3 years ago, I bought HONG LEONG INCOME BUIDER from a friend. RM6K / year. with LOCK IN PERIOD of 9 years
After I bought a few days, I regretted but didn't plan to revoke (grace period) since it is a friend deal...

Recently, I received a letter stating my friend has quit.
I felt that I have no reason to continue such scheme,SUPER LOW INTEREST, LOCK UP CAPITAL. (My salary NOT HIGH..)

However, the surrender value is NEGATIVE -35% if I take the money NOW..

Any idea? I don't mind lost all the interest ? CONSUMER COURT ? whatever method...

** I have no problem saving money ... I save most of my incomee(>50%) into saving, house & investment.

This post has been edited by cutepet: Sep 24 2014, 08:40 PM

Just go with it untill 9 years

You already bought it for 3 years..

3 x 6k = 18k

My advise is continue the scheme

You are not the first, definitely not gonna be the last.

The surrender value is always bad early on... Especially those insurance plans that payment short term for a long term policy.

You can try complain to HLA, and see if you can get a full refund. Not worth it for them to go to court for some small customers like you. 6k per year is peanuts to them compared to those customers paying 5-figure premium a year.

You can ask this 'friend' of yours on how to make a complaint effective, if your 'friend' knows how. Putting you in a better position to get a full refund.

If me, i will discontinue. Cause i rather cut-loss. Though i like to remind you, in the long run, you are most likely to get slightly better than FD return.

Your money is locked-in for more than 9 years. I rmb this is quite a long term plan. Premium payment is for 9 years or 6 years? Usually, it's 6-years for HLA. i think 9-years is the premium payment period, which means you are still not gonna be having positive returns after 9years. You get the most return at maturity. I have no idea when it matures.

Moral of the story, don't simply buy savings plan. Check and re-check

u should terminate in grace period... I know it's your friend deal, but when comes to money matter u should do the best thing for yourself..

Anyway better to continue now, because u already paid for 3year.. I don't think consumer court can help

Haiz....

Force saving plan.... While I have no problem saving...

Its 9 YEARS PLAN ! Newer plan is 6 years... Mine is 9 YEARS lo..

This can claim INCOME TAX ? (Under EPF & insurance, right ?)

Ya, I can get a FEW HUNDREND THOUSAND at the age of 90 ...

Nowadays, those friends selling things, I AVOID TO SEE THEM lo...

This post has been edited by cutepet: Sep 22 2014, 01:51 AM

yup, u can claim Income Tax..

"I can get a FEW HUNDREND THOUSAND at the age of 92"? I dun understand

-deleted-

This post has been edited by nexona88: Sep 21 2014, 11:06 PM

Adoi....forced saving is better than no saving. I tell you, if I don't have insurance and all the other stuff from Pru, GE, etc....I have money in hand....then I go spend buying car la, bike la, laptop la....better they take from my account annually.

6K per annum is quite small leh...just stick with it.

go bank negara complain, say agent misell, you might get a full refund, anyway its 3 years already I am not sure whether it works or not. For what I know, somebody do that before the 2nd year payment and got their money back

By accumulating interest RM6K X 9 years (RM54K) untill age of 90 (not 92), I can get a BIG SUM ! (Projected return )

This post has been edited by cutepet: Sep 22 2014, 01:51 AM

I plan to do that lo.... U know the method to do so...

Do u I need to inform the agent first ?

Thanks

I m stingy type of people... I think I can save very well....

Though I admit I earn little... JUST BIG PORTION of money go to Investment/Saving..

This post has been edited by cutepet: Sep 21 2014, 11:51 PM

Easiest way out, stipulate in your will who gets the money. At least people will be nice to you for that, and someone will be able to inherit some good money

Someone tried to sell that to me last year. I know it's unfavourable to consumers the moment the lock-up period terms was in it.

If you plan to bring this to court, i reckon that the odds are stacked against you. The agreement papers that you signed when you first purchased this will most probably has lines such as "you fully understand the product and agree to all other terms and conditions(the lock up period)". Having said that, you could try but you have to consider also the costs($$ & time) to undo everything.

