Hi

From the look of it, you've purchased into an investment-linked policy, the first year commission is charged at 20% for distribution fee, this is written upfront in the policy and also in the proposal form before you accepted it. If the agent didn't explain this part, then blame on the agent that you bought from.

As for the product, it is across all insurance company, this model is run by all the insurance company, be it you want to jump to other insurance company, same foul cry you're going to make. It's not going to be any greener on the other side.

And if you're buying the investment-link policy for "CAPITAL Appreciation" purpose, then you're on the wrong boat son. Insurance is for protection, if you're looking for 8% - 35% return, forget  about it.

The problem here is not AIA, the problem is you buying the policy for wrong intention which was "capital appreciation".

The whole idea of Investment-Linked Policy is BUY TERM, INVEST THE REST, but managed by the insurance company.

Question - I've been telling people to pay attention to the investment linked funds as part of the selection criteria when selecting insurer. And people think I'm nuts

Last I checked, 3 years annualised returns for Msia equity inv linked funds for AIA is 8+% and Prudential  is 2+%
In the long run this is going to make a lot of difference

Now tell me, am I really wrong to think the inv linked funds returns do matter when it comes to deciding which insurer to go with? Inv linked funds are not premium guaranteed, if the funds don't perform we may need to top up premium later on to cover the insurance charges

Cost of insurance with ILP DOES increase, just that u do not see it.

E.g.
U pay RM200 every month
Your COI for Year 1 is RM50 a month
RM150 goes toward investments, RM50 used up for COI

Your COI for Year 2 is RM60 a month
RM140 goes toward investments, RM60 used up for COI

... ... ...

Your COI for Year 20 is RM150 a month
RM50 goes toward investments, RM150 used up for COI

And so on and on...

Oh, I did it myself. I'm experienced enough in funds to be able to do that
Some of my old postings
https://forum.lowyat.net/index.php?showtopi...&#entry79452016

Actually it's in the projections shown in the proposal. If you are diligent enough, you can compare across other insurers and also with term life policies. Generally they don't run too far
I'm just pissed that everytime I raise this people talk down on me like I'm some Id*ot. Of course, also pissed that I'm with the insurer that has the low returns in their inv linked funds