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 Insurance Talk V4!, Anything and everything about Insurance

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Avangelice
post Apr 4 2017, 12:18 PM

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I am seeing this all over my social media and I can't help to share it here. it would be advisable for insurance companies or agents not to deceive people by using calculations like this. it's comparing apples to oranges of course the PRU cash looks better. not trying to flame people's rice bowl here but come on be honest in your dealings. this is something I cannot stand for.
Avangelice
post Apr 4 2017, 12:45 PM

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QUOTE(roystevenung @ Apr 4 2017, 12:40 PM)
That is not acceptable. You may write in and email to customer.mys@prudential.com.my so that action can be taken against the agent as it is not allowed to do such unfair comparison. Same goes to EPF.
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QUOTE(lifebalance @ Apr 4 2017, 12:42 PM)
smile.gif  feel free to file a complaint to BNM & Prudential as the above is liable to penalty for not giving proper full sales illustration and attempt to deceive.
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you want me to report the whole cell in Prudential kuching? that's what is happening now as each of them are sharing it.
Avangelice
post Apr 4 2017, 12:55 PM

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QUOTE(roystevenung @ Apr 4 2017, 12:51 PM)
Yes, our digital marketing team will take appropriate action once an official notice is made. At times they even monitor social media and email directly to the agent/agency if found to be in violation with the rules of social media.

I was also cautioned a few weeks ago for using the Prudential logo in one of my FB page. cry.gif
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Perfect. thank you. I'll email Prudential.
Avangelice
post Apr 6 2017, 12:46 AM

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QUOTE(ckdenion @ Apr 6 2017, 12:43 AM)
yea man, so deceiving. people who are good in finance will be able to identify but most people won't go into the details.
nod.gif  nod.gif  nod.gif that shud be the correct calculation. Avangelice regarding on the post, did anyone comment on it?
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Yeap. almost all the person's colleagues request to share it on their on fb page and I can see it going viral amongst the Prudential agents. can't comment on it as the agent is my friend's wife. don't wanna be that guy.
Avangelice
post Apr 6 2017, 08:28 AM

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QUOTE(ckdenion @ Apr 6 2017, 12:49 AM)
i think it will be ok if they only show what they can offer. not compare and yet wrong comparison some more. it is not logical even though u glance through the amount that normal 3% FD rate can give.
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QUOTE(lifebalance @ Apr 6 2017, 12:58 AM)
Agree with the above, when you make a comparison, at least be fair with the comparison and not based on an apple and an orange.
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The comparison between savings in a bank and savings with Prudential.

With Prudential, we have this plan called Prucash Booster. As illustrated below, if you save RM3,000/year (Equal to RM250/month).

As you can see, first year no bonus. But starting from second year, you will receive RM1,200 of bonus every year for 29 years. And upon maturity at Year 30, you will receive double bonus amounting to RM2,400. Plus all your savings and returns, accumulative up to RM112k (if you choose to take out the bonus) OR RM152k (if you choose to just accumulate bonus and savings)😍😍

Interested? Just PM me

Accompanied posts that's copied word by word and going viral
Avangelice
post Apr 6 2017, 08:53 AM

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QUOTE(Holocene @ Apr 6 2017, 08:34 AM)
Have you done the report to the relevant parties?
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Yep. so far no news. I think I'll shoot one to BNM. does anyone have an email on BNM side?


QUOTE(lifebalance @ Apr 6 2017, 08:37 AM)
No problem with the above statement but as mentioned earlier they are trying to hide the real fact of the bank compounded interest..

If an agent can fail the math to calculate the interest earned for the client. How is he suppose to explain it to a client on a particular figure in the sales illustration compared with a given comparison?

The above is acceptable if they include the real compounded interest earned by the bank as well vs their product.
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well the image itself already speaks a thousand words as they are indirectly saying Prucash is better than banks. an auntie or uncle sees it as it is
Avangelice
post Apr 7 2017, 10:39 PM

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QUOTE(anson lee @ Apr 7 2017, 09:15 PM)
Dear forumers,

Wanna a case regarding myself .
My dad bought smth like an endowment policy for me 10-20 years back . Recently he told me it's matured but forgot the insurance company and misplaced the policy .
My question is there any possible or ways to check out which company it was ? We move to few new homes so I think my dad didn't update the address details .

Do hope few experienced master would give some advises and ideas ..thanks
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you can start hiring wealth seekers who actually hunt for any investment you have made over your life time and they will even assist you in acquiring these funds.

of course they get a cut out of it. I think there's a thread on this before

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