interesting.. how can an agent be aweful? what's d criteria? other than take money and run, what are the bad qualities of an agent?? curious

"Takaful is compulsory if you're Muslim"

This is not true. You are free to choose between conventional or takaful. It all comes down to personal and religious preference. I would suggest you to choose the product which meets your needs the closest whilst weighing up pros and cos of sharia and non-shariah compliance.

hi sifus. one quick question here. Is AIA WHOLE LIFE PLUS conventional or takaful?

There is nothing to compare about between a Conventional and a Takaful policy for a Muslim.

It's straight forward,

1. Conventional insurance involves the elements of excessive uncertainty (gharar) in the contract of insurance;
2. Gambling (maysir) as the consequences of the presence of excessive uncertainty that rely on future outcomes
3. Interest (riba) in the investment activities of the conventional insurance companies;
4. Conventional insurance companies are motivated by the desire for profit for the shareholders;
5. Conventional system of insurance can be subject to exploitation. For example, it is possible to charge high premium (especially in monopolistic situations) with the full benefit of such over-pricing going to the company.

All which above Conventional will not be able to provide.

What you just said is really ignorant about the difference between a Takaful and a Conventional policy.


Never heard of such policy name, if you've bought it, you can check on the policy book which it will normally write whether it's a Takaful or non-Takaful policy.

we make the differentiation easier by putting "-i" behind the product name to differentiate whether it's takaful or conventional product.

This post has been edited by lifebalance: May 22 2017, 07:46 PM

What plan from AIA are you after exactly? AIA usually have both versions - Takaful and Conventional.

For Life protection:

Conventional version - https://www.aia.com.my/en/our-products/life...-signature.html

Takaful Version - https://www.aia.com.my/en/our-products/life...ignature-i.html

Generally the differentiation between the product names is that the Takaful versions have ....."-i"

Thanks!

All of what you said above is correct.

But you also said its COMPULSORY for a muslim to buy takaful which is not the case buddy.

At the end of the day the choice lies with the customer.

Yes, I did say it is compulsory as I know many agent out there sold conventional policy to Muslims because they don't have a Takaful license, which is by right it's wrong because it's against their religion.

Doing so not only doesn't benefit them but it will also not fulfill their needs.

I will not give in to any discounts on any idea about Muslim buying conventional policy. PERIOD

Doing some market research:

How many of you here are agents?

Which company do you represent?

Do you also have a Takaful license?

How long are you in the industry for?

Full time or Part Time?

Thanks

Fellow insurance sifus, may I kindly ask is there a need to have 2 separate medical policies from diff companies?

I have a medical card from ge covering 2.4mil lifetime claim, and another prud medical card covering 2.5mil lifetime claim..

I am only 29 this year, healthy no sickness... thought of dropping 1 due to commitments... what all sifus think?

Wow

Why are you keeping 2 Medical Card?

You can only claim from 1 medical card at one time, you are overlapping your coverage already and it's just pure wasting money

Drop one of it.

Thanks for your advise bro... appreciate it..

My friend is prud agent and i bought from him. He told me say if kena cancer or what, meds bill will be sky high, so if 1 card not sufficient i can use the 2nd one

Ya and chances for your bill to hit 5 mil bill is probably in the next 20 years.

Money is yours, if you think you would like to keep both of it just continue to pay for it.

I plan to surrender 1 just want to get 2nd opinion first.. and you just help clarified.. thx so much bro!

hi, maybe you can choose to upgrade your GE medical card to lifetime unlimited so you no need to hold two cards and less worries on insufficient medical limit. You may check with your agent on it

wait.. somebody please clarify!!!!!..although i do agree that you kinda have overcovered yourself, and dropping one is a good idea but is it true you can only use one at a time? i dont think so..... lets say you got a cancer, and u used up the annual limit for one medical card, i think you can use the next card to cover after the first one reached its limit.. plus, if you get cancer or 36 c.I, you can claim from both.... wouldnt ANOTHER best option is to restructure your coverage in how u like em to be??? someone please take notice and reply

real life story from one of my clients. he said that after his previous agent closed his deal, after that very difficult to find agent. even wanna ask him something regarding his policy, he ask my friend to check the policy book himself. he told my client everything is in the book sendiri baca.

unless one card got exclusion and one doesn't have, then thats a different story. in your case, you can only claim one side. whatever extra exceeding the limit u have to bear urself. unless what u get from GE is Smart Extender Max. Meaning lets say your PRU medical card claim exceeded the limit, then the exceeding amount can claim from GE on reimbursement basis.

else, just buy the best from one insurance company is very good enough.

yes aril u r right. if exceed limit for different case yes can claim 2nd card.

one case one card. hope im not wrong. wait for others to double confirm.

Yup, that's I suggested to upgrade Great Eastern Medical Card with min annual limit RM990,000 with lifetime Unlimited, as he holds existing GE medical card now. As someone said, no point to holding two cards if a person is currently healthy. Unless have some conditions to hold two. Select the right one and upgrade it.

raptar_eric you can either upgrade the
Great Eastern one to 2.2mil annual limit with no lifetime limit
Prudential one to no annual limit and no lifetime limit with 2mil PVM