Great Eastern Life's new product launch: Smart Life Advantage
Great Eastern has designed a two-in-one whole-life investment-linked plan, Smart Life Advantage, to meet the protection and wealth accumulation needs of customers.
The plan provides customers greater flexibility to adjust coverage at any time based on evolving needs as priorities and financial commitments change, such as getting married or becoming a new parent. Customers can also tailor their protection by adding supplementary benefits (riders), or select customised product bundles. In addition, Smart Life Advantage policyholders can manage their investment needs via a dedicated accumulation account.
Smart Life Guarantee offers guaranteed protection step-up with changing life stages
Customers may increase their protection by up to S$200,000 each time without new health-checks at any of the five key milestones.
Third policy anniversary
Birth of child
Legal adoption of child
This includes coverage for Critical Illness (CI) if Smart Critical Care rider is added to the plan.
Flexibility to rebalance coverage as needs evolve
At age 55, the policyholder has the flexibility to reduce Death, Total and Permanent Disability (TPD), Terminal Illness (TI) coverage to zero. With this, the value of the Protection Account can be optimised for other essential coverage such as CIs.
Smart Life Advantage provides greater control and transparency through two separate accounts - all within one policy. The Protection Account provides comprehensive coverage against Death, TPD, TI or CI (optional).
The Accumulation Account allows the policyholder to potentially grow capital through investment in a variety of professionally-managed funds, for savings or retirement goals. Funds may be withdrawn from this account as and when needed.
Comprehensive protection with multiple riders
The policyholder has the flexibility to complement the basic coverage with protection riders for CI across early, intermediate and critical stages, Personal Accident and Disability Income. In addition, the Premium Waiver riders ensure premiums are waived in the event of various stages of CIs ensuring continued coverage as one recuperates.
Etiqa Insurance celebrates Official Launch in Singapore
17 April 2015
Etiqa's CEO Sue Chi Kong presents a token of appreciation to His Excellency Dato' Husni Zai Yaacob, High Commissioner of Malaysia to Singapore, at the company's launch on 17 April 2015.
Etiqa Insurance Pte. Ltd. (EIPL) officially launched in Singapore on 17 April 2015 as a company offering life and general insurance. Some 250 employees and business partners combined attended the event at Grand Hyatt Singapore.
The Guest of Honour for the launch event was His Excellency Dato' Husni Zai Yaacob, High Commissioner of Malaysia to Singapore.
The company started its operations in Singapore in 1961 as United General Insurance Co. Sdn. Bhd. In August 2014, Etiqa made its foray into life insurance. On 1 April 2015, the Singapore branch of Etiqa Insurance Berhad completed the transfer of its general insurance business to EIPL.
As part of the company's launch, Etiqa partnered Maybank to pledge $500,000 over three years to provide 3,000 low-income families in Singapore with free personal accident insurance.
The Maybank-Etiqa Family Shield covers the beneficiary and up to six dependent children for two years against injury, permanent disablement and accidental death. Etiqa will underwrite this policy.
In celebration of SG50, each family will also receive a $50 grocery voucher. The programme will be rolled out to the first 1,000 families from the second half of 2015.
Watch Etiqa's corporate video
Watch Etiqa launches in Singapore video
The Zurich Blue Piano Experience - Celebrating SG50 the Zurich Way
24 May 2015
Singapore Botanic Gardens
Zurich Insurance kicked started their celebration for SG50 with The Zurich Blue Piano Experience on 24th May at the Singapore Botanic Gardens. The free concert organised by Zurich featured award-winning Swiss pianist, Nico Brina, who entertained the 3000-strong audience with his lively and energetic renditions of rock 'n' roll hits.
As a wrap-up for their community activities, Zurich hosted the beneficiaries from the Singapore Cancer Society (SCS) together with their families for the event too and took the chance to presented a donation S$32,600 to the charity. The funds were raised through staff donations and dollar-matched by the Z Zurich Foundation.
The Zurich Blue Piano Experience continues in June and July, where the piano will tour around Singapore, bringing the sound of music to the lion city, featuring surprise pop-up performances by special guests, so be sure to visit Zurich's website for more information on where the next piano tour stop might be.
Tokio Marine Insurance Group Singapore Extends Helping Hand to Ongoing Relief Efforts in Nepal
31 May 2015
In the wake of the devastating earthquakes that struck Nepal in April 2015, Tokio Marine Insurance Group Singapore has raised S$60,000 in financial aid to support ongoing relief efforts in the nation. The funds comprise donations from employees, agents, as well as company contributions through initiatives such as dollar-for-dollar matching and special donations on every issued case in the month of May.
