Nice choice of wording there...
Let me tell you something REAL LOGICAL. Insurance is sold to buyer as a protection. Insurance from seller prospective is to earn money. All the odds are absolutely factored into the plan, how much you pay, how much you get as compensation in return.

"Just because something isn't a lie does not mean that it isn't deceptive. A liar knows that he is a liar, but one who speaks mere portions of truth in order to deceive is a craftsman of destruction."
-- Criss Jami

In all financial products, basically you have to sell them in such the way mentioned above. or else you will eat bread everyday... Wait? Why do you join insurance anyway? The risk of losing 80% of your friend/relatives/families.... Wait... Ya... Right... that make sense now.

And btw i totally agree with roystevenung.

So you are telling me that a company can outline something, but is by company or human that outline it?
Indeed all kinds of agent we have like you said, but 1 common of all them is will cheat to get a business.

Company outline in the policy, but it is the policy holders responsibility to read them thoroughly.

Yes, I agree many of agents. Some cheat for business, while some are genuine and will put down pros and cons.

You see, even now you are trying to cheat me, a company does not able to outline a policy, is the human working inside that do the job.
If insurance company does not cheat, then why we need to wait 1-2 months for a claim?
Even doctors that writing the report will say the same.

Dont argue. Some people holds grudges and have no objectivity and thinks the world is out to get him. He's an extremist. Though i felt sorry for those cheated by lousy agents, to have such twisted thinking is beyond any rationale.
Too difficult to save.

To the rest of the world,
For those interested to know, you may google HLA ever gain plus. You should get something off the website for the thingy about guarantee buy back whatever thingy.
Disclaimer: i am not in support of the plan. Just want to remind others that it's an insurance plan, NOT a pure investment product.

TerrorOfDeath just to let you know, remember insurance companies cant sell investment products.


This post has been edited by adele123: Oct 5 2014, 12:14 AM

Sell it in wad way? Sell it in deceiving manner to the buyer? Cheat and con people? Well, some agent does that probably.. But not all do it this manner. So don't generalize everyone in this industry for that group of people.

Professional insurance agent will access a customer needs and wants, and propose the something to supply to the needs and demand. They will also bring awareness of getting yourself and your family protected. Understanding customer, outlining their needs and wants, highlighting the importance, then proposing a solution.. Takes time and patient

Short cut to it is to promise everything lo.

so far its a investment plan
i tell u my currently bought plan.

let say the price for 5th OCT selling for RM 2, den its will lock it until occur higher value or the plan expired or u surrender like TS
so basically even the share drop till RM .10, i will buy more so when the plan expired or i surrender, the HL will buy bak with RM 2 ( if no higher value appear )
so far this is what i BOUGHT, I NOT SELLING PLAN, bought from fren and survey 99 baru sign

lol...i know ...that why we go over like Maybank investment plan n etc, and find out, HLA offer a better plan , hong leong assurance and that wat i refer on above

Nexg time, think properly before you put your money down. Your said friend must be a female huh TS?

no offence brothers, but somethings must need to wait a couple of time to claim,

like u bought a hdd, u send bak to manufacturer , they also need run test and check, this all cause time.
one more things, company have their rules n regulations, u cant expect how many policy or claim they need to handle every single working day.
like PredXXXXal, one day may be over a 1000 case to claim medical expenses, 500 case accident, so they need time to check the report ( avoid false report )

To me all isurance is bullshit. No matter what the agents tell you. Just buy whatever is neccessary like medical and hospitalization and leave the rest out no matter what the agents say.

This post has been edited by TOMEI-R: Oct 5 2014, 09:13 AM

If an honest company will straight away release. As per my doctor that saying insurance are cheating, this period of waiting time is for insurance company to do investigations to find flaw in order to reject the claim.

so , bro, u no buy any insurance ?

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.

Professional insurance agent.... huh... Anyhow, this debate is pointless... There is always good apple and bad apple. But majority is bad apple, down to the very fundamental idea of surviving. "everyone for themselves". O, wait? what is bad and good anyway?
Speaking of professionals, How do you justify you providing customer's needs & wants to what you gain? Of course there isn't even one standard metric of measurement to that. Pros and cons... policies.... What to argue about if it doesn't exist. An expert in any field can choose to present ideas whichever bias way they want to.

Damned if you do, damned if you don't.

But back to the topic,
I would suggest cutepet to withdraw whatever remain, if he/she can find a better use of the money provided that he/she has good self discipline. Otherwise, use it as force-saving. And you really should get over the idea of "I promise won't make this mistake again, please give me back all my money" thingy. 4 pages, and you still couldn't get to the acceptance phase. Mind you, non of us is going to share how embarrassed we are at learning our lessons in life, just to make you feel good that the amount you loss for the lesson is not really that damaging.

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.

Bah, another person that does not trust insurance
But yes, this is a fact that people don't know, sad but true.

I bought my medical insurance. Paid for 3 or 4 years. Then I got some gastric problem, when to private hospital and all the bills are fully paid. I didn't come out even 1 cent from it. No issue with claims at all.

Saving plan i also got. Bought and still servicing it, treat it as force saving for 10 years and keep until maturity. My friend told me to diversify, which I think is good. I know what I am buying, so no complain from me.

Invested in a savings plan, pay for 5 years, wait 10 years can withdraw, total 15 years..

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+