Why Life Insurance, Prospect Avoid you like Plague?

Why Life Insurance, Prospect Avoid you like Plague?

Why Life Insurance, Prospect Avoid you like Plague?

Why buy Life Insurance, Prospect Avoid you like Plague at all cost. Regrettably, the Malaysian life insurance penetration is merely 56% of the total population in 2016. It implied that the balance 44% of the citizen have no life insurance. Or it could be ignorance or let fate decide your destiny. The worst scenario could be an inborn defect, the underwriter rejects their application. Why we have such a pathetic scenario? Blame the pyramid, the insurer, agent and the assured. Sadly to say, all the three bear their share of responsibility.

Not only, had no insurance but also sometimes the insured have the sum insured purchased inadequately. Usually, the average amount is about RM100, 000.00 to RM150, 000.00. With this meager sum, can it feed your beloved one or dependent for 5 or 10 years if one day you forget to return home? In fact, the adequately amount varied between urban or rural living plus also the working spouse or children. Nevertheless, the meager sum insured is hardly enough to last for a year living in the city. Like rubbing salt to the wound, can we survive with 2 or 3 kids in toll for a single parent?

Why Buy Life Insurance.Why Life Insurance, Prospect Avoid you like Plague?

Is it the responsibility of a parent to take care of the children’s welfare when one demises? Very often, we heard the sobbing story of cool-blooded landlord eradicated single parents out from their rental home. Subsequently, like adding fuel to fire, the bank publicly auctions off the roof over their head if you default for 6 months payment. In true fact, the bank often shuts off the umbrella when you don’t have life insurance or MRTA to cover the loan tenure.

The Kid suffer without life insurance left by parent

By the same token, the innocent child is also the victim when one parent remarried. Stepparent often preys on the defenseless kid. Recently, a newspaper reported rape, physically tortured with multiple cut and bruises and old wounds over the emaciated kid body. The police rescued a retarded boy from the evil mother. The shocking reason given, chained the boy like a dog in a small cage preventing him from strolled out. Can your soul be rest in peace if someone does to your child? Unless you are heartless, no human can bear to see the suffering of abusive and inhumane tortured. Even the beast-like tiger does not devour on the offspring.

Why Life Insurance, Prospect Avoid you like Plague?

Expensive to have life insurance policy

In the ever-burgeoning budget of a newly married couple with a kid, indeed life insurance is a luxury item. Coupling with the car loan, parking, fuel and maintenance, insurance and road tax eat up a chunk of their salary each month. Moreover, there is the student loan, housing repayment, utility bill, an emergency fund like a kid doctor bill and a love gift to aged parents. Luckily, if they could have a break-even or a blessing to have a tiny disposal income left for saving. With a tight budget, any extra is beyond their mean and classified as a “luxurious” item like buying life insurance.

Get the Qualified Agent

Needless to say, it is advisable for such a young family to have affordable term life insurance. In fact, it cost merely a daily high tea at a local café. Contradict to the agent not to buy term but investment or whole life policy. If the agent insists on all sorts of reasons, it is time to kiss the agent forever goodbye. Why? As a matter of fact, the agent only bothers their fat commission, not your pocket. What is the chance of a lapsed policy in the due course? Thus the result is about 60%.

In the same manner, if you could afford, what is your opinion you prefer pricey life insurance compared with a bedridden spouse or kid at home to maintain? Death is an instant relief, but the loved ones have undergone lifelong grief. So why turn yourself an irresponsible parent? You could be curse subsequently by those still alive struggling to meet day end need?

I lead a healthy lifestyle, No Need Life Insurance.

Why Life Insurance, Prospect Avoid you like Plague?

Nowadays, insurance agent always complaint is difficult to close a sale with the young and active people. The yuppie leads a healthy lifestyle to visit the gym 5 days a week after work. Likewise, they eat the meal moderately due to health and the utmost important tight budget. How far is that true? We puzzle? Eat junk food like instant noodles with enhanced favor, fry egg and soft drink instead of mineral water or fruit juice? Surprisingly, the diabetics and hypertension suffer gradually knocking at their door.

