AXA Affin Life opened its branch in
Kota Kinabalu today. http://bit.ly/TAS0720c
KOTA KINABALU: The outlook for the
financial services industry, particularly in the insurance sector, is positive
as Malaysia's increasing population and rising disposable income will result in
more p...
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It is a bit confusing now. Is the
PRS: (a) Lump sum only scheme; (b) Pensions only scheme; or (c) You can choose
to receive lump sum or pensions. I always thought it is (a) but the minister
seems to say otherwise. http://bit.ly/TAS0720b
KLANG: The Private Retirement Scheme
(PRS) will enable workers who contribute to receive money every month rather
than a lump sum when they retire, said Human Resources Minister Datuk Seri Dr
S. Subra...
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Standard Chartered Saadiq will start
selling PruBSN's products under a bancatakaful agreement. The products include
SmartEdu-i, FirstHorizon-i and LifeLink-i. http://bit.ly/TAS0720a
KUALA LUMPUR: Standard Chartered Saadiq Bhd (Saadiq
Malaysia)'s customers now have a wider choice as the bank will start offering
takaful products
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Etiqa's financial strength rating has
been affirmed at A with stable outlook by Fitch Ratings. Etiqa's capital
adequacy ratio (CAR) at Dec 2011 was about 248%. http://bit.ly/TAS0719a
PETALING JAYA: Fitch Ratings has
affirmed Etiqa Insurance Bhd’s insurer financial strength (IFS) rating at A
with stable outlook.
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The Private Retirement Scheme (PRS) will
be available to the public from September this year with 24 funds managed by
the 8 providers for the investors to select from. A Private Pension
Administrator (PRA) has also been established and tasked with enabling
infrastructure for the PRS.http://bit.ly/TAS0718b
KUALA LUMPUR: The voluntary Private
Retirement Scheme (PRS) was launched on Wednesday by Prime Minister Datuk Seri
Najib Tun Razak that will allow employees and self employed the opportunity to
save f...
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Syed Moheeb won the "Takaful
Leader of the Year" award and "The Asset Triple A Awards, Islamic
Finance". http://bit.ly/TAS0718a
The President and Chief Executive Officer of Takaful Ikhlas
Sdn Bhd (Takaful IKHLAS), Datuk Hj Syed Moheeb Syed Kamarulzaman, has won two
international accolades.
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Etiqa Takaful won the Best
Bancatakaful, Best Takaful Company and Best Marketing awards at the 6th
International Takaful Summit in London.http://bit.ly/TAS0717a
KUALA LUMPUR: Etiqa Takaful Bhd won
three awards at the 6th International Takaful Summit, in London recently.
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The bid for ING has reached the end
of 2nd round today. AIA, Manulife, Dai-ich Life, KB Financial Group, Korea Life
and 2 consortia (headed by Mark Wilson and Richard Li respectively) are
expected to submit their binding bids. The bids could set the stage for a final
round of negotiations. The Southeast Asian operations of ING is expected to
fetch $2 bil and could be sold at nearly 2 times the embedded value. http://bit.ly/TAS0716b
HONG KONG: A wide range of suitors,
from the son of Asia's richest man and a former rugby player in New Zealand to
more established players including AIA Group and Manulife Financial Corp, are
expecte...
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MCIS Zurich launched the MCIS Zurich
Asiapac Fund and targeted to increase the investment-linked share of business
from the current 30% to 50% within 1 year. http://bit.ly/TAS0716a
MCIS Zurich Insurance Bhd believes it is able to boost the
take-up rate of its investment linked-funds, helped by strong demand as well as
new products.
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