is investment linked medical insurance a scam?
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 Oct 24 2022, 09:26 AM
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#1
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Junior Member
424 posts Joined: Aug 2021 
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Insurance is obviously a scam .. Been paying mine since 2017 and never once i use itbur the insurer write to me that there will be a hike in premium payments because others are using it casing the pool to shrink ..
What mather faaker reason! This post has been edited by LuckyBai: Oct 24 2022, 09:27 AM |
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Oct 24 2022, 09:28 AM
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#2
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Junior Member
424 posts Joined: Aug 2021
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QUOTE(ati radeon @ Sep 13 2022, 07:45 PM) Understand what is insurance vs assurance Don't expect the agent know everything and every clauses or every situation Also ask the agent to send u the whole disclosure sheet, I know for sure some agents will snap parts of here and there to hide the part of commission payout. We knew its a commissioned sales, just don't understand why they so sked and stupid From there you can see the breakdown of charges. And why investment link? I rather pay the fixed amount from month 1 till month xx when I die or policy mature rather than the term or standalone traditional type where it increases every year. That is where the investment part covers and hedge the premium. Just go read the quotation and disclosure sheet  What is in their mind was just money and commission by convincing you to sign the policy with them |
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Oct 24 2022, 01:51 PM
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#3
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Junior Member
424 posts Joined: Aug 2021
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QUOTE(theberry @ Oct 24 2022, 11:49 AM) i hope BNM ban ILP insurance I also hope BNM ban licensed insurer hiring agents to sell insurance.. They basically don't know anything and sometime misleading too!! What these agents want are just the comms This post has been edited by LuckyBai: Oct 24 2022, 01:52 PM |
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