Therefore, closely examined, the Malaysian demographic depicted young suffer from 30+, which was unknown in the last century. Honestly speaking, how many Malaysians have their yearly completed medical checkup? Toast off to you, if you have a clean report, otherwise, you are an insurable or substandard risk with premium loading.

Why Life Insurance, Prospect Avoid you like Plague?

Life Insurance Cover for Money Printing Machine
Why Life Insurance, Prospect Avoid you like Plague?
Printing US dollar banknotes (100 dollar bill sheet).

An unpredictable human being, in order to understand insurance, might take ages. They insured their movable assets like an automobile, exclusive motorcycle, extensive renovation home, camera, and household contents.

Surprisingly, they insured even pets for fury animals including the kernel, but no insurance for themselves. Rampantly road accidents and armed robbery daily affair, they often pray hard nothing would befall on them. Moreover, no one can predict when you are imminently sick or bedridden or walk on the clutches. Yet, there is no insurance to cover for the machine that prints money for you, that is your body. Gradually, overuse due to wear and tear a machinery breakdown; likewise, it is the same for your body. Consequently, a fatality occurs or lying motionlessly on the hospital bed.

Negative Perceptions

Crowded coffee kiosk, two middle-aged customers sat in between a young man, an insurance agent.

“I lament you not buy any insurance as my neighbor’s son hospitalization for a week in a private hospital, the insurer denied his claim”
“Why” another probed further.
“I do not know the reason for the rejection, initially the agent helped to claim, eventually the agent also unreachable “
“Yes, truly say, the agent and the insurer are the legal license conmen, promise you the sky, finally you get a barren hope.”

“Sorry, young man, I need to consult my spouse before making the decision from buying your investment-linked proposal” Another elderly prospect consoled the dynamic agent.

“Yes, it is alright to reconsider about it, please don’t hesitate to call me for any doubt clarifications” the agent replies politely.

Thus one rejected claim would eventually rumor spreading fast like wildfire.

The truth reveals

Occasionally, the half-baked agent would request the assured to sign on the dotted line without filling the medical history. In order to get prompt approval, the agent ticked all NO in the column even though assured mentioned has hypertension and on long-term medication. Whose fault? It is the Assured himself as he does not know anything when he blindly signed the dotted line on the proposal form. The former kleptocrat Prime Minister Najib Razak is a shining example.

Assured’s moral hazard

I did help to claim a case rejected by the insurer. Finally, to my dismay, I obtained a hospital report that assured did a kidney stone removal in a government hospital. When asked by the agent any operation done in the past. He negatively answered NO. Consequently, the insurer denied its liability for his claim on kidney dialysis.

Another case on hypertension question, nevertheless, assured answered negatively despite the fact of having daily oral medication. Eventually, the claim often denied by the insurer when a claim on stroke or kidney failure on the later stage.

Why Life Insurance, Prospect Avoid you like Plague?

Utmost good faith on Life Insurance

Utmost good faith is one of 4 principles governed by the rule of the insurance law. It is a legal binding between the assured and insurer when entered into an insurance contract. The assured disclose all the relevant material facts to the prudent underwriter in determining to reject or accept the offer. Whether the assured know or unaware of the health condition, you need to disclose to the insurer. So, sincere advice bares all the facts to the insurer to avoid future disputes on claim matter.

No Dependent

Generally speaking, couldn’t care less is the altitude of most of the y generation. Chase after the latest trendy iPhone gadget every six months. Moreover, priority on holiday, pay later for the credit card payment. Buy Life insurance? Why need it, I have no dependent is a tangentially reply? Single with no string attached, without any family commitment, no parent, no sibling, living on own world, why care! Having said that, what about your final funeral expense consequently let the government take care of burial, or leave the corpse to decay on the road or hospital? Perhaps, perform a unique Tibetan “sky burial” let the eagle devour on your corpse.

Notwithstanding, if you have a grey hair retired parent, it isn’t a double pain for them. Losing one child, and the final expenses, ritual prayer, and burial ground to pay for? Unfortunately, the doctor confirmed you as total permanent disability, aren’t a pain in the neck hiring a nurse or long-term nursing for you. Conversely, put you in the nursing home, who pays for maintained expenses?

NO MONEY

Why Life Insurance, Prospect Avoid you like Plague?

No money is just a lame excuse to put off for the newbie’s advisor. Regardless single or a young married couple is a norm form of getting rid of intermediary. Or postponed, the chance is they procrastinate for a few more years. Luckily, the body has no red alerts for silence sickness. Meet a car accident, then you want to cover your car for a comprehensive term, do you think insurance company run on charity and accept your offer. Blatantly, the insurer you turn down your offer. But in the true fact, the majority of the insured have this kind of weird idea. I have stumbled across a few incidents like this before during my 25 years in the insurance industry. Does the insurer run on charity? Please answer.

Time and Tide wait for no man

Overall, we aged with the erosion of time, coupling with consumption of highly toxin junk food daily intakes. No wonder primary school going kid had undergone kidney dialysis at the public hospital. A normal phenomenon is today’s society with a stressful lifestyle chasing after material gains. The insurance premium gradually rises accordingly to your age. Not only the higher premium pay but also lower the sum insured if we compared a lad aged 20 and another 30 years old adult. As we age, we are prone to illness due to our sluggish immune system.
In brief, please buy insurance when you are in your youthful vigorous year to save cheaper premiums with a higher sum insured. You can even apply for term insurance for a 10 years gap band.

Jargon wording with length sentence

How many lawyers and layman can you consult and understand and interpreting sentence by sentence in the insurance policy? Nobody trained in all fields; therefore no one is an all-rounder in this world. Diligently consult your agent or even bring the policy to the insurer for a full explanation. Closely examine the following point, you would face difficulty in handle a claim in the near future.

Exclusion Clause

In this column all the sickness or any circumstances relevant contradicted to the policy, the insurer would deny its liability. For instance, commit suicide within certain years or claim on pre-existing illness know to the insured. Please highlight to the assured when delivery the policy for acknowledgment of the receiving the policy. Do not conceal the fact, it is better to avoid short-term pain rather finger pointed out how irresponsibility of the consultant.

Inception Date

The policy enforced with the date clearly printed out and the expired date of the policy. Commencing date is of utmost importance in the case of medical or 36 critical dreaded disease claims. Never overlook it. Frequently, assured would hospitalize for an illness, and bravely ignorance the waiting period. Subsequently, no entertainment of the claim, the assured would spread the rumor that insurer selling a scam policy, even though the default lies with assured. Sabotage the agent, branded you feckless advisor, and tarnished your name.

The schedule

In this schedule, your name and identity card number should spell accordingly to your national identity card. Correct the error immediately should you spot a mistake. Thereby, the insurer has no leeway to deny your future claim. Do not give the underwriter a chance for your consumer’s rightfulness claim.

Highlight the type of coverage, whole life, endowment, term or investment link or purely medical card policy. You need to aware of the total permanent disability, 36 critical illnesses, and waiver of premium due to dreaded disease or the payor. Any hospitalization benefit per day, woman disease and pregnancy admission specified according to your signed proposal form. Scan any deviation, informed the agent in a written form and ensure the insurer to pass endorsement accordingly. Finally, you made a note of the sum insured in the schedule.

Stated policy Number in the claim form

Stated the policy number in the policy for convenient correspondence with the insurer claim, when ledge a claim in the future or an endorsement. How much premium you have to pay? Assured need to warn adjusted premium during the duration the whole validity of the cover, not to forget if the medical card guarantee renewal clearly stated.

