Recently, i just met my one friend who is a "part-time" insurance agent. He was selling me some package like "second epf" which provide higher return than the normal epf.

He was so confidence about his company's product, saying it's reliable, good return (8% pa) and bla bla bla.

When asked about how the company provide such a high return and why is it so reliable, how can i trust my money with your company and etc, he cant provide me with convincing answer. All he can say is that the company is backed by powerful bank, many years experience in investing and some BS that don't sound convincing at all (maybe convincing for those who don't know anything about money).

At least i would expect the agent to tell about how they secure investor's money (supported by some solid evidence), how exactly the company is going to invest the money, what are the risk (how the interest rate can fluctuate) and etc.

How can an agent sell the product without knowing everything about it? The customer can potentially put their lifelong savings into the so call second epf. If anything went wrong, how are you going to be responsible for that? Missing in action? For me this is very irresponsible and irritating.

I am not sure if the fault lies with the education of the insurance company, or the mindset of insurance agent itself. One thing for sure, good insurance agents are damn hard to find nowadays, especially from the younger generations. Hope that the youngsters who planning to become an insurance agent can think twice before they screw other people's life. If u wanna become an agent, be a responsible, reliable and knowledgeable one. Your clients are putting their livelong protection in your hand, potentially for the rest of their life. Please avoid the salesman mentality, don't always try to sell the product only; you are selling a lifelong service. Yes, selling insurance can earn you a lot, but you are paid for the good service which u ought to provide for the rest of the insurance period.

Cheers!

Is it legal to promote your insurance product here?

+1

U dun give ur baby 1 million, u teach him/her how to earn 1 million

But i think the insurance is trying to fund the child's education or something, which my parent bought for me when i was young. But now the child can loan ptptn lah, and i will tel them try to fund themselves also. If lagi best, try to get scholarship

My parent dun use the money for my education, they use it on themselves

The reason is i got scholarship and i go work part time myself during uni time

The main idea is the children nowadays must try to live on themselves instead of having their parent spoon feed them all the time. If not the number of spoil kid will be too damn high.

+1

We should let the child choose their path instead of tailor made one for them

This post has been edited by 1setsuna1: Aug 30 2013, 10:49 PM

wrong quote izit bro?

When u accept call or message from a friend who never contact u in years and he/she is asking you out for meal/yumcha, never fall for that

No nid to burn bridges, just ask them frankly are u trying to sell me insurance. If the answer is yes, turn them down immediately, dun waste both of your time. No hard feeling thou.

Normally i will just tell them i don't nid it. In case i feel that i need, i will find them. Normally they will stop bothering me

Let me rephrase ur fren's sentence lah: U know, insurance line is so profiting. it turn our friendship into bags of money!

It's not about the commission, marketing strategy or the insurance company. It's about whether the insurance u selling is actually worth it or not and if it is suitable for ur client or not.

And don't you think u are on the socially awkward side here? Just look at how much hatred is directed towards insurance agents just because people have met too many irresponsible on in the past. How many people wish to run away from their insurance agent/direct sell friends? I understand it's the way of living, but at least do it responsibly and not to blindly chase after target only.

I got one friend who was selling insurance as well, but instead of targeting her friends (since she know most of them don't need it), she was so hardworking making cold calls to potential customers everyday. As the result, she only deal with people who feel they needed the service and not forcing people to listen to BS they dun even care.

Think about it and be responsible.

+1

Quote from lunch bro previously, if the saving plan can guarantee 6-8% interest pa den everyone no nid study investment so much already. Please ensure the information u tel ur clients are accurate and non-misleading, dun make use of other people ignorant to maximize ur profit.