Depends though. If you can get one who invest in fixed returns.

The advantage of such is, you can get tax breaks.

But most agents especially Malaysians are not that smart anyway. They just dunno how to see further then their own pockets and dunno how to provide their clients with actual value add.

Something like a product which can guarantee at least 1% or even 0% return but cannot be more then say -1% but at the same time provide enough cover for illness. If agent can think of such a plan and allow the person to save on income tax. Ppl will definitely buy.

They already got the leverage that this is income deductible and if insurance agent can assure that there is such a plan whereby ppl can save on taxes. Ppl will surely go for it.

But insurance agent gets confused the moment someone suggest something like this to them.

If you can find a investment that can guarantee more then my income tax rate sure.

But most Malaysians like you dunno what you are talking about.

Private matter.
But you get the point.

Actually I am totally against insurance other them for tax benefits.

If insurance agent can assure me that the money that I put into insurance is much more then if say I put that same money after tax in FD then why not?

It should not be too hard for them if they are serious because tax rate is around 22%. So if say even I suffer a 10% lost it is stil worth putting that money into insurance that can do that.

If an insurance agent can come out with a plan that ensures that i am much better off from a tax perspective he deserves to strike it rich. But like I imply. Malaysians in general is just not that sophisticated. Just like you. You see, it's people who see beyond the system that strike it rich. And there are nobodies like you.

I mean dun you feel embarrassed that someone has to explain this to you?

But you are probably too dumb to see further.

I get it.

This post has been edited by BrookLes: Apr 19 2023, 10:34 PM

You are a sorry case that he honest.
Major insecurity issues.

First you imply that you understood then you come out with this rubbish.

You are the true representation of Malaysia to be honest

Sure. As expected, from someone of your level.

I am not an insurance agent.
But pointless discussing with a brainless person like you.

When did I say that insurance agents should be believed.
I said they are lousy. Just like you.

You have major psychological and comprehension issues.

When did I ever said that Malaysian insurance agent is good

You better come off your pills soon retard

I said that if someone can come out with a strategy to make use of the income tax loophole, that person deserve to be rich.

But obviously no one did that.

Now go to tanjung rambutan. Stupid.