UNITED Overseas Bank (M) Bhd's (UOB) interest-free loan for business insurance premiums, BizInsure, in collaboration with Uni.Asia General Insurance Bhd is expected to double the bank's bancassurance business insurance premium contribution to RM20mil for the financial year (FY) ending March 31, 2005, said Uni.Asia General Insurance chief executive officer Hashim Harun.
“The potential is enormous. All companies need to be insured and if they swing to Uni.Asia for business insurance and utilise BizInsure, we can exceed RM25mil in business insurance premiums,” he said after the launch of BizInsure in Kuala Lumpur yesterday.
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