Buy peace of mind coverage

Why splurge an exotic meal under the candlelight dinner or exorbitant family oversea excursion. Or perhaps the endless chasing the ever change the latest gadget every six months. Why not paused and think for your loved one when one day you lose your way home? Get a policy coverage that ensures all the financial constraints would not befall the ongoing family.

Your Thoughts

As usual, I would love to hear any thoughts or questions that you have in the comments section below.

One Nation Different States Tax Varies

One Nation Different States Tax Varies

One Nation Different States Tax Varies.  A tales of two cities.

I live in Johor state after returning from my oversea tertiary education. I work in Johor trough out my working life with a short stint in Singapore. After married, I often travel to Kuching, my wife hometown.  There is where my culture shock began.

Transport charges

My wife bought her first home need extensive renovation at the front car porch. Off we went to the hardware shop dealing with ceramic tile. After an hour viewing and selection, we finally settled for tile costing more than RM2,000.00

” Boss, There is an RM50.00 transport charge that you need to pay.” the sweet damsel told us.

” Wh…at! Why? We brought over RM2,000.00 worth of tiles, there is no such practice in Johor, moreover, the distance between here and to our house is merely 5 kilometers away. You cut throat ” I probed.

” It is standard practice here. No transport charges, no delivery, our business is still very good, Look at the crowd of buyers outside.” she cockily answered me.

Now, I understand why my fifth brother built a Japenses factory shipped all the building material from Johor. The houses here have very low ceiling regardless the types of house, be it bungalow or low- cost house. I hardly seeing a house built by the developer has a 15 ft high ceiling. 

I questioned my brother-in-law about this issue. He advises not to compare with Johor with a question mark?

Deposit

We were busily cooking our meal one day, the gas had finished. I called the gas delivery man to send me two cylinders of gas.

” OK. no problem, but you need to pay RM200.00 for the deposit of the new cylinder gas tank” the boss briefed me over the phone.

” Why RM200.00 for the deposit, not RM80.00 in West Malaysia, moreover, the gas is a control item in Malaysia” I questioned him. 

” Then you wait for RM200.00 drop to Rm80.00.” He told me off.

Identity issue.

I am Johorean, each time at the arrival hall at the Kuching International Airport, I need to go the immigration counter.  I need to sign a small note of paper, keep it safely, present to them after leaving the Sarawak, but there is no such issue when East Malaysian entered West Malaysia.

Once I questioned about it.  

” Inilah procedure, jangan tanya saya kenapa. Tanya orang di atas” the muka asam immigration ooficer answered me like that.

East Malaysia has joined the Federal on 16 Sept 1963, I just don’t under why such an issue exists until today. 

Can anyone know the true answer?

One Nation Different States Tax Varies. A tales of two states

No House Assessment

During my trip back to Kuching to celebrate Chinese New Year with my wife’s sibling. We went to the land surveyor office to pay the house assessment which is due soon in May 2017.

” I am here to pay the house assessment” I politely told the smiling face cashier at the counter.

” Sir, Good afternoon, there is is no more house assessment since July 2016. It has been abolished. The commercial lot only need to pay” she told me with her warmth smile.

We went off smiling ear to ear.

No Land Tax

My son and I went to the Kota Samarahan to pay the land tax for a small piece of agriculture land.

” Sir, this is the identity card, I would like to check how much I have to pay for the ‘Cukai Tanah?” He asked.

After a few minutes after checking with the computer system, there is no outstanding. He briefed us, “you don’t have to any the land tax from January 2016 onward.”

We could not believe what he said.

” Yes, sir, it has been abolished by the late Tan Sri Adenan Satem since 2016. Another Ang Pao for us in this 2017 Rooster Year. I really pay through my nose for land tax and house assessment in Johor for a few thousand ringgit a year.

