just wondering  how many years you in the insurance industry 

AIG goin brankrap lo . . . still buying from them?

well just jk k

actually got.. i remember once i bought from MAA online.. they were giving free insurance + umbrella + travel sleeping bag + chance to win GOLD wafer..

that was 2 years ago.. don't know if they still have it now...

because you did not answer truthfully on his question!!!!

at post #407, ivanswk asked about his situation, where his money will gone to...
and you replied at post #408, which the info given are nothing really answer his queries, you keep talking about how this works and that works, making like how expert that you are.....
and at post #411, you are just merely PROMOTING how good and how good your AIA insurance company are... is it really that good?

since you know so much, tell me about "Critical years"...

sigh.... well, firstly, you skipped what i said about ivanswk's query.
2nd thing, why would I wanted to sue you? You should be more aware of what you're talking/sharing here.
3rd thing, I didn't say that you say AIA's products are very good as you claimed of what I said. I said you were merely PROMOTING your products.

like how? these are the stuff you wrote... and I bold up some parts to make you realise it.

inside this topic, at post #411, you wrote these:
======================================
"The sum assured for whole life insurance is fixed unless you add premium. Whereas, the sum assured for endowment plans will increase depending on the performance of AIA Berhad. If AIA Berhad performs very badly, a dividend of 4 % is payable to its policyholders. If AIA Berhad performs very well, a dividend of 7 % is payable to its policyholders. The premium for endowment plans is guaranteed to be fixed.

The return for endowment plans is not guaranteed but it must be at least 4 % for AIA Berhad no matter how bad AIA Berhad performs. For Investment Linked Plans, the return can be zero or negative if the funds you choose perform very badly."
======================================

just want to share my thots on this...
to those buying insurance...always remember, insurance is insurance ie its for protection, for rainy days, for when you meet with accident, for when you kena heart attack etc.....therefore u must PAY for that protection...if never kena anything, then GOOD for u...dont think about the premium u already paid...thats the cost of the protection. if u wanna invest...go somewhere else. insurance for investment = lousy returns. cash back are just goodies and gimmicks to lure buyers in. and its the cash back that pushes up the premium you pay every month. go ask any agent how much it cost if NO cash back at all. how much is TERM LIFE. dirt cheap, friend !

to those selling....i know that you guys also cari makan, but pls educate your clients on ALL your products and not just the ones that pay the highest comm. tell them how to lower the premium, the pros and the cons.....THEN let them decide.

yeah... agree too.
and noted as well.
ING adviser here. ^^

I am totally new to this so I hope some of you vets can shed some light into my distorted point of view.

I am planning to get an insurance and never had one before. A friend who works for Prudential full time approached me and drafted two options for me. One is called the PruLink and the other is the PruCash.

After drafting these 2 simplified diagrams for me, she asked me to sign up. Well, I would love to because I know for a fact that, for insurance, the earlier you buy, the better.

Problem here is, while persuading me to sign up, I have had no terms and conditions, projected growth table, list of covered illness and etc. I have a measly piece of A4 paper, drafted with pen and words spoken by mouth. I asked for a proposal and what I was told is that, there is no proposal until I sign up. So, here I start having doubts.

I've known her for a decade, and I trust her but this isnt supposed to be the way it works, is it? I mean, how could you ask someone to sign up for something for 30 years, paying something like RM150 - RM300 per month for 30 years and not given a proposal? Would that have worked if the customer she approached is not me but a professional business man?

She approached another friend of ours and gave him a proposal in A4 converted to PDF. A mere 4 line piece of art with limited information and I just dont believe that's how it is. My friend spoke to me about the way she worked and said that even his dad's insurance agent who has poor english gave a better proposal than the one he received from our friend here.

So, I postponed my purchase and then told her that I would only buy after she answered a list of my questions. At that point of time, I didnt have much time to research on this Prudential product, so I left this behind with my To-Do-List until she recently text me and asked my decision.

What should I know when buying an insurance?

The thing is, I know not of any other insurance policy, therefore I will not be able to tell if this is the relevant one for me. By the way, wouldnt it seem more normal if I was presented the policy contract by the insurance agent prior to purchasing? I'd like to read through the details to know what I'm offered, rather than a hand-drawn piece of art on a A4 paper.

Hihi,

Is there a man who has no need for protection? I mean, is that even possible? Or have I been brainwashed by these insurance gimmick that everyone needs to own one? So what kind of a NEED is there for a single guy who works on a shift job, drives 100km a day to and back from work, with family to help out? Sorry, I am totally green in this area.

I am trying my best not to rush and I need to do some shopping, yet I know not many insurance agent. At the same time, I do not want to be pestered into buying them. The day I picked up my friend from her appointment place, she got up the car complaining about the customer whom she had just met, spoke so much and didnt buy from her. I ended up being like that too! Not like I'm obligated to buy but just dont feel right since she just complaint about the other guy and I happened to do the same.

To me, I cannot bring myself to commit on something just because it's attractive. For something we are going to pay for the next 30 years, we need it to be practical, to be worthy to every single cent of our hard earned money. If Benz, attractive, you buy boh? I think not. That's what I'm trying to say.

Abang,
The problem is I dont know how to measure whether it suits my needs. I am skeptical because I think there will be better offers out there.

Ok, this may not be the right way to put it but something like:
A. Offers me medical card with renewability feature and is guaranteed.
B. Offers me the same + cash back Rm1000 per year (I know it's impossible)

I just dont know what is out there in the market, so I dunno what suits me. I need to see these policies to start thinking and working on it step by step.

Thanks for understanding and again, thanks for helping clear the confusion in my head.

Buying insurance is not because you are going to die, but because somebody still need to live.

Wanna ask if i got a medical insurance.. And i go for specialist treatment .. will the insurance cover the specialist treatment..

I am planning to get some insurance (agents, pls DONT PM me) but i'm posting here with my view and looking for opinion.

Some agent has tole me that Critical Illness is not available on a term basis, i.e must be life (traditional??) and/or investment-linked. is this true?

I am planning to get these following coverage:

1. a standalone medical card.

2. some CI/TPD (actually hopeing to get term covering until I'm 60-ish) but on hearing its not available, maybe i'll go for the life CI/TPD coverage.
2a. dont really need life, but again agent is saying CI/TPD must come with life (oh well, will help pay for the party )

3. some yearly income in event of CI/disability (i believe this is more worthwhile compared to lump sum CI/TPD as the premium is much cheaper - max coverage 100k only though)

4. PA - again very low premium

as my company is providing some insurance, the plans i am thinking on will act as supplement / back-up (in case something happen to be between jobs)

comments?

Dreamer,

You are very very right as we cannot predict the market. So that is the risk with ILPs. There is no guaranteed returns in ILPs.

Ronnie

I have a question.I still don't really understand the concept of insurance.

I do understand the concept for car insurance.You pay insurance to cover eg rm30K by paying rm1000.If you get into accident,the insurance co can pay up to rm30k.But then after that you need to start paying with 0 NCD,which is gonna be rm1k++.

Is this the same as life insurance or medical insurance?I mean,once I claim for medical insurance if I was to be hospitalized,do I need to pay extra after that?

guys, anyone experience about AIA insurance? how is it?

btw, is there really any Unlimited lifetime limit  Medical Card in the market?