Great Eastern is the best..

I myself insured by it. Even ventured into it part time but didnt work out for me due to lack of time and commitment (before i recruited any customers as I dont wanna let them down later by doing things halfway).

I have great friends @ GE selling insurance and are very good agents. Interested please pm me and i'll inform them to contact you via phone or face 2 face.

After learning so much bout insurance, all I can say is it is needed, at any age if you can afford to get one. In case anything were to happen, you and your family will have much less burden. It is also part of saving and investment as the life insurance premium keeps growing with interest (exclu med card as the fees are burnt yearly, not much the most equivalent to paying internet/astro fees a month, yet giving u health coverage to the max when u need it)

anyone interested can ask me further and i'll explain

*hint: GE is number 1 in malaysia, the best... according to Bank Negara statistics and year to year performance chart... they nvr fail to perform and always keep to their words to their customers!*

This post has been edited by Davidtcf: May 15 2010, 09:11 AM

problem is ppl dont understand bout the concept of insurance and their mechanism.

One is suppose to get themselves insured before a sickness kicks in, else it would be difficult for any insurance to cover them. (It's just how they work, they cant go covering someone when they know the person is already diagnosed with a serious illness)

That is when one will start valuing their policy. And that is why purchasing a good insurance before such a *touchwood* thing happens is important.

Yes, for GE such a treatment is nothing. For my med card alone, I pay around 60 a month yet my life time coverage is totaled to 600k. And they wouldn't question how you use it if you need to.

Life policy covers 2 things, permanent disablement, 36 critical illnesses (cancer, other serious illnesses etc) and death ($$ will go to loved ones). If not after 20 years one can consider withdrawing it for personal use if need to (total + interest which will b lower than the perma disablement/critic. illness/death).

So conclusion one needs 2 important things to be fully covered, Life policy and med card. These two which is seldom touched concurrently by agents nowadays as med card has a lower profit return than a life policy/investment policy. A good agent will tell u, that u need these two and that it's a must, the rest are just additives if you have extra $$.

How profit is calculated to the agents:
Med card return = 1 time payment to the agent only... which is total for that year. yet they have to service u ur whole life till death. (visiting u at hospital and running the claims for u)

Life/investment policy = 60%, 50%, 40%, 30%, and lastly 20% for first five years of total out of what you pay will be their commission. Yet a good agent will continue serving you well even if you're out of that 5 years already. They are suppose to serve you for LIFE, thus explains their high commission being paid to them.

hope that explains.

Anyway GE is the best, which is due to:
1. always guranteed payment (but doesnt mean no delay as they need to process etc)
2. helpful agents which will really explain to u and run up and down for u (make sure u reli choose your agent, once start no turning back.)
3. high interest rates (they always do well due to good investment around the globe. GE is a sporean based company yet grew fast.)
4. Total assets is 3 times to the nearest competitor (u can check in bank negara statistics, in billions).

A good insurance company needs to know how to survive, how to be at the top, how to handle its funds.

As insurance has high profit and fast liquidity as well due to ppl applying for claims etc. A good insurance company will not simply use its funds and must be "kiamsiap" in terms of spending and must know how to invest well to make more money out of policy holder's money. (which is why u rarely see GE compete for the advertising space as it costs a bomb to do so... they depend heavily on good agent training and policy returns)

And another thing is, when u buy insurance, always choose the best in that particular country. Let's say ur in China, I wouldnt recommended GE yet you must go for China Insurance, which is the biggest there. That is when u can reap the max outta it.

Alot of ppl dont know bout the above, is when u join in the industry and really start learning and selling, then you will understand it fully. Thats why being an insurance agent is able to earn ALOT, if you are good at it. Yet for the buyers, u need to buy smart

*hint: for life policy, you dont need to buy alot, just buy what u can afford first and slowly upgrading it when u can afford to. For med card always go for the best or 2nd best available to u for that insurance. As med card is important when shown at the hospital. Better cards give u better rooms (which is important when u imagine the hospital u go to is full? and its an emergency?)

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Added on May 15, 2010, 11:31 amanother important fact:

quitting your policy early = losses (u will get less than wat u invested in earlier. muz be done else alot of ppl will quit quit quit when times are bad)

and once u wanna start buying again? the mthly/annual fee will be higher.

why? due to ur lifespan being reduced as time goes by, thats why the fee will be jacked up.. its just common sense

This post has been edited by Davidtcf: May 15 2010, 11:32 AM

lol.. and u are an agent for PBank?

it's about passion to help those under-informed or misinformed. i dont do this for money just wanna help

then u have to start questioning whether that is a good insurance to begin with?

Yes I have heard such stories before. That's why an insurance company's reputation is important.

I feel for u bro... Hope u'll be able to settle it.

If I were you, I would terminate that policy, get a better one to cover. Some insurance are lidat, ask u pay out and stuff and all, and come to claim reach a dead end when u really need it.

bcoz i was once an agent before. I even passed all the exams required to be an agent and is attached with an agency, u can search it up it's called Eastern-Link based in Ampang.

even had a senior to mentor me. i even went for the seminars and is closed with the managers. They helped me alot yet I felt I am unable to at this time.

That's whr my knowledge came from. My agency practices transparency to their clients, we say the truth when asked and will b sincere. that is our culture there.

Imagine if u were me, having an IT degree, being so stressed up with work already and still need to push for sales in this line, is not easy. And lastly i lack that passion and drive to keep selling and help ppl around me. Finally i came to conclusion it could be in future i might pursue this again, but not now.

This post has been edited by Davidtcf: May 15 2010, 12:39 PM

yeap u can say other insurances have their own pros.. like ING and Prudential selling more affordable plans etc...

all have their strengths. But believe me i'm saying the fact on the biggest is more secure.

If u do not believe is up to u, the decision of choosing which insurance is really entirely up to u. In the end it's your own investment and return anyway.

This post has been edited by Davidtcf: May 15 2010, 02:16 PM

1. could be investment link type.. those are different in commission, start from low to high instead. sry for typo earlier.

2. yes in the end the exams are peanut, it's the agent's experience and commitment. How serious is he in this line. I am not bragging.. i have already left the line of selling it what's there to brag about? ==

yaya, say watever u agents wanna say... im outta here..