A recent data reported by NST shows the estimation of between nine and 13 per 100,000 people compared with eight in the 1980s commit suicides. However, health experts say the figure could be higher. Of particular concern is the suicide rate in the Indian community in peninsular Malaysia. It is estimated that 30 to 35 Indians in 100,000 commit or attempt suicide as against 15 Chinese and six Malays. The main causes of suicide in Malaysia were financial problems, depression, drug and alcohol abuse, poverty, childhood abuse ...

I often got this question about life insurance from readers, prospects and clients -- Should I lapse my existing policy in order to buy a new one? My answer is always a big NO. You can buy a new life insurance policy, but surrendering your existing one is always not to your benefit. Why you shouldn't surrender your existing policy Photo by kiddharma 1. Your existing policy was bought "previously", which means you are younger at that time. The premium rate should be cheaper if you are going to get it now. 2. Cash ...

You have heard of unit trust switching, which is a way to lock your investment gain without paying double service fees. As mentioned in my previous article about the secret of unit trust investment, switching need to be done from time to time and integrated into your portfolio rebalancing strategy. But this post, we are going to discuss about insurance switching, nothing to do with investment actually. What is insurance switching? Insurance switching is an industry jargon that's actually not known to most life insurance agents. If you follow through all my ...

1. AXA Sees Asia as key AXA-AFFIN Life Insurance Bhd (the joint venture between AXA APH and AFFIN Holdings) would consider acquiring other insurance firms if its bid for Malaysian Assurance Alliance Bhd (MAA) failed. However, the part of the news that catch my attention is the personal story of AXA APH chief executive for South-East Asia, David Matthews. He recalled how his first client, a 21-year-old man was killed in a motorcycle accident not long after the man had bought insurance. The man's aged father, who lost a ...

This is an insurance joke I read from Life's Happenings. I don't know if it is the blog author, Johny Ong who created it. The husband of a pregnant wife was thinking of buying insurance for his unborn baby. So he asked Great Eastern and the agent said, "Don't worry man, we'll provide insurance right from the basket to the casket".The man was impressed but thought that he should probably seek another opinion. He then approached Prudential. The agent replied, "Oh, we have a new insurance policy which can protect ...

Market penetration of life insurance, as measured in terms of the total number of policies in force to total population, grew to 39.3% as at end-June 2007 (end-June 2006: 38.7%) [via The STAR] I personally own five insurance policies. Most of my clients has 2-4 life insurance policies. According to the method of calculation shown above, there are 4 policies in every 10 Malaysians. In my own statistic, there is an average of 3 policies per clients. If we consider that too, that means among the 4 policies in every 10 Malaysian, ...

written by KCLau @ KCLau's Money Tips This article is a review and analysis of Supreme Care Insurance - a non-participating whole life plan from Great Eastern Life Assurance (Malaysia) Bhd. This post is part of the Great Eastern Product Reviews series. Introduction Before this review, I have done a few reviews of Great Eastern products such as Great Protectlink Insurance (Investment-linked), Supreme Livin'Care Insurance (Living Assurance) and Great Income Advantage Series 2 (Whole Life plan). Supreme Care (SC) was launched way back before all those plan mentioned here. It ...

written by KCLau @ KCLau's Money Tips This articles analyze the bestselling education endowment plan by Great Eastern Life Assurance (Malaysia) Bhd. - the GREAT EDUPLANNER Introduction I had previously posted reviews on three of the bestselling insurance plan by Great Eastern: Greatlife Portfolio Insurance Supreme Livin'Care Plus Great Junior Advantage Series 2 This article is part of my Great Eastern Product Review series that research a product a day during this week. Through the review published here, I hope you will have a better understanding of the different kinds of insurance plan that caters ...

On the past Monday and Tuesday, I posted about two bestselling product from Great Eastern insurance product reviews. Today, we are going to learn another special product known as tri-generation benefit plan by other company. On tomorrow and the day after that, I will cover another two quite popular insurance plan. Here is the schedule: Monday: Greatlife Portfolio Insurance (Regular premium investment-linked plan) Tuesday: Supreme Livin'Care Plus (Whole life living assurance policy with cash bonus) Wednesday: Great Junior/Income Advantage Series 2 (Whole life income plan) Thursday: Great Eduplanner (Education Endowment Plan) Friday: Supreme Care (Whole ...

by KCLau During this week from Monday to Friday, I will post a series of Great Eastern insurance product reviews. It was schedules as below: Monday: Greatlife Portfolio Insurance (Regular premium investment-linked plan) Tuesday: Supreme Living Care Plus (Whole life living assurance policy with cash bonus) Wednesday: Great Junior/Income Advantage Series 2 (Whole life income plan) Thursday: Great Eduplanner (Education Endowment Plan) Friday: Supreme Care (Whole life non-participating plan) Before the launch of Supreme Livin' Care Plus (SLC+) back in 2005, there are several older "version" of this living assurance plan, such as Supreme Livin' Care and ...