Managing director and chief executive officer Abrar A. Anwar(pic) said the target is achievable following demand for the product as it would help meet the legacy planning needs of the bank
KUALA LUMPUR: Standard Chartered Bank Malaysia Bhd (StanChart) is eyeing between 15% and 20% market penetration for its new US dollar-denominated life insurance plan, Signature Heirloom (II), in the country within three years.
It said the plan is one-of-a-kind legacy building product introduced by Manulife Insurance Labuan Ltd (MILL), a wholly-owned subsidiary of Manulife Holdings Bhd
’s (MHB), and is designed to cater to the demands of the high-net-worth individuals for them to grow and transfer their wealth to the next generation.
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