AXA Affin General Insurance Bhd stands to earn up to RM42 million in gross premiums through an exclusive tie-up with Education Malaysia Global Services (EMGS) to provide insurance coverage packages for foreign students in Malaysia.The general insurance company, which is 34%-owned by Affin Holdings Bhd, won an open tender against 13 other insurance companies, to provide insurance coverage for between 30,000 and 50,000 foreign students in the country. The students are expected to pay between RM500 and RM850 each in premiums per year.
Insurance company will provide three types of medical and health insurance for a maximum annual coverage of between RM20,000 and RM50,000 at lower than market price because EMGS does not derive any commission from the policies. There have been some complaints from insurance agents who are disgruntled about losing business due to the EMGS-AXA Affin tie-up. The arrangement is subject to review after three years from February this year when it was implemented.
Some student housing communities may be further from campus, but offer frequent shuttles to campus for students who prefer a quieter atmosphere, yet still want to enjoy easy access.
ReplyDeleteInternatnational student accommodation in Nottngham