Posted on by Raihan Hadi
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Eric Wong shares the key to Prudential’s success with millennials
30 Mar
The power of influencers in the global marketing stage has grown to a point where it’s safe to call them indispensable. That being said, the marketers behind the success of all those influencers, rarely come out from behind the curtains.
MARKETING Magazine’s mission in Malaysia has always been to put brilliant marketers on centre stage through the various celebratory events, and the Malaysian CMO Awards certainly is at the forefront of these events.
In the 4th Malaysian CMO Awards 2021, the brilliance of the marketers in influencer marketing was definitely brought upon the centre stage not once, not twice, but three times! One of the three marketers who won a Gold for the title of ‘Best Marketer in Influencer Marketing’ is Eric Wong, the Chief Marketing and Partnerships Distribution Officer for Prudential Assurance Malaysia Berhad.
Eric had previously expressed his feelings to MARKETING Magazine saying, “It is a privilege to be sharing the Gold award along some of the finest marketers in the country. The collective body of work is evidence that Malaysia is not short of ideas, creativity and conviction to raise the standard of marketing excellence. A word of gratitude to Ham, MARKETING Magazine and all sponsors for making this happen and organising it immaculately.”
Can you elaborate on how Prudential successfully partnered with influencers to achieve results?
Eric: Getting millennials to think positively about financial protection will take time as it requires a shift in mindset. We needed to communicate that having financial protection and healthcare insurance will provide the peace of mind to achieve their dreams and ambitions, which is where the influencers and their true stories came in.
I think we can agree that most times, we only see the best side of our favourite influencers. But in truth, they are everyday people just like us. They too have their fair share of challenges, and unfortunate events can happen to anyone, even to those who are young, fit and strong.
We hand-picked influencers such as Jared Lee, Emily Tan, Hisham Hamzah and Jeslina Paul, survivors of critical illness to be part of our PRUMy Critical Care campaign. Most people do not understand the differences between medical and critical illness plans. For example, medical plans cover hospitalisation costs and cost of treatment, while a critical illness plan provides a lump sum payout upon diagnosis of illness, which allows patients to utilise it for any expenses. We wanted their experiences to shed light on the differences between these two types of protection and the importance of having a critical illness plan.
Hisham, for instance, had both medical and critical illness plans, which meant that while the cost of his medical treatment was being looked after, he was also able to continue paying for his son’s education with the critical illness plan’s lump-sum payout, so he could focus on recovery.
In Jeslina’s case, she only had medical insurance from her company. She had to overcome the physical challenges from the illness while dealing with financial worries. People do not realise that the road to recovery is long, and we may not be in the position to get back into the workforce so soon. However with a critical illness plan, we can use the lump sum payout to support our living expenses during recovery.
Their experiences are lessons that remind us of the need for adequate protection, which makes a difference financially, physically and mentally.
What do you think has changed in terms of marketing for brands in the past two years?
Eric: Well, the COVID-19 pandemic saw the rapid adoption of social media platforms such as TikTok, Instagram Reels and the like as people sought more carefree and light-hearted content, since they were cooped up at home.
Our idea is to spread positive energy physically and mentally. One of our initiatives in the last two years was to get people to move more and hence, our campaign on “We Do Dance”. Ultimately, staying fit doesn’t always equate to doing gruelling exercises. Some light and fun movements are sufficient to destress and keep the body and mind healthy.
Working with SuperM (K-Pop group), we were able to do just that. With a chart-topping song ‘We Do’ and unique choreography, we saw many Malaysians, as well as other influencers, participate in the dance challenge.
I’m proud that Prudential has gone beyond the norm in helping Malaysians get healthier, while having fun.
How have you (and your team) kept up with changes in the demands of Malaysian customers?
Eric: For starters, we reviewed and enhanced our products. With our latest critical illness plan, PRUAll Care, we went beyond coverage for critical illness but also covered other serious conditions such as mental health issues and major surgeries. We even removed the pandemic exclusion clause from our medical plans to include Total Pandemic Protection, which gave our customers greater peace of mind in terms of current and future pandemic security.
Additionally, our all-in-one health and wealth mobile app, Pulse by Prudential (Pulse), understands you as an individual and responds to your health and wealth needs. We even have certified doctors that users can talk to from the comfort of their home should they need professional diagnosis and advice.
What’s next for Prudential?
Eric: As your trusted life partner, Malaysians can count on us to continue putting their health and protection needs as our topmost priority. We will play an active role to educate Malaysians on the importance of having adequate protection while innovating our offerings to ensure they enjoy the benefits of long-term protection.
Take cancer as an example. It’s a prevalent issue, and with our medical plans, policy holders now have access to precision cancer treatment – an emerging approach to treat cancer patients through genomic testing.
And as always, we will continue to live up to our motto – LISTENING, UNDERSTANDING, DELIVERING.
