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Investment linked insurance is scam
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knumskul
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 Feb 21 2024, 05:17 PM
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QUOTE(il0ve51 @ Feb 21 2024, 03:41 PM) insurance is about pool of money. everyone put RM100 into the pool if got 3000 people means that month they collect RM300k. one idiot sick and go claim 50k, the pool left 250k. if suddenly all people claim then confirm no money or have borrow from other pool. Macam play in-between |
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WaCKy-Angel
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Feb 21 2024, 05:17 PM
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QUOTE(kons @ Feb 21 2024, 05:13 PM) life/tpd medical card multi stage crit care and some nonsense stuff 1 more thing. How much premium? |
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blindmutedeaf
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Feb 21 2024, 05:18 PM
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Getting Started
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QUOTE(robotking123 @ Feb 21 2024, 03:29 PM) The agent told me I may cash out 20 to 30k should the return is good, but after now they email me I have to top up my monthly payment or downgrade my plan because the premium is increased. It is a scam lah, in long run you have to keep on topping up your Monthly premium every 5 or 10 years, it is totally bullshit that you can withdraw the cash What fund you invested into? Meantime, insurance cost risen a lot these few years |
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Matchy
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Feb 21 2024, 05:20 PM
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QUOTE(limeuu @ Feb 21 2024, 05:15 PM) It's not a scam....just a bad product....yhoytb for buying As said above already, if you want insurance, then just buy insurance. And the only 2 you need are term life and surgical/hospital....and make sure you can max your tax relief. Forget even whole life ...if you die at 80 why need to give money to your children? nowadays insurance company damn clever... those term life/medical, the coverage very basic and short only. if want more coverage, need to take the ILP. This post has been edited by Matchy: Feb 21 2024, 05:21 PM |
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kons
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Feb 21 2024, 05:20 PM
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Конс
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QUOTE(WaCKy-Angel @ Feb 21 2024, 05:17 PM) 1 more thing. How much premium? 1k monthly |
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WaCKy-Angel
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Feb 21 2024, 05:23 PM
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QUOTE(kons @ Feb 21 2024, 05:20 PM) Ur agent amoi or batang? Pm me contact number if amoi |
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limeuu
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Feb 21 2024, 05:25 PM
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QUOTE(Matchy @ Feb 21 2024, 05:20 PM) nowadays insurance company damn clever... those term life/medical, the coverage very basic and short only. if want more coverage, need to take the ILP. Coverage depends on your insured sum ...tenure you decide....both you decide and the bigger and longer the higher the premium.... Calculate based on your circumstances. I figured that my family commitments will be over by the time I reach 60, so my term ends at 60....it lapse after that, I get nothing after that....but if I live beyond, I don't need the insurance payout anymore....so bye. |
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K.I.T.T
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Feb 21 2024, 06:00 PM
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QUOTE(robotking123 @ Feb 21 2024, 03:29 PM) The agent told me I may cash out 20 to 30k should the return is good, but after now they email me I have to top up my monthly payment or downgrade my plan because the premium is increased. It is a scam lah, in long run you have to keep on topping up your Monthly premium every 5 or 10 years, it is totally bullshit that you can withdraw the cash Insuran u need ask bonanza question : " If i lost one of my leg or hand can get full compensation ah ' ? |
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ZforZebra
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Feb 21 2024, 06:12 PM
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Getting Started
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Deswai fuk mutual fund. Put in SA also better
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kenny9192
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Feb 22 2024, 08:55 PM
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New Member
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hello sorry to interupt.
any allianz agent here?
just want to know that normally how long will it takes to complete the process
of policy surrender?
summited all required documents via email.
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30624770
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Feb 22 2024, 09:20 PM
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Getting Started
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Repricing is nowadays getting more common and unavoidable due to rising medical inflation. Most companies underwrite a policy based on the situation at the time the policy was written. Due to rising claims especially k favourite medical card, cost of insurance has been rising. In the past people has been misusing medical card and a lot of time hospitals don’t care especially when you request to be hospitalised. Nowadays, due to insurance companies getting more strict, hospitals are now more reluctant to hospitalise people for a long period of time. Last time you need to stay 2 days in hospital before you can make claims but nowadays doctors will even discharge you on the same day if you undergo minor surgeries. A lot of people do not know that medical card biz are not profitable and that’s why they normally sell ILM products to support the medical card and make a profit.
Also, all repricing requires BNM approval and it’s not just suka-suka do only as they have to give proper justification to BNM.
This post has been edited by 30624770: Feb 22 2024, 09:21 PM
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