jasonchngarrow19870313
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Any good aia financial consultant?
Aia agent
- Thread starter jasonchngarrow19870313
- Start date
Citibank also use AIA. I would stay away from AIA.
Real estate, insurance, christianity (City Harvest), buddhism (Ming Yi) all have their scandal news. Do people stop looking for real estate and insurance agent? Do people stop going to church and temple? Different industries will have their own blacksheeps. One must not be close-minded and regards the company at fault. The company plays an important role in educating its agents but no company can educate human nature especially greed.
The thing about banca from bank is that when 1 day the bank no longer provide product for that company, do you think they'll continue to service you?
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xdemolicx
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Donch ever go bank tats e worst advice ever. No service muz ownself walk in ask qns or call hotline n wait. E officer say forgot let me sign a document still hav e cheek ask me go back to his branch.
Unless chiu can sign those elite tier one in e banks probably can consider
Unless chiu can sign those elite tier one in e banks probably can consider
Which bank was that?
And bank now have mobile banker doing purely banca. What do you mean by you have to go back to branch when it's their fault?
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xdemolicx
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UOB. E guy said he forgot let me sign sum form thn ask me if can go dwn his branch again get it signed roh. Tiagong OCBC CS also notch bery gd but tat one i don noe.
I just use 360 tats all
Sure. But when you have multiple choices. Why give the business to company already in the news?
Give it to company that had a team that are better managed.
Despite measures to raise industry standards, the number of complaints against financial institutions has shot up.
There were 1,162 complaints lodged in the 12 months to June 30, up from 903 in the same period a year earlier, the Financial Industry Disputes Resolution Centre (Fidrec) said yesterday.
It noted that 442 complaints were made against banks and financial companies, up from 299 previously.
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Life insurers came next, attracting 434 complaints, an increase from 331. General insurers were next with 218 complaints while licensed financial advisers and insurance brokers got off lightly with only 41.
The bulk of the complaints - 629 in the latest year - are centred on an institution's practices and policies, including pricing, policy values, investment returns and disputes on liability and claims awarded. There were 485 complaints of this nature in the previous year.
There were also 444 complaints involving market conduct issues, including fraud, misrepresentation and inappropriate advice and aggressive sales tactics. This was up from the 322 complaints in the previous 12 months.
The Consumers Association of Singapore (Case) said it is concerned about the rise in complaints and that more needs to be done by industry stakeholders to address the underlying issues.
"For example, banks should look into making terms for liability claims clearer and explain such terms to the consumer to minimise disputes over liability claims," said Case executive director Seah Seng Choon.
"Insurers can also ensure that their agents have the proper training and discipline to make appropriate insurance recommendations to their clients and provide full disclosure of all the facts to allow their clients to make an informed decision.
"There should also be periodic reviews of the measures that financial institutions need to adhere to, to ensure that their representatives fall in line with the requirement."
Fidrec chief executive Ng Wee Jin said the statistics only cover cases where consumers have turned to Fidrec as they had not been able to resolve the issues with financial institutions.
"Market conduct related complaints are more complex. In such cases, the evidence of whether there has been any wrongdoing may not be so clear from the onset. It is therefore not surprising that Fidrec sees a larger percentage of such cases," said Mr Ng.
There have been calls from Case and members of the public to Fidrec to disclose more details of the claims to increase consumer and business awareness on financial disputes.
Mr Seah suggested that Fidrec could publish dispute details showing a brief summary of the case, the dispute resolution process and decision without naming the parties involved.
"Such disclosures will be helpful to educate the public on the pain points in the financial industry. Hopefully the public will learn to avoid the pitfalls in this industry," said Mr Seah.
Fidrec was set up in 2005 to handle disputes between consumers and financial institutions up to $100,000 for policyholders and their insurers, and $50,000 for those involving banks.
Case said Fidrec could consider reviewing the claim limits for insurance, banking and motor accident disputes for consistency and fairness.
Fidrec responded that it initiated a review of its jurisdiction last year, and the relevant announcements will be made when appropriate.
http://www.straitstimes.com/business...insurers-go-up
There were 1,162 complaints lodged in the 12 months to June 30, up from 903 in the same period a year earlier, the Financial Industry Disputes Resolution Centre (Fidrec) said yesterday.
It noted that 442 complaints were made against banks and financial companies, up from 299 previously.
Advertisement
Life insurers came next, attracting 434 complaints, an increase from 331. General insurers were next with 218 complaints while licensed financial advisers and insurance brokers got off lightly with only 41.
The bulk of the complaints - 629 in the latest year - are centred on an institution's practices and policies, including pricing, policy values, investment returns and disputes on liability and claims awarded. There were 485 complaints of this nature in the previous year.
There were also 444 complaints involving market conduct issues, including fraud, misrepresentation and inappropriate advice and aggressive sales tactics. This was up from the 322 complaints in the previous 12 months.
The Consumers Association of Singapore (Case) said it is concerned about the rise in complaints and that more needs to be done by industry stakeholders to address the underlying issues.
"For example, banks should look into making terms for liability claims clearer and explain such terms to the consumer to minimise disputes over liability claims," said Case executive director Seah Seng Choon.
"Insurers can also ensure that their agents have the proper training and discipline to make appropriate insurance recommendations to their clients and provide full disclosure of all the facts to allow their clients to make an informed decision.
"There should also be periodic reviews of the measures that financial institutions need to adhere to, to ensure that their representatives fall in line with the requirement."
Fidrec chief executive Ng Wee Jin said the statistics only cover cases where consumers have turned to Fidrec as they had not been able to resolve the issues with financial institutions.
"Market conduct related complaints are more complex. In such cases, the evidence of whether there has been any wrongdoing may not be so clear from the onset. It is therefore not surprising that Fidrec sees a larger percentage of such cases," said Mr Ng.
There have been calls from Case and members of the public to Fidrec to disclose more details of the claims to increase consumer and business awareness on financial disputes.
Mr Seah suggested that Fidrec could publish dispute details showing a brief summary of the case, the dispute resolution process and decision without naming the parties involved.
"Such disclosures will be helpful to educate the public on the pain points in the financial industry. Hopefully the public will learn to avoid the pitfalls in this industry," said Mr Seah.
Fidrec was set up in 2005 to handle disputes between consumers and financial institutions up to $100,000 for policyholders and their insurers, and $50,000 for those involving banks.
Case said Fidrec could consider reviewing the claim limits for insurance, banking and motor accident disputes for consistency and fairness.
Fidrec responded that it initiated a review of its jurisdiction last year, and the relevant announcements will be made when appropriate.
http://www.straitstimes.com/business...insurers-go-up
Can't understand why the fuss over this insurance compA. over B... bla bla bla.
All insurance company are the same: They are to earn your money. In return you buy from them to make yourself/family feel secure.
Don't push ALL the blame to the company, it's the individual that stirs up the whole game plan. You can accuse the company for hiring non-competent person, but not cheating and sort of stuff.
If you found your agent not reliable, just ask to change. If they insist, just cancel and move on to another branch/ or new company.
All insurance company are the same: They are to earn your money. In return you buy from them to make yourself/family feel secure.
Don't push ALL the blame to the company, it's the individual that stirs up the whole game plan. You can accuse the company for hiring non-competent person, but not cheating and sort of stuff.
If you found your agent not reliable, just ask to change. If they insist, just cancel and move on to another branch/ or new company.
mcylo
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Doesn't matter? The endowment insurance I gotten from Manulife has been declaring lower returns over the past few years
Steyr69
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Cancel can ask for full refund? I think MAS should step to address this serious issue!
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