ALLIANZ LIFE, OSK TRUSTEE INK STRATEGIC PARTNERSHIP
Source: Bernama, 22 August 2012
Allianz Life Insurance Malaysia Bhd signed a strategic partnership agreement with OSK Trustee Bhd. It hopes to offer a holistic financial solution to existing customers.
Allianz Life Chief Executive Officer Jens Reisch said it would recommend customers a life insurance product that suited their needs while OSK Trustee offered them estate planning services. He added that Allianz Life provides recommendation to their customers while
OSK Trustees will offer expertise to manage their funds.
According to OSK Director-cum-Chief Operating Officer Woo Lai Mei, less than 10% of Malaysians had private trusts to protect their wealth. Quoting a recent news report, she said there were RM42 billion worth of unclaimed assets that were not backed by will.