Malaysia to welcome its first insurance-wrapped product

News

Kuala Lumpur-based life assurance company, Uni.Asia Life Assurance is to launch what is thought to be Malaysia's first insurance-wrapped structured product, Suregain. This is a capital- and income-guaranteed product linked to domestic and foreign equities.

Suregain, which is still pending approval from the central bank, Bank Negara, will have an interest-rate component and an overseas equity exposure via the Dow Jones Global Titan Index and the Titans Tiger Index. This follows a government de

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