SOUTH East Asia's largest insurance company American International Assurance Company Ltd (AIA) has recorded a 48% growth with RM500mil in new premiums for the year ended Nov 30, 2002, compared with RM340mil in 2001.
Its senior vice-president and general manager Mark ODell said in a statement that 30% of it was contributed by a medium-term investment-linked Capital Guaranteed Account (CGA), which was the first of a such product to be launched in Malaysia.
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