Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Thursday, 12 April 2018, 12:15 HKT/SGT
Share:
    

Source: Etiqa Insurance Pte. Ltd.
Etiqa maintains its record of delivering strong returns for participating policyholders with an impressive net investment return of 10.99% in 2017
- Etiqa's consistent, long-term approach to the management of its participating fund continued to benefit policyholders during 2017.
- Assets under management grew to S$385.8 million in 2017, an increase of 133% over 2016.
- Etiqa's participating policies continue to be an attractive financial option to meet the protection, savings and legacy needs of its customers.

SINGAPORE, Apr 12, 2018 - (Media OutReach) - Etiqa Insurance is pleased to announce record performance for its participating life insurance funds for the year ending 31st December 2017. The progressive insurer delivered a net investment return of 10.99% in 2017, almost three times 2016's achievement.

Sue Chi Kong, Chief Executive Officer of Etiqa Insurance Pte. Ltd. said, "Our participating fund has had another successful year's performance in 2017, yet again reinforcing the benefits of investing in our well-managed and financially strong fund. On the back of strong economic data and positive investment markets, we have achieved our highest ever net investment return for the fund. With our strategic asset allocation across equities and bonds, we are well positioned to continue to provide stable returns for our customers for years to come. As the macroeconomic conditions are expected to remain positive this year, we aim to create even more value for our policyholders by maximising investment returns within the participating fund."

Customers who purchased Etiqa's participating policies continue to benefit from stable, smoothed returns. Etiqa's prudent management of its participating fund's investments saw assets under management grow, with the market value of policy assets held by the fund amounting to S$385.8 million as at 31st December 2017, an increase of approximately 133% over 2016.

This outstanding fund performance demonstrates Etiqa's commitment to placing people over policies and helping its customers achieve their financial goals. As the insurance arm of Maybank Group, Etiqa ensures its participating fund invests in a well balanced mix of assets. Smoothing of investment returns helps to diversify risk for policyholders and allows the insurer flexibility to react to market changes to provide stable medium to long term returns, while maintaining the financial health of the fund.

Etiqa's participating fund is managed by Maybank Asset Management Singapore Pte. Ltd., a fully owned subsidiary of Maybank Asset Management Group Berhad. The group manages assets in excess of US$7.7 billion (as at 31st December 2017).

For more information on Etiqa, visit www.etiqa.com.sg.

Etiqa Insurance - A Singapore Insurance Company with Asian and International Expertise

Etiqa Insurance Pte. Ltd. is a licensed life and general insurance company registered in the Republic of Singapore and regulated by the Monetary Authority of Singapore (MAS). In July 2017, Fitch affirmed the company's "A-" rating for its financial strength and stable outlook.

Etiqa has been protecting Singaporeans since 1961 with a range of general insurance solutions that constantly evolve to meet their ever-changing needs. As the appointed insurer for the Housing Development Board (HDB) Fire Insurance Scheme in Singapore, we have been protecting homes since 2009. In August 2014, we added a comprehensive suite of life insurance solutions to our stable of products.

Etiqa is owned by Maybank Ageas Holdings Berhad, a joint venture company that combines local market knowledge with international insurance expertise. The company is 69% owned by Maybank, one of Asia's leading banking groups with more than 22 million customers worldwide in 20 countries; and 31% by Ageas, an international insurance group with 33 million customers across 16 countries and a heritage that spans over 180 years, with a focus to provide world class insurance solutions to consumers in Europe and Asia through market leading joint ventures.

At Etiqa, we believe in our brand promise of humanising insurance, by placing people over policies in everything we do. We are passionate about helping Singaporeans protect themselves and their loved ones.

Media contacts:
Audrey Liu
Manager, Brand and Communications
Etiqa Insurance Pte. Ltd.
Tel: 6690 4309
Email: audrey.l@etiqa.com.sg


Apr 12, 2018 12:15 HKT/SGT
Topic: Press release summary

http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Etiqa Insurance Pte. Ltd.
Apr 23, 2018 13:00 HKT/SGT
Etiqa offers full refund for travel insurance and up to 58% travel savings in view of GE14
Apr 18, 2018 11:50 HKT/SGT
Etiqa celebrates new tranche for online insurance savings series EASY save with higher returns of up to 4.07% p.a. along with strong participating fund performance
Apr 4, 2018 10:50 HKT/SGT
Double Victory for Etiqa Insurance at World Finance Markets Awards and Singapore 1000
Mar 23, 2018 10:00 HKT/SGT
Etiqa Launches First-ever Free In-flight Insurance for Singapore Travellers
Dec 18, 2017 13:00 HKT/SGT
Etiqa launches new year-end campaign for online insurance savings plans EASY save series with highest interest rates in the market of up to 3.14% p.a.
More news >>
 News Alerts
Copyright © 2018 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6721 7212

Connect With us: