SingPost and insurance company AXA announced on Monday that their partnership, AXA@POST, will now allow customers purchase general insurance at 34 post offices across the island.
This is in addition to the life insurance options that were made available at SingPost branches earlier this January - after the companies announced their exclusive 10-year postassurance partnership in July 2013. AXA hopes to expand to 44 branches, as well as offer business solutions by Q3 2015.
AXA is targeting SMEs, overseas Filipino workers, and expats and expect approximately 25 per cent of sales, on the life insurance from this distribution channel. With up to five financial advisors at each branch, as well as iPads displaying solution information to post office customers, AXA hopes to use this partnership to reach customers through a new channel.
AXA is a multi-access company working with agents, brokers, financial advisors and conduct direct business. What we want is to add community service - the post office - to our wide range of multi-access tools in order for clients to be able to choose.
Monday, April 13, 2015
Monday, April 6, 2015
LAIM Forecast 2015
The life insurance industry is expected to record a growth of between 5% and 10% in insurance coverage this year according Life Insurance Association of Malaysia (LIAM). The industry recorded a 6.9% growth in insurance coverage amounting to RM1.17 trillion in 2014 compared with RM1.09 trillion recorded in 2013. Total premium rose 9.3% last year.
The industry does pay out a significant amount, in terms of medical claims and bonuses to customers, which amounted to RM8.42bil last year compared with RM6.94bil in 2013.
The industry does pay out a significant amount, in terms of medical claims and bonuses to customers, which amounted to RM8.42bil last year compared with RM6.94bil in 2013.
Today, the life insurance and family takaful provides insurance protection for 55.5% of the Malaysian population. The Government has set a target that at least 75% of Malaysians should be insured by 2020. Strategies included looking at the rural areas as the concentration now was in urban areas. Possible deployment of a different distribution system, on how to tackle rural residents who have basic insurance coverage.
LIAM has 16 members comprising 14 life insurance and two life reinsurance companies.
Sunday, April 5, 2015
Live Longer - Be Kinder
Gertrude Weaver, 116, believes the key to longevity is treating other people with kindness. Weaver, born on July 4, 1898, lives at a senior care facility in Camden, located in the US state of Arkansas, where she exercises in her wheelchair three times a week and eats three meals a day at the facility’s dining room.
“I treat everyone the way I want to be treated,” says Weaver on her 116th birthday when she received a letter from President Barack Obama.
“I treat everyone the way I want to be treated,” says Weaver on her 116th birthday when she received a letter from President Barack Obama.
Postive Attitude
A positive attitude helps you cope more easily with the daily affairs of life. It brings optimism into your life, and makes it easier to avoid worries and negative thinking. If you adopt it as a way of life, it would bring constructive changes into your life, and makes them happier, brighter and more successful.
With a positive attitude you see the bright side of life, become optimistic, and expect the best to happen. It is certainly a state of mind that is well worth developing.Simple Tips for Developing a Positive Attitude:
With a positive attitude you see the bright side of life, become optimistic, and expect the best to happen. It is certainly a state of mind that is well worth developing.Simple Tips for Developing a Positive Attitude:- Choose to be happy. Yes, it is a matter of choice. When negative thoughts enter your mind, just refuse to look at them, doing your best to substitute them with happy thoughts
- Look at the bright side of life. It's a matter of choice and repeated attempts
- Choose to be optimistic
- Find reasons to smile more often. You can find such reasons, if you search for them
- Have faith in yourself, and believe that the Universe can help you
- Associate yourself with happy people
- Read inspiring stories
- Read inspiring quotes
- Repeat affirmations that inspire and motivate you
- Visualize only what you want to happen, not what you don't want
- Learn to master your thoughts
Negative Attitude
7 things negative people will do to you. They will...