If 6K/year is too tough for you, I'd say just cancel it and accept the losses. You could then use those to invest in some other stuffs like mutual funds to recoup your losses in the next few years.

why not just continue saving? is good to have a saving then none. i have pay this plan almost three years.. your situation are almost similar to me, thought of surrender it but value i get back is waste, so i just continue with it...

Friend is friend.
Your financial issue is yours, never mix money and friend together.
Never buy or commit anything just because friend.

You need to calculate the advantage and disadvantage in between from now onwards.
Look the past (-35%) is not going to help you at all and irrelevant.

Ask yourself if you put 6K/year how much you can get next year or following years as compared to premature cancellation that loss -35%.
Are you financial stressed due to 6K aka need to resort personal loan, credit card loan etc.

eg. (I don't know your plan, just illustration)
cancel now get, recoup 8K
vs
continue to commit 6K, then next year become how much.

Can you be better financial or whatever with recoup the 8K and no commit 6K which total 14K in hand?

So need to dissect the number and situation, I believe you have the projection number of premature surrender and total possible return when your first signed up time.
Look at those table.

Some people think it may be better to cut loss. this income builder is an INSURANCE 'savings' plan. For some, it might be better to cut-loss. the returns given is yes, under most scenario, is better than FD rate. I don't know if there's statistics, but probably over the long-run, it may be 100 to 200 basis point above FD, which is a lot when you compound it over the many years. Insurance companies have good (and also lousy) fund managers too so the return can be actually quite ok.

However, in most cases, your money gets locked up for VERY VERY VERY LONG. which is why i dislike it. for those really lousy at saving money, it may not be a bad tool to leave it for their next generation or next next generation.

cutepet

I have heard of HLA giving full refund after 1-2 years. Not necessary income builder, but other similar savings plan. After all, it's not that THEY don't know their AGENTS are MIS-SELLING.

think about it, what words did your agents tell you?
interest is it? insurance got no interest.
savings? this is not savings account, it's insurance.

But yes, complaining to bank Negara might help as well. But better have some proof and arguments to support as well. I don’t think BNM will simply entertain complaints without some backup. After all, they need to be fair to the insurance company as well. Can still be argued that one is ignorant.

ya... consider points given by the person before as well.

this is a very common scam by banks.

nothing much you can do, there are a lot of similar victims with you.

yup.. i agree with you but i have pay half way there. such a waste if i surrender now. wait till i'm old then enjoy. LOL

Saving plans are great if you are those itchy-hand type.. see money only must spend wan. No discipline wan....

Other than that... stay away from it. Its IRR is lebih kurang FD rate nia...

Xuzen.

How to decide whether to terminate or continue?

(a) continue paying. X years later, how much will u get?

(b) stop now. take back RMx,xxx. Use the RMx,xxx and invest elsewhere. Use the money that u would be paying to Hong Leong had u not terminated the plan and invest. X years later, how much will u get?

If u not financial savvy, ask an accountant friend to calculate for u.

What is past is past, when making financial decisions, u consider only the future.

This post has been edited by Pink Spider: Sep 22 2014, 01:58 PM

This is foolish.
The agent that sells you this, will use any trick he can think of/ sell you any confidence or assurance (after all, thats what people want to hear in conjunction with their greed).

he will use friendship as a way to get in. then give u assurance that it will definitely make you a lot of money or whatever.

So, when your greed + confidence in him is strong enough. you bought it.
this is all sentimental decision.
Wanna know the facts?
Here they are, the inconvenience truth:
a. The uncertainty - Your Gain on your investment
whatever they say you will gain (it is not certain) and what data/statistic he shows you is definitely biased. After all, its the investment into the future we are predicting. The sure thing is, its definitely going to be lower than what he shows. It all depends on the fund manager's and the bank's decision and the future development of what they invested in.

b. The certainty
Your friend will definitely get a cut of your investment as commission. Mind you, this is a 100% gonna happen. And god knows how many % of your investment is going be end up in the sales team hierarchy pocket. Well, from your statement, probably not lower than 35% goes into their pocket.

c. Yea, Right?
If everything is as good and as firm as what they say. Why don't they put any minimal investment return/ dividend on the Terms and Condition? They sell you all the sweet talk, in the end what puts in writing/agreement is the protection towards themselves.

