Heard uncles arguing cause 1 of the uncle's son works as an insurance agent.

why would you think of insurance is a scam? i mean insurance is for the poor isn't it? (lol please don’t say its easy to cheat the poor etc.)

don't talk about gov hospital.

This post has been edited by HongKi: Jun 5 2018, 11:40 PM

What kind of insurance? So many types.

the one that helps you pay for your hospital bill.

It is always a scam until they see the cheque.

Wife will say no to insurance, but a widow will ask how much was he insured?

agent has spoken.

Macam investment.

a great one, when needed.

Cut your finger with knife, if you can't claim then it is scam.

as long as its not investment linked.
okay la kot.

LOL

bot also got humor now

recently upgraded patch?

when shit happens dey will find 10001 reasons not to pay u

I thought its suppose to be accident

I remember i saw an article from the star saying its better to buy with investment in it.
Couldn’t find it now, think it was last year or last few year

if he think is a scam ma scam lor, dont buy dont care.
He got health issue then his own problem.

yes
until you get sick and it's a
no.

depend .... is insurance Plus Saving or insurance + investment = for me yes.
Me only buy Medical card, so is ok

If its only one person then its okay, but there’s quite a lot actually thinks that insurance is a scam.

Even though its the agent fault

Investment linked plan is still good as long as the purpose of buying is not for investment / wealth accumulation.

In the early days in Taiwan, if people are dead from car accident, they are told to wait for 2 days for alcohol check up. 99% of the time, insurance will win the case.

Later when forensics science take a deep look.
Our organ will produce an alcohol like chemical.

Yet, insurance will knock your door to say, hey.
Your $$$.

True. Insurance with investment plan is just to lighten your fees after NN of years you are paying for it.
It doesn't really comes back alot. for example maybe 3-5% depending on what type of investment linked.
Always take investment link as the discounts your are paying for your insurance in NN of years

if you want real investment and return then play unit trust or shares or property.

Wait till you claim, then will come out with doesnt meet tnc.

but problem is INSURANCE agent don't sell INSURANCE only, they always add Saving, investment and bla bla bla on top of INSURANCE ....

sponsored article la tu. I rather put my money at trust fund companies instead for investment.

Itu salah agent? No?

Good for you


Knock on your door to give money or take money?

lol, me kena tiow by the insurance agent saying me bodoh only take medical card and not including other, like i give a shit.

remember buy medical card only, most agent won't entertain even u buy thru them .... now i have no agent serve me

the quite alot that you talking about either has lack of knowledge or appetite to pay something for their own safety.
I have met people keep cash in their home, like lots of it. say bank will eat your money.

Alot of unscrupulous agent so claim to be big professional from these insurance company are very evil.
what they want is to earn your money and sell you plans that you don't need. Even at a deficit rate of return.

if you want real insurance advice, go for financial adviser company. There are many third party company who only pick the good products from insurance company like GE/AIA etc..

I will NEVER buy directly from an insurance agent who work under the Insurance company itself.

hopefully with malaysia baru can buy insurance without agents (but with discount)

Noted


Ye ke, ayam cannot find already.

Thanks brother, perhaps in few more years 😂

Guess they can go gov hospital queue for hours

Reason is simple, talk insurance all run away, talk savings some will listen but insurance policies are not savings plans. No choice lar, kasi goreng.

Many donkey years ago, this kawan baik approach me sell insurance savings plan, talk talk talk, then ask her calculate IRR, she don't know what is IRR, KNS, I calculate the IRR, miserably 3.2%, inflation cannot cover, her answer was why bother with inflation!! got savings cukup lar! Absolute ass hole of an agent. Kawan baik wouldn't put food on my table when i retire.

basically insurance is just front gimmick, other product is what they care ... 107% profit from ur first year payment (which split to 6 year) ...

friend of mine a top agent i prudential showing off his tissot n ipx recently. .
i wonder what's the ratio of successful claims made to; money that actuall goes to the companies

This post has been edited by cikalakacikaci: Jun 6 2018, 01:09 AM

selagi tak kena pada batang hidung sendiri, dia tak peduli

i remember got 1 insurance appear big big in news inb4 i was 2"
can't payback dono AIA or prudential, i remember it is red colour 1

my case

my appendix burst last sunday 8pm as im screaming in agony. Go clinic, get letter to go hospital. Instead of going to gov i went to KPJ Hospital. Went to emergency section, showed my insurance card. The hospital and Insurance (AIA) settle sendiri while i just goyang kaki screaming in emergency bed. Within 1 hour everything settle, room ready, got myself a single room ( very gooding ). Room itself cost 185 pernight. Operate at 9am settle at 12pm Monday


I am writing this post while recovering on my comfortable single bed hospital room.

