Insurance also can. Example if someone buy a life policy with accident benefit and met with an accident but not die, you can claim certain amount. You win beh sai lor. Best of all still got chance to win 1st price.
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.
Don't quote me on this... but depending on type of claim, your family should be able get the claim.
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.
Yeah right, only for the top tiers and before they are exposed.
Wrong, also for those who invest early. To sustain the ponzi scheme, they must show that they can payout.
I said agent don't earn substantially compared to the premiums paid.
50% for the first year, not substantial? Then what you want? 100 or 200%? Your grandfather insurance company ah?
Not true. In fact some company's investment linked policies have lesser commissions compared to traditional policies. Some agents really belief in investment policies.
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.
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. One person will only have one term policy and/or one life policy, yet they can have lots of investment policies though.
SO NOT TRUE. If fund managers don't perform well, they will be sacked. Depending on the type plans you bought, most of the time premiums is fixed, whether level thoughout or increase according to age. Mortality charge and mobility charge are not guaranteed. Some plans, like medical related or critical illness plans, the premium is also not guaranteed. But whether is increase or decrease, it's not due to company lost money or because of rising cost of livings. Most of the time is due to claims experience. It doesn't happen very often also. Its not easy for company to increase premiums or charges from what I heard. They have to explain to MAS till the cow come home for the increase of charges or premiums.
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. Do you know insurance companies reserve the rights to change the premiums? 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. 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.