We have a hard time in the high cost of living in Malaysia, where everything goes up, never comes down the only exception Malaysia  Ringgit down more than 30% against US$ since last year.

A poem to console me before I can retire to bed tonight.

UP$ UP$ UP$

Last year, Cooking Oil Up

Recently, fuel 20 cents up 

Grocery bill goes up

Petrol bill also goes up 

My Goreng Pisang also up

Mama Mee Goreng also up 

Malay Nasi Goreng Kampung also up

Chinese Kung Fu noodle also up

Harga Kangkong pun Naik

Gaji x Naik

But my “Kepala Angin” naik

Then my doctor fee also Naik.

Only Malaysian Ringgit RM is down.

 

 

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Kluang Famous Hot Spicy Botak’s Curry Mee

Kluang Famous Hot Spicy Botak's Curry Mee

What is Curry Mee ?

Malaysian and Singapore are famous for a unique signature  dish called curry mee. It is a cuisine heavily fusion of the Chinese and Indian influence.  The Chinese and Indian migrated to then Malaya to work in tin mining and rubber plantation sector respectively during the early 19-century era.  

It is made up of thin yellow noodle or and mee hoon (rice vermicelli withy spicy curry soup, sambal chili, and coconut satan. With a variety of choice like dried tofu, chicken, prawn, cuttlefish, egg,  cockle and  bean sprout. 

In  southern Malaysia and Singapore, it is called “curry laksa”  It is a cross between the Singapore laksa and a spicy variation of the mee rebus (an Indonesian noodle dish with yellow noodles).

Malaysians returning home from overseas, after home cooking, would head for their favorite hawkers to relive the taste of long missed  spicy foods.


Kluang Famous Hot Spicy Botak’s Curry Mee

Botak’s curry mee, inheritance with over 3 generation with a span of 60 years,  It’s loyalty  customers  spread across the global besides, the Malaysian patron and the local folks.

Ground Spices

The curry soup uses ground spices. The tasty and mildly spicy smooth curry has a pleasant slight grainy feel from the ground spices. Less oily due to  lesser use of coconut satan in the preparation. It is more healthy comparing with local other curry mee stall which is heavily reliant on coconut for flavor.

Sambal Chili 

Curry mee would not you do not try the sambal chili , it is free self- services adding in a small plastic plate .  You can add any amount depending individual taste bud.  Made from fresh chili and fried in oil, it is spicy and adds oomph to the curry for those who prefer their curry extra hot. This sambal chili is so yummy .

“Boss, Can I packed RM10.00 for the sambal chili?”

“Sure, you can, where are you people coming from?” He asked us.

” I am local, these two gentlemen are from Perth , Australia another two gentlemen are  from Kuching, Sarawak, ” I replied.

” Ohh, with his unbelievable look. 

The delicious looking bowl of curry noodle topped with bean sprouts, char siew, cockles, fish cake, pork skin etc. It rare people use the pork skin on curry noodles.  The tasteless pork skin when soaked up the curry like a sponge. The curry is the main star in Botak curry mee.  

“Boss, give me another bowl of rice vermicelli with an additional portion of cockle.” shout from another table.

It was hot  sundry afternoon, the fan was orbited with the mixture of the smelly customer’s perspiration and the aromatic smell of the curry soup. Nobody seems to bother about it, keep devour on the hot curry mee. 

Botak’s Kampung Paya shop showcases.  

 The  unique funny looking table with cement leg.  It was a collection ex- flooding recycle material. The owner’s love for liquor and alcohol is apparent by his collection of alcohol bottles lined up against the walls. The colorful psychedelic ceilings were quite a change. 

Why Botak Curry Mee?

Its name originated from the earlier generation, present owner’s   grandfather was a bald man! But the grandson who is manning the stall only had short, cropped hair. There are 2 stalls, brother, and sister taking care of their own respective stalls. 

