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 Choosing Life Insurance, Advice Please!!!

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limsk
post Mar 30 2007, 10:48 AM

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Joined: Dec 2006
From: KL, MY


Barring a few exceptions there is very little to choose between the insurance products of any of the leading insurance companies e.g. AIA, Prudential, Great Eastern due to Bank Negara regulations. More benefits, higher premiums. Cheaper premiums, less benefits. They all balance out.

Do not buy a product because of the agent. Buy a product because of the product.

Choose a reputable company.

Take care when buying products with non-guranteed benefits - especially those that span a long period. Those are projected returns.

If you want insurance, buy insurance. If you want investment, buy investment e.g. unit trusts.









 

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