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AIA also entered into an exclusive 20-year bancassurance agreement with NDB, one of Sri Lanka's largest financial conglomerates with a nationwide bank branch network. [9] On 7 October 2012, AIA acquired ING Group's Malaysian insurance subsidiaries for a cash consideration of €1.336 billion (US$1.73 billion). [10]
The company entered into an agreement to sell its 25.9% stake in Singlife, as well as two debt instruments, to Sumitomo Life Insurance Company for a total cash consideration of SGD1.4 billion (£0.8 billion). The sale is expected to complete in Q4 2023, subject to customary closing conditions and regulatory approvals.
Tata AIA Life Insurance Company Limited is an Indian joint venture life insurance company, formed by Tata Sons and AIA Group (AIA). It combines Tata's pre-eminent leadership position in India and AIA's presence as the largest, independent listed pan-Asian life insurance group in the world spanning 18 markets in the Asia–Pacific region.
The former Asia Insurance Building was designed by Singapore pioneer architect Ng Keng Siang, the first Singaporean to become a member of the Royal Institute of British Architects. [18] Professionally, Ng was highly respected by the Teochew and Hokkien communities, who previously commissioned him for projects such as the Teochew Association ...
Great Eastern Life Assurance Co. Ltd, often known as Great Eastern Life or simply Great Eastern, is a Singaporean multinational insurance company and subsidiary of OCBC Bank operating in the Southeast Asia region. Founded in 1908 by Alfred Hewton Fair, it is the largest and oldest life insurance company in Singapore and Malaysia.
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It is a member of the Maybank Group, offering life and general insurance policies, as well as, family and general takaful plans. It has over 10,000 agents, 46 branches, 17 offices, and a bancassurance network consisting of over 490 branches, cooperatives, brokers , and online platforms across Malaysia , Singapore , Indonesia , the Philippines ...