Insurer looks at lower dividends


  • Business
  • Wednesday, 07 May 2003

UNI.ASIA Life Assurance Bhd, formerly known as EON CMG Life Assurance Bhd, will not raise its life insurance premium rate in the near term despite the current economic uncertainties. 

Instead, the company was looking at lowering the current 7% per year effective rate of return for policyholders, chief executive officer Ooi Say Teng said after the launch of new names for SEA Insurance Bhd, EON CMG Life Assurance and Menara SEA Insurance in Kuala Lumpur yesterday. 

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