Sorry, good place is operated by government, not because of cheap, is because of the quality.
Don't listen to what insurance agents says as they just want to secure a business that will sponsor their rm5M bungalow and 6 star hotels in Europe.

Well, that's means you can't manage your wealth.
Today I got another friend got cheated by insurance again

Nothing much, a savings policy that should be matured after 20 years he can only get the money after another 5 years

Trust me, with or without those optimistic numbers also the agent will cheat and mislead.
Not to mention some old timers I meet in coffee shop today said that they need to take out rm30000 as deposit on top of the medical they have before doing an operation. They bought the medical card 20 years ago. Why they need to pay upfront? Is because the medical card depreciates every year.

This post has been edited by supersound: May 9 2015, 04:33 PM

But, but, but, all agents will still link your policy to investment.

An insurance policy do provide financial security all the time, just that all insurance agents are trained not to tell is actually the insurance seller have all the financial security, not the buyer.
20 years ago when I was jobless and looking for job, I just join insurance company as this is the job that no need to have high education background. This is the most important that I shall not tell any potential buyer on who is getting benefits actually by my senior. He even brought me along to prove his statement, 1 person is he never tell the dirt truth and able to secure the business. On the next person he told the fact and both of us were being chased out by that fellow with a parang
Once we managed to escape, he told me : see, being an insurance agent must not tell the facts and must cheat and mislead.

Trust me, they will use excuses to link it.
So always get the policy first, reads and understand fully.
First month don't use direct debit.

Buying insurance is expecting total exclusions
They are more happy if you willing going to general hospitals, sure they will cover. As most operations, sleeping in the wad are 50-95% cheaper than what private hospitals offering.

Not that easy as you need to get the death cert first, follow by taking oath. The process are freaking long and you may need to run few times for the same place
If normal death, it is easier. But "death" due to MIA insurance will still "investigate"

This post has been edited by supersound: May 11 2015, 11:04 AM

Trust me, as long as you don't submit a claim, you won't know until you get rejected.
And every year got > 1000 of such cases, where 5% of it will come out in Chinese newspapers.

Well, rm700 is still some money. Just withdraw it and cancel the policy.
As soon as you don't pay the premium, you are not protected anymore.

Sure cannot.
As some coverage does not exist in personal insurance as the company are providing the coverage(like if you claim that, company have to pay them self)

No need to worry, worst is you pay first

All insurance agents will glad to serve you on this as a big water fish want to waste his money liao
So far I only see all plans are boasting they are making > 5% gain, but once signed the policy, all are making 10-20% from the boasted yield
And some of the agents are sitting in the MDRT for 3-4 times

If you are sure you are not going to use that money, better put in to EPF.

So now they including the word "fraud" to justify denial of claim are right
That's why I said, reading the exclusion in the policy will know that insurance are cheating.
With this statement, they can really overrule everything on the can claim part.

This post has been edited by supersound: Jul 3 2015, 11:23 PM

Nope, mine don't have, that's why he use "potential" to deny my claim

Is just another lie by insurance companies.
Government always says that people shall beware of ponzi schemes. But they never warn people to beware on legalized ponzi schemes
Too good to be true, be it legal or illegal must treat it with extreme precaution.

You need to find an insurance company that accepting photocopy of medical report

Good luck to you on going to Genting and throw money on Big/Small by buying 3 6 all the time