Feb 21 2024, 03:49 PM
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.
Wrong.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.
Insurance is a big fat pool of money.
3000 ppl collect 300k.
Insurance company take 300k to invest.
End of year 50k myr claimed by the people.
When annual report, 300k become 400k due to investment.
400k give bonus and divident to shareholder then become 200k.
After 200k - 50k from the person who claimed.
Then next year send email to the person saying ur price has gone up. Please topup extra 25% of the premiums.
This post has been edited by Eulm585: Feb 21 2024, 03:50 PM
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