd, doubled the collection of premiums to RM30 million in the last six months from RM15 million in the preceding six-month period. HSBC Amanah Takaful executive director and chief executive Zainudin Ishak said the collection of regular premiums ...