tag:blogger.com,1999:blog-86940365797791669602024-03-15T02:49:14.675+08:00MY LIFE AS AN INSURANCE AGENTThis blog is to tell people about my life and career as an insurance agent. Besides that, I will share my feeling, knowledge and experience in insurance so that consumers will have a basic knowledge of insurance that is essential when buying a suitable and useful insurance plan and hopefully they will no longer be prejudiced against insurance agents.AIA BERHADhttp://www.blogger.com/profile/00980193375012802852noreply@blogger.comBlogger72125tag:blogger.com,1999:blog-8694036579779166960.post-33731276502845699192009-07-13T20:49:00.010+08:002009-07-18T12:44:32.820+08:00LOSING ALL IN GET-RICH SCHEMES.<div align="justify">PETALING JAYA: The lure of making a fast buck or easy money has opened up opportunities for various organisations to come up with ingenious ways to attract the public to invest.<br /></div><p align="justify">Such schemes, known locally as “skim cepat kaya”, have made Malaysians lose millions of ringgit.<br /><br />According to the police’s Federal Commercial Crime Investigation Department, there were 17,311 cases opened for investigation last year, a massive jump of 26.6% from 2007.<br /><br />The department said that one bright spot in all these cases was that actual financial losses were down to RM845mil last year, compared with RM1.9bil in 2007.<br /><br />Most of these schemes thrived in “grey areas” which can only be loosely regulated despite the best efforts of the authorities to clamp down on culprits.<br /><br />Many of them operate under the guise of multi-level marketing operations which blur into pyramid schemes, which are illegal.<br /><br />A market observer pointed out that these establishments would promise returns that even top fund managers found hard to attain in good economic times.<br /><br />Many of them operate like Ponzi schemes which made no or little actual investments from money collected from the public.<br /><br />Often in such schemes, the earlier investors would usually get some returns, compared with those who join later.<br /><br />Surprisingly, many of those who are employed as agents with these businesses do not think such schemes are illegal.<br /><br />“How can it be a scam when I can make money?” an agent attached to an established restaurant chain said.<br /><br />The restaurant has half a dozen outlets in the Klang Valley and offers the public membership for a fee which entitles them to make money from eating at the outlets and through referrals.<br /><br />What makes it interesting is that several of these establishments found taking deposits or cash from the public have been operating for a number of years without ever being questioned by the authorities if their operations are legal.<br /><br />In the past one-and-a-half years, there has been a significant rise in such operations.<br /><br />Their aggressive and “successful” marketing approach has even become somewhat of a trend, and has been adopted by many other restaurants to boost sales.<br /><br />If one were to google the term “scams in Malaysia”, one would find a slew of businesses which concerned citizens have exposed as a “bit dodgy”.<br /><br />However, the people who run such operations appear nonchalant about the amount of media and Internet attention on their businesses.<br /><br />They are able to navigate their way around existing laws and capitalise on their marketing strategies before the law catches up with them.<br /><br />Starprobe decided to investigate a number of these business operations to find out their modus operandi following a number of helpful suggestions from concerned readers and members of the public, especially cases which relate to non-financial institutions.<br /><br />The response from an official of the Registrar of Companies (ROC) was that it had no jurisdiction to control the activities of such companies.<br /><br />“If the company is registered with an identifiable business, how they market their products or services is not within our purview,” the official said.<br /><br />But with regards to companies illegally taking deposits without having an investment licence, Bank Negara has the right to investigate and prosecute them. In fact, from last year until now, 19 companies have been under investigation and raided.<br /><br />While the authorities are trying their best to enforce the laws, the sheer number of these operations make it an uphill task.<br /><br />The situation is compounded by having different agencies with different jurisdictions conducting investigations independently, thus not giving a clearer picture.<br /><br />For example, Consumer Claims Tribunal chairman Rungit Singh said his tribunal has jurisdiction only over consumer complaints and concerns. The tribunal is under the purview of the Domestic Trade and Consumer Affairs Ministry.<br /><br />“Once a person invests in a scheme, that person is not protected under the consumer laws,” Rungit Singh said.<br /><br />According to him, consumer laws only cover complaints regarding goods and services and do not have jurisdiction over investors.<br /><br />And on multi-level marketing, an official from the Consumers Association of Penang said such companies were perfectly legal as long as they were licensed by the Domestic Trade and Consumer Affairs Ministry.<br /><br />“However, some multi-level marketing operations get into grey areas when the bulk of their sales are not derived from products or services but rather from other forms of collections,” she said over the phone.<br /><br />She added that a sign of a possible scam was when most of the earnings of the company is derived from activities unrelated to the sale of goods or services.