You want to get back 100%? Do you think the entire team is going to give you back what they have as commissions? Think logically, if the bank is gonna pay you back, that means the bank gonna have to collect back from whoever that got the commission (might not be even working in the bank anymore), which is highly unlikely. They don't have to worry anyway, since you already signed the terms and condition. Read it through and get through your denial phase.

woah, so deep but true

This is so true, especially the commission part.

I am looking for a solution lo...

Hope I can really get back my money wit little losses... I can accept minimal loss

Hi.. I also bought the exactly same plan that u had. HLA income builder.

Actually besides complaint n surrender. You may reduce the plan to the minimum amount with the guaranteed yearly income of rm500. This plan actually have 6 years, 9 years & 12 years.

The agent sell to u 9 years plan just to earn higher commission. You can actually reduce the premium lower instead of paying 6k a year and also change the term from 9yrs to 6yrs. the premium can be reduce to roughly 2k - 3k according to you age.

Actually this plan is good for retirement because you're just paying/saving for 6yrs/ 9yrs/ 12yrs but the guaranteed interest payable to us up to age 90. But of cos we will not wait until age 90. You may withdraw the interest like maybe 5 years once or 10 years once or maybe when in future for any emergency use.

Since you have save for 3 years d. Not worth it if you cancel now.

The latest plan they had is minimum 6k. Paying / saving for 6yrs but interest only payable up to 25 years only.

The best way, I think you reduce the premium or change the term to 6 years if u felt 9 years was too long for u.

[QUOTE]

Can simply change plan one ?? Mine one, yearly income RM1,000

This post has been edited by cutepet: Sep 23 2014, 08:59 AM

not change plan, reduce sum assured. you are allowed to do it. but check the calculations. but this is better than total loss.

CAN NOT !

CHANGE OF PLAN ONLY ALLOWED ON FIRST YEAR . Check wit customer care already...

you are right.. i believe not many agents know how to calculate IRR...

they show you the return is so great such as 7-8% which is misrepresented.

Change of plan, yes only allowed for first year. What you are doing, is NOT change of plan. This is called reduce sum assured.

Change of plan means change different product. I already said it's NOT change of plan.

Total Money Paid 3 x RM6000 = RM18000

Value of Investment NOW (woi -35% NEGATIVE) meaning == RM18000 x 65% = RM11700

Next year 215 throw another RM6000 into sea

Value of Investment 2015 (woi -45% NEGATIVE) meaning == RM24000 x 55% = RM13200

TS cannot be Future Millionaire sure GOT Ghost

Reduce sum assured? The customer care said can not.. I will try again...maybe she blur blur one..


Actual loss is bigger than 35%. Need to wait next year cut off date only .... DON't know what to do lo..

Yes you can reduce to yearly income of rm500(minimum). So that your premium will be lesser d.

What u need to do is, told the customer service that u wish to reduce the sum assured and they will let u sign a request change form to do so. One of my fren did this too.

For me, this is better than surrender and u lost your money and den go for other investment and few years later again u withdraw your investment/ saving. Ended up , didn't save anything but lost even more.

You get what I mean? 😁

I understand... Thanks...

I will try complain to Hong leong, after tht BNM . After tht, court...

I don't recall seeing any positive threads about any Hong Leong income, builder, savings, wealth products (apart from agents trying to argue otherwise).

Ultimately, there is no one else to blame apart from the buyer.

Caveat emptor.

