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 INSURANCE TALK, ok let start

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~~5ive~~
post Dec 2 2006, 01:59 AM

Im n0one
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yea, if u get at young age, it is better since u wont have so much disease oso. If u take later, they wont cover insuranse for ur current disease. That make quite pointless to buy insurance that time. Btw, a lot type of insurans too....mayb we shud be spesific then....
~~5ive~~
post Dec 2 2006, 02:41 AM

Im n0one
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2,750 posts

Joined: Dec 2004
From: Malaysia


There are education insurance, investment insurans, lefe insurans, health insurans and more....mayb u can ask around to find out which suit u the most.
~~5ive~~
post Dec 2 2006, 02:46 PM

Im n0one
*******
Senior Member
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Joined: Dec 2004
From: Malaysia


QUOTE(Civil @ Dec 2 2006, 12:11 PM)
Example :

Person A bought a medical policy with Company B coverage of RM50K
He has been paying his policy for 4 years now.
On his 4th year he claimed for his medical for 25K.

On 5th year, he wanted to renew his policy, but the company rejected because of his health etc. Company has right to reject because normally medical insurance are based on 1 year contract basis. Thats mean after a year, you have to renew it. Its up to company to accept your renewal or not.

If the policy stated its a guaranteed renewal policy, then u dont have to worries. U claimed so many times also the insurance company MUST renew your policy no matter what.
Normally, financial consultant would advise you to save 5-10% from your income on insurance and investment.
*
Oo...so no worry even u suffered from a lot disease?
Btw, there is another type insurance investment. so i juz wonder how is the dividen? more than normal investment + waranty on health?

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