<br /><br />According to a commercial crime lawyer who did not wish to be named, the law regarding legal and illegal activities was clear.<br /><br />“However, access to critical information may be time-consuming and the prosecution of those who deliberately go against the law will require substantial evidence,” he said.<br /><br />The lawyer said there was a need for easier and quicker access to information on registered businesses, possibly delivered via a centralised system and an oversight board with experts for the public to turn to for complaints, advice and information on confirmed scams.<br /><br />“There is a need for a quicker mechanism to identify and respond to scams before more people lose their money,” he said, adding that many of the scams had invested little in their marketing strategies and did not have a business continuity plan.<br /><br />The lawyer said it should be noted that there were also a number of people who were either gullible or prepared to take higher investment risks driven purely by greed, despite the best of advice.<br /><br />A source who tracked such scams said it was near impossible to keep tabs efficiently on them.<br /><br />“That’s the biggest problem, there are thousands of such scams involving hundreds of millions of ringgit out there that the relevant agencies are not able to track all of them. They’re only able to pursue the ones that have been brought to their attention,” she said.<br /><br />She added that the answer was not more regulation but more awareness of such scams.<br /><br />“Awareness is better now than before, we have more inquiries coming in on various businesses,” she said.</p><div align="justify"></div><div align="right">(Source: July 13, 2009, <a id="title_link_12329114" href="http://thestar.com.my/news/story.asp?file=/2009/7/13/starprobe/4157531&sec=starprobe">The Star Online</a>)</div>AIA BERHADhttp://www.blogger.com/profile/00980193375012802852noreply@blogger.com9tag:blogger.com,1999:blog-8694036579779166960.post-13060848144165456842009-05-31T14:41:00.013+08:002009-05-31T14:58:47.184+08:00IS IT TRUE THAT WE DON'T NEED RM 1 MILLION TO RETIRE WELL?<div align="justify">According to an economic specialist, Datuk Prof Ismail Mohd Saleh and an Universiti Sains Malaysia social science lecturer, Associate Prof Dr Kamaruzaman Askandar, <strong><span style="color:#ff0000;">we don't need RM 1 million to retire well</span></strong>. <strong><span style="color:#3333ff;">RM 120,000</span></strong> will be <strong><span style="color:#3333ff;">enough</span></strong> if we want to <strong><span style="color:#3333ff;">retire well</span></strong>. Please click <a id="title_link_12329114" href="http://thestar.com.my/news/story.asp?file=/2009/4/24/nation/3757577&sec=nation">The Star Online</a> for details about this issue.</div><div align="justify"></div><br /><div align="justify">Is it really true that we just need RM 120,000 to retire well? If it is true, then why do so many experts keep saying that EPF is not enough for us to retire? If it is not true, then what happens to the quality of professors in Malaysia?</div><div align="justify"></div><br /><div align="justify">If you have any constructive opinions about this issue, please post a comment here. Your sharing here is very much appreciated in advance.</div>AIA BERHADhttp://www.blogger.com/profile/00980193375012802852noreply@blogger.com5tag:blogger.com,1999:blog-8694036579779166960.post-7430172591755909392009-05-31T14:32:00.005+08:002009-05-31T14:39:29.388+08:00AIA MALAYSIA: FINANCIAL STATEMENTS & INVESTMENT LINKED FUNDS ANNUAL REPORT 2008.<div align="justify">For details, please click <a id="title_link_12329114" href="http://www.aia.com.my/downloads/pressrelease/Financial_Statements_2008.pdf">Financial Statements</a> and <a id="title_link_12329114" href="http://www.aia.com.my/downloads/pressrelease/AIA_Investment_Linked_Funds_Annual_Report_2008.pdf">Investment Linked Funds Annual Report</a>.</div>AIA BERHADhttp://www.blogger.com/profile/00980193375012802852noreply@blogger.com2tag:blogger.com,1999:blog-8694036579779166960.post-83854251262154535492009-05-26T22:56:00.002+08:002009-05-26T23:02:01.866+08:00GENERAL INSURERS SUFFER LOSSES FROM MOTOR SEGMENT AGAIN.<div align="justify">For details, please click <a id="title_link_12329114" href="http://www.btimes.com.my/Current_News/BTIMES/articles/piam23f/Article/">Business Times</a>.</div>AIA BERHADhttp://www.blogger.com/profile/00980193375012802852noreply@blogger.com0tag:blogger.com,1999:blog-8694036579779166960.post-48044694828539706272009-04-09T23:26:00.021+08:002009-04-11T18:33:25.183+08:00EMONEY TIPS E-BOOK (APRIL 2009 EDITION): A GROUP WRITING PROJECT BY PERSONAL FINANCE BLOGOSPHERE.<div align="right"><a href="http://4.bp.blogspot.com/_djsJdgnf_x0/Sd4VmJe_70I/AAAAAAAAAEk/nzR-ySM86-g/s1600-h/eMoneyTips+(April+2009).jpg"><img id="BLOGGER_PHOTO_ID_5322715554723655490" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 300px; CURSOR: hand; HEIGHT: 308px; TEXT-ALIGN: center" alt="" src="http://4.bp.blogspot.com/_djsJdgnf_x0/Sd4VmJe_70I/AAAAAAAAAEk/nzR-ySM86-g/s400/eMoneyTips+(April+2009).jpg" border="0" /></a> Source: <strong><span style="color:#ff6600;">kclau.com</span></strong></div><br /><div align="justify">I am glad to announce that the <span style="color:#3333ff;"><strong>first edition</strong></span> of <span style="color:#3333ff;"><strong>eMoney Tips e-book</strong></span> is finally published and ready for download for <span style="color:#3333ff;"><strong>free</strong></span>. Congratulations to all the contributors especially <strong><span style="color:#ff6600;">KCLau (Founder and Organizer)</span></strong>, <strong><span style="color:#ff6600;">Ken Neoh (Cover Designer)</span></strong> and <strong><span style="color:#ff6600;">Yow Chuan (Editor)</span></strong>.