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

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?

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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

Could you please stop provide wrong information to mislead others?

Don't keep over doing thing

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

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

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.

You mean terms and conditions for?

Normally I don't encourage MRTA but going for MLTA because MLTA provide 3D protection which is Death,Disability and Disease

And in most case MRTA is purchase with a banker so there is flaw in the purchase because banker won't ask about your health condition to fulfill the questionnaire in the insurance form so most of the case having difficulty when want to claim due to it's consider fraud because of lack of information given.

oh now I understand what u mean but there is a lot term and condition. Each one around size of a small booklet.

Maybe you could more specific on which part you wanna know or give example case so I could explain whether it's valid or not and why it is or it's not.

This terms and condition should be available in their details quotation of the insurance proposal.

For example a medical card, there should come with booklet that show all the terms in all three language, malay, english and chinese. for most case.

There is various of terms and conditions differ to each type of product. So if you don't specific what you want to know , I can;t explain all because it's too broad and too many to talk about

This post has been edited by WingDeSole: Sep 20 2010, 09:57 AM