MEMORANDUM OF UNDERSTANDING ENTERED WITH GREAT EASTERN LIFE ASSURANCE (MALAYSIA) BERHAD

NV MULTI CORPORATION BERHAD

Type

Announcement
SubjectMEMORANDUM OF UNDERSTANDING ENTERED WITH GREAT EASTERN LIFE ASSURANCE (MALAYSIA) BERHAD

Contents :

The Board of Directors of NV Multi Corporation Berhad ("NV Multi") wishes to announce that it has on 29 April 2003 entered into a Memorandum of Understanding with Great Eastern Life Assurance (Malaysia) Berhad (Company No. 93745-A) ("GE"), a company incorporated under Companies Act, 1965 and having its registered office at Level 20 Menara Great Eastern, 303 Jalan Ampang, 50450 Kuala Lumpur with the intention of entering into a Distribution Agreement with the objective of soliciting and distributing the complete bereavement care packages which are packaged together with the GE's investment-linked life insurance plan through GE's Agency force and/or distributions channels.


The bereavement care packages packaged with the investment-linked life insurance plan referred as "Golden Peace Plan" is the first bereavement care insurance plan in Malaysia. It offers life insurance protection, investment returns and pre-planning bereavement care. This will also help the consumers hedge against future inflation. In addition, the benefit of the Golden Peace Plan is that in the event the bereavement care package has been utilized for their loved ones, the policy owner will still enjoy protection and insurance coverage.

The existing comprehensive bereavement care packages offered by NV Multi cater to the cultural needs of Non-Muslim consumers as well as different Chinese ethnic dialect groups. The bereavement care packages can be serviced out of any NV Multi's service centers located in major towns nationwide.

This announcement is dated 29 April 2003



Announcement Info

Company NameNV MULTI CORPORATION BERHAD  
Stock Name NVMULTI    
Date Announced29 Apr 2003  
CategoryGeneral Announcement
Reference NoNM-030428-43975