</div><br /><div align="justify"></div><div align="justify"><strong><span style="color:#3333ff;">eMoney Tips</span></strong> is an e-book that <strong><span style="color:#3333ff;">shares the ideas and tips of personal finance</span></strong> such as <strong><span style="color:#3333ff;">wealth creation</span></strong>, <span style="color:#3333ff;"><strong>insurance</strong></span>, <strong><span style="color:#3333ff;">investment </span></strong>and so on.</div><br /><div align="justify"></div><div align="justify">As I have mentioned before, the e-book can be <strong><span style="color:#3333ff;">downloaded for free by anyone</span></strong> provided that <strong><span style="color:#ff0000;">readers don't</span><span style="color:#ff0000;"> sell it for money</span></strong>. Readers who have downloaded it can <span style="color:#3333ff;"><strong>help us to distribute it in whatever ways to anyone </strong></span>provided that <span style="color:#ff0000;"><strong>all the</strong></span><span style="color:#ff0000;"> <strong>contents of the e-book remain unchanged</strong></span>.<br /></div><br /><div align="justify">Please click <a id="title_link_12329114" href="http://documents.scribd.com/docs/2f197s97s42j7kt2rjfi.pdf">here</a> to download the e-book. After reading it, please give me <strong><span style="color:#3333ff;">constructive comments to help us to improve</span></strong>.</div><br /><div align="justify"></div><div align="justify">For those who are interested in contributing to the group writing project in the future, please click <a id="title_link_12329114" href="http://kclau.com/book-reviews/emoneytips200904/comment-page-1/#comment-133611">eMoney Tips</a> for details.</div>AIA BERHADhttp://www.blogger.com/profile/00980193375012802852noreply@blogger.com2tag:blogger.com,1999:blog-8694036579779166960.post-62621091515600311742009-04-06T23:25:00.002+08:002009-04-06T23:27:47.312+08:00INSURANCE FIRMS SEE RISE IN CLAIMS.<div align="justify">For details, please click <a id="title_link_12329114" href="http://www.btimes.com.my/Current_News/BTIMES/articles/claimy/Article/index_html">Business Times</a>.</div>AIA BERHADhttp://www.blogger.com/profile/00980193375012802852noreply@blogger.com0tag:blogger.com,1999:blog-8694036579779166960.post-36130010804365511462009-04-01T01:05:00.004+08:002009-04-01T01:31:56.137+08:00CIMB WEALTH FORMS ALLIANCE WITH AIA BERHAD.<div align="justify">For details, please click <a id="title_link_12329114" href="http://biz.thestar.com.my/news/story.asp?file=/2009/3/31/business/3591419&sec=business">The Star Online</a> and <a id="title_link_12329114" href="http://www.btimes.com.my/Current_News/BTIMES/articles/aiya/Article/index_html">Business Times</a>.</div>AIA BERHADhttp://www.blogger.com/profile/00980193375012802852noreply@blogger.com0tag:blogger.com,1999:blog-8694036579779166960.post-43147955230060833572009-03-22T00:02:00.005+08:002009-03-23T19:46:27.776+08:00AIA ACHIEVES SOLID OPERATING RESULTS DESPITE CHALLENGING ENVIRONMENT.For details, please click <a id="title_link_12329114" href="http://www.aia.com.my/downloads/pressrelease/090304%20_eng.pdf">English</a>, <a id="title_link_12329114" href="http://www.aia.com.my/downloads/pressrelease/090304_bm.pdf">Bahasa Malaysia</a> or <a id="title_link_12329114" href="http://www.aia.com.my/downloads/pressrelease/090304%20_chi_.pdf">华文</a>.AIA BERHADhttp://www.blogger.com/profile/00980193375012802852noreply@blogger.com2tag:blogger.com,1999:blog-8694036579779166960.post-39546736265189118122009-03-20T19:20:00.003+08:002009-03-24T13:47:09.019+08:00PLEASE BE CAREFUL EVEN YOU ARE HOME.<p align="center"><embed src="http://www.youtube.com/v/wbpj1XOhuGI&color1=" width="425" height="344" type="application/x-shockwave-flash" color2="0xcfcfcf&feature=" fs="1" allowfullscreen="true"></embed></p><p align="justify">We will know the <strong><span style="color:#ff0000;">importance of insurance in our life </span></strong>after we have watched the video clip above. For details, please click <a id="title_link_12329114" href="http://forum.lowyat.net/topic/971222">here</a>.</p>AIA BERHADhttp://www.blogger.com/profile/00980193375012802852noreply@blogger.com0tag:blogger.com,1999:blog-8694036579779166960.post-31600325963886950112009-03-19T18:58:00.001+08:002009-03-25T19:01:23.025+08:00YOU ARE STILL INSURED EVEN YOU DON'T BUY ANY INSURANCE PLAN.<div align="justify">Does the sentence above sound weird?<br /><br />When a person doesn't buy insurance like <strong><span style="color:#3333ff;">medical card</span></strong> and <span style="color:#3333ff;"><strong>personal accident</strong></span>, he is still insured. Why? It is because <strong><span style="color:#3333ff;">he is the insurance company</span></strong>. <strong><span style="color:#ff0000;">He pays his medical bills himself</span></strong>.</div>AIA BERHADhttp://www.blogger.com/profile/00980193375012802852noreply@blogger.com0tag:blogger.com,1999:blog-8694036579779166960.post-68306593978763035132009-03-18T20:04:00.015+08:002009-03-25T19:10:50.924+08:00WHY SHOULD EVERY CONSUMER BUY MEDICAL CARD?<div align="justify">We can be <strong><span style="color:#3333ff;">hospitalized</span></strong> due to a <span style="color:#3333ff;"><strong>critical illness</strong></span> and an <strong><span style="color:#3333ff;">accident</span></strong>. <strong><span style="color:#ff0000;">An accident can happen any time to anyone</span></strong>. As we all know, a <strong><span style="color:#3333ff;">private hospital</span></strong> is a very <strong><span style="color:#3333ff;">realistic organization</span></strong>. If we <strong><span style="color:#ff6600;">don't have enough cash</span></strong>, the doctors there <strong><span style="color:#ff6600;">will not save our life</span></strong>.