Son’s address: Jalan Paya 2, Kampung Paya, Kluang

GPS: 2.040879,103.334977

Daughter’s address: Jalan Panggung, Kampung Masjid Lama, Kluang (Mengkibol River Hawker Centre) 

GPS: 2.029777,103.320971

Hours: 7:00am to 5:00pm


http://ho.lazada.com.my/SHOtqL

Hainanese’s Tranditional Way of Making Aromatic Fresh Coffee Bean

Hainanese's Traditional Way of Making Aromatic Fresh Coffee Bean

Hainanese’s  Traditional Way of Making Aromatic Fresh Coffee Bean

Coffee, the miraculous brew that gives our mornings the extra kick we require to last throughout the day. With an ever popular coffee culture on the rise, it is amazing to realize Kluang is a heritage town since earlier 1900 era.

Learn How to Make fresh Coffee Bean The Hainanese’s Traditional way 

First, a Roaster  roasted the green bean. One needs the experience and expertise to roast coffee traditional coffee. The duration of time to roast the coffee bean is about estimation.

The Hainanese will NEVER reveal their trade secret how to make the perfect aromatic coffee bean to the public no matter how I trick him several times. You listen for the sound when you roast the beans. During the first crack, you will hear popping sounds like firecrackers. When the second crack happens, it is a louder, more insistent firecracker sound, then you know it is already roasted.

A large mixing wok where Foreigner  especially the young Bangladesh  workers mix the roasted bean with margarine and sugar.

“Why Bangladesh , not Malaysian workers?’

“Ai you, you don’t may, Malaysian where can stand the heat and hot plus dark dirty working area.  Here , no air-con, local people see “terus cabur” he answered with local slag  Malaysian English.

“What is the ratio for the coffee bean with margarine and sugar” I probed further.

“Sorry lah, it is a trade secret!” He annoyed with my question.

After this process, Another machine is used the dry the coffee bean.  At this point, the coffee beans are in clumps due to the mixture of  margarine and sugar.

A customised designed  machine is used to the clumps. The final step is optional, grind the beans or not. Most of the delighted customers prefer to grind the coffee beans right under their nose to determine the freshness of the coffee powder.

Roasting traditional local coffee is a tough job because of the smoke and the heat.

Why Hainanese Makes the Best Coffee 

There is saying among the local people.

If one day in the morning, the Hainanese don’t drink a cuppa , they go “gila“.  It means go crazy.

Hainan coffee, called “kopi,” is for some an acquired taste. Made by pouring boiling water through grounds held in a cloth “sock” filter. It has a thick, strong and bitter taste . It is drunk hot or iced, usually mellowed with sweetened condensed milk. Served along  “Western” dishes like toast and eggs, and Malaysian standards such as fried rice and noodles and the famous local dish “Nasi Lemak” wrapping in the freshly cut banana leaf. Not to miss the slice of bread , wholemeal or Hainan’s Bread is charcoal-grilled toast with butter and kaya, a coconut jam.

Liberica coffee, a variety native to Africa finds it way to the small holder in mostly in the central and southern states of Selangor and Johor in 1800.  It is inferior and cheap quality, the Hainanese adding margarine and sugar to the coffee bean to give a disguise and uniqueness taste.  The coffee bean  has the distinctive burnt flavor.

Do you agreed with me, the Hainanese take to pain to make a cuppa welcoming the day. ? Your opinions and comments are welcomed.

Glossary

Kopi: A cup of hot coffee with sweetened condensed milk

Kopi O: with sugar only

Kopi kosong: hot coffee with no sugar and no milk

Kopi C: A cuppa with evaporated milk and sugar.

Kopi C Kosong: coffee with evaporated milk and NO sugar.

Kopi camp: A mixture of coffee with tea and sweetened condensed milk.

“Peng” added to any of the above will get you the said version in a glass, over ice.

“Kaow” added to any of the above will get you an extra strong cup (or glass).

 

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