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Malaysia : MAYBANK launches insurance arm ETIQA

August 16, 2014

The largest bank and financial group in Malaysia, Malayan Banking Bhd (Maybank) has recently launched its insurance arm Etiqa.

The Monetary Authority of Singapore granted Maybank the permission to launch Etiqa as a life and general insurance firm in the country.

The insurance arm will sell life insurance products at Maybank s 22 branches in Singapore, intending to be a top 10 life insurer in Singapore within the coming five years, launching 12 products and nine policy riders to address the protection and savings needs of clients.

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Source: TendersInfo (India)

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