June 21, 2018 12:10 PM ET


Company Overview of Great Eastern Life Assurance (Malaysia) Berhad

Company Overview

Great Eastern Life Assurance (Malaysia) Berhad provides life insurance products and services in Malaysia. It offers products to individuals comprising health plans, education products, supplementary riders, and investment-linked products; group products, such as employee benefits, retirement benefits, and property reward schemes; and bancassurance products consisting of single premium universal life, whole life, endowment, term, mortgage loan/outstanding credit protection, and corporate and business banking plans for a range of financial needs. The company also provides customer services, such as premium payment, auto debit, Internet banking, ATM/phone banking, and cash or cheque; and claims...

Menara Great Eastern

303 Jalan Ampang

Kuala Lumpur,  50450


Founded in 1908


60 3 4259 8888


60 3 4259 8000

Key Executives for Great Eastern Life Assurance (Malaysia) Berhad

Chief Executive Officer and Director
Head of Human Capital and Senior Vice President
Head of Property & Corporate Services and Executive Vice President
Chief Internal Auditor
Senior Vice President and Head of Bancassurance
Compensation as of Fiscal Year 2017.

Great Eastern Life Assurance (Malaysia) Berhad Key Developments

EPF In Talks To Buy 30% Stake In Great Eastern Malaysian Unit

Employees Provident Fund is in talks to buy 30% stake in Great Eastern Life Assurance (Malaysia) Berhad from Great Eastern Holdings Limited’s (SGX:G07). The deal between Great Eastern Life Assurance (Malaysia) Bhd and the Employees Provident Fund could fetch as much as $1 billion though negotiations are in early stages and there is no certainty a transaction will materialise, according to Dow Jones Newswires.

Insurers Plan $2 Billion of Malaysia Stake Sale Deals

Great Eastern Holdings Limited (SGX:G07) is exploring cutting its local holding to 70% through a sale or IPO, the people said, asking not to be identified because the details are private. A sale of a 30% stake in Great Eastern Life Assurance (Malaysia) Berhad could raise about MYR 5 billion, while the disposal of a similar stake in Prudential Assurance Malaysia Berhad would fetch at least MYR 3 billion, the people said. Tokio Marine Holdings, Inc. (TSE:8766) has appointed a bank to advise on options for cutting its stake in its local unit, which could raise around MYR 1 billion, according to one of the people. Representatives for Great Eastern and Prudential declined to comment, while a representative for Tokio Marine didn’t immediately answer emailed questions.

Recent Private Companies Transactions

No transactions available in the past 12 months.

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