Great Eastern to sell stake in Malaysian ops for RM4.19bil

PETALING JAYA: Great Eastern Holdings Ltd is reportedly planning to dispose of its stake in its Malaysian operations for as much as US$1bil (RM4.19bil).

According to The Wall Street Journal (WSJ), the Singapore-listed insurer had already engaged a Malaysian bank to discuss the potential deal.

Great Eastern is a 87%-owned subsidiary of OCBC Bank in Singapore.

http://www.thestar.com.my/business/busines...-malaysian-ops/

Allianz Malaysia unit launches 3H Cover to tackle “3 Highs”

http://www.theedgemarkets.com/article/alli...-highs%E2%80%9D

KUALA LUMPUR (Oct 6): Allianz Malaysia Bhd’s subsidiary Allianz Life Insurance Malaysia Bhd (Allianz Life) has launched its 3H Cover which offers a lifeline to those who currently experiencing “3 Highs” – high cholesterol, high blood pressure or a high Body Mass Index (BMI).

In a statement today, Allianz Life said Allianz 3H Cover supports a good health and encourage an overall improved health and wellbeing.

“Having high cholesterol, high blood pressure or a high BMI may be a deal breaker if you were looking to buy the protection plan. (But now it is) not anymore,” it said.

With Allianz 3H Cover and its rider 3H Critical Cover, those with the “3 Highs” could take up a protection plan up to age 85 against four key critical illness conditions (heart attack, stroke, cancer and kidney failure), death as well as total and permanent disability (TPD) before age 65.

“Up until now, it wasn’t easy to get insurance coverage if you had pre-existing conditions such as the “3 Highs”. There is a chance where you will be turned down outright by insurers.

“The problem was staring right at us and that is why we came up with Allianz 3H Cover,” said Allianz Life chief executive officer Joseph Gross during the launch today.

Allianz 3H Cover also offers a complimentary added coverage where customers will receive a 50% increase in their death and TPD coverage and the ability to upgrade their critical illness plan to the full, comprehensive 36 critical illness plan if their “3 Highs” are back to normal.

Manulife Insurance Bhd launches its maiden online sales platform that offers commission-free protection products.

wonder how this works...

yeap, hope so too! it's a good start though.

question about fire insurance for landed property (double-storey, terrace) .

i have a property, loan already cleared and gotten the geran.

now, i'm renting the prop out. i believe, it's my responsible to buy at least fire insurance for the prop.

questions:

1) which insurance provider can provide the service?
2) roughly premium how much? need to do valuation or just give rough value?
3) premium payment schedule, monthly or annually?
4) what if i dont buy fire insurance? of course assuming no fire/accident.
5) with insurance, what do i get if fire happens and destroyed the house? 80% of the value (for the house)?
6) for annual renewal, same premium or will it increase/decrease? how would i know?

thanks in advance!

AXA AFFIN unveils first-in-the-market online Medical Card

http://www.thesundaily.my/news/2018/04/06/...ne-medical-card

AXA eMedic offers a fast, easy and affordable Medical Card for Malaysians aged between 16 to 39 years for as low as RM37 PERmonth for coverage up to RM100,000 per year. This is renewable up to the age of 80.

Customers can now get a quote instantly and sign up for a plan within five minutes via eMedic on www.AXAeMedic.com. AXA eMedic is easy and direct, and requires no medical check-up by providing instant approval.

Takaful Malaysia launches online medical plan

https://themalaysianreserve.com/2018/07/03/...e-medical-plan/

Takaful Malaysia or formally known as Syarikat Takaful Malaysia Keluarga Bhd has launched Takaful myClick Medicare, the first fully underwritten online medical plan in the region, which provides protection against the rising medical costs.

Group CEO Datuk Seri Mohamed Hassan Md Kamil (picture) said the product can be purchased online with a real-time automated medical underwriting assessment.

Mohamed Hassan said the medical product is designed for both healthy and afflicted consumers by utilising the integrated medical auto underwriting engine.

He added that the premium and necessary loadings will be calculated automatically based on the medical questionnaires.

“This is part of our digital strategy which has clearly set us apart from any insurance providers in offering such advanced innovation,” he said.

He said there is an option to use a contribution discount of up to 30% when selecting a deductible amount.

The service is a medical plan for locals aged between 30 days and 69 years, for a coverage of up to RM100,000 per year with no lifetime limit.