</div><p align="justify">We can go to a <strong><span style="color:#ff6600;">government hospital</span></strong>. The medical bill there is very <strong><span style="color:#ff6600;">economical</span></strong>. However, we <strong><span style="color:#ff6600;">need to wait for a long time before we get a treatment</span></strong>. When we are <strong><span style="color:#ff6600;">injured seriously</span></strong>, do we have the <strong><span style="color:#ff6600;">time</span></strong> and <span style="color:#ff6600;"><strong>patience</strong></span> to wait? If the answer is no, every consumer should have at least one medical card.</p><p align="justify">Of course, a medical card <strong><span style="color:#3333ff;">doesn't guarantee</span></strong> us an <strong><span style="color:#3333ff;">admission</span></strong> to <strong><span style="color:#3333ff;">all hospitals without a deposit </span></strong>in Malaysia like what I have explained previously in my post titled <a href="http://lokeaiaberhad.blogspot.com/2009/03/will-hospital-accept-our-medical-card.html">WILL A HOSPITAL ACCEPT OUR MEDICAL CARD AS A GUARANTEE OF ADMISSION TO THE HOSPITAL WITHOUT A DEPOSIT?</a> (March 17, 2009). But, it <strong><span style="color:#3333ff;">at least</span></strong> helps us to <strong><span style="color:#3333ff;">admit to all of the <span style="color:#ff6600;">panel hospitals</span> of an insurance company without a deposit</span></strong>.</p>AIA BERHADhttp://www.blogger.com/profile/00980193375012802852noreply@blogger.com0tag:blogger.com,1999:blog-8694036579779166960.post-53404789503253889342009-03-17T20:09:00.010+08:002009-03-25T18:09:31.038+08:00WILL A HOSPITAL ACCEPT OUR MEDICAL CARD AS A GUARANTEE OF ADMISSION TO THE HOSPITAL WITHOUT A DEPOSIT?<div align="justify">A medical card is <strong><span style="color:#ff0000;">not</span></strong> a credit card and therefore <strong><span style="color:#3333ff;">will not be accepted </span></strong>by some of the hospitals in Malaysia. The medical card is to <strong><span style="color:#3333ff;">help </span></strong><strong><span style="color:#3333ff;">panel hospitals </span></strong>to <strong><span style="color:#3333ff;">recognize </span></strong>us as <strong><span style="color:#3333ff;">policyholders</span></strong> of an insurance company.</div><br /><div align="justify">Sometimes we have to pay a deposit and our medical bills ourselves <strong><span style="color:#ff6600;">first</span></strong> even we are admitted to a panel hospital. Why? To know the reasons, please read my post titled <a href="http://lokeaiaberhad.blogspot.com/2009/03/what-are-reasons-policyholder-cant-make.html">WHAT ARE THE REASONS A POLICYHOLDER CAN'T MAKE A CLAIM FROM AN INSURANCE COMPANY?</a> (March 25, 2009).</div>AIA BERHADhttp://www.blogger.com/profile/00980193375012802852noreply@blogger.com0tag:blogger.com,1999:blog-8694036579779166960.post-48166536171804868822009-03-16T18:02:00.010+08:002009-03-25T17:39:10.737+08:00IS A MEDICAL CARD THE ONLY CARD WE NEED?<div align="justify">We can be admitted to a hospital due to a <strong><span style="color:#3333ff;">serious road accident</span></strong> besides a <strong><span style="color:#3333ff;">critical illness</span></strong>.</div><br /><div align="justify">In the insurance market, there is <strong><span style="color:#ff0000;">no </span></strong>one medical card that <strong><span style="color:#ff0000;">guarantees policyholders an admission to <span style="color:#ff6600;">all hospitals</span> in Malaysia without a deposit</span></strong>. Hospital A is a panel hospital for insurance company X but it may not be a panel hospital for another insurance company Y. In other words, <strong><span style="color:#3333ff;">there is no one insurance company which has all the hospitals in Malaysia as its panel hospitals</span></strong>.</div><br /><div align="justify">So, what are the possible solutions to encounter this situation?</div><br /><div align="justify">We can <strong><span style="color:#3333ff;">buy more than one medical card from different insurance companies</span></strong> like <span class="blsp-spelling-error" id="SPELLING_ERROR_0"><span class="blsp-spelling-error" id="SPELLING_ERROR_0">AIA</span></span> <span class="blsp-spelling-error" id="SPELLING_ERROR_1"><span class="blsp-spelling-error" id="SPELLING_ERROR_1">Berhad</span></span>, <span class="blsp-spelling-error" id="SPELLING_ERROR_2"><span class="blsp-spelling-error" id="SPELLING_ERROR_2">ING</span></span> Insurance <span class="blsp-spelling-error" id="SPELLING_ERROR_3"><span class="blsp-spelling-error" id="SPELLING_ERROR_3">Berhad</span></span>, Prudential Assurance Malaysia <span class="blsp-spelling-error" id="SPELLING_ERROR_4"><span class="blsp-spelling-error" id="SPELLING_ERROR_4">Berhad</span></span> and so on. <strong><span style="color:#ff6600;">All insurance companies have their own list of panel hospitals</span></strong>.</div><br /><div align="justify">Besides that, we should <strong><span style="color:#3333ff;">bring alone several credit cards with a high card limit</span></strong>. Why? If all of our medical cards are not accepted by a hospital, we can still use our credit cards to settle our medical bills. After discharging from the hospital, we can <strong><span style="color:#3333ff;">claim</span></strong> our money from the insurance companies.</div><br /><div align="justify">If we don't have medical card and credit card, what we can do is bring along a lot of <strong><span style="color:#3333ff;">cash</span></strong>. I personally think that this way is <strong><span style="color:#ff0000;">not</span></strong> a good solution as it is <strong><span style="color:#3333ff;">no longer safe </span></strong>in certain places in Malaysia if the world economy doesn't recover fast.