Proof of my admission, Check attachment,
this is the tag from my IV bag
check the tag 4/6/2018
Payer : AIA
other detail censored for obvious reason


I think the whole thing would cost me RM7 to 10K. Obviously i wont be paying that much cuz im insured


Bare in mind that im reasonably healthy 25 years old, Appendix burst out of FUCKING NOWHERE!!,
Night before i was healthy af, chilling with homies and stuff, next day burst

This post has been edited by ZuloPhobia: Jun 6 2018, 01:38 AM


Attached thumbnail(s)

Traditional medical card at most cover 150k medical fees per year with a certain lifetime limit

Investment-linked medical card can cover up to 2.6 Million medical fees per year with no lifetime limit

Judge yourself

what ???
my one medical cover is cover 5m and annual is 600k, not sure what u talking abt .....

This post has been edited by SonnyCooL: Jun 6 2018, 02:27 AM

Great advertisement there bud. Did you post this on every Malaysian forum you can find? Don't forget facebook, twitter and instagram too.

soooo with investment or not?

which one better?

i already have company insurance.. should i take one more?

well you have booster (AIA offers this) with additional fees.



but to think about it, if you start claiming 300K per year, i think you already as good as dead.

My friend kena sue by insurance company because they said he misused the policy. They said he purposely fall sick to stay in the hospital and enjoyed the hospitality.

You are paying too much for an insurance because you will be paying for their profit and employees salary as well as overheads.

It is a scam when you don't need it. On the other hand, it is a saviour when you need it.

after all that happen, you bet your ass i do.

obviously i will be more willing to continue to pay for my insurance because i manage the reap the benefits infront of my own two eyes

one thing to note here is that nobody forcing you to take some super expensive premium 500-1k permonth.

getting the "cheapest" option available should be "good enough".

partly insured is better than non.

im pretty sure some of us pays more for car insurance than life insurance. why believe more on one side and not the others?

Read the policy. Most of the people lazy to do that one. When kena then blame here and there. Some insurance product got hidden term or limitation on how much you can use.

P/S: Im not an agent ar....

This post has been edited by clarifier04: Jun 6 2018, 05:32 AM

I claimed around RM 45k including daily fee in less than 2 yrs since i got my medical card...total contribution at that time is less that RM 3k.. so yeah..save me a lot.

Cerita kau ni macam familiar. Ni Zu****man ke?

hahaha yezza my boi

Gooding

Zuldirman??

No, it is not a scam.

Insurance works like it should. You pay a premium just in case you have an accident. Same for cars/house/etc.

Even MNCs or large companies have employee insurance, building Insurance, equipment insurance etc.

All insurance products are vetted by bank Negara. There is no special one, only a cheaper or better packaged one. Some add in more coverage, some give you more benefit, some last you longer in life, etc.

Weakest link of any insurance companies is the agents themselves. Because insurance products can be adjusted to adapt to different people, it depends on agents to tailor it for you depending on your income yearly, your needs, your disposable income, your age, health etc.

Those unscrupulous agents who only want to seek max profit will sell you the moon for a dollar in order to get you to sign up. False verbal promises, bad explanation, bad representation etc. They don't care about you the customer, they only care about their bottom line.


Which is why it is always good to have an honest friend as an agent. They are fair and treat you right. All agents need to make money, but it is important for them to be honest what they are selling and what is promised must be delivered.

For them it is a numbers game. The more they signed up, the more of them keep paying premium, the more commission they get over next 6-7 years. Good agents that get popular will get more referrals. Just beware of the bad apples. Luckily nowadays got internet can really compare products and premiums.



This post has been edited by Skidd Chung: Jun 6 2018, 07:11 AM

Depends on what insurance. For medical, car, asset, risk and marine insurance is definitely not a scam. For those special insurance like savings, etc is definitely a scam. Your returns are way less than market.

gg financial illiterate so high in Malaysia.. Life insurance is a means for you to hedge uncertainty in getting critical illness, hospitalisation and other illness in case you couldnt afford it because it cost a lot.. It also provides lump sum payment in case your kaki or tangan patah or when you die... Everyone should include insurance in your financial planning.

Insurance is good to have but not to invest or put big part of ur money in it

Not a scam, but you need to assess your own risks. To the company, you're just a statistic. So, if people with your demographics are a health risk, then expect to have high premiums even if you are an outlier who takes care of his/her health.

That's why companies in many countries are now rewarding people who take care of their health with lower premiums.

