The Business Times
business-time-50

Indonesian couple win bogus policy lawsuit against AIA

Court finds insurer vicariously liable for rogue agent's fraud; dismisses AIA's counterclaim of conspiracy

Published Fri, Dec 29, 2017 · 09:50 PM

    Singapore

    AN elderly Indonesian couple has won a marathon legal suit against insurer AIA over a fake US$5.06 million (S$7 million) policy sold to them by a rogue AIA top agent.

    Plaintiffs Ong Han Ling, 79, and his wife Enny Ariandini Pramana, 78, had sued AIA in 2012 for the fraud by insurance agent Sally Low.

    AIA

    TRENDING NOW

    From left: Pham Nhat Quan Anh, Pham Nhat Vuong, Pham Thu Huong and Pham Nhat Minh Hoang. The couple (centre) remain senior figures in Vingroup, with their children’s presence in the ecosystem growing.

    He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons

    Asian investors continue to allocate capital to global markets, while maintaining significant exposure to US assets. 

    Despite the de-dollarisation debate, demand for dollar liquidity in Asia is growing

    Buying a new EC unit can be a cost-effective way to get into private homeownership.

    Can a first-time homebuyer couple earning S$18,000 a month afford a new EC unit?

    The Golden Violet oil tanker docked at a PT Pertamina facility in Tanjung Priok Port in Jakarta, Indonesia. Asia’s new energy security architecture should have a support mechanism to help Asian countries build emergency oil reserves through financing and technical assistance.

    Asia needs new energy security architecture

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More