Haha..ya right! AGREED!!

When we have little money to spare...and with so many NEEDFUL things to do....is a tough choice.

Bogus. I cannot buy PA anymore cos I work at 'high-risk' areas. Aren't insurance suppose to protect?

read my story regarding my brother in law.. this is what I learned...

They will protect you kaw kaw IF your background is SAFE....

say, IF you travel on flight 6 times a week and you want to buy life insurance on flight compared to a person whom fly less than 3 times a year.

the insurance will insure who more? you or the latter dude?

you travel 6 times a week, that makes your probability on risk as 6/7. That is more than 90%

so, do you see the light now?

I mean, I buy insurance cause I know my risk is high and want to be insured, but they refuse to insure me due to my high risk.

PA premium is always low, as you only get compensated if anything happen due to accident.

Other than that, PA scope doesn't cover, including die due to sickness etc.

Can anyone confirm that all the insurance companies share one database?

this was being told by the insurance agents...

else how do they know that you are high risk and last year and you try to apply for another company which suprisingly get the info faster than you blink your eye?

sorry... I meant share info... not as in using one server..

This post has been edited by Awakened_Angel: Sep 19 2010, 11:38 AM

All the insurance proposal forms requires you to disclose whether your previous applications to other insurance companies was rejected, accepted with special conditions, etc.

The forms usually also require you to disclose the surgeries and hospitalisation that you underwent.

From what I know, the insurance companies have investigators that will spring into action when you file claims. And of course, they usually can get access to your medical records.

But I'm not sure if the insurance companies share one database.

Anyone know tune money insurance PA?

What mean by Medical Expenses * ???

https://www.tunemoney.com/web/guest/pa-get-...s&insuranceId=2

Come on brother, insurance company sure is calculative. They need profit as well. Insurance company insure with a concept of law of large number. That's why purchase at early stage is cheaper and could protect from risk. If you got your report that you get cancer then you use RM500 buy a policy which paid you RM500k loh. Then they will no insurance company and everybody will hope for cancer.

Will you open a company and give everybody free money and in the end bankruptcy?

To invest/saving, you need a basic protection to avoid risk to cost all your saving/investment just to cure/help your own well being.

To be honest, all insurance company is almost same due to they govern under Bank Negara rules and regulations. Just plus minus in certain issue.

It's confirm all insurance share a same database, it's same like bank which they share a database for banlist and so on.

This post has been edited by WingDeSole: Sep 19 2010, 02:54 PM

Interesting. I wonder what kind of info about an insured person is on that database

Brother, It's a risk that cost your premium higher. Same as your theory high risk high return.

So the company cover your risk which is higher than normal person so if you pay more than a normal person do you think it's reasonable?

Agree?

---

Added on September 19, 2010, 2:58 pmNormally is their health record, insurance claim and so on

This post has been edited by WingDeSole: Sep 19 2010, 02:58 PM

almost everything. can you imagine how the world could be if all the database is merge into one system.

Education results, your blogs, your medical? etc

Could you please stop provide wrong information to mislead others?

Don't keep over doing thing

I agree... I knew this... jsut that, I cant get over my self with the RATE/RATIO

I hope you understand and accept the facts.

There is few thing that you can't win over but you need them as well.

One of them is insurance and other I can't mention about it

try... I dono who you are anyway.. unless LYN management care to share your IP with insurance com

My guts tell me that you are an insurance agent right?

Yes am I,

I had nothing to afraid of to disclose.

As long as provide right and truth information what to be afraid?

In the eyes of many maybe thinking that most insurance agent will come n lie u all this n that

Undeniable there is a lot unethical agent in this market but not all.

As you can see I have seen a more sad and anger case compare with your brother in law.

It's a mother of my friends, the agent told her to buy an insurance but not really explain or find out what her need is.

Just propose her a saving plan, then few years later she got an cancer.

Is there any sum assured will be paid?

The answer is no because in saving plan only cover death and permanent disability. Yet there is no waiver adding.

Can't work, need to pay for the medical expenses, pay for insurance.

I became an insurance agent after that incident.

It's might sound unbelievable but I hope I could provide a correct information so everybody could purchase a right insurance for them self rather than blaming others but end up suffering as well.

Personally I seldom done life insurance unless there is need or friend/relative request. Most people already had life insurance nowadays

I'm more into Mortgage Insurance.

This post has been edited by WingDeSole: Sep 19 2010, 03:17 PM

talk about my mother`s case whom purchase insurance with a RELATIVE that claim she can FULLY(which mean 100%) withdraw money after 21 years which mean when I am 21. then during that year, I went to AIA office and try to redeem the money. guess what? they say you didnt read meh?(how am I suppose to read when I was an infact ) it says you can withdraw as early as 21 years, but if you withdraw now, you can withdraw less than 50% only,

i asked her, when can I fully withdraw? when i am 100 years old


I see. I purchase insurance (life and medical) from an old agent(whom is more responsible compared to young ones whom aim to earn)

I know the designed system is to "help" people while making a profit. but some agents or officials ruin it. Let me shared to you another story of my friend

Her dad died from an accident. And according to papers, he is able to get 100k compensation. But in the end, the mother obtain less than 50k. Why? according to the company, the dad`s age limit has reach retirement age and has less responsbility & commitement

my friend`s mom only receive the sum after 10 long years



mind sharing? i am not familiar with insurance as agents get irritated when I asked too many questions especially my friends who are agents. plus their web do not contain detailed info

This post has been edited by Awakened_Angel: Sep 19 2010, 03:35 PM

I'm agree with those people that ruin that main purpose. Nowadays all those young agent only know few aspect about insurance and only know about few product. However I'm a young agent as well to be honest.

That's purchasing an insurance is a important to our life. It's a one paper that might help or ruin our life in critical moments.

I'm not sure when all your case is happening but as I know insurance policy before year 1997 is not that advance because before that time Bank Negara not really put their hand to govern all this company so there is flexible range of changes and loop hole .

Mortgage Insurance is name by public as MRTA and MLTA

It's a insurance to protect the loan that you acquired to purchase a property.

Did everybody see a long bank auction everywhere nowadays, It's because the person failed to payback the loan due to financial problem.

Most financial problems start in a family is their bread winner death or get any serious illness.

In common situation, most of the time is father earn more than mother ,agree?

So they normally purchase houses base on father income.

If there is any death/critical illness occurred with the father or person insured. The Mortgage Insurance will help to paid off the loan and might have extra for them in most of the case.

It will be very sad if a person sick to lost their home or a widow and a child to lost their home. So as advise please bear in mind to get a 3D Mortgage Insurance rather than to save a little money to purchase those 2D insurance because critical illness is more likely to be happen compare with death and disability.

Ohh.. MRTA... that sounds familiar...

any stipulated terms and conditions?