HLA agencies lagi dashyat... i just met another AFTER the fellow GUARANTEED it is written on policy..
jumpa that time, he brough his senior & his senior said not guaranteed... really waste of time, coz no matter how U calc. it will not even hit 4%pa (pro-rated buying of units from now $0.90 till guaranteed buy back NAV if $.xx in 20 years' time), even with 0% commissions.


i wish i can invoice them my time.. grr

And the pro AIA replied me here saying

"Money is up to you to invest. Don’t have to punch at it if it’s not your cup of tea"

It makes me feels like "you tak suka, you keluar, don't disturb AIA to cheat those who believe its guaranteed"

there are pros and there are PROS (real ones, guiding +providing CLARITY OF CHOICE, not spinning till everything blur).
see the responses/advices from several folks here & U'll see the pattern

that's why i even cut my cheaper online insurance to buy from one of them - trust & knowledge learned = value to me. it'll be a cold day in hell before i buy from HLA agencies.. so far 3 agencies out of 3 failed so far (we're talking about more than 3 agents coming to "share" ya - can't even count compounded returns / savings.. sigh..)

For me, saving plan for any insurance company only serve one purpose which is secure a lump sum of saving IF death/accident/critical illnesses, it is NOT purely for investment

That's why when some Pro agent telling me that we will get 20% return per annually, its really fire me up

Imagine how many "victim" out there actually waiting for that 6th year to come and expect the return to be surface

Ended up viral on the internet saying "xxx company is cheating their customer" but the truth is that the agent is the killer

i totally get U - i was one of the suckers when 20 yr old Even 10 years later pun cannot get the donkey premium to "auto-pay itself". Funnily - AIA also bwhaha.. not saying AIA bad, saying SEVERE mis-selling. Really wanna take hammer & go after the fingers/toes of the agent..

some CONsultants selling HOPE ^(GREED * FEAR) to "unwashed masses" ma
selling the "buy term = burn $" bwhahah
instead of selling "risk management" vs cost

anyhoot, with Internet & information flowing freely + good insurance advisors, these types will not last long since no value add

This post has been edited by wongmunkeong: Oct 18 2018, 05:18 PM

in terms of the stability for those insurance company local or foreign, should i be worried, because company like allianze or axa, will they stay here forever?

Excuse me ? you're the one being sarcastic in here, I don't think you're even genuine in your question, go do some self reflection instead by looking at how you even ask the question in the first place.

Consider it even nice enough for me to put it nicely to you.

Hi all, would like to hear some thoughts especially agents from Allianz as I feel my agent is not being 100% transparent.

History: From the day I purchased my first policy I've relied solely on my agent to perform the calculation and propose my policies. Until recently I did an exercise to "know/track my investments".

After my "know my investment" study, I made a summary and did a refresher + review with my agent as well to confirm the accuracy of my understanding.

Short summary of policies:
Policy 1: Cover date Nov 2012 - Life/TPD/CI 100k, PA 300k, Payor
Policy 2: Cover date Dec 2013 - Life/TPD 80k, Prime Care 200k, Diabetes Recovery 40k, Cancer Recovery 70k
Policy 3: Cover date Dec 2016 - Life/TPD 210k, CI 200k, Medisafe Infinite R&B 300

1. Found out that Policy 1 still has active medical card MediCover R&B 250. Asked agent and was told system error and should be cancelled when my Medisafe Infinite is activated, and will update after checking with Allianz. Was later told there will be no refund for the long overlap and he will do a cancellation + submit appeal for refund. Understand there's a waiting period of 120 days for new medical cards to take effect before old card is cancelled. By procedure, does the system do auto cancellation or a human (agent or Allianz?) need to perform the cancellation after 120 days?

2. Riders and Life/TPD/CI coverage being spread over 3 policies. Could it have been done in a single policy all along if sum assured was the same? I see that all 3 are Powerlink (PLK06, PLK06, PLK08) products.

Thanks for your time

er.. "Stay here forever" as opposed to?
a. Chup lup / bankrupt & tutup kedai?
Your guess is as good as mine - even AIG US nearly kaput until it was "rescued" (aig too big to fail - google it).

b. Selling its biz in MY and getting out of Dodge/town?
Happened before - our insurances (contracts in reality) are taken over by another insurer, just like rental agreements being "novated" to the new owner. The last, if i'm not mistaken was AIA taking over ING https://www.ing.com/Newsroom/All-news/Press...ysia-to-AIA.htm

c. er.. dunno what other scenario U may be thinking of

1) Unless the upgrade is an offer by Allianz, all changes in policy matters need to be submitted manually. If it is really system error, ie: the agent can prove the back office received the Request for Change form but failed to update the changes to the system, he then can definitely form a case and fight for the refund.

2) Well, unless your agent has a very good reason to split the riders into 3 different PowerLink, usually riders will be added onto the first PowerLink.

Best,
Jiansheng

Those with experiences with AXA Affin and Prudential, which one is less of a hassle to deal with? Currently deciding between those two to take my ILP. Monthly the same around RM200 with AXA offering a bit higher annual limit at RM1.6mil, Pru RM1mil. Room for AXA is RM150 while Pru RM100. Overall AXA Affin looks better. Just concerned about their level of service.

I also found a standalone medic card from AIA. Annual limit at RM1.1mil, no lifetime limit. Room at RM150 with outpatient cancer and dialysis at RM750000 per lifetime. Monthly payment at RM91 only. That is also tempting

This post has been edited by spikey2506: Oct 19 2018, 01:07 AM

Since you already decided on either Prudential or AXA, it comes down to the agent you're potentially going to work with as he is the one dealing with the Company. If he's good at his job, you're set. That's all to it 🤓

Best,
Jiansheng

now you sound like the new government playing roti canai , okay thank you, you are welcome

You do know that you can just upgrade it from the single policy and that it is cheaper overall than buying separate policies ?

All I can see is agent up selling into a few policies for case count.

so my worry is not unfounded, hmm, i happen to be interested in allianz, don't know how long this company will survive in m'sia?

Hey gedebe,

Your worries are not unfounded, after all you are putting your hard earned money and trust towards a company. Trusting them to be there for you when you need it the most.

Allianz has been in Malaysia since 2001 which means we're been here for over 17 years. Still here since the last GFC. You can rest assured that if you choose Allianz Malaysia you will be in good hands. Not only did Allianz Malaysia delivered top life growth in 2017, outpacing the markets of both general and life insurance we also have a nationwide presence to ensure our clients can get in touch in person when needed to. That's 37 branches nation wide.

I have a couple of finance analyst, corporate finance executives and fund managers as clients. Wherever I catch up with them, I'd inquire their feedback on how Allianz Malaysia is doing as a company, whether it be about their top management or their accounting numbers. They always sing praises about Allianz Malaysia.

Now you can say I'm biased as I am an Allianz agent so I have attached 1 of the latest news in regards to their financial performance for your further review.

https://www.thestar.com.my/business/busines...ises-to-rm90mil

Allianz, we're with you from A - Z

Best,
Jiansheng

judging from my history, Prudential has the longest time in M'sia from 1924 but mayb GE is longer, the longest history can be a sign of strength

This post has been edited by gedebe: Oct 20 2018, 12:30 AM

hi macai, get your political talk out of here, thanks

Hi there. Just quick question. This is the plan from AXA Affin. I am concerned with the outpatient benefits there. Is that low? I noticed some other plans put it "As Charged"