Actually nothing much to complaint. Because u did receive the policy contract. And at the moment, u did cancel with the period for full refund. Just because of support your fren. Unless u got any prove. Else agent still will fight for their right. To me, I feel this plan is not bad la.. U may deeply consider about it. This type of plan is for long term. Include whatever saving. Unless those high risk investment or share.

regret interest going up?
this funds only good if interest rate down...if u compare FD vs them....HLBB better.....if u compare ASB....ASB better
the IRR only 4.5% overall if you calculate. Only upper side, you get some life insurance coverage for your family

To be fair, when one is satisfied, one wouldn't come to this forum and will forget about this forum. when one is angry and pissed, then one will visit to this forum.

all these plans, are LONG LONG term. if one is in the insurance plan say, for 25-30 years and maybe one's child is just less than 5 years old. maybe one can use this insurance 'savings' plan for the child's house downpayment or something.

interest going up yes, but that doesn't mean their returns from this savings plan won't go up as well. to be fair to the insurance companies. they can manage investment well enough too.

i don't know if there are actual statistic but one should take ACTUAL returns for comparison. remember that what they show in the table is for illustration based on their projections. could be more (and also less) in reality.

cutepet There are only 2 reason why you want/should to terminate.

1. You have CONCRETE plans to ensure the money can instead be put to immediate use for higher gains investment.
2. You WANT to spend the money.

If it's not because of reason no. 1, then continue with it. It forces you to save. Many people think they can save without a plan. In many cases, most actually can't, especially those who do not earn much. It hurts them to see the little that they have going away into a fund they cannot use for 9 years, in your case, 6 more years. But unless you can guarantee a higher return if you terminate, then my suggestion would be to continue with it. The returns are generally higher than Fixed Deposits.

U know how they works right?
1 is fixed interest and another is variable (so call bonus)
The bonus one... i tell you, the funds like mutual funds company...they will keep on buying and selling to earn commission (fees income)....i work for bank lah brother....u think they charity ah

Kept service the plan unless u can use the returned money to earn more then 35% or unless u urgently need the money for emergency stuff...

there's not FIXED interest in insurance, the fixed part is the 'insurance'. but yes, the bonuses are variable.

Par Fund and Distribution

i don't work for banks, i haven't heard of mutual fund companies selling and buying for fees income, maybe they do, i don't know. anyway, if you are lazy to read the whole thing, you may read the below.



Yes, on the 'sales' side, it looks more attractive in low interest environment but doesn't mean it sucks as well in higher interest environment. just saying. Bye.

For the benefit of TS, I PRESUME he/she missed my previous post.

YOU DON'T THINK ABOUT THE PAST, WHAT IS PAST IS PAST.

If u still wanna stubbornly think about "aiya, if I terminate now, I lose 30%++ of what I pay...can I complain to BNM and get back full?", I wish u good luck. At the beginning u kept the plan i.e. did not take up the grace period window to cancel the deal to "give face" to your friend, years later your friend quit HLA, u wanna get back your money on basis of u being "misled"? If I am BNM officer, I'll ask u go fly kite.

This post has been edited by Pink Spider: Sep 24 2014, 11:00 AM

TS is not an investor else where can get suckered by this kaka?
Thus, TS can't think in terms of zero-sum now + future VS continuing being fish bait.
Well, pros & cons lor - we do need to feed the weaker ones to predators for a lively eco-system mar - then only will the weaker ones learn & get stronger OR weeded out
my apologies if it sounds harsh

Harsh but true

so cutepet, what's your decision

If you think you have the discipline, and able to put that money to good use in the future. you don't really need this thing...
This kind of saving package/ investment scheme, is suitable for people who has no responsibility and self control in their lives.
See, its a win win situation.
We force you to save, and you give us some as commission.

In fact, if you have good discipline, you don't even need all sorts of fancy insurance packages...

OK, I told my friend that time :" I know ur scheme not good one la, I can help u to buy. But, u give me minimum amount, I help u lo"

Shit, I regretted THE NEXT DAY! I won't cancel because friend..

