There are very prominent insurance companies that function in Malaysia; they are known for their constancy, good returns, and brand reputation. The top 10 insurance companies in Malaysia In the insurance industry, there are many players. The top players can be seen in every section and offer broad-based solutions, though they have one thing in common: they are all big insurers with much experience and resources. Below are the top 10 insurance companies in Malaysia.
Top 10 Life Insurance Companies in Malaysia 2022
Here are the top 10 life insurance companies in Malaysia
- AIA Life Insurance
- Prudential Life Insurance
- Zurich Life Insurance
- Allianz Life Insurance
- Tokio Marine Life Insurance
- Gibraltar BSN Life Insurance
- Mayban Life Insurance
- Great Eastern Life Insurance
- Hong Leong Assurance Life Insurance
- AXA Life Insurance
Review of the top 10 Life Insurance Companies in Malaysia
Below are the details on the top 10 life insurance companies in Malaysia:
1. Hong Leong Assurance Berhad
Hong Leong Assurance Berhad is Malaysia’s biggest local life insurance company. It is a well-known and respected Malaysian product offering financial planning and safety solutions to meet the different needs of Malaysians at various phases of their lives. Obligation to the clients is the key to HLA’s success, where services are offered through a great network of branches, agents, and brokers all over the nation, as well as bancassurance and alternative distribution networks.
2. Great Eastern Life Assurance (Malaysia)
Great Eastern Life Assurance (Malaysia) is One of the most known brands regarding Life Insurance, and it has one of the largest networks. To date, Great Eastern insurer has more than 20,000 associates all over the nation. Regarding Great Eastern, life insurance has been one of its best-selling products since it began.
3. American International Assurance (AIA)
AIA has been there for a long time now. Life Insurance has been its flagship product provided through its tens of branches countrywide which has its headquarters in Kuala Lumpur.
4. AXA Life Insurance
AXA Insurance is a member of one of the world’s top financial institutions. They offer quality financial advice and solutions for all stages of your life. AXA is committed to helping its clients achieve their dreams and get the most out of life without worrying about their finances. AXA Insurance offers an extensive range of intelligent products that meet your individual (motorcar, health, home, travel, etc.) and business insurance needs.
5. Allianz Life Insurance Malaysia
Life Insurance is one of Allianz’s primary products and it provides other investment-related products. In 2012, Allianz was one of Malaysia’s fastest-rising life insurance industries, which is still growing.
6. Prudential Assurance Malaysia
Prudential is possibly one of the most established life insurance companies in Malaysia. It is part of the United Kingdom’s establishments and one of Malaysia’s first insurance companies. It has more than 1,000 employees and more than 10,000 agents all over the country.
7. Mayban Life Assurance
Mayban Life Insurance is a subsidiary of Maybank and has a very exceptional business model. Unlike other life insurers, Mayban Life Assurance operates through the Maybank branch network and its experts. This shows that it has one of the most extensive networks in Malaysia through the Maybank business. Apart from life insurance, this brand provides other wealth management products too.
8. Zurich Insurance Malaysia
Started in 1929, Zurich Insurance Malaysia is one of the world’s top insurance companies. The company is currently part of the Swiss insurance group Migros, whose operations focus on the Asia-Pacific area. Zurich Insurance Malaysia is one of the top insurance companies in Malaysia, with branches all over the country.
9. Manulife Malaysia
Manulife Malaysia, founded in 1916, is one of the leading insurance companies in the world. The company’s operations are focused on growth in Asia-Pacific. Manulife Malaysia started functioning in Malaysia in 1973 and has since grown to become one of the nation’s top insurance companies. The company has origins looking back to 1916, and it’s one of the top 10 insurers in Malaysia, with branches all over the country.
10. Tokio Marine Life Insurance
Tokio Marine Life Insurance, founded in 1891, is one of the oldest marine
in the world. The company is presently part of the Japanese insurance group Sumitomo, whose operations focus on the Asia-Pacific area. Tokio Marine Life Insurance is one of the top insurance companies in Malaysia, with branches all over the nation.
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Conclusion
Malaysia’s top 10 insurance companies offer comprehensive solutions across various channels and products. These insurers have been around for a long time and know the insurance industry. They operate in many places and have a wealth of experience and knowledge to draw on to offer excellent insurance services to many clients.