Insurance + investment are bad financial decisions
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 May 8 2009, 03:19 PM
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#1
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Senior Member
4,436 posts Joined: Oct 2008  
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I too have Life ILP. I will periodically take out the Accumulated cash to invest in equity directly. But will maintain the Life coverage. When the cover becomes unattainable, I will just discard it and switch to basic term. That is my plan.
Xuzen |
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Nov 25 2009, 02:42 PM
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#2
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Senior Member
4,436 posts Joined: Oct 2008
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Also in investing/savings/insurance... stick to the K.I.S.S principle.
Keep It Simple & Separated. Xuzen |
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Nov 27 2009, 12:42 PM
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#3
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Senior Member
4,436 posts Joined: Oct 2008
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QUOTE(epalbee3 @ Nov 27 2009, 12:26 AM) ok.. so in conclusion, buying kurnia insurance is safe or not? will it be protected by PIDM? Insurance company are under scrutiny by BNM, they must by law maintain a solvency margin. This means the company must have at least an excess of RM 50million of the amt that they insured per business type. If the insurance company does not comply, their license will be suspended until they comply. Can they delay the claim? Added on November 27, 2009, 12:44 amI should say that AIA has higher risk than kurnia, by the way. I also believe BNM will involve is any insurance company has problems.  Xuzen |
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