The amount, which will go towards the Singapore Red Cross' (SRC) on-the-ground medical and relief aid efforts in Nepal, was raised through a united effort by the companies and agencies under Tokio Marine Insurance Group Singapore. These include Tokio Marine Asia (TMA), Tokio Marine Life Insurance Singapore (TMLS) and Tokio Marine Insurance Singapore (TMiS). The effort was also joined by Tokio Marine Claims Services Asia (TMCSA), an affiliate company under the Tokio Marine Group.
The move reflects Tokio Marine Insurance Group's continuous pursuit of its shared vision as a Good Company, which emphasises the importance of looking beyond profit for the benefit of society.
Chief Executive Officer of TMA, Mr Arthur Lee, said, "Across Tokio Marine Insurance Group, we are committed to a single and shared vision of building a Good Company, which means looking beyond profit for the benefit of society, empowering our people and delivering on our commitments to society. This dedication is reflected in all our employees and agency members across our Singapore network, who have given their generous support in this fundraising effort. Tokio Marine Asia hopes that this donation, a token of our heartfelt sympathies, will be of some comfort to those affected by the Nepal earthquakes."
Chief Executive Officer of TMLS, Mr Lance Tay, said, "This fundraising initiative has inspired engagement and passion in all our employees across Tokio Marine Insurance Group, empowering them to come together in a commendable spirit of selfless giving. At TMLS, we hope that these funds will go some way towards alleviating the challenges currently faced by the people of Nepal, and helping them rebuild their lives."
CEO and Managing Director of TMiS, Mr AK Cher, said, "Beyond this initiative, TMiS will continue to work on building upon a foundation of trust and relationships, by delivering on our commitments to the needs of society. Our deepest condolences go out to the families and loved ones of the victims in the Nepal earthquakes, and we stand in solidarity with the nation during these trying times."
The SRC has recently stepped up relief efforts in quake-hit Nepal with disbursement of relief items and emergency supplies, the provision of primary medical and emergency care, and the discussion of possible recovery projects. Tokio Marine Insurance Group Singapore will be donating all proceeds of the fundraising initiative to the SRC and these relief efforts.
Zurich Life Singapore wins again at SBR Awards 2015
11 June 2015
Conrad Centennial Singapore
We are glad to share the good news Zurich Life Insurance Singapore (ZLS) has clinched the Personal Insurance Award at Singapore Business Review's International Business Awards 2015! This is the second time ZLS won in this category and this year, the submission was based on ZLS's term life protection product, Z Protect-Prestige (ZPP). This win is an affirmation to ZLS on the best practice they have put into designing products with customers in mind. ZPP is ZLS's first multi-currency protection product, designed to be a highly-flexible protection plan that keeps pace with today's affluent and mobile high achievers. To know about ZPP, click here
Amongst the pool of winners were reputable local and international businesses, including Sembcorp Marine, Abbott, Singtel, SPH, amongst many others, all of whom clinched awards for the respective trades they represent. The winners were selected by an esteemed pool of judges including:
Henry Tan, Managing Director of NEXIA TS
Choo Eng Chuan, Asean Markets Leader at Ernst & Young
Ernest Kan, Chief of Operations, Clients & Markets at Deloitte and
Toh Kim Teck, Assurance Partner, Foo Kon Tan LLP
Read the press release of the awards and event here
Manulife Singapore wins awards for excellence in customer service and corporate social responsibility
12 June 2015
Manulife Singapore has clinched two awards in the 2014 International Customer Relationship Excellence (CRE) Awards, one of the most comprehensive and respected forms of assessment and recognition in the field of customer services internationally.
Manulife Singapore was named "Contact Centre of the Year - Insurance (Under 20 Seats)" for the second consecutive year. It also received the "Corporate Social Responsibility Leadership of the Year - Insurance" award in recognition of its community and social initiatives.
The International CRE Awards aims to recognise outstanding companies and individuals for their customer-centric innovations and best-in-class practices. It is organised by the Asia Pacific Customer Service Consortium (APCSC), which was established to promote service quality and customer relationship excellence in the Asia-Pacific region.
Naveed Irshad, President and CEO of Manulife Singapore said: "Customer centricity is of utmost importance to Manulife Singapore and we are honoured that our efforts have once again been recognised by the CRE Awards Committee. We are committed to putting our customers at the heart of everything we do, from delivering innovative solutions that meet their financial needs to giving them an excellent experience in all their interactions with us."
