I continue to get requests from my readers to give my views on specific investments and insurance policies. My reply is the same - attend the educational talks organized by FISCA - www.fisca.sg (Events).
I am sure that these people have read my postings many times before, asking them to attend the talks. They do not want to spend the time and money but like to get "free advice". They should realize that it takes time to analyse these policies and is usually a waste of time, as these products are complicated and have hidden catches.
I am sure that these people have read my postings many times before, asking them to attend the talks. They do not want to spend the time and money but like to get "free advice". They should realize that it takes time to analyse these policies and is usually a waste of time, as these products are complicated and have hidden catches.
9 comments:
Mr. Tan, i advise you not to waste time on these people. Let them be ripped off by insurance salesmen.
I notice at a roadside show manned by many Pru insurance salesmen. They seemed to able to get young passers by to sit to listen to their garbage on early stage cancer product and regular ILPs.These products should have been banned and dismissed if they have attended your talk.
I guess they prefer to pay high price to learn about insurance products than yours.
You remember ntuc senior VP agreed that the regular ILP sold by one of his sales champion to an old grandmother was suitable despite the product's break even year is around the 20th year?
People never learn!!!!!!!
They want free advice but they never got. What they got is product information on benefits and features plus persuasion. Only those information the salesmen want them to hear.
There is no free lunch and therefore there is no free advice..
It is naive or idiotic of consumers to think they can get free advice. What they get from insurance salesmen is free information which is availble from the brochure or the website. If consumers buy on this limited information they might as well buy online...which is free from commission.
I heard one insurance company will be selling online no commission products like wholelife, endwoment etc.This is good for consumers who don't want advice but only information .It is idiotic to pay for information which is freely available , right?
This is in line with MAS FAIR's objectives, to cut down distribution cost and others costs like CEO's salary, senior managers' and the MLM supervisors and group sales managers.
This will improve the return for par products and increase the coverage a few folds.
ST Forum - August 23
"HEALTH INSURANCE"
[... And to sum it all up, can Prudential change the benefits of a policy that is already in force?]
http://www.straitstimes.com/premium/forum-letters/story/concerned-changes-policy-thats-already-force-20120823
[I AM a 59-year-old Singaporean who has had a family medical insurance policy with AXA Insurance Singapore for the past 16 years, which cost me about $6,000 a year.]
http://www.straitstimes.com/premium/forum-letters/story/stiff-renewal-terms-long-term-client-20120823
Reply to 2:53 pm
Whoever you are, you must be very sick in your mind to continue posting this type of personal attack here. and to do it continuously for a long time.
Mr. Tan, ignore this person. The fact
that you received hostile comments shows what you are doing for consumers is working...these people likely agents are feeling the heat.
Persevere until you have ridden off this sort of insurance salesmen robbing the consumers and there are plenty of this type of salesmen in our midst. Exterminate them .
@7.38 pm
I have been ignoring him for two years. But he is so "sick" that he enjoys posting insults regularly.
I will next be calling him by his name.
If you don't get any reaction, negative or positive it means your post has fallen on deaf frogs' ears.
That insurance salesman is feeling the heat like the proverbial frog in
the slow heating boiling water.
I bet that person is an agent from ntuc.He or she is ungrateful.I am sure you have helped many in this business in the past. They forgot that without the easy to sell products in your time they wouldn't have fed their families and sent their children to the U. These ungrateful agents should be eliminated from the indsutry.
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