</div>AIA BERHADhttp://www.blogger.com/profile/00980193375012802852noreply@blogger.com0tag:blogger.com,1999:blog-8694036579779166960.post-28822194137634119232009-03-15T15:02:00.015+08:002009-03-25T17:25:15.226+08:00WHY IS IT NOT RATIONAL TO TERMINATE OUR INSURANCE PLANS WHEN THE ECONOMY DOESN'T PERFORM WELL?<div align="justify">When the economy is <span style="color:#3333ff;"><strong>bad</strong></span>, <strong><span style="color:#3333ff;">unemployment rate increases</span></strong>. Many people are <strong><span style="color:#3333ff;">jobless</span></strong>. They have no income but they still need to eat. If they still can't find a new job, some of them will be forced to commit crimes like <strong><span style="color:#3333ff;">robbery</span></strong>, <span style="color:#3333ff;"><strong>snatch</strong></span> and others. As a result, <strong><span style="color:#3333ff;">crime rate will increase</span></strong>. When crime rate increases, <strong><span style="color:#3333ff;">our safety will be threatened</span></strong>. We <strong><span style="color:#3333ff;">may become the next victims</span></strong> of robbery and snatch.</div><br /><div align="justify">Of course, having an insurance plan doesn't reduce crime rate in Malaysia. But, it at least helps us to <strong><span style="color:#3333ff;">cover our medical bills</span></strong> when <strong><span style="color:#3333ff;">we are injured</span></strong> due to an <strong><span style="color:#3333ff;">accident</span></strong>, <strong><span style="color:#3333ff;">robbery</span></strong> and <strong><span style="color:#3333ff;">snatch</span></strong>.</div><div align="justify"></div><br /><div align="justify">In sum, <strong><span style="color:#ff0000;">it is not wise to terminate our insurance plans when the economy performs badly</span></strong>. If we really can't afford it, we can try to <strong><span style="color:#ff6600;">reduce our annual premium by reducing our coverage</span></strong>.</div>AIA BERHADhttp://www.blogger.com/profile/00980193375012802852noreply@blogger.com2tag:blogger.com,1999:blog-8694036579779166960.post-81867618183035571662009-03-14T14:00:00.015+08:002009-03-16T01:35:35.137+08:00HEALTHCARE ISSUES IN MALAYSIA.<div align="justify">The following <strong><span style="color:#ff6600;">articles</span></strong> are about the <strong><span style="color:#ff0000;">healthcare cost </span></strong>and <strong><span style="color:#ff0000;">problems</span></strong> that <strong><span style="color:#ff0000;">significantly affect everyone of us in Malaysia</span></strong>:</div><ul><li><div align="justify"><a id="title_link_12329114" href="http://biz.thestar.com.my/news/story.asp?file=/2009/3/14/business/3456038&sec=business">Rising pressure of healthcare cost</a></div></li><li><div align="justify"><a id="title_link_12329114" href="http://biz.thestar.com.my/news/story.asp?file=/2009/3/14/business/3456415&sec=business">Getting a lifeline with definitive health policy</a></div></li><li><div align="justify"><a id="title_link_12329114" href="http://biz.thestar.com.my/news/story.asp?file=/2009/3/14/business/3456032&sec=business">Generic drugs vs branded ones</a></div></li><li><div align="justify"><a id="title_link_12329114" href="http://biz.thestar.com.my/news/story.asp?file=/2009/3/14/business/3417539&sec=business">Room for more hospitals</a></div></li><li><div align="justify"><a id="title_link_12329114" href="http://biz.thestar.com.my/news/story.asp?file=/2009/3/14/business/3470464&sec=business">Providing patients quality service</a></div></li><li><div align="justify"><a id="title_link_12329114" href="http://biz.thestar.com.my/news/story.asp?file=/2009/3/14/business/3456082&sec=business">Private hospitals move towards specialised disciplines to meet demand</a></div></li><li><div align="justify"><a id="title_link_12329114" href="http://biz.thestar.com.my/news/story.asp?file=/2009/3/14/business/3446257&sec=business">Medical insurance still affordable in Malaysia</a></div></li><li><div align="justify"><a id="title_link_12329114" href="http://biz.thestar.com.my/news/story.asp?file=/2009/3/14/business/3456295&sec=business">Work together to ea$e the pain</a></div></li></ul><p align="right">Source: The Star Online, Business, March 14, 2009</p>AIA BERHADhttp://www.blogger.com/profile/00980193375012802852noreply@blogger.com2tag:blogger.com,1999:blog-8694036579779166960.post-44107217495851661242009-03-10T22:08:00.003+08:002009-03-16T01:35:52.814+08:00THE STRATEGIC PARTNERS OF AIA BERHAD.<div align="justify">There is another good news for AIA Berhad. <a id="title_link_12329114" href="http://www.btimes.com.my/Current_News/BTIMES/articles/20090303001725/Article/index_html">RHB</a> and <a id="title_link_12329114" href="http://www.cimb-wealthadvisors.com/list_article.aspx?catID=3&ddlID=532">CIMB Wealth Advisors</a> are now the <strong><span style="color:#ff6600;">strategic partners</span></strong> of AIA Berhad. <a id="title_link_12329114" href="http://www.theedgemalaysia.com/business-news/1259-amresearch-positive-on-rhb-bank-aia-tie-up.html">AmResearch</a> views RHB Bank's bancassurance tie-up with AIA Berhad <strong><span style="color:#ff6600;">positively</span></strong> although there are no details on it as yet.</div><div align="justify"></div><br /><div align="justify">The good news will <strong><span style="color:#ff0000;">disprove</span></strong> all the <strong><span style="color:#ff0000;">rumours</span></strong> saying that AIA Berhad is going to bankrupt.</div>AIA BERHADhttp://www.blogger.com/profile/00980193375012802852noreply@blogger.com2tag:blogger.com,1999:blog-8694036579779166960.post-75542324808778586242009-03-08T20:14:00.002+08:002009-03-11T14:39:04.637+08:00WHICH HOSPITAL SHOULD WE GO IF WE HAVE MEDICAL CARD?