1. Demean your value;
2. Destroy your image
3. Drive you crazily!
4. Dispose your dreams!
5. Discredit your imagination!
6. Deframe your abilities and
7. Disbelieve your opinions!
Stay away from negative people!” ― Israelmore Ayivor
1. Demean your value;
2. Destroy your image
3. Drive you crazily!
4. Dispose your dreams!
5. Discredit your imagination!
6. Deframe your abilities and
7. Disbelieve your opinions!
Stay away from negative people!” ― Israelmore Ayivor
Saturday, April 4, 2015
Office Politic
Office politics often involves power struggles and conflicts of opinion. Avoiding politicking in the office requires steering clear of gossip and refraining from nonconstructive criticism of others. A strong work ethic that prioritizes goal achievement helps to create greater integrity in the workplace. Here are some strategies for avoiding office politics.
Observe the unspoken rules of the office. For example, in some work environments, working long hours is a sign of commitment and dedication. In other offices, an employee who consistently stays late may be considered inefficient, needing more time to do tasks that others completely more quickly. Paying attention to these dynamics helps to avoid becoming the target of criticism.
Avoid gossip and backbiting. Discussions about the behaviors, habits, weaknesses and appearance of others can backfire or constitute a waste of time.
Consider the motivations behind the gossip. If a coworker approaches you with a story about another employee's mistake, try to understand the motivations behind the storytelling. The goal may be to belittle another person, chat out of boredom, or to help the coworker. If the intent is to degrade the person, find a way to avoid the topic.
Change the subject. Find ways to change the focus from the weaknesses of others to more productive topics. Some analysis of worker behavior is necessary, but that type of assessment is usually better addressed directly by a supervisor.
Be unavailable for idle chatter. Staying productive and committed to your work tasks will make it easier to be less available for fruitless discussions. A consistent pattern of not engaging in the criticism of others lets people know that you prefer to avoid office politics. It also might increase the trust of coworkers when they realize that you do not spend time discussing them.
Engage in fact finding missions. For example, if approached by another team leader about the negative motivations of the department head, ask for the facts. Determine how the negative conclusions were reached and if there are misinterpretations. If the team leader is referring to a recent memo from the department head, read the memo together. Arrange to meet with the department head to achieve greater understanding.
Observe the behaviors of respected employees and company leaders. For example, managers who treat everyone with respect, speak well of others and show appreciation for tasks well done are positive behavioral examples. These individuals usually avoid office politics by maintaining a positive attitude and dealing truthfully with people.
Focus on the goals of the business or organization. Always remind yourself of your professional goals and role in the organization to keep your thoughts on productive tasks and discussions. Some office politics and gossip result from fear, feelings of boredom or lack of purpose. Staying purposeful decreases the amount of time available for engaging in gossip or analysis of coworkers' behaviors.
Work hard. The best way to ensure a promotion is to perform high-quality work. Some office politics is related to disputes about who deserves a promotion or more power in the workplace. A diligent worker does not need to degrade others or pit people against one another in order to advance, because a good performance speaks for itself.
Observe the unspoken rules of the office. For example, in some work environments, working long hours is a sign of commitment and dedication. In other offices, an employee who consistently stays late may be considered inefficient, needing more time to do tasks that others completely more quickly. Paying attention to these dynamics helps to avoid becoming the target of criticism.
Avoid gossip and backbiting. Discussions about the behaviors, habits, weaknesses and appearance of others can backfire or constitute a waste of time.
Consider the motivations behind the gossip. If a coworker approaches you with a story about another employee's mistake, try to understand the motivations behind the storytelling. The goal may be to belittle another person, chat out of boredom, or to help the coworker. If the intent is to degrade the person, find a way to avoid the topic.
Change the subject. Find ways to change the focus from the weaknesses of others to more productive topics. Some analysis of worker behavior is necessary, but that type of assessment is usually better addressed directly by a supervisor.
Be unavailable for idle chatter. Staying productive and committed to your work tasks will make it easier to be less available for fruitless discussions. A consistent pattern of not engaging in the criticism of others lets people know that you prefer to avoid office politics. It also might increase the trust of coworkers when they realize that you do not spend time discussing them.
