OSK Investment Bank Berhad (“OSKIB”) today signed a strategic bancassurance partnership with Manulife Insurance Berhad (“Manulife Malaysia”) to enhance its existing range of wealth management products and services. Manulife Malaysia is a wholly-owned subsidiary of Manulife Holdings Berhad (“Manulife Holdings”), offering forward-thinking financial solutions and services to its customers.
Signing the distribution agreement were Mr. U Chen Hock, Chief Executive Officer of OSKIB, and Mr. Michael Chan, Chief Executive Officer of Manulife Insurance Berhad.
Under the Bancassurance arrangement, OSKIB will distribute Manulife Malaysia’s life insurance products through its private bankers and wealth managers. The first products to be launched are two limited payment endowment plans under the OSK Wealth Saver series that are specially designed to help different OSKIB customer segments meet their financial goals.
The sharing of expertise between OSKIB and Manulife Malaysia will see both organisations work together to develop more products tailored for OSKIB customers to better serve their savings, protection and investment needs.
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