Year: 2010

Third Party Bodily Injury NewCo | Miscarriaged without clarity?

travelling together but MINDs apart!

  The original idea to have the third party bodily injury and death (TPBID) section taken off the current motor insurance policy coverage and place them under the New Company (NewCo) is now no longer a good one. This idea…

Top 5 things you should know |Introducing New General Insurance and Takaful Products

It took me quite awhile to finalise a review of Central Bank (BNM)’s BNM/RH/GL 010-14 “Guidelines on Introduction of New Products for Insurance Companies and Takaful Operators”. Procrastinating, perhaps! Anyway, I must say it, “Guidelines were badly written….” and the…

Insurance industry, drained out of its best talents….

Over the last two years the insurance industry is finding it tough competing for the “better” brains among the Gen-X and Gen-Y university graduates. Development over the last 8 months was not at all encouraging, especially when the minimum entry…

Operational Processes: Getting the results counts….

  ↑ Grab this Headline Animator The last two weeks were rather hectic, the real fact was, we were not getting our operational efficiency anything nearer to our objectives. My team members were arguing over what ought be the main…

Service Tax on Insurance for Management Corporation

A number of readers wrote in ranting over the issues of service tax applicable on insurance premium for policies issued in the name of Management Corporation (MC) and Joint Management Body (JMB). Some were complaining over inconsistencies adopted by the…

Claim lessons in Chinese tea leaves

Is it really very difficult when coming to the subject of determining the value of tea leaves? What about determining the types and grade of those leaves after a loss incident? How can we recognise tea leaves of higher grade…

The advantage of Death & Pension annuities

Malaysian normally do not think much about annuities, not to mention buying one for their golden years. There are better investment options than investing in an annuity just for the sake of living too long! Some seemingly dull topic here….…

Passenger liability: Your kids are not covered…….

What is passenger liability cover in your private vehicle insurance policy? It simply means coverage for you in the event your passenger(s) sue you or your authorised driver for having driven the car negligently, resulting in bodily injury, death or…

Insurance Sales – there are only 3 reasons why people buy

In reality, there are just about three reasons why people choose to buy from you…. 1. to make money, 2. to save money, or 3. to reduce pain and frustration. Your job as an agent or marketeer is to figure…

Setting up an extensive branch network to expand business?

Special thanks to - http://healthclub.info-ebazaar.com

STRETCHING THE BUSINESS-REACH GEOGRAPHICALLY – Building on BRICK-AND-MORTAR or Mobile-eCOMMERCE setup, which is more effective? 😎 Expanding business reach nationwide is not exactly easy nowadays. With underwriting agents and multi-tier agency models gone since the 1990s, widening the business network…