MH370: Great Eastern Life To Pay RM2 Million To 14 Families
KUALA LUMPUR – Great Eastern Life Assurance (Malaysia) Bhd will pay RM2 million to 14 next-of-kin of those on board the missing Flight MH370, said Director and Chief Executive Officer, Datuk Koh Yaw Hui.
He said the company will set aside procedures and proceed with the claims payment.
“We understand their situation, and will therefore, just make the payments,” he told the media on the sidelines of the official opening of the All-New Great Eastern Life Centre For Excellence, here today.
Koh said the process of making the payments will take just a day.
He also said all the clients insured with Great Eastern Life Assurance were Malaysians.
Malaysia Airlines Flight MH370 was on its way from Kuala Lumpur to Beijing on March 8 when it went missing 40 minutes into the journey.
There were 239 passengers and crew on board, and among them 153 Chinese nationals, 50 Malaysians and seven Indonesians.
Meanwhile, the RM20 million state-of-art training centre spread over 60,000 square feet, can cater to the needs of its 17,000 agency force nationwide.
It can accommodate more than 2,000 life planners at any one time for trainings and workshops.
In addition, Great Eastern Life Assurance has entered in a smart partnership with several leading industry practitioners to design an in-class training curriculum to support their goal to cultivate a professional agency force.– Bernama
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