Now,I decide to take action since friend no longer agent anymore... WITH LOUSY SERVICE fr HER too...
OK, I suddenly awakening NOW

lesson learned, nvr join any scheme/products intro by friends if not good

File a complaint is a good move..though difficult to win...

Pls update us..

You asked for minimum.. But the amount he given to you was actually not the minimum amount. And your fren should sell u the shortest plan with minimum amount since you're his/hers friend. At the view of mine, it is actually your friend trying to earn more commission from your plan that's why selling the 9 yrs plan to u. They earn higher commission compare between 6yrs and 9yrs plan. It was actually nothing wrong with the insurance company. It is the behavior and responsible for that agent. If u wish to make a complain, u should complain because the agent mis-selling as u ask for minimum premium. But not the insurance company.

This post has been edited by Girl99: Sep 25 2014, 04:38 AM

TELL US THE TRUTH....EX GIRL FRIEND SOLD U THE PACKAGE NOW TURN SOUR YOU WANNA REVENGE AH?

bro, please don't type in all caps. It is rude. It is the equivalent of yelling..

Noted.......i am noobie earlier

UPDATE：

Hong Leong said will reply me in another 5 working days.

You may a complain to FMB.

URL: http://www.fmb.org.my/en/

To be honest, if you friend did not give false information or blank promise on how this plan works, then I don't see any reason why should HLB entertain such silly request.

I am sure you will break a laughter at their office when they read:"Dear Sir, I buy this bloody thing because of my friend. I am so stupiak I don't know what the hell is this and I bought. Now my friend is no longer working for you, can I withdraw and you please give me a full refund despite the policy has stated the otherwise and I already agreed and signed on the paper."

1 word. Mempersiasuikan.

This post has been edited by td00164306: Oct 3 2014, 01:00 AM

U r not helping... Please..

Some more, double post.

I just try my best to get back money, which I know chances are slim.

For sure, if you surrender now, you'll be getting the surrender value as stipulated in the "table" shown to you during sign up.

Unless you're looking for filing a dispute with HLA and not happy with the surrender value because you have been misrepresented by your friend agent. Thus, you may give a try to lodge your story to FMB and if FMB sides your story, you'll be awarded 50-50 of the settlement (50% for you; 50% for HLA) under neutral verdict. Why not give a try there unless you're not convinced with your own story.

To be honest, I don't support TS and his story.

You only have 2 options, 1 only to be frank with you.
(1) Just surrender the plan and take back the surrender value
(2) Report to HLA and/or higher authority and claim mis-selling. But seriously speaking, YOU DON'T HAVE A CASE unless u cook up some grandfather story. To be fair to HLA, they'd most likely call up the (ex-)agent who is your friend to hear his/her side of the story. YOU HAD YOUR CHANCE TO REPORT/CANCEL the plan but you GAVE FACE to your friend and kept the plan.

Grow up, TS. And you don't deserve "help".

This post has been edited by Pink Spider: Oct 3 2014, 10:25 AM

First rule in finance, there is no free lunch.

TS had insurance coverage during the time he kept the policy in force and insurance cover comes with a cost. Cost will be levied upon you. There is no free lunch,, you have to pay that cost to the insurance company. It is a contract, you signed it, and since you not invoke the cooling off period, hence you are deemed to accept it in good faith.

You are free to sever the contract aka surrender, but that again comes at a cost, again back to rule no 1, there is no free lunch in finance, all comes at a cost.

Xuzen

I cant believe this topic is still going...
Cutepet,

Filing for dispute: (What David83 says)
- take into account, is the cost worth it?
- do you have any prove of being misled by your friend?
- consult and know the charges, see if the risk of spending more money/time is worth the money.

Or

Take back whatever remains of your investment since:
- there is no guarantee putting your money for another fives years or so will give you more gain
- the whole idea of all this financial products are to convince you to not withdraw your money, so that the financial firm can use this capital for their investment and their own gain.

