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Borneo Bulletin Yearbook 2020
Securing your future with proper
Financial Planning
AIA Brunei is the largest commercial life
insurance company in Brunei and has served
generations since it was established in 1957.
Over the past six decades, the company
has grown to be a trusted household name,
helping people achieve financial security with
innovative solutions at different stages of life.
As part of its services, AIA Brunei provides
Financial Health Check, identifying customers’
goals, establishing their priorities and
assessing the options available to achieve
their goals. This process provides a sound
foundation for AIA Brunei’s customers to build
a secure financial future.
An important aspect of planning to achieve
financial goals is to seek expert advice. AIA
Brunei has a team of dedicated representatives
to assist our customers planning for their
financial future.
AIA Brunei General Manager Kenneth Ling
believes that financial literacy should be taught
at a young age.
Ling feels that with financial planning, and an
understanding of how to apply financial literacy
skills and use financial resources, your life and
future will change for the better with financial
security.
Financial literacy starts with the simple
concept of savings. The key is to pay oneself
first and prioritise their savings, said the
general manager. Many people pay their
bills first or give in to temptations when they
receive their pay. The remaining amount
goes towards their savings. This is not the
right formula, said the general manager. It is
important to practice self-discipline instead of
giving in to instant gratification.
In 2020, AIA Brunei successfully transferred
its business from AIA Company Limited, Brunei
Branch to AIA Singapore Private Limited, Brunei
Branch. AIA Singapore Private Limited is a
prominent life insurer with a long history of
close to 90 years in Singapore.
AIA Brunei was previously set up as a branch
of AIA Company Limited, which is incorporated
in Hong Kong and regulated by the Hong Kong
Insurance Authority. With the business transfer,
AIA Brunei is aligned with AIA Singapore Private
Limited’s legal and operational structure. This
alignment allows a streamlined approach, so
that AIA Brunei can operate more efficiently
and meet its customers’ needs. The existing
terms and conditions of AIA Brunei’s policies
remain unchanged.
Following the move to the new office premises
in Pavo Point and the business transfer, AIA
Brunei will continue to serve the needs of
customers enabling them to live healthier,
longer, better lives.