The Life Insurance Association of Malaysia (Liam is eyeing an additional 4% market penetration by year-end from 43% currently, its President Vincent Kwo said.
“If we manage to achieve the target, it means we are on track, but if we get higher than 4%, then we are faster. “The number will certainly increase,” he told reporters after the launch of Insurance and Takaful Day 2012 yesterday.
Saturday, July 7, 2012
Facebook - Be SMART
Here are 10 things you should never share on Facebook.
1. Your birth date
Revealing your exact date of birth is risky, considering that financial institutions require such information for credit cards or bank statements. Having a date of birth visible for all to see is one step closer to identity theft
2. Your mother's maiden name
Remember that many websites use this as a security question to retrieve passwords and other personal information about your online accounts. Be wary of what you're sharing about your mother online.
3. Your home address
No need to share this information with friends, acquaintances, ex-partners or colleagues. Burglars have also been known to use Facebook to find empty houses when users posted that they were not at home.
4. Trips away from home
Status updates that mention that you will be away from home for a long period tells the online world that no one is keeping an eye on your empty house. If you really must publicise these details, it might be helpful to add that you have a burglar alarm or a fierce watchdog.
5. Leaving home for a short period of time
Broadcasting your location through check-ins or even simple things like saying you're out at the gym or at a shopping centre could give potential thieves the opportunity to break into your house.
6. Inappropriate photos
You've probably read news reports about people who have lost their jobs because of racy or other incriminating photos they posted online. Just don't do it.
7. Confessions/Venting frustrations
Don't tell Facebook (or Twitter) if you're angry with your boss, having an underage drinking party or doing illegal drugs. Or if you're supposed to be on medical leave but aren't really sick.
Screengrabs of these confessions that land in the wrong hands could cost you your job or even get you arrested.
8. Your phone number
Posting your phone number on Facebook could invite unwanted calls from telemarketers, stalkers or other friends-of-friends.
9. A countdown to your next holiday
Better to tell Facebook about your holiday after it's done, rather than inform potential crooks beforehand when your house will be empty.
10. Photos of the interior of your home
Posting what your house looks like just gives potential thieves an idea about what valuables you own and what to look out for.
1. Your birth date
Revealing your exact date of birth is risky, considering that financial institutions require such information for credit cards or bank statements. Having a date of birth visible for all to see is one step closer to identity theft
2. Your mother's maiden name
Remember that many websites use this as a security question to retrieve passwords and other personal information about your online accounts. Be wary of what you're sharing about your mother online.
3. Your home address
No need to share this information with friends, acquaintances, ex-partners or colleagues. Burglars have also been known to use Facebook to find empty houses when users posted that they were not at home.
4. Trips away from home
Status updates that mention that you will be away from home for a long period tells the online world that no one is keeping an eye on your empty house. If you really must publicise these details, it might be helpful to add that you have a burglar alarm or a fierce watchdog.
5. Leaving home for a short period of time
Broadcasting your location through check-ins or even simple things like saying you're out at the gym or at a shopping centre could give potential thieves the opportunity to break into your house.
6. Inappropriate photos
You've probably read news reports about people who have lost their jobs because of racy or other incriminating photos they posted online. Just don't do it.
7. Confessions/Venting frustrations
Don't tell Facebook (or Twitter) if you're angry with your boss, having an underage drinking party or doing illegal drugs. Or if you're supposed to be on medical leave but aren't really sick.
Screengrabs of these confessions that land in the wrong hands could cost you your job or even get you arrested.
8. Your phone number
Posting your phone number on Facebook could invite unwanted calls from telemarketers, stalkers or other friends-of-friends.
9. A countdown to your next holiday
Better to tell Facebook about your holiday after it's done, rather than inform potential crooks beforehand when your house will be empty.
10. Photos of the interior of your home
Posting what your house looks like just gives potential thieves an idea about what valuables you own and what to look out for.