<div align="justify">If we <strong><span style="color:#3333ff;">don't</span></strong> want to pay our medical bills ourselves and the situation is <strong><span style="color:#3333ff;">not urgent</span></strong>, we <span style="color:#ff6600;"><strong>should</strong></span> go to the <strong><span style="color:#ff0000;">nearest panel hospital</span></strong>. If the situation is <strong><span style="color:#3333ff;">very urgent</span></strong>, we <strong><span style="color:#ff6600;">must</span></strong> go to the <strong><span style="color:#ff0000;">nearest hospital</span></strong> and claim our medical bills from insurance companies later.</div>AIA BERHADhttp://www.blogger.com/profile/00980193375012802852noreply@blogger.com0tag:blogger.com,1999:blog-8694036579779166960.post-90325827561420426822009-03-07T00:32:00.000+08:002009-03-11T01:06:22.677+08:00A FACT SHEET ISSUED BY AIA BERHAD.<div align="justify"><span class="blsp-spelling-error" id="SPELLING_ERROR_0">AIA</span> <span class="blsp-spelling-error" id="SPELLING_ERROR_1">Berhad</span>, as a <strong><span style="color:#3333ff;">locally incorporated company</span></strong> under the <span style="color:#3333ff;"><strong>Insurance Act 1996</strong></span>, has issued a <strong><span style="color:#3333ff;">fact sheet</span></strong> which covers its <strong><span style="color:#3333ff;">financial position</span></strong> for the <strong><span style="color:#3333ff;">financial year ended 30 November 2008</span></strong>.</div><div align="justify"></div><br /><div align="justify">For the financial year ended 30 November 2008:</div><ul><li><div align="justify">Total assets as at 30 November 2008 was <strong><span style="color:#ff0000;"><span style="color:#ff6600;">in excess of</span> </span><span style="color:#ff0000;">RM 17 billion</span></strong> of which <strong><span style="color:#ff0000;"><span style="color:#ff6600;">more than</span> </span><span style="color:#ff0000;">97 %</span></strong> of the <strong><span style="color:#ff6600;">invested assets</span></strong> are in <strong><span style="color:#ff6600;">Malaysia</span></strong>.</div></li><li><div align="justify"><strong><span style="color:#ff6600;">Profit before tax</span></strong> was <strong><span style="color:#ff0000;">RM 428 million</span></strong>.</div></li><li><div align="justify"><strong><span style="color:#ff6600;">Surplus above the solvency margin requirement</span></strong> as at 30 November 2008 was <strong><span style="color:#ff0000;">RM 2.3 billion</span></strong>.</div></li><li><div align="justify"><strong><span style="color:#ff6600;">Capital Adequacy Ratio</span></strong> as at 30 November 2008 under the <strong><span style="color:#ff0000;"><span style="color:#ff6600;">Risk-Based Capital Framework</span> </span></strong>was <strong><span style="color:#ff0000;">266 %</span></strong>, <strong><span style="color:#ff6600;">well above the regulatory minimum of </span><span style="color:#ff0000;">130 %</span></strong>.</div></li></ul><p align="right"><strong>March 3, 2009</strong></p>AIA BERHADhttp://www.blogger.com/profile/00980193375012802852noreply@blogger.com2tag:blogger.com,1999:blog-8694036579779166960.post-76542316587915614452009-03-05T14:59:00.005+08:002009-03-06T03:26:42.989+08:00AIA HAS ASSETS OF MORE THAN $ 60 BILLION.<div align="justify"><a id="title_link_12329114" href="http://www.reuters.com/article/marketsNews/idINHKG8759820090305?rpc=44">Here</a> is an article from <span style="color:#ff6600;"><strong>Reuters </strong></span>about the financial status of <strong><span style="color:#3333ff;">AIA group</span></strong>.</div>AIA BERHADhttp://www.blogger.com/profile/00980193375012802852noreply@blogger.com0tag:blogger.com,1999:blog-8694036579779166960.post-26843828407325080352009-03-05T01:59:00.009+08:002009-03-05T02:10:41.998+08:00TWO MESSAGES FROM CEO OF AIG GENERAL INSURANCE (MALAYSIA) BERHAD.<div align="justify">To know the recent news of <strong><span style="color:#ff6600;">AIG General Insurance (Malaysia) Berhad</span></strong>, please click <a id="title_link_12329114" href="http://www.aiggeneral.com.my/AHAWebsite/NewsLetter/Letter%20from%20CEO%20(260209).pdf">here</a> and <a id="title_link_12329114" href="http://www.aiggeneral.com.my/AHAWebsite/NewsLetter/Letter%20from%20CEO%20(030309).pdf">here</a>.</div>AIA BERHADhttp://www.blogger.com/profile/00980193375012802852noreply@blogger.com0tag:blogger.com,1999:blog-8694036579779166960.post-83139892205702316892009-03-03T20:23:00.016+08:002009-03-04T22:41:35.537+08:00GOOD NEWS FROM CEO OF AIA BERHAD.<div align="justify"><strong><span style="color:#ff6600;">Mr Khor Hock Seng</span></strong>, the <span style="color:#3333ff;"><strong>CEO</strong></span> of <span style="color:#3333ff;"><strong>AIA Berhad</strong></span>, has updated us with good news about the <strong><span style="color:#3333ff;">AIA group</span></strong> and its <span style="color:#3333ff;"><strong>future path</strong></span>. To me, it is really a good news for all people including <strong><span style="color:#3333ff;">AIA insurance agents</span></strong>, <span style="color:#3333ff;"><strong>AIA policyholders</strong></span> and even <strong><span style="color:#3333ff;">stock market investors</span></strong> in <span style="color:#3333ff;"><strong>Malaysia</strong></span>. For details, please click <a id="title_link_12329114" href="http://www.aia.com.my/downloads/newsdetail03032009_lettercust.pdf">here</a> and <a id="title_link_12329114" href="http://ir.aigcorporate.com/phoenix.zhtml?c=76115&p=irol-newsArticle&ID=1261315&highlight=">here</a>.</div>AIA BERHADhttp://www.blogger.com/profile/00980193375012802852noreply@blogger.com0tag:blogger.com,1999:blog-8694036579779166960.post-61831631018675779762009-02-28T02:49:00.029+08:002009-03-04T15:15:32.877+08:00TIPS FOR THE BEST MEDICAL EXAM RESULTS.