What I suggest, if you are a sucker at saving money/doing anything productive with your money (lack of self discipline). you can continue to use this as a tool to force yourself to save.
Otherwise, swallow the 35% losses and take this as a lesson.
Here's something optimistic, in life we make mistakes, people who are knowledgeable and wise are people who has made a lot of mistake in the past. We learn from mistakes. Just, Dont make silly mistake.
Cheer up, you made mistake, and its not a silly one.

This is what happens when people get mis-leaded to think that the Investment Linked Policy (ILP) is for Investments instead of for protection.

Insurance has and always will be for its protection values, never for investments even if it is ILP.

Whenever anyone buys an insurance product, it is associated with the coverage (sum insured). The coverage given is not free and comes with insurance charges.

Here is the bummer, the insurance charges will go up as you get older (even the fund management charges as the fund grows).

If you are looking for investments, or even force savings, find a product that has the least charges (or better none ).

Those bummers where will look at charges? They only see "I pay RMxxx for x years, after x years I get back RMxx,xxx"

There are many that says continue the plan since already bought for 3 years

3 years cutting loss isn't that bad as compared to having to pay for 9 years and only able to 'break even' after 20 years.

Take note of the word 'break even', not even making money yet. The reason why any insurance product needs at least 20 years to break even is due to the high initial charges (agent commission, admin charges, fund charges, et cetra).

Its not only HL, there are other banks with the same products. Previously I recomend a few of my close relatives to Premier Banking into which the sweet talking RM introduced them to such a scheme. Upon hearing about it, all my persuasive talking and calculation could not compel them to withdraw within the grace period. On the other hand , it caused boh hua hi ness as it seems to give them the impression that they are stupid. Only after afew years, when they need the money, then there is the feeling of slight regret. I however strictly keep my mouth shut this round as not willing to go thru the same situation.

why u dun wan try to change a new plan ?? i thought able to change ??

beside, if according ur words, new plan is 6 yrs lock in, why u dun ask too change for new plan while u already paid for 3 yrs ??

Thanks for the info. Next time if any of my friend "promo" those ILP products, I would think it carefully before join it

depend on ur frienship actually..
my best buddy gang will really share their plan , cons n pron..
so far i heard the hong leong investment plan is better , because have the promised higher value buy bak ur share when the plan expire.
that why i wonder this income builder is same plan or not

This post has been edited by TerrorOfDeath: Oct 4 2014, 05:54 PM

which plan is that?

You are trying to breach a contract without receiving the undersigned penalty.

Promised higher return? If there is such a thing as promise it will not be call an investment. No pun intended.

It is called booster..
boost up the price for another... say 10% from the highest unit price..

however same applies. to eenjoy all these benefit. U must finish the whole course and wait till maturity.

First and last, insurance plans does not protect buyer at any 1 time, remember this until you are being buried or burn to ash.
When a person buying a product from company A and having problem, sure at least 1 agent from company B will come in and says this product are cheating and says their product does not cheat. This is SOP of all insurance agents in Malaysia.
When there is a plan that saying the return are higher than FD's interest, it is a trap. BNM already said this again and again. But yet still got people get their money cheated.

Aiyah, you don't know then don't simple say la.
All insurance plan that is sold is being reviewed and approved by BNM.

Insurance plan do not cheat. It is agent misinterpretation that leads to confusion. Over promises is one of the factors.

Insurance is about protection. Is there such product from insurance that doesn't not talk about protection? That is probably not from insurance.

If insurance is like what you said, then this thread won't be opened.
Indeed, an insurance company won't cheat, but human working in it will cheat.

So did the insurance cheat you?

Insurance company and Insurance Agent is 2 different entity.

Company already outlined all the terms and condition in a lot of pages in the policy that each received - if only 1 would read from page 1 to last page. All the fine prints and everything.

Insurance agent is another story. Got desperate agent, got lan see agent, got rich agent, poor agent, no knowledge agent.. All kind of agents will all kind of presentation, style, tactics.



This post has been edited by Bonescythe: Oct 4 2014, 11:32 PM

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 )