1 MONTHLY REPORT May, 2009 Planning Division Hans Wang 29th May. 2009.

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1 MONTHLY REPORT May, 2009 MONTHLY REPORT May, 2009 Planning Planning Division Division Hans Wang Hans Wang 29th May. 2009 29th May. 2009

Transcript of 1 MONTHLY REPORT May, 2009 Planning Division Hans Wang 29th May. 2009.

Page 1: 1 MONTHLY REPORT May, 2009 Planning Division Hans Wang 29th May. 2009.

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MONTHLY REPORT May, 2009MONTHLY REPORT May, 2009

Planning DivisionPlanning Division

Hans WangHans Wang

29th May. 200929th May. 2009

Page 2: 1 MONTHLY REPORT May, 2009 Planning Division Hans Wang 29th May. 2009.

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ENGAGED PROJECT THIS MONTH

Market Information

Premium Income Q1 2009

Happy Kids, Lucky Draw

Page 3: 1 MONTHLY REPORT May, 2009 Planning Division Hans Wang 29th May. 2009.

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Korea Life launches SMS service

Receiving Application

Market Market InfoInfo

Company’s HotlineCompany’s Hotline

text messagetext message

via mobil phonevia mobil phone

** Improve Customer Service QualityImprove Customer Service Quality

Receiving Premiums

Temporary Insurance Effects Temporary Insurance Effects when company receives text when company receives text

message from Agentsmessage from Agents

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Prevoir eyes high growth on Bancassurance

Market Market InfoInfo

Prevoir

More than 3,000 Post Offices

Sacombank

ACB Bank

An Binh Bank

12 12 banksbanks

Targets year-on-year Targets year-on-year growth of 25% in growth of 25% in premiumpremium

29,737M in 200829,737M in 2008

90,750M in 201390,750M in 2013

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Great Eastern raises Chartered Capital

Market Market InfoInfo

600 BillionVND

830 BillionVND

Capital raisedCapital raised

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Premium Income – by Company

Prud

Bao Viet

ManuACE AIG

Daiichi

Cathay

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

180,000

PrudBao VietManuACEAIGDaiichiCathay

Company Prud. Bao Viet Manu ACE AIG Daiichi Cathay

Prem. Income 161,781 105,983 55,008 43,863 43,140 36,164 12,201

Proportion 34.9% 22.8% 11.9% 9.5% 9.3% 7.8% 2.6%

Prem Prem IncomeIncomeQ1 2009Q1 2009

* Prevoir (5,721 millions) and Great Eastern (213 millions)* Prevoir (5,721 millions) and Great Eastern (213 millions)

34.9%34.9%

22.8%22.8%

11.9%11.9%9.5%9.5%

In MillionIn Million

9.3%9.3%

2.6%2.6%

7.8%7.8%

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Premium Income – by Products

ED

ILP

RidersTL WL

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

EDILPRidersTLWL

Company ED ILP Riders TL WL Annuity

Prem. Income 324,342 97,846 27,986 7,492 5,639 1,369

Proportion 69.9% 21.1% 6.0% 1.6% 1.1% 0.3%

Prem Prem IncomeIncomeQ1 2009Q1 2009

69.9%69.9%

21.1%21.1%

In MillionIn Million

6.0%6.0%

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Happy Kids, Lucky Draw Happy KidsHappy Kids

Jun 1Jun 1stst Children’s Day Children’s DayPeriod: 2009/5/21~2009/7/15Period: 2009/5/21~2009/7/15

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Happy Kids, Lucky Draw Happy KidsHappy Kids

RequirementsRequirements

C04 – Enhanced Child EducationC04 – Enhanced Child Education

Application must be submitted before 7/15Application must be submitted before 7/15

Policy must be underwritten before 7/27Policy must be underwritten before 7/27

FP must be 1,000,000VND or aboveFP must be 1,000,000VND or above

Employees not qualified to join Lucky DrawEmployees not qualified to join Lucky Draw

Location and Time of Drawing Ceremony :July 30th 2009 in The World Center Building

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Happy Kids, Lucky Draw Happy KidsHappy Kids

PrizePrize

1st prize 1

2nd prize 5

3rd prize 10

Participated ………… 500

AmountAmount

DisneyDisney

Hong KongHong Kong

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PLANNING PROJECT NEXT MONTH

New Product Launching

Repricing Current Products

Group Insurance

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New Product Launching – C05 & C06

2009 May 11th C05 & C06 were approved by Head Office

2009 May 15th seeking MOF’s approval

2009 May 27th Reply MOF opinions

2009 Jun 15th~22th (Estimated) Receive MOF’s approval

New New producproduc

tt

Expected 30-day to Expected 30-day to receive approvalreceive approval

5 working days 5 working days preparation ( meeting preparation ( meeting for launching for launching products)products)

2009 Jun 29th (Estimated) C05 & C06 Launching

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Repricing Current Products

6.00%

7.00%

8.00%

9.00%

10.00%

11.00%

12.00%

13.00%

14.00%

15.00% BasicInterestRate

Basic Interest RateBasic Interest RateBasic Interest RateBasic Interest Rate

Repricing

Year 2006 2007 2008 2009

A01

C01

C02

C03

C04

Pricing Interest RatePricing Interest RatePricing Interest RatePricing Interest Rate

Gross PremiumGross PremiumGross PremiumGross Premium

8.5%

6.5%

higherhigher

lowerlower

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Group Insurance --New Product Proposal

Group Term Life (Basic Product)

Group AccidentRider

GroupGroupInsurancInsuranc

ee

Group AccidentMedical Rider

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