<p align="justify">Okay, we are applying for <strong><span style="color:#3333ff;">medical card</span></strong> and we have been told that the insurance company requires a medical exam (<strong><span style="color:#3333ff;">usually </span><span style="color:#3333ff;">paid by the insurance company</span></strong>). The exam typically consists of <strong><span style="color:#3333ff;">blood</span></strong> and <strong><span style="color:#3333ff;">urine samples</span></strong>, <strong><span style="color:#3333ff;">blood pressure readings</span></strong>, <strong><span style="color:#3333ff;">height</span></strong> and <strong><span style="color:#3333ff;">weight measurement</span></strong> and a <strong><span style="color:#3333ff;">medical questionnaire</span></strong>. Information from the medical exam will be used by the insurance company to help determine our <strong><span style="color:#3333ff;">health class</span></strong>. The health class the insurance company assigns us will determine our <strong><span style="color:#3333ff;">premium rates</span></strong>. So, it is very <strong><span style="color:#3333ff;">important</span></strong> that we <strong><span style="color:#3333ff;">get the best medical results</span></strong>.</p><p align="justify">The following <span style="color:#3333ff;"><strong>tips</strong></span> are to help us attain the <strong><span style="color:#3333ff;">most favorable</span></strong> and <strong><span style="color:#3333ff;">accurate exam results</span></strong>:</p><ul><li><div align="justify">If we can, it's best to <strong><span style="color:#ff6600;">fast for a period of at least eight hours </span></strong>prior to the exam. This step will result in <strong><span style="color:#ff6600;">more accurate blood test results</span></strong>. <strong><span style="color:#ff6600;">Early morning appointments</span></strong> may be appropriate.</div></li><li><div align="justify">If we must eat prior to the exam, <strong><span style="color:#3333ff;">no heavy meals</span></strong> and <strong><span style="color:#3333ff;">little</span></strong> or <strong><span style="color:#3333ff;">no caffeine on the morning</span></strong> of the exam. <strong><span style="color:#3333ff;">Decaffeinated coffee</span></strong> and a <strong><span style="color:#3333ff;">light breakfast</span></strong> would be best.</div></li><li><div align="justify"><strong><span style="color:#ff6600;">Stay off salt for 3-4 days</span></strong> prior to exam. This step may have a <strong><span style="color:#ff6600;">beneficial effect</span><span style="color:#ff6600;"> </span></strong>on our <strong><span style="color:#ff6600;">blood pressure</span></strong>.</div></li><li><div align="justify"><strong><span style="color:#3333ff;">No alcohol for 24 hours</span></strong> prior to the exam as alcohol tends to <strong><span style="color:#3333ff;">elevate blood pressure for 12 -24 hours</span></strong>.</div></li><li><div align="justify">Get a <strong><span style="color:#ff6600;">good night's rest</span></strong> before the examination.</div></li><li><div align="justify">If we smoke, <strong><span style="color:#3333ff;">don't smoke within 30 minutes</span></strong> of the exam. Smoking tends to <strong><span style="color:#3333ff;">constrict artery walls</span></strong> and <strong><span style="color:#3333ff;">elevate blood pressure</span></strong>.</div></li><li><div align="justify">If we have an <strong><span style="color:#ff6600;">acute illness</span></strong> (i.e. the '<strong><span style="color:#ff6600;">flu</span></strong>'), we should consider <strong><span style="color:#ff6600;">rescheduling the exam</span></strong> as <strong><span style="color:#ff6600;">some acute illnesses affect the urine</span></strong> and <strong><span style="color:#ff6600;">blood tests</span></strong>.</div></li><li><div align="justify">(For <strong><span style="color:#3333ff;">female </span><span style="color:#3333ff;">only</span></strong>) We should <strong><span style="color:#3333ff;">tell the examiner</span></strong> if we have our <strong><span style="color:#3333ff;">menses</span></strong> as our <strong><span style="color:#3333ff;">urine </span></strong>will be affected and a notation can be put on the lab slip.</div></li></ul><p align="right">Source: Modified from <a href="http://discussion.lifeinsure.com/">http://discussion.lifeinsure.com/</a></p>AIA BERHADhttp://www.blogger.com/profile/00980193375012802852noreply@blogger.com0tag:blogger.com,1999:blog-8694036579779166960.post-50338135977642409372009-02-27T23:25:00.003+08:002009-03-03T02:49:37.922+08:00WHAT IS THE MAIN DIFFERENCE BETWEEN MEDICAL CARD AND 36 CRITICAL ILLNESSES?<div align="justify">Medical card is a plan that <strong><span style="color:#3333ff;">covers</span></strong> the <strong><span style="color:#3333ff;">cost</span></strong> of our <span style="color:#3333ff;"><strong>medical treatment </strong></span>in a <strong><span style="color:#3333ff;">hospital</span></strong>. If a policyholder stays in a hospital and his medical bill is RM 10,000, the insurance company will pay the money to the hospital, not him. In other words, he <strong><span style="color:#3333ff;">gets nothing</span></strong> in the end. If he pays the medical bill first, he can make a claim later from the insurance company. In this case, he still <strong><span style="color:#3333ff;">gains nothing</span></strong> in the end.</div><div align="justify"></div><br /><div align="justify">A 36 critical illnesses plan is a policy which provides a <strong><span style="color:#3333ff;">financial support</span></strong> to a policyholder who is <span style="color:#3333ff;"><strong>diagnosed with any one of the 36 critical illnesses</strong></span>. To know the full list of the 36 critical <span class="blsp-spelling-corrected" id="SPELLING_ERROR_0">illnesses</span>, please read my post titled <a href="http://lokeaiaberhad.blogspot.com/2009/01/for-some-of-insurance-products-offered.html">A LIST OF 36 CRITICAL ILLNESSES.