Vilasini Govendan

Hong Leong Assurance Bhd. (HLA) is an insurance management firm headquartered in Petaling Jaya, Malaysia. The firm began as a General Insurance business under the name of Malaysia Pacific Insurance Berhad in 1972. The Life Insurance business was added into its portfolio a year later. In December 1982, HLA was founded eventually acquiring the entire General and Life business of Malaysia Pacific Insurance. In 2022, the firm became a subsidiary of Mitsui Sumitomo Insurance Co. Ltd., which is owned by MS&AD Insurance Group Holdings, Inc. (TYO: 8725) in Japan. HLA offers a range of life and general insurance products to Malaysian clients. In addition, they provide customized insurance solutions for commercial business risks.

MCIS Insurance Bhd. (MCIS Life) is the Malaysian life insurance subsidiary of Sanlam Emerging Markets (Pty) Ltd., itself a subsidiary of Sanlam Ltd. (JSE: SLM, ADR: SLMAY) in South Africa. Headquartered in Petaling Jaya, the firm was founded in 1955 and provides life and non-life insurance products to the insurance industry. MCIS Life’s general and life insurance products include multiplier, saver, generator, income protector, flexi invest, extra invest, capital growth, and child plans.