Tuesday, July 3, 2012
Instant Policy Issue
An insurance agent walks into your home with a ‘tablet’ in his hand and offers a life insurance policy of your choice instantly, on a real-time basis. Tata AIG Life, to be renamed as Tata AIA Life, has developed a tool that would facilitate instant delivery of all kinds of life insurance policies.Called ‘e-life’, the tool will be carried by agents who would suggest an insurance product suiting the need of the customer based on the information provided to him. The data, which are based on discussions with customers (on their financial goals and aspiration), would be uploaded on to the tablet. The system would then run an algorithm that would instantly come out with the total insurance need of the customer.
Based on this analysis, agents would then suggest an insurance product.Life insurance policies, barring simple term plans, are not available on a real-time basis in India. The customer would be able to pay premiums through the application. Typically, an insurer takes at least three days to issue a policy.
Toyota 86
Toyota 86 priced from RM243,000 for the manual transmission & RM249,000 for the auto transmission with paddle shifters.
High price tag to pay for this car.
Monday, July 2, 2012
Selling Insurance At Tesco
Leading insurer Aviva has agreed a five-year deal with supermarket giant Tesco that will enable the company to offer life protection cover to its customer base in the UK. The new partnership is good news for the consumer, as there will be more choice of life insurance products.
Life insurance, over 50s life insurance and critical illness cover will be sold by Aviva via Tesco Bank, with the products being promoted in Tesco’s 2,900 stores. Customers will only be able to purchase the products online or over the phone.
“This is a fantastic opportunity for two household names to deliver a real benefit for millions of people across the UK who have no family protection in place,” said David Barral, CEO of Aviva UK and Ireland Life Insurance.
“We can provide Tesco’s customers with peace of mind, offering a quick and easy way to purchase a range of protection products,” he added.
The partnership may have been influenced by the forthcoming introduction of the retail distribution review (RDR), which is set to change the way financial products are sold.
“We're delighted to be extending our relationship with Aviva,” said Julie Hopes, Managing Director of Insurance at Tesco Bank.
“Partnering with one of the UK's leading life protection providers will bring benefits to our customers offering them a range of straightforward and good value products that we believe will give customers the reassurance they look for in life products,” she added.
Life insurance, over 50s life insurance and critical illness cover will be sold by Aviva via Tesco Bank, with the products being promoted in Tesco’s 2,900 stores. Customers will only be able to purchase the products online or over the phone.
“This is a fantastic opportunity for two household names to deliver a real benefit for millions of people across the UK who have no family protection in place,” said David Barral, CEO of Aviva UK and Ireland Life Insurance.
“We can provide Tesco’s customers with peace of mind, offering a quick and easy way to purchase a range of protection products,” he added.
The partnership may have been influenced by the forthcoming introduction of the retail distribution review (RDR), which is set to change the way financial products are sold.
“We're delighted to be extending our relationship with Aviva,” said Julie Hopes, Managing Director of Insurance at Tesco Bank.
“Partnering with one of the UK's leading life protection providers will bring benefits to our customers offering them a range of straightforward and good value products that we believe will give customers the reassurance they look for in life products,” she added.
Affordable Health Insurance Scheme
A life-long pension plan and affordable health insurance scheme must be in place for private sector workers whose savings are depleted soon after retirement. President of newly formed Malaysian Society for Labour and Social Security Law, Datuk Dr Cyrus Das said it was generally believed that a private sector retiree who is non-pensionable exhausted his savings from Employees Provident Fund within three and five years of retirement.
He said social justice was not limited to looking at well being of employees during employment but also after retirement. Das said in a society where "people lived longer and money grew shorter", the dependence on social security schemes became critical.
He pointed out that the United States Supreme Court handed down a significant decision last week that validated the Obama healthcare reform, providing for mandatory health insurance from 2014 for nearly all its citizens.
Sunday, July 1, 2012
Mazda CX5
Mazda CX5 - which made its debut in Japan market in February – comes bearing SkyActiv technology. Launched in Malaysia - May, 2012. SkyActiv is a holistic approach by Mazda to give better engine performance, handling, environmental friendliness and increased safety.
Power comes from the 2.0 litre direct injection petrol engine. It has a 13:1 compression ratio, the highest in any production engine, the closest being the Ferrari 458, with a 12.5:1 compression ratio. The knocking that usually comes with a high compression engine is tamed by a 4-2-1 exhaust system with long pipes in the exhaust manifold.
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