</a> (January 6, 2009). If he has already bought a 36 critical illnesses plan with sum assured of RM 100,000, this amount of money will be <strong><span style="color:#3333ff;">payable</span></strong> to him once he is diagnosed with any one of the 36 critical illnesses. With this amount of money, he can concentrate on <strong><span style="color:#3333ff;">getting well</span></strong>. In fact, once he gets RM 100,000, he can spend it in <strong><span style="color:#3333ff;">whatever ways</span></strong> he wants including buying the latest model of Honda City.</div>AIA BERHADhttp://www.blogger.com/profile/00980193375012802852noreply@blogger.com0tag:blogger.com,1999:blog-8694036579779166960.post-66072350252158919022009-02-26T23:28:00.010+08:002009-03-02T23:17:12.108+08:00WHEN DO WE USUALLY GET OUR POLICY AFTER WE HAVE PAID PREMIUM?<div align="justify">Some of my clients think that they will get their policy on the same day after I receive their premium.</div><div align="justify"></div><br /><div align="justify">In fact, <strong><span style="color:#3333ff;">generally</span></strong>, we can get our policy only <strong><span style="color:#3333ff;">after around two weeks</span></strong>. It can be earlier or later. We must understand that <strong><span style="color:#ff6600;">only healthy people can buy insurance easily</span></strong>. In other words, <strong><span style="color:#ff6600;">not all people can buy insurance especially when they are not healthy</span></strong>. That's why all insurance companies need some time to make sure that all the applicants are healthy. If they are not healthy, insurance companies may require them to provide a <strong><span style="color:#3333ff;">medical report</span></strong> to determine whether they are eligible to buy an insurance plan. <strong><span style="color:#3333ff;">Underwriters</span></strong> are the ones who <strong><span style="color:#3333ff;">assess</span></strong> all the information provided and <strong><span style="color:#3333ff;">approve</span></strong> our application. They may need to <strong><span style="color:#3333ff;">assess more than several hundred new and old cases a day</span></strong>. After approval, they still need some time to <strong><span style="color:#3333ff;">issue</span></strong> our policy.</div><div align="justify"></div><br /><div align="justify">Actually, we <strong><span style="color:#3333ff;">don't</span></strong> have to be worried if we get our policy only after one or two months after the application date. If we submit our application forms on <strong><span style="color:#3333ff;">February 26</span></strong>,<span style="color:#3333ff;"><strong> 2009</strong></span> and the issue date is <strong><span style="color:#ff0000;">March 2</span></strong>,<strong><span style="color:#ff0000;"> 2009</span></strong>, we are still <strong><span style="color:#ff6600;">insured</span></strong> and <strong><span style="color:#ff6600;">protected</span></strong> by an insurance company starting from <strong><span style="color:#ff0000;">March 2</span></strong>,<strong><span style="color:#ff0000;"> 2009</span></strong> although we receive our policy in <strong><span style="color:#3333ff;">May 1</span></strong>,<strong><span style="color:#3333ff;"> 2009</span></strong>, for example.</div><div align="justify"></div><br /><div align="justify">To know when our protection starts, please read my post titled <a href="http://lokeaiaberhad.blogspot.com/2009/02/when-does-our-cover-start.html">WHEN DOES OUR COVER START?</a> (February 16, 2009).</div>AIA BERHADhttp://www.blogger.com/profile/00980193375012802852noreply@blogger.com0tag:blogger.com,1999:blog-8694036579779166960.post-72707689358642278732009-02-25T18:55:00.023+08:002009-03-02T23:13:16.540+08:00WHAT IS THE CONSEQUENCE IF WE ARE UNDERINSURED?<div align="justify">When we are <strong><span style="color:#3333ff;">underinsured</span></strong>, we are <strong><span style="color:#3333ff;">still insured</span></strong> but <span style="color:#3333ff;"><strong>not protected fully</strong></span>. As a result, our family may still <strong><span style="color:#3333ff;">suffer </span></strong>from <span style="color:#3333ff;"><strong>financial problems</strong></span>.</div><br /><div align="justify">When we, as the <strong><span style="color:#3333ff;">main breadwinners</span></strong><span style="color:#3333ff;"> </span>in our family, can't work any more due to a <strong><span style="color:#3333ff;">disability </span></strong>or <strong><span style="color:#3333ff;">death</span></strong>, the <span style="color:#3333ff;"><strong>insurance proceeds</strong></span> are the <strong><span style="color:#3333ff;">only source of money</span></strong> we have besides our savings in banks and other investments like shares and unit trusts. If we are underinsured, we may <strong><span style="color:#3333ff;">need to use our savings </span></strong>to continue <strong><span style="color:#3333ff;">living comfortably</span></strong>. We can sell our shares and unit trusts when we need money. However, as we all know, the <strong><span style="color:#3333ff;">values of our investments are heavily influenced by the performance of the current market</span></strong>. When the market is <span style="color:#3333ff;"><strong>bearish</strong></span>, we are <strong><span style="color:#3333ff;">not willing</span></strong> to sell them because we may <span style="color:#3333ff;"><strong>lose a lot of money</strong></span>. Consequently, our <strong><span style="color:#3333ff;">wealth accumulation process </span></strong>will be <strong><span style="color:#3333ff;">significantly affected</span></strong>.</div>AIA BERHADhttp://www.blogger.com/profile/00980193375012802852noreply@blogger.com0