Company Overview of Great Eastern Life Assurance (Malaysia) Berhad
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
Key Executives for Great Eastern Life Assurance (Malaysia) Berhad
Chief Executive Officer and Director
Senior Vice President of Finance and Strategic Planning
Head of Risk Management & Compliance and Senior Vice President
Head of Human Capital and Senior Vice President
Compensation as of Fiscal Year 2013.
Great Eastern Life Assurance (Malaysia) Berhad Key Developments
Great Eastern Life Assurance (Malaysia) Berhad and IIAOA Sign Collective Agreement
May 29 13
Great Eastern Life Assurance (Malaysia) Berhad and Insurance Industry Administrative Officers Association (IIAOA) Peninsular Malaysia signed a collective agreement aimed to increase productivity, recognition and reward performance. The agreement which affects executives at GE Life which is about 50% of its more than 17,000 workforce resulted in the implementation of the Performance Linked Wage System as part of the company's improved compensation and benefits scheme. This move will enable to raise productivity and also to recognise as well as reward great work done by employees. GE Life has improved the maternity benefits to female employees to 90 days in recognition of the increasing percentage of women in the workplace which currently is about 42% of workers in Malaysia. The 90 days maternity leave is in line with the minimum days recommended by the International Labour Organisation convention and adopted by the Malaysian public sector in 2010 and also by companies in the private sector since. In addition to other health benefits which include subsidies for child birth, GE Life would also incorporate 7% increase in basic salary and would pay bonus in advance, therefore encouraging savings among employees.
Great Eastern Life Assurance (Malaysia) Berhad Appoints Nicholas Kua as New Chief Marketing Officer
May 23 12
Great Eastern Life Assurance (Malaysia) Berhad appointed Nicholas Kua as its new chief marketing officer (CMO) to lead the marketing and communications functions. Kua previously worked with a string of industry multinationals.
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