Source: Ber­nama, 22 Au­gust 2012

Insurance - - COMPANY CORNER -

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.

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