For Great Eastern policyholders, check your mailbox for your “lucky draw” slip :-)
GREAT EASTERN DECLARES SPECIAL BONUS WITH FACE AMOUNT OF RM900 MILLION FOR 2007
Kuala Lumpur, 19 February 2008 ??Leading life insurance giant, Great Eastern Life Assurance (Malaysia) Berhad (Great Eastern), is pleased to announce today that it will give a Special Bonus for the year 2007 with face amount close to RM900 million to more than 1 million policyholders nationwide.
This Special Bonus will be given to close to 1.5 million eligible Participating Regular Premium Whole Life and Endowment policies, which are in force when the Special Bonus is declared. This Special Bonus will be given in addition to the regular annual Reversionary and Cash Bonuses declared for these eligible Participating Life policies. In total, Great Eastern?? declared face amount of regular bonuses will amount to more than RM2 billion for the year 2007.
Participating policies, which are not eligible for this Special Bonus, also continue to enjoy the regular annual bonuses in accordance with the policy terms and conditions. The rates for regular annual bonuses for 2007 will remain the same as 2006 for policies of the same situation, considering the policy duration, policy term and attained age of the policyholder.
The Special Bonus will be added to the eligible Participating Regular Premium Whole Life and Endowment policies in the month of February and March 2008. Policyholders will be notified of the bonus amount respectively via their annual bonus statements or notification letters, which will be sent by ordinary mail to the policyholders.
Koh also shared, ??n addition to the declaration of this Special Bonus for our loyal policyholders, Great Eastern is also pleased to celebrate its 100th Anniversary in 2008. In 2007, Great Eastern has already achieved more than its 2008 financial goal of RM400 million, one year earlier than targeted. This astounding financial performance is a testament of Great Eastern?? resilience and strength as the market leader in Malaysia and we will continue our pursuit of delivering returns to our policyholders and strive for service excellence to meet rising customers??expectations.?? Moving forward, the Company is confident in attaining its 100th Anniversary financial goals of RM40 billion in assets and total premium income of RM5 billion in 2008.
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