Hi, actually i would like to terminate my medical insurance of AIA, but i totally unable to contact my agent.
So, what can i do now? May i send email to BNM to terminate my insurance?

MNet, tks for taking ur time in reply. Appreciate it.
R u former ING agent (now under AIA)? U may b right on the above, but u seems do not get my point correctly.
Is not the protection package not good, it is not the package I want. it was a mislead info from the brginning! If the agent hv share like how u share on top from the beginning, I shall get a clearer pic n can easily confirm wil not buy the idea! (means knowing is not my choice)

Did I mention I ady hv 3 insurance policies & coverage r enuf for those & sorry but wil not consider if there r the same kind? yes! Did the agent revert the msg like wat u revert on top? No! It is a purposely mislead info to bank FD package only! Did she tell if withdraw halfway u r consider surrender? No! Did agent mentioned actually is a 20 yrs plan? No! agent stated is special 10 yrs plan n u opt to prolong to 20 yrs! (such facts given is actually cheated if so!)
"10 yrs FD plan & opt to prolong to 20 yrs" vs "20 yrs plan opt to choose a 10 yrs conversion full pay up but wil definitely affect the premium where cant get a break even" - are this 2 statements sounds same to u?)  

Was this the "strategy" ING agents been trained to use to sell this plan? Totally unprofessional! Totally lose faith to insurance agent!

Thanks Pink Spider, I admit that indeed.
Also, if choose to trust a professional personal is a wrong way, I oso have to admit am too naive to trust blindly. & hv to pay the lesson a hard way.

So if those auntie uncle w less educated or buta huruf, which the only source is to understand from the agent, to sign any plan or settle bank issue r consider trying their luck? cuba nasib whether they meet the ethical agent/ bank officer & if kena tipu consider their nasib? theregistered pro agent / bank officer is not liable for their unethical act & hold no responsibility?

means no way I can find justice in this case?
ur suggestion wil be? Either continue to accept the plan I do not want with continue losing premium for more in another 20-30 yrs ; or terminate n bear the lost of rm20k? only these 2 options? to just touch the nose n say "my fate"?

as i read a few from the thread

AIA NO!!!
ING NO!!!

ur suggestion wil be? Either continue to accept the plan I do not want with continue losing premium for more in another 20-30 yrs ; or terminate n bear the lost of rm20k? only these 2 options? to just touch my nose n say "my fate"?

Haha, ur example on the "MAY" & "MUST"is cute! but again, it reflect the similarity of the incident I faced too. Do u think the agent who translate wil admit he said "MUST"? Do u think the insurance comp wil stand with & take auntie uncle words or strictly stil insist on tgeir written policy "MAY"?
At the end, u think we can sue the agent til underwear oso lose? or we ourselves r the one with underwear lose actually? ><"

anyhow, my inner decision oso lead me to termination, just that u know... tak patah hati & fire up...

ur insurance agent so good?

can recomend to me?

i believe u no dupe

u share it out consider can help many ppl

wat insurance company?

i wan buy other insurance

can he do free review of my insruance?

for all insurance policy, normally the full plan proposal wil not be shown, the client can only rely on the talk 1st, then if overall ok, to sign on few pieces of papers (mostly medical background check, norminees confirmation, some personal information verification, payment mode - autopay by credit card or cash pay etc). Full skrip only come weeks later.
honest speaking, the full policy alwiz in medium thick book version, with all the specific insurance terms & wordings, wil anyone really read through in details & thoroughly?
sorry i didn't, u r right... is my mistake. sigh.

thanks bro (or sis? since u r pink ;p).
I understand wat u r trying to say & get the point.
initially the claim was on bank FD kind, similar flexi in withdrawal, but get higher interest return, & known to b a 10 yrs plan (claimed can withdraw after 3 yrs), thus I think ok to giv it a try.
but if ended up is a min 20yrs to break even or up to 82 yrs bounding kind, it was totally a koyak plan to me ady! (other protection may sounds ok to other ppl, but am not interested at all. Said is add on product for free then I don mind, but in fact it is not). Add to the worst, even after 10 yrs choose a conversion on full pay up, it wil stil at a lost of the premium of rm10k-20k (depends on AIA interested pay 7% - 5%).
As shared earlier, it was totally a diff plan as the agent verbally claimed.

FireUp, write in officially what you shared here to the insurance company. In the letter make sure you describe how the agent has  misrepresented to you and  clearly state what is your intention/demand. Although 15 days free look up period is over, you have the right to  get your premium refunded as this is a case of agent mis-selling.

I bought a A-Life Link + Medi Plus Investment Link Plan from my friend, from AIA.
Every month I'm paying RM500.
After servicing one and a half years I check my fund value and is terribly shock to see it's only RM6.3k despite I've been forked out RM8k so far.
And I find out from every RM500 only RM420 was invested for UT. Others are management fee, charges, GST bla bla bla. It's a bloody 16%!

I feel like bloody cheated. I bought it in hope for capital appreciation, I address this issue clearly before I sign the plan.
Now tell me how many UT out there can beat an appreciation of 16%?
Not to mention my coverage from Medi Plus is only fcuking RM10k in case of death or permanent disable.
Seriously? RM10k only?

Currently on premium holiday. Still thinking what to do next.

IMO AIA policy sucks. At least for the one I'm holding.

So disappointed I must say.

Did u even READ?

No. I don't expect to pay for free.
But deduct 16% of my fee to cover only RM10k in case of death and disable? It's overpriced!

Don't simply tembak reply if u don't even read.

I'd rather a legit AIA to provide their own insights into this.

As for you, just another typical keyboard warrior.

Managed by the Insurance to cover up for the cost of insurance and at the same time for investment. Of course, a person can always opt for term insurance but the COI will increase.

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

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