Thanks for all the input...

I will try my best to get back most of my money.. Or request to reduce premium  OR worse case, continue to serve.

I do not think it is costly to take action.  I done via phone & email. Even bring to court, it cost RM 5. And postage maybe RM 10+

So you bought insurance, can you explain to me up to this moment, how much you gained from them? I don't know, money? safety? whatever it is?

I didn't buy 1, and when i broke three of my metatarsals from extreme sports, I went for surgery and stay in government hospital. Ended up total charges not more than rm150.
Do you know how much the government spend on healthcare annually? And lets not go into debating how paying premium insurance is more worth it and private hospital bla bla bla...
Because at the end of the day, the charges go back to you, in the form of...... insurance....
Insurance & Priv hospital have their own arrangement, do simply logic, if insurance company gain, and private hospital gain. In the end, who losses?
Take for instance, if I am to go into private hospital for that surgery, The bill will comes out like god know's RM 5k? RM 7k? I don't know... But I don't have to pay a dime for it because my insurance covers it all.
But of course there are times when these insurance plan are really helpful too. like maybe when the government healthcare services are so crowded and bad (and slow LOL). Private hospitals are more comfortable.

All in all, you should only pay for what you can afford, don't get yourself misled into premium plans that you couldn't afford, in the end who's the one who gets hurt?

I go for body check-up, decent diet, regular exercises, I would rather invest into my well-being than pay up all these insurance premium and wait for the "Big Finish" because I am too lazy to really Take Care of Myself.
But this topic is about what income-builder scheme, which is more to investment, not insurance. Lets stay there.

Nope, not a single insurance. Why? Because they cheat.
Savings = confirmed to cheat, a 10 year plan need 20 years to get it matured.
Investment link = value lost by > 75% within 3 years, got cheated by will be having 6%, at the end, 0% dividend for 3 years
medical? The only company that says will follow the document, but when I need to do a surgery, claim rejected. Doctor even willing to give me 50% of the total cost in cash if I can claim after appeal.
Do insurance cheat? Nope, it won't, but all the people working will cheat.

Insurance dont cheat, but humans do.
Not just those working for the company, aka agents but also those who buy.
If you know next week you're going for major operation and will cost about 50k, you think you will buy or not?
Seeing the way you portray yourself here, sure you will buy, and confirm won't disclose that you're going operation next week.
Pay few hundred, but cover my 50k wor, save so much.

If you don't already know, when one finger of yours is pointing at others and calling them cheaters, there are another four more pointing right back at you.
If you have had bad experience with agents, then you have my sympathy because I did too.
Know that when you allow your past experience to keep you from moving past it, you're just allowing that same person to continue hurting your benefit.
You think if you don't buy insurance, that fella got feel meh? The fella will suffer financially meh? He/She probably even forgotten about you.
But if you still don't get it and still wish to condemn insurance, by all means, anyways it says more about your lack of understanding of the true purpose of insurance.

Cheat u 1 time maybe u are unlucky
Cheat u 2nd time maybe u are REALLY unlucky
Cheat u 3rd time...what it means?

Actually not really. Once I claim from airasia cause for damaged for my bag. Repairs cost rm100. They cover rm50 only. Saying something is their policy of minus rm50 from the claim. Like that also can.

If you tell me that's not cheating then I don't know what is it. Only coveting half when padahal expect them to cover completely.

But as you said, buy insurance only if you cannot cover your networth and to protect the provider family.

"EXPECT." Key word there. Did u read the policy T&C before u click "buy"?

We also have people who bought "cheap" PA and EXPECT it to pay out upon death under ANY circumstances lor

Read through the thing. They didn't mentioned anything about rm50. I asked them (email) they told me you take the money or you don't take the money. You don't sign the paper, you won't get any money. You signed, you get only rm50. So if they want to play like that next time. I can play like that also. Ask the shop to write in the receipt for extra RM150.

If buying a cheap PA and they don't want to pay upon death, then it's cheating also what. As a PA is meant to cover usually natural, accident death. Am I not right? You pay higher premiums if you want larger amounts, and it to cover more areas.

Actually not really. Once I claim from airasia cause for damaged for my bag. Repairs cost rm100. They cover rm50 only. Saying something is their policy of minus rm50 from the claim. Like that also can.

If you tell me that's not cheating then I don't know what is it. Only coveting half when padahal expect them to cover completely.

But as you said, buy insurance only if you cannot cover your networth and to protect the provider family.

1. Why u no take the case to higher authority?

2. PA is PERSONAL ACCIDENT. Accident means things like car accident, fall down stairs, kena rob etc, die in your sleep or die after having sex with 3 prostitutes ARE NOT DEATH IN ACCIDENT.

Read through the thing. They didn't mentioned anything about rm50. I asked them (email) they told me you take the money or you don't take the money. You don't sign the paper, you won't get any money. You signed, you get only rm50. So if they want to play like that next time. I can play like that also. Ask the shop to write in the receipt next time for extra RM150.

If buying a cheap PA and they don't want to pay upon death, then it's cheating also what. As a PA is meant to cover usually natural, accident death. Am I not right? You pay higher premiums if you want larger amounts, and it to cover more areas.

Next week going for operation and buy now it won't cover.
Yup, you are right, not all agent cheat, that's why I got cheated for 3 times

Read through the thing. They didn't mentioned anything about rm50. I asked them (email) they told me you take the money or you don't take the money. You don't sign the paper, you won't get any money. You signed, you get only rm50. So if they want to play like that next time. I can play like that also. Ask the shop to write in the receipt next time for extra RM150.

If buying a cheap PA and they don't want to pay upon death, then it's cheating also what. As a PA is meant to cover usually natural, accident death. Am I not right? You pay higher premiums if you want larger amounts, and it to cover more areas.

Why I got dragged back into a conversation thats so long time ago??? Please check my reply date nx time before bashing me.

Btw, all your replies shows your very very pro-insurances stance.
You are probably an agent yourself.

and the way you try to twist the facts of cheating into something else. says it all.

Hei, there is a saying "When you are doing something long enough, you see everything in it". deep in yourself you know you are trying to hide the things that stops you from closing the deal.

I dont even want to get back into this topic.
I have a real close friend who got into "District Manager" pos in insurance selling, he is now 40+ ages. Save your bullshits. Its just a "money game" thats the exact word he told me, especially those financial/investment products, such as whats this topic was originally about:
"INCOME BUILDER scheme"

And people who stopped replying for 3months plus, dont really want to get back into the same conversation. You are not very perceptive, which is probably why you only see the "GOOD" side of the crap you are selling. But watever, leave me out of it.