over the last few months, i'm sure u cannot have failed to notice manulife's signature green ads spread over our tiny red dot nation, whether plastered on taxis, the media, mrt stations, etc. (an aside, green is probably my fav colour and for every other investor i know as the global stock markets have been tanking due to a confluence of factors, all drenched in a sea of red).
i would like to add my congratulations to the management and staff of manulife for the achievement of celebrating the highest participating fund returns in singapore for the last 5 years from 2006 - 2010 which is based on rolling 3-year, 4-year and 5-year average investment returns on their participating fund.
because of the fact that the insurance act specifies that insurers have to distribute at least 90% of surpluses to participating policyowners, achieving higher (and consistent) participating fund returns is usually positive for the latter in the form of the distribution of bonuses.
my comments:
besides manulife, i would like to acknowledge ntuc-income for having distributed 98% of surpluses to her participating policyowners. what's more, ntuc-income's head honcho, mr tan suee chieh, has also declared 2 additional bonuses, one being the 5 yearly bonus and a cash bonus for participating policies kept in-force for at least 10 years or longer in the year 2010 which was co-incidentally, the 40th anniversary of ntuc-income.
but i will have been seen to have dishonoured this insurer if i do not give them due praise and recognition because i take my hat-off to tokio marine life insurance singapore, the one and only insurer for still maintaining the record of never cutting bonuses since the company's existence in 1948. this is indeed a rather rare distinction and my hope is tokio marine life insurance singapore will continue to deliver all non-guaranteed bonuses long into the future.
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