Growth seen for life and health insurance despite tough time


Latest product: (from left) Lor, Zakri and Allianz General Insurance Seremban branch manager Julia Wong at the launch of Allianz Cancer Protect.

KUALA LUMPUR: Amid the tough business environment, the life and health insurance sector is expected to see growth this year.

Allianz Malaysia Bhd CEO Zakri Khir said although the general insurance business on the whole declined by 7.6% in the first quarter, life and health insurance is anticipated to buck the trend and register positive growth for the year.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Allianz , life , health , insurance , cancer , product ,

   

Next In Business News

Berjaya Corp denies involvement in Forest City Casino talks
Malaysia's PPI higher by 1.6% in March 2024
Microlink wins RM56.45mil contract from Bank Islam Brunei
Bursa Malaysia higher at midday in sync with regional peers
PETRONAS, CelcomDigi collaborate on digital transformation and sustainability efforts for the energy industry
Ringgit retreats vs US$ ahead of personal consumption expenditure reading
Oil prices rise as US official eases market concerns over economic headwinds
Inflation in Japan's capital slows more than expected, slides below BOJ goal
FBM KLCI opens lower as investors book profits
Trading ideas: Al-'Aqar REIT, Pantech, AirAsia X, Inta Bina, Khee San, Infoline, Heineken, Agricore

Others Also Read