Yes it's a scam. Don't buy pls. Not even one.

So little?

Investment linked no lifetime limit ,

Time to upgrade yourself

For future proofing mah. 300k is like nothing nowadays for surgery. Rmb the 21 yo that died because lack of funding? Hos bills were more than Rm1M.

Furthermore medical inflation is at least 15% every year

Practice self insurance la, aka sendiri save for future contingencies... Want to rely on 3rd parties to pay for you when you need it? Good luck and hope you don't wait too long for it.

Recommended to have pure protection plan instead of mix..

The article from the star probably helping to promote 'savings plan'

and whats make you think that the kid can still survive even he could afford those 1million bills? not making much sense if going for alot of treatment just for a little bit of hope.

also, insurance companies nowadays already pissed off with hospital exorbitant charges, if they still keeping the price, maybe in a decade alot of insurance companies may gulung tukar or merging with other companies.

For me Medical insurance is legit.
Even for a short stay in hospital will incur a few thousand ringgit bill.
Some more have the post checkup bill.
If you are healthy and never claim it before you will think its not needed but when you do really claim it... you will be thankful u had insurance.

Of course insurance is a scam

Last week my client warded to Columbia Puchong for 3 days
Total bill RM6500
She only need to pay RM6 only

Scam! Why she pay rm6 only instead of RM6500?!!

She should not needed to pay anything! Confirm kena scam if need to come out money!

abang... RM6 duit kopi bagi lah.... kan dah mau raya ni?

no, appropriate insurance offers protection.

but those INVESTMENT or SAVING relevant insurance is kinda lol.

not a scam but shady business. If you claim a big surgery, they will pay but they gonna terminate your account.

If you are rich like Bill gates or Robert Kuok, etc have millions of cash in the bank then you don't need insurance

If you also don't give fork and willing and ready to go when you get terminal illness you also don't need insurance

I know many old people who never bought insurance in their life.. Now in 60s to 80s and still relatively healthy

So to these ppl insurance is a scam

Hmmmmmm is it possible to don't get insurance and only get treated at gov hospitals? Afterall our Healthcare is one of the best and is cheap unlike in the US.

insurance itself is not a scam. most of the time it is agents' over-promising/misleading selling that makes people think that insurance is a scam.

they calculated statistics that average people wont have much health problem. Plus you need to do your health check before they offer you insurance.

is gambling a scam when we know house has higher chance to win? some ppl dont bother buying insurance

if ur father buy accident insurance and die due to accident and ur mum.get insurance money, u still think scam?

No, its not a scam. In fact it is the only product in the world that you are happy you wont get back anything back. Imagine..if you pay the premium and you dont get to claim that means you are not dead/sick, so why you should feel bad? And if you do die/get sick at least you know you have something to fall back on.

But one thing to note though..insurance is meant for protection not savings, so buy term insurance not investment link and buy medical too. If you want to save you can invest directly in many mutual funds available in the market.

And claims do not get reject often. You have to read and understand all the exclusion, you dont get to claim for everything especially if you already have pre-existing condition.

I bet those that say its a scam dun even have medical card.
But those that have it, and have claimed from it, will surely no say its a scam.
I've claim many times from my company provided medical card... Easily more than 10k claim.

Too bad now I'm older, having diabetes and high BP and over weight and no more working in that company, having a hard time to get an affordable medical card.

my kid is 4yrs old.took insurance for him since 1st week he was born. until today insurance has paid almost 15k for his hospital bills. not a scam to me. just find a reliable agent.

If you not afford then don't. But you must try to allocate for insurance. You do not know the time you need it.

Got ppl said if u save money without having medical insurance, ur saving actually belongs to the doctor.

So in order to avoid that, I rather take a slight deduction on my saving to pay for the insurance so that my balance saving does actually belong to me for use and not for the doctor.

I believe insurance is for protection. Not really into the investment linked part of insurance.

Its just ponzi-like scheme money collection to pay off others medical/ surgeries/ hospitalization bills.

When u kena some sickness disease and claim thousands and thousands through insurance agents, dun see these ppl appreciate and thanks them?

When u kena some sickness disease and claim thousands and thousands through insurance agents, dun see these ppl appreciate and thanks them?

Wait until you fell sick and admitted in the hospital.

I have the experience before, pay a lot for the bill even in the government hospital.

For overseas travel, you are highly recommend to opt for a travel insurance.

Yes, I have been doing that. I asked cause someone said their medical cards also cover them when they travel......

Some but not as much coverage as travel insurance. Usually I opt for travel insurance on annual basis because it's save me a lot of money.