Any idea why can't we make complaints bout irresponsible insurance agent? When they sell you the policy, they will be seen everywhere and anywhere. But when you terminate it, they are no where to be seen, not to mention not helping you to get those money you're supposed to get back!

I'm very pissed off, although this incident does not happen to me, but it happened to my fiance. He cancelled the investment scheme policy from XXX, the agent say they will proceed with reimbursement of the remaining money he's eligible to get back. After EIGHT MONTHS.. he still havent receive the cheque. Today, he called XXX main office, the person there told him that the cheque has been sent out to the Muar branch few months back, and is consider expired now (6 months duration of cheque). So, in order to claim back, he will have to write a letter to XXX main branch to ask them to reissue. GOSH.. WHERE IS THE ****ING AGENT? 

Planning to buy insurans for my ownself, anyone can recommend? most of your guys prefer which company?

first thing to look for in an insurance policy:

1. know wht you want! i.e Medical coverage, death or permanent disability reinbursement, women's cancer coverage, critical illnesses coverage or savings plan!

simpler terms to put it is, LIFE insurance is like a

1)LCD TV, its one thing that covers you IF u die or Permanent disability, thats all.. ure TV is only a TV

2)next up, u add ASTRO- which is your medical card (to settle your hospital bills)! but of course this you only need ONE GOOD reliable one.

optional packages i.e RIDERS are like (things u MIGHT or want or can choose to live without)

i) DVD player- 36 Critical illnesses to pay another lump sump of  $$ IF diagnosed with any of the covered 36 critical illneses.

ii) surround sound speakers -
-daily hospitalization reinbursement (pocket money) in case ure hospitalize so u get a certain amount paid daily since u cant work.
-personal accident, ETC

so with those listed above, u get a "decent" almost complete home entertainment set that's enuf to "entertain" you (BASIC COVERAGE)
which i think 96% of everyone got.

word of advice, dont need to bother about the investment linked typed life insurance, as you will not surrender your LIFE policy even if it pays u 1million dollars when ure 70yrs old. reason is:

1)thts when your more prone to diseases, sickness, accidents
2)u wont be able to buy another policy even if u pay TONS!

Treat insurance policy like a HOUSE, when u move into the new house, get the necessities FIRST, no one is forcing u to get EVERYTHING @ one shot, (if u got the cash then by all means go ahead). today u can get the entertainment set (Life, medical), next year u get the karaoke room ( savings plans, womens cancer coverage)..

there's a thousand plans out there but do u need it all? INSURANCE's greatest assest is that its CUSTOMIZABLE to your very NEED, so buy wht u can afford/need, and increase coverage/protection/types as u grow.

hope my long n drastic post was easy in an easy enuf terms for everyone! any clarifications, or questions about life, investment funds, women's coverage or any banking needs, PM me, i'll try my best to answer and help ask around if you are ever uncertain bout anything!

have a great week ppl!

---

Added on December 6, 2010, 3:31 pmanother thing is, Ladies, the basic "Entertainment" (basic life, medical,36 illneses) set is not sufficient for you!

as it does not cover early stages detection of breast cancer,ovarian cancer (still in carcinoma state), pregnancy difficulties just to name the important!

and 97% of fmale's i know, dont know tht! check your policies ladies!

cheers

Anyway, those medical terminology that not easily can understand by any educated Malaysian. I have read through my policy and found those Critical illness have their exclusion and terminology which I don't understand and require to search 1 by 1 from internet.

And majority of the part time or maybe full time agent won't fully understand the plan they are selling. High probability that they don't even read the content of the policy before.

i have a dilemma, i took XX  life insurance  pay for RM200 per month ( starting 2007)  this cover only if i'm dead  ... and if i live  up till 2027 , i'll most likely get around 40K++ . If i got illness , the insurance only cover me RM50.00 ( ), now i am confuse :-

1. should i stop this insurance (75%  only  can be claim)
  , took another insurance  which cover medical  ....
    am going 30 next year
2. still pursue this insurance and get another medical insurannce that can
  cover me for medical purposes .. RM50 per night??? sound ridiculous

* i took life insurance policy , only after 4 years can terminate the contract and get 75%  back

hey does anyone have a policy from manulife? i currently have a policy from prudential but for the same amount of money manulife gives me a higher annual medical limit. Is there some sort of catch ?

You cannot compare apple to apple with the older Prudential policies because Prudentials old medical limits are low. The newer ones are being upgraded to cater for current needs.

Also pls check out Manulife's outpatient cancer and kidney dialysis treatment which is limited (to what i know). So there is always a give and take situation, depending what is important to you.

But as coolpajames had said, just pm him and let him do a comparison for you.

I have seen Manulife's medical card, as i just have to say, the pros and cons:

Pros:
High annual limit and NO ICU days limit
Coverage till age 100 (which is a selling point)

Cons:
Not so high lifetime limit as compared to Pru, GE and Allianz
Out patient treatment for 50k per lifetime (both kidney and cancer treatment) is super low, considering that now 1 chemotherapy jab is in the region of RM15k. The limit will just burst off in a year or lesser.

So it all boils down to what the consumer needs and the budget.

I gathered these information when my client actually compared a Manulife proposal with Allianz which made him bought Allianz. So there is no one medical policy out there is the best, only the in-forced policy is the best.