Last few days has been busy attending calls from my friends and clients enquiring on the impact of the financial situation faced by AIG to it's Malaysian subsidiary AIA Berhad.
It was business as usual in AIA Malaysia. I was in my branch office yesterday and it DID NOT experience the rush to surrender policies as what happened to "kiasu" Singaporeans. There were the usual routine with policy holders paying their due premiums and making changes of addresses, beneficiaries and etc on their policies.
The letter from AIA CEO to AIA policyholders on the issue can be read here.
The main point is that AIA Malaysia remain strong and is not impacted by the ongoing financial issues in the US.- Loka
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