MH370: Almost all Malaysians on flight had life insurance

The Life Insurance Association of Malaysia (LIAM) has said that 47 of the 50 Malaysians on board the ill-fated Flight MH 370, had insurance policies.

The figure comprised 38 passengers and 12 crew members, and their life insurance policies were with 14 companies in Malaysia.

LIAM President Vincent Kwo said about six non-Malaysians are also insured with its member companies.

"Family members or next-of-kin of policyholders can contact LIAM at 03-26916628 or email liaminfo@liam.org.my, if they wish to find out which insurance company their loved ones were insured with," he said in a statement here Tuesday.

Meanwhile, in a separate statement, AIA Bhd said it would get in touch with the families of its policyholders on the flight.

"We assure the families that we will get in touch with them to expedite the processing of the life insurance claims within the next 24 hours.

"The affected family members can also contact 1300-88-8860/70 for further assistance or email members@aia.com," said Chief Executive Officer Bill Lisle.

Flight MH370 went missing enroute to Beijing from Kuala Lumpur. It was disclosed yesterday that the flight with 239 on board had plunged into the Southern Indian Ocean with no survivors.