This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Sun Life Malaysia Makes Life Brighter Under The Sun For Malaysian Consumers

Company provides financial products and services to help consumers achieve financial security

KUALA LUMPUR, Malaysia, Aug. 22, 2013 /PRNewswire/ - Sun Life Malaysia made its grand entrance into the Malaysian insurance community today with its celebratory launch at a reception held at The Westin Kuala Lumpur.

Sun Life Malaysia consists of Sun Life Malaysia Assurance Berhad and Sun Life Malaysia Takaful Berhad, the renamed CIMB Aviva Assurance Berhad and CIMB Aviva Takaful Berhad entities purchased by Sun Life Financial Inc. (Sun Life) and Khazanah Nasional Berhad (Khazanah) from Aviva International Holdings Limited and CIMB Group Holdings Berhad (CIMB Group).

The launch comes just four months after completion of the RM1.8 billion ( C$602 million) acquisition in April this year. Sun Life and Khazanah each own 49 per cent and CIMB Group retains a two per cent share.

With the launch of Sun Life Malaysia, Sun Life Financial now has operations in seven Asian markets and builds on a history in the region that reaches back 120 years. It is also a significant launch for Khazanah and is its first entry into the insurance sector.

"We are very excited to enter Malaysia, particularly with Khazanah and CIMB as our partners," said Kevin Strain, President, Sun Life Financial Asia. "The Sun Life Malaysia management team and employees are united in building a great organization that is focused on becoming a provider of choice amongst Malaysians, helping to protect their financial futures."

Under the new partnership, Sun Life Malaysia has the exclusive right to distribute takaful and life insurance products through CIMB Bank's network of 312 branches and eight million customers across the country.

"With this collaboration, we aim to introduce a wider range of insurance solutions aimed at addressing the different needs of Malaysians and to deliver value and excellent service to our customers. Sun Life Malaysia is committed to provide best-in-class protection for Malaysian consumers and businesses of all sizes," explained Ooi Say Teng, Chief Executive Officer of Sun Life Malaysia.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.99 0.00%
FB $102.01 0.00%
GOOG $682.40 0.00%
TSLA $151.04 0.00%
YHOO $27.04 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs