Comments on: Do you need Insurance Switching?

By: Ms Lee

Ms Lee — Tue, 05 Apr 2011 09:20:30 +0000

Hi,

Recently i heard about the exclusion for airline cabin crew. May i know what are the exclusions for being an airline cabin crew who is GE policy holder?

Thanks.

By: L.Jayabalan

L.Jayabalan — Tue, 13 Apr 2010 06:20:17 +0000

Dear seroja,

Unit trust return can be high but at the same time risk is high as well. Why dont u check it out premium saver from Manulife Insurance. I did sign up for RM5k policies which give RM15k face amount. the return is high as 3% first 5 yrs and 3.5% 2nd 5 yrs and 4% from 11th year to 20th years. No worries guarantee return by Manulife Insurance. email me if you got any enquiries about it.

By: seroja

seroja — Fri, 05 Feb 2010 03:25:25 +0000

actually i too invested abt 10k in unit trust , than my agents said it has drop to 7k now ask me to add in if got spare. i did add 3k , but she again put in the unit trust which is down to break even the lose, i dont know how is work , but stil loss 3k,

By: lina

lina — Wed, 06 May 2009 02:52:35 +0000

yes

By: KCLau

KCLau — Wed, 06 May 2009 02:50:07 +0000

Hi Lina,

I am not sure what do you mean by “switching insurance company”?
Is it switching plan from company A to company B without any loss?

By: lina

lina — Fri, 24 Apr 2009 10:23:36 +0000

Hi KC,

Is there any rule in Malaysia that allows switching insurance company if let say I think Im paying too much for my insurance currently?

By: Top Investment Guides and 39 Investing Rules

Top Investment Guides and 39 Investing Rules — Sun, 09 Mar 2008 23:02:17 +0000

[...] Do you need Insurance Switching? [...]

By: KCLau

KCLau — Mon, 07 Jan 2008 21:55:29 +0000

Hi Berd,
It is an investment-linked policy.

By: Berd

Berd — Mon, 07 Jan 2008 17:15:58 +0000

I invested in Hong Leong’s Investment-Linked Insurance. The fixed premium I paid each month (RM300) provide not only with life insurance cover but part of the premium will also invest in certain investment funds such as the Blue Chip fund. Is this consider as ILP? It looks to me like an investment fund rather than insurance plan. I was not told that my insurance cost will be higher as I get older, though. But I was told that if anything happens to me, I will get a fixed insurance of RM144,000.

By: Ed

Ed — Fri, 09 Nov 2007 03:58:01 +0000

Well actually this is a sad state of affair in Malaysia. Bank Negara think Malaysian public has no knowledge and put such rule into place. What about if the customer is briefed on the pro’s & con’s of switching policy & still want to go ahead? Agents are still penalized.

In the US, as long as the customer knows why he is switching & the agent can show that the product no longer suits the customer, the agent is not penalized.

We should do something like this here too.

By: hedge fund news

hedge fund news — Tue, 06 Nov 2007 05:07:25 +0000

thanks for your information. As I never heard of the term insurance switching or may be I have bought ILP in the first place. Quite frankly, I forgot all the details in the first place, e.g how’s the charges, in the young vs old ages etc. your articles remind me these things and I think it will benefit others as well!