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.

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.

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.

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 )

so , bro, u no buy any insurance ? 

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.

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.

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.

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.

Even is friend or close friend , they only wan sales and commision . Who cares when u die ..... Saving plan via insurance is always no to me... There are lot more way like FD to do a saving plan .