Dear Customer,
A very Happy New Year to you and your family.
The new calendar year is a time of optimism and excitement as we focus on the potentially positive things that the year ahead could bring. At Commonwealth Life, we are very excited about our plans for 2010 to follow on with the success we achieved in 2009. A few of the highlights for 2009 were;
-
In a very difficult financial environment (especially the first 6 months of the year) we were able to actually increase our solvency ratio to 481.22% which means to you that we are a strong business and able to very comfortably pay our claims. So when you need us most – we will be there.
-
We enhanced our Investra product range and launched 5 new investment fund options including 2 sharia funds This is in addition to the 6 existing funds already provided by First State Investment Indonesia (FSII). The 5 new investment funds are provided by two fund managers, Schroder Investment Management and Fortis Investment BNP Paribas.
-
Our CPI Increase option was also released to the market and is being taken up by the majority of our customers. This is where we offer to you each year to increase your premiums to keep pace with inflation, so that when you reach your goal and your policy matures the amount has not been eroded by inflation. No wonder our customers are electing to have it attached to their policies, it just makes sense.
- We also launched a totally new concept to the market with our Key Person and Partnership Insurances which complement our services in protecting your businesses. If you are running your own business you need to ask one of our Consultants about this new concept.
For 2010, customer feedback has suggested we need to look at a couple of new product areas so we intend to be releasing very soon, a very new and modern return of premium life policy plus some enhancements to our Critical Illness product which will make it a definite market leader. Stay tuned for these new developments in the first part of 2010 – we will keep you informed.
One of the things about the new year is it also gives us time to reflect on the previous year. Did we achieve what we set out to achieve? Did we start the things we said we would start? A the beginning of a new year a lot of people say they will start a savings plan for retirement, a new house, the children’s education or some other important financial goal. Unfortunately, for whatever reason it does not happen and another year slips away. Do not let that happen this year – it is never too late to start saving. Our Investra plan with regular savings contributions is arguably one of the best ways available to build wealth over the medium to longer term. When we add in the valuable medical and insurance benefits we can help you to take away a lot of the financial risks in life. So don’t wait for another year or two - start now with a plan to achieve your financial goals. Contact our financial consultant to find out more on how we can tailor a plan to your personal circumstances.
Let’s start this new year with a strong financial plan to protect yours and family’s future life. Welcome 2010 and the good things it may bring!
Sincerely,
Simon Bennett
President Director