MALAYSIA’S UNITED OVERSEAS BANK UNVEILS INSURANCE PLAN

Malaysia-based United Overseas Bank (UOB) is aiming to bring in over 200million rgt from insurance premium income before the year’s end. According to the bank’s chief executive Chan Kok Seong, UOB has already brought in 180 million rgt and is expecting to improve on the five percent that its insurance operations contributed to the bank’s overall revenue for 2006. Chan was speaking at the UOB launch of its MAX-Edulink insurance policy which combines traditional investment plans with savings and income protection services.