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Great Eastern Life Malaysia

Great Eastern Life Assurance (Malaysia) Berhad

91.7Score

★★★★☆4.1

Customer satisfaction · 4.0M members

Fitch: AA(2025)S&P: AA-(2025)RinggitPlus: Largest Life Insurer in Malaysia(2026)

Great Eastern Life Malaysia is the largest and oldest life insurer in Malaysia (certified by Malaysia Book of Records) with assets exceeding RM 91 billion. Backed by OCBC Bank, it recently acquired AmMetLife for RM 1.121 billion and operates 21 branches with approximately 22,000 agents nationwide.

Overall Score

91.7/100

Founded

1908

Headquarters

Kuala Lumpur

Type

private

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Key Metrics

Total Assets

RM 91B+

Agents

~22,000

Branches

Recognition

Malaysia Book of Records: Oldest & Largest

Editorial Ratings

Fitch: AA(2025)

Rating: AA (group-level) (max: AAA)

90Fitch

S&P: AA-(2025)

Rating: AA- (group-level) (max: AAA)

85S&P

RinggitPlus: Largest Life Insurer in Malaysia(2026)

Rating: Largest and oldest life insurer (Malaysia Book of Records) (max: #1)

100RinggitPlus

Coverage Highlights

✓Largest and oldest life insurer in Malaysia (Malaysia Book of Records)
✓Assets exceeding RM 91 billion
✓Smart Medic / Supreme Health plans for critical illness
✓21 branches and 22,000 agents nationwide
✓Recently acquired AmMetLife — expanded distribution

Pros

✓Largest insurer with strongest track record in Malaysia
✓Highest financial strength ratings
✓Widest agent network
✓Excellent critical illness coverage

Cons

✗Medical card premiums above average
✗Product complexity
✗Claims process can be slow
✗Digital platform behind newer competitors

Frequently Asked Questions

Is Great Eastern the largest insurer in Malaysia?

Yes. Great Eastern Life Malaysia is certified by the Malaysia Book of Records as the oldest and largest life insurer in the country, with assets exceeding RM 91 billion and approximately 22,000 agents.

What medical plans does Great Eastern Malaysia offer?

Great Eastern Malaysia offers Smart Medic and Supreme Health plans, which are particularly strong for critical illness coverage and comprehensive hospital protection.

What is Great Eastern's financial strength?

Great Eastern holds a Fitch AA and S&P AA- financial strength rating at the group level, among the highest of any insurer in Malaysia.

Did Great Eastern acquire AmMetLife?

Yes. Great Eastern recently acquired AmMetLife for RM 1.121 billion, expanding its distribution network and customer base in Malaysia.

Quick Summary

InsurerGreat Eastern Life Malaysia

Country🇲🇾 Malaysia

Overall Score91.7/100

Satisfaction4.1/5

Members4.0M

Typeprivate

Founded1908

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