HOW!? Regret buying Hong Leong Income Builder.., Any way to revoke & get back the money ?
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 Oct 4 2014, 08:01 PM
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#1
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28,187 posts Joined: Mar 2007 From: Underworld   
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QUOTE(nexona88 @ Oct 4 2014, 06:02 PM) which plan is that? 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.  |
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Oct 4 2014, 10:37 PM
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#2
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld
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QUOTE(supersound @ Oct 4 2014, 08:54 PM) First and last, insurance plans does not protect buyer at any 1 time, remember this until you are being buried or burn to ash. Aiyah, you don't know then don't simple say la.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. 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. |
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Oct 4 2014, 11:29 PM
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#3
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld
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QUOTE(supersound @ Oct 4 2014, 10:48 PM) If insurance is like what you said, then this thread won't be opened. So did the insurance cheat you?Indeed, an insurance company won't cheat, but human working in it will cheat. 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 |
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Oct 4 2014, 11:52 PM
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#4
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld
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QUOTE(supersound @ Oct 4 2014, 11:46 PM) So you are telling me that a company can outline something, but is by company or human that outline it? Company outline in the policy, but it is the policy holders responsibility to read them thoroughly.Indeed all kinds of agent we have like you said, but 1 common of all them is will cheat to get a business. Yes, I agree many of agents. Some cheat for business, while some are genuine and will put down pros and cons. |
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Oct 5 2014, 12:00 AM
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#5
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld
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QUOTE(DirectorLee @ Oct 4 2014, 11:35 PM) Nice choice of wording there... 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.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. 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. |
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Oct 5 2014, 03:01 PM
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#6
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Senior Member
28,187 posts Joined: Mar 2007 From: Underworld
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QUOTE(supersound @ Oct 5 2014, 11:16 AM) Nope, not a single insurance. Why? Because they cheat. 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.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. 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. |
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