Updated Report of Life Insurance Company financial status
To check the financial statement, financial report, and life insurance companies financial status and balance sheet, please download Insurance Report dated year 2005 published by Bank Negara Malaysia. BNM also publishes many reports on this page, including takaful report. At the time of writing, BNM only published the insurance report for year 2005 only. You should check on the page above to find out whether BNM had published the latest report.
As updated in year 2005, the balance sheet shows the 16 life insurance companies in Malaysia:
|
|
Life Insurance Company in |
Total Assets ( RM million) |
|
1 |
23,575 |
|
|
2 |
11,639 |
|
|
3 |
6,046 |
|
|
4 |
5,006 |
|
|
5 |
4,319 |
|
|
6 |
3,842 |
|
|
7 |
3,354 |
|
|
8 |
3,132 |
|
|
9 |
2,379 |
|
|
10 |
2,123 |
|
|
11 |
1,670 |
|
|
12 |
962 |
|
|
13 |
AmAssurance |
941 |
|
14 |
Commerce Life |
889 |
|
15 |
704 |
|
|
16 |
227 |
|
|
|
Total |
70,812 |
Great Eastern Life is still the oldest and largest life insurance company in Malaysia.
For the complete list of life insurance companies and related insurance association, refer this page.
Related Association
Life Insurance Association of Malaysia LIAM – Persatuan Insurans Hayat Malaysia
http://www.liam.org.my/
4 Lorong Medan Tuanku Satu, Medan Tuanku, 50300 Kuala Lumpur
Tel: 03 2691 6168, 03 2691 6628, 03 2691 8068, Fax: 03 2691 7978
LIAM has a total of 18 members, of which 16 are life insurance companies and 2 life reinsurance companies. It is a statutory requirement under section 22 (1) of the Insurance Act 1996, (or section 3(2) (e) of the repealed Insurance Act 1963) for all life insurance/life reinsurance companies to be members of LIAM.
National Insurance Association of Malaysia NIAM
http://www.niam.org.my/
c/o Shamsir Jasani Grant Thornton.
Level 11-1, Faber Imperial Court, Jalan Sultan Ismail, 50250 Kuala Lumpur
Tel: 03 2692 4022, Fax: 03 2691 5229
Currently, it has 32 member companies comprising 17 general insurance companies, 6 composite insurance companies, 4 life companies, 2 takaful companies and 3 reinsurers.
The Malaysian Insurance Institute
http://www.insurance.com.my/
5 Jalan Sri Semantan Satu, Damansara Heights, 50490 Kuala Lumpur
Tel: 03 254 4234 Fax: 03 253 9468
Established in 1968, MII’s commitment to providing excellence in insurance education has led to tremendous growth in the number of educational programmes and activities currently offered. MII now leads in providing training and education in Insurance, Risk Management, Actuarial Science, General Management, Investment, Life Insurance, Marketing and Financial Services.
For Agent
For life insurance agent-to-be who just went through your examination, you can check your result of Pre-Contract Examination and Investment-linked Examination at:
Related Article about Life Insurance:
Top 10 reason to buy life insurance
Managing Risk of Double Tragedy
Bought lousy plan from the best company
Investment-linked vs. Traditional Insurance
Types of Life Insurance Benefits
{ 7 comments… read them below or add one }
hey…just want to ask regarding to the Report of Life Insurance Company financial status…where the data come from?
Bank Negara publishes the report every year.
Is this the latest data? Asia Life has been changed 2 TM Asia Life 2 yrs ago but y isn’t there any data available?
Can i know how much a insurance agent get his commission(%)?Is there any flat rate or the commission is based on the Insurance company?
there is a guideline by Bank Negara. Generally, the highest commission can go up to 125% for regular premium plan with over 20 years term.
can i know how to be an agent for car insurance??
You need to take the insurance exam. Then sign up as an agent with any of the general insurance company.
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