Erm, if you buy 4D and TOTO, once a week, it is more likely that not you will strike at least once a year. Now can you imagine losing a hand, leg, finger or toe every year, just to tio bei sai? In this case, no one will be buying insurance, if their aim is to tio bei sai.
It's a humorous comparison only. Of course nobody in the right frame of mind want to die, get hurt or be ill.
Should is not confirm. And cannot quote u means, you also not confident. I know people handling claims, and they tell me that even in NTUC, which is supposed to be the nicest insurance company around because of their links to the government and hundreds of supermarkets, there is a claim by date, and if you overshot, each one is considered on a case to case basis. They do get rejected.
I'm pretty sure there's no time limit for death claim. So by right if the policy is inforced and no outstanding unpaid premiums during death occurred, the claim is payable. If it's medical related claims, yes there's a time limit for making claims and yes it's case to case basis. Just treat it as I am not confident about this point. But what I am confident about is NTUC is definitely not the nicest insurance company. Cannot elaborate more.
Wrong, also for those who invest early. To sustain the ponzi scheme, they must show that they can payout.
Top tiers means those who invest early lah.
50% for the first year, not substantial? Then what you want? 100 or 200%? Your grandfather insurance company ah?
Not a substantial amount compared to the all the premiums paid for the rest of the years. What I'm trying to say is that, some people thought that agents are leeching from their premiums year after years. Or some thought that agent can become millionaires just because he bought an insurance from that agent. Agent income depends repeated business and new customers.
Keyword : some, some is a very subjective word, 1% also some, 99% also some. Most investment linked policies give more commission, as compared to life or term.
First of all, 99% is "most" not "some". Even if it's more, it's like about 5%-10% more. Most agent will not risk losing a business for this amount if he think it's something not suitable for the client. And I thought you said you understood that the amount agent earn is not substantial?
I know agents who believe in all sorts of things. And I know agents who drive big cars, and I can tell you, they obviously do everything, but investment is where the real money is.
Why you care so much whether agents drive big car or small car, do insurance only or got do sideline? If you are jealous of your agent or don't like his face or he's not doing his job properly, just sack him, change agent. What's the problem? I'm not sure what you mean by "but investment is where the real money is". Are you saying agents make money from investing themselves or you mean agents make tons of money from selling investment linked policies?
One person will only have one term policy and/or one life policy, yet they can have lots of investment policies though.
If this is you, please make an appointment with me. I will help you do a policy review.
Fund Managers get sacked, you joking? How many out of work fund managers do you know? A fund manager can lose money for three years straight, but if he made a bundle in the fourth, he becomes a legend.
I don't know any fund managers at all. I don't know how long a fund manager have to under perform in order to get sack, but I was told they will be sacked.
Do you know insurance companies reserve the rights to change the premiums?
Of course I do. But only for those that are not premium guaranteed. And that's what I said in my previous post!
Do you know half the insurance companies are government linked, what till the cow come home? The cow haven't wake up they pak kat already.
This one I really don't know. I know NTUC is, GE maybe only. But pak kat is very unlikely. Though we may complain so much about garmen, but MAS really did a lot in protecting consumers with regards to insurance products.
Just look at our telcos and our public transport operators and, you will jolly well know that government institutions are very good in serving the interests of the affected GLCs above all else.
I don't what to say. What do you think?
