CESSATION OF AXA INSURANCE PURCHASED FROM EMGS

EDUCATION MALAYSIA GLOBAL SERVICES (EMGS)

27th January 2022

CESSATION OF AXA INSURANCE PURCHASED FROM EMGS

1. PURPOSE

1.1 EMGS would like to provide updates regarding the bulletin sent by EMGS on 2nd February 2021 regarding the withdrawal of AXA insurance through EMGS.

 

2. IMPLEMENTATION

2.1 Effective from 28th January 2022, AXA will no longer accept any new insurance notifications from EMGS.

 

2.2 EMGS will proceed to migrate applications that selected AXA policies over other insurance providers currently available through EMGS. They are:

    • Etiqa Family Takaful Berhad (EFTB)
    • Great Eastern Takaful Berhad (GETB)
    • The Pacific Insurance Berhad (TPIB)

 

2.3 The migration of insurance done by EMGS will be based on the new selection of insurance provider by the respective Education Institution for their student pass applications created in STARS.

 

2.4 Education Institutions that prefer to select an insurance provider that is different from what the Education Institutions are currently selecting (as stated in point 2.3) are required to fill up the attached form in this bulletin and send it to EMGS no later than 14th February 2022.

 

2.5 Education Institutions are only allowed to select one (1) insurance company to migrate all their applications that selected AXA as the insurance provider previously.

 

2.6 Kindly note that Education Institutions may seek for a refund on the differential amount based on the premium for the new insurance provider.

 

2.7 Kindly also note that AXA will continue to provide coverage for insurance policies that were notified to them prior to 28th January 2022.

 

Education Malaysia Global Services

27th January 2022

Sign up for our Newsletter

Stay up to date upcoming events from Education Malaysia Global Services Community.

Sarah Azreen Abdul Samat

Sarah has over 22 years of experience in corporate finance transactions involving equity issuance, mergers and acquisitions, fundraising, corporate restructuring, and corporate valuation, amongst others. She began her career in investment banking with Malaysian International Merchant Bankers Berhad in 2001 after obtaining her professional qualifications from PricewaterhouseCoopers.

Later in her career, she joined other investment banking institutions in Malaysia such as AmInvestment Bank Berhad, Maybank Investment Bank Berhad and RHB Investment Bank Berhad.

Presently, Sarah sits as Non-Independent Non-Executive Director of Reneuco Berhad and Independent Director of Pharmaniaga Berhad. She is currently the Executive Director of 3p Capital Advisers Sdn. Bhd., a company licensed with the Securities Commission Malaysia to provide advisory services to the capital market players.

Tuan Haji Ismail Bin Mohamed

Tuan Haji Ismail Mohamed sits on the Board of Director for Education Malaysia Global Services (EMGS). He obtains his Bachelor Degree in Business Administration from Universiti Kebangsaan Malaysia (UKM).

Prior to sitting on the EMGS Board, he was also appointed to be the Board of Director to KEJORA from 2013 to 2018, and several companies such as Permodalan Darul Takzim Sdn Bhd, Perbadanan Usahawan Johor Sdn Bhd, PIJ Holding and Ranhil SAJ Sdn Bhd. Tuan Haji Ismail Mohamed also co-founded Pertama.

He started his career by setting up a company and being the founder of JYBB Enterprise. His career came to prominence when he became the co-founder and the Chief Executive Officer of Pertama Polyerethane Technology (M) Sdn Bhd and subsequently became the Special Officer to the Minister of Education in 2013.

Ismail Mohamed is acknowledged for his expertise in Agriculture and Agro-based industry, landing him being appointed as the Chairman of the Agriculture and Agro-based Industry Committee of the Johor State, the Chairman of Agro KEJORA and the Chairman of the Johor State Agriculture, Agro-based industry, Entrepreneurial Development and Cooperatives Committee.