Engage in fact finding missions. For example, if approached by another team leader about the negative motivations of the department head, ask for the facts. Determine how the negative conclusions were reached and if there are misinterpretations. If the team leader is referring to a recent memo from the department head, read the memo together. Arrange to meet with the department head to achieve greater understanding.
Observe the behaviors of respected employees and company leaders. For example, managers who treat everyone with respect, speak well of others and show appreciation for tasks well done are positive behavioral examples. These individuals usually avoid office politics by maintaining a positive attitude and dealing truthfully with people.
You Need A Life
If anyone depends on you financially, then you need life insurance. Some people need life insurance more than others, though. Here are four groups that need it the most.
Married Couples
If both you and your spouse work, then both of you need life insurance to cover your incomes and maintain the same standard of living if one of you were to die. If only one of you works outside the home, it is crucial that the breadwinner be insured. But stay-at-home spouses may need life insurance, too. If you have kids at home who will require child care or if you have a significant amount of debt, a term life insurance policy can protect the surviving spouse from having to shoulder these costs alone. Unmarried couples who maintain a household together should consider life insurance for these same reasons.
Parents
All parents with children at home should have life insurance — even those who stay home with the kids. For working parents, have enough coverage to replace your income, pay off debts and ensure that the family will be taken care of. For stay-at-home parents, be sure to calculate the cost of the services you provide, including cooking, child care and transportation, when figuring out how much coverage you need. Also factor in the potential loss of income if the working parent has to take time off from work if you were to die.
Business Owners
A small-business owner has a special dependent — the business. A life insurance policy can ensure your company keeps going after your death. Business owners can take out a special life insurance policy on themselves, a business partner or a particularly important employee. These special policies are called “key man” or “key employee” insurance and pay out if the insured individual dies. The purpose is to cover business income losses associated with losing that person.
Homeowners
Your home is your castle, and you may want it to stay that way if you die before your mortgage is paid off. Homeowners who want to keep their home in the family can cover their mortgage with a term life insurance policy or purchase mortgage life insurance just for that expense. Mortgage life insurance can be an option for homeowners who are denied regular life insurance for medical reasons.
Life insurance isn’t at the top of many people’s to-do lists. But if you have a family or others who depend on you, it’s essential to make sure they are provided for in case the unthinkable happens.
Married Couples
If both you and your spouse work, then both of you need life insurance to cover your incomes and maintain the same standard of living if one of you were to die. If only one of you works outside the home, it is crucial that the breadwinner be insured. But stay-at-home spouses may need life insurance, too. If you have kids at home who will require child care or if you have a significant amount of debt, a term life insurance policy can protect the surviving spouse from having to shoulder these costs alone. Unmarried couples who maintain a household together should consider life insurance for these same reasons.
Parents
All parents with children at home should have life insurance — even those who stay home with the kids. For working parents, have enough coverage to replace your income, pay off debts and ensure that the family will be taken care of. For stay-at-home parents, be sure to calculate the cost of the services you provide, including cooking, child care and transportation, when figuring out how much coverage you need. Also factor in the potential loss of income if the working parent has to take time off from work if you were to die.
Business Owners
A small-business owner has a special dependent — the business. A life insurance policy can ensure your company keeps going after your death. Business owners can take out a special life insurance policy on themselves, a business partner or a particularly important employee. These special policies are called “key man” or “key employee” insurance and pay out if the insured individual dies. The purpose is to cover business income losses associated with losing that person.
Homeowners
Your home is your castle, and you may want it to stay that way if you die before your mortgage is paid off. Homeowners who want to keep their home in the family can cover their mortgage with a term life insurance policy or purchase mortgage life insurance just for that expense. Mortgage life insurance can be an option for homeowners who are denied regular life insurance for medical reasons.
Life insurance isn’t at the top of many people’s to-do lists. But if you have a family or others who depend on you, it’s essential to make sure they are provided for in case the unthinkable happens.
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