Mr Irshad added: "While serving our customers with pride, Manulife is also a firm believer in giving back to society. Through our support of the SwimSafer programme, we are working hand in hand with Sport Singapore to promote greater awareness in the community about water safety. As we celebrate 35 years of serving the people of Singapore this year, this strong affirmation from APCSC will inspire us to redouble our efforts and continue doing our best for our customers and community."
Manulife Singapore won awards for customer service and corporate social responsibility in the 2014 CRE Awards.
Leadership And Management Programme (LAMP) Asia 2015
9-10 July 2015
Aging global population, growing middle class in developing nations, workforce shifts to Generation Y are trends shaping the needs of the insurance and financial services industry. Training needs for insurance professionals are constantly evolving and agencies need to stay competitive and effective in recruiting, training and retaining top talent.
"The industry has focused a lot of energy in getting professionals to acquire skill sets that sold products. In other words, how to sell. More emphasis should be put on why they sell and the important impact on individuals, families and the society as a whole. This really resonates with Gen Y" said former Metlife Senior Vice President and now industry motivational speaker Joseph Jordan during a recent interview with Asia Insurance Review. Mr Jordan observed that the industry has been spending too much time on analytical skills and promoting individual careers so the professionals can earn more money. "It is also important to not only know what people want to know but also how they feel about it. Feeling is a big part of it. That is why training and development is key," he said.
LAMP Asia 2015, the second edition of the LAMP conference in Asia, aims to address such relevant and industry-leading issues faced by the industry, and equip agency leaders with fresh insights into the areas of recruitment, training, social media and marketing. The conference will take place from 9-10 July in Hong Kong featuring prominent international and regional speakers:
Ed Deutschlander (past president of GAMA International) CEO elect of North Star Resource Group, one of the America's largest and oldest privately-held independent financial advising firms, and a recruiting legend;
Athan Vorilas, GAMA International Master Agency Award winner and president of Lighthouse Financial Network, LLC;
Richard Weylman, Best-selling author and marketing consultant to the financial services industry;
Clara Shih, founder and CEO of Hearsay Social, who has also been named one of Fortune's Most Powerful Women Entrepreneurs, Fast Company's Most Influential People in Technology, and Businessweek's Top Young Entrepreneurs;
Daralee Barbera, Managing Principal of Waddell & Reed, awardee of the GAMA Platinum and Gold International Management awards for financial planning;
Bonnie Godsman, GAMA's first and youngest female CEO;
Sheng Lee, veteran professional trainer and the founder of Exceptional Performance Consulting;
Guo Jie, Agency Director at Ping An Insurance Group, Platinum awardee of Top Sales at Ping An for three consecutive years;
Krits Pitimana-aree, Executive Director of Jakkawal 22 K AIA Thailand, and also a 10-time awardee of Manager of the Year by AIA.
"At LAMP Asia 2014 we were just getting started," said GAMA International CEO Bonnie L. Godsman. "But LAMP Asia '15 is going to be even bigger and better. Collaborating with our Asia Advisory Committee, your leaders and I have spent months preparing and will once again connect you with a variety of valuable resources, peer networking opportunities and highlight GAMA's suite of products and services."
Paterno Abellera, President of GAMA Philippines shares more about his thoughts on LAMP Asia, "LAMP Asia is a great opportunity for me to hear best practices and proven methods from international top leaders. The tips on improving recruitment, selection and retention strategies are indeed practical and useful. I've also enjoyed exchanging ideas on how we can improve our practices with agency leaders from other countries."
This year, LAMP Asia will be held in Hong Kong, one of the key financial hubs in the world. "People in Hong Kong enjoy life-long learning and we are happy that LAMP Asia will be coming to Hong Kong this year," said President of GAMA Hong Kong, Duncan Lee. "In fact, the life insurance professionals are one of the best qualified among all sales oriented industries in Hong Kong. Delegates can look forward to experiencing an insightful conference this July with programs that are both diversified and practical."
|Delegates having a fun time at LAMP Asia 2014 in Kuala Lumpur, Malaysia.
"I've enjoyed the sessions at LAMP Asia 2014, the speakers were motivating and reenergising. This is a conference that all agency leaders should be part of!" - Stephen Chew, Manulife Singapore, Attendee of LAMP Asia 2014
"Enhance your team performance 5X and boost your motivation in a fun and friendly environment. If you want to build a strong financial services team, LAMP Asia is an event you cannot miss!" - Proudpimol Puripongtasana, Allianz Thailand, Attendee of LAMP Asia 2014
About GAMA International
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Phone: +65 6496 5509