Dear Wealth Managers/Planners & Quality Leaders/Agents,
Please be informed that as of 27 November 2009, none of the PRUlink global suite of funds under Prudential, namely PRUlink Asia managed fund, PRUlink Asia property securities fund, PRUlink Asia local bond fund and PRUlink global market navigator fund have exposures to any Dubai related companies or holdings (e.g. Dubai World, Dubai government bonds, etc).
This announcement follows the global economic slump from last year that has derailed the growth of the city-state, where its main investment arm, Dubai World, revealed it was seeking to delay a $60 billion debt. In addition, The Star newspaper and industry say the debt payment crisis of Dubai World will not adversely affect the Malaysian finance industry as it has limited exposure to the situation.
You can be rest assured that policyholders who have PRUlink global investor account, PRUlink global or PRUlink global education policies that invests in the abovementioned funds will not be affected in any way. Please inform your customers accordingly should they have any concerns or queries.
Thank you.
Takaful Health Anyone?
Excerpt from The Star, November 16 2009
Published: Monday November 16, 2009 MYT 2:44:00 PM
Updated: Monday November 16, 2009 MYT 2:58:22 PM
Prudential BSN Takaful launches new medical plan
KUALA LUMPUR: Prudential BSN Takaful (PruBSN), introduced its latest medical plan - the Takaful Health - a "first" for the Takaful industry in Malaysia with its annual No Claim Bonus (NCB).
PruBSN is a joint venture company between Bank Simpanan Nasional (BSN) and Prudential PLC (Prudential).
Its chief operating officer Azim Mithani said Takaful Health provides comprehensive hospital and medical coverage until age 80 as an extension to the Takafulink and Takaful Cerdik, the company's pioneering investment-linked protection and educational insurance plans respectively.
"However, unlike other medical plans, Takaful Health also pays our customers to stay healthy through its innovative NCB feature of up to RM500, depending on the package.
"Basically, if they don't make a claim, we pay our customers," he told reporters after the product launch here on Monday.
The new product has received an encouraging response since commencing sales on November 12.
"As such, PruBSN expect it to be a significant contributor to our business," he added.
He also said there was enormous potential for the Takaful industry to grow, due to the still low take-up by Muslims for Takaful coverage.
"I am confident that with the strategies in place, we will be able to help accelerate the development and growth of the Malaysian Takaful industry," he added.
Azmi also said PruBSN will also be introducing several products next year.
PruBSN has about 300,000 customers at present. - Bernama
Published: Monday November 16, 2009 MYT 2:44:00 PM
Updated: Monday November 16, 2009 MYT 2:58:22 PM
Prudential BSN Takaful launches new medical plan
KUALA LUMPUR: Prudential BSN Takaful (PruBSN), introduced its latest medical plan - the Takaful Health - a "first" for the Takaful industry in Malaysia with its annual No Claim Bonus (NCB).
PruBSN is a joint venture company between Bank Simpanan Nasional (BSN) and Prudential PLC (Prudential).
Its chief operating officer Azim Mithani said Takaful Health provides comprehensive hospital and medical coverage until age 80 as an extension to the Takafulink and Takaful Cerdik, the company's pioneering investment-linked protection and educational insurance plans respectively.
"However, unlike other medical plans, Takaful Health also pays our customers to stay healthy through its innovative NCB feature of up to RM500, depending on the package.
"Basically, if they don't make a claim, we pay our customers," he told reporters after the product launch here on Monday.
The new product has received an encouraging response since commencing sales on November 12.
"As such, PruBSN expect it to be a significant contributor to our business," he added.
He also said there was enormous potential for the Takaful industry to grow, due to the still low take-up by Muslims for Takaful coverage.
"I am confident that with the strategies in place, we will be able to help accelerate the development and growth of the Malaysian Takaful industry," he added.
Azmi also said PruBSN will also be introducing several products next year.
PruBSN has about 300,000 customers at present. - Bernama
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