Lowyat.NET: Latest topics by balwr

NIL Coverage

balwr — Sat, 04 Jul 2015 13:52:27 +0800

my residential area till to date no proper coverage provided by maxis.. kindly do something about it.. because your tech team already promise to enhance a high signal tower by last dec but till date no action. trouble is, once you enter the area only there will no line or at least one bar which you cant even receive message or call in.. taman pertam jaya 75050 semabok melaka

Frequently Data Full

balwr — Sat, 04 Jul 2015 13:12:42 +0800

hi there,

i wish to lodge a complaint, my data for the past six months always full hence i always buy the additional data before my data refreshes. but his this is too much, after two days my data refresh my data was already full and i already lodge a complaint to 123 which the cust service rep never get back to me. thats fine, i purchase another 1gb data to use on the 02/07/2015 8.11pm and less than an hour my data was full again. how frustating can that be? i again call 123 rep mr naim which gave me stupid example comparing my data with tnb services! now just minutes ago my data is full, something is wrong somewhere so please seriously check on the matter i am facing!

balwr23@gmail.com

does celcom has 132 idd like maxis?

balwr — Sat, 15 Jun 2013 23:26:59 +0800

hi guys,

just wondering has celcom has the special 132 call rate like maxis for oversea calls?

2011 myvi 1.5 engine block

balwr — Fri, 14 Jun 2013 11:34:53 +0800

hi guys,

just want to clarify anyone has idea regard the 2011 myvi 1.3 and 1.5 is it the same? coz i plan to change engine to 1.5, just want to know before i proceed the base and block everything is it the same?

thanks a lot

ocbc legacy

balwr — Mon, 05 Apr 2010 23:23:43 +0800

hi guys, just to discuss this product from ocbc called legacy... i understand it roughly but would like to know more info abt it... anyone here purchase it? what is the pros and cons?

which bank to take loan?

balwr — Wed, 24 Mar 2010 12:47:09 +0800

hi guys, i am a newbie here... just want to know whick bank at the moment offers the cheapest rate? i see it goes like blr - 1.8 and up to 2.3 from affin... is it true? which and what should i consider? the snp is foc and the rest i have to pay inculding the lawyer... thx a bunch

property in malacca...

balwr — Sun, 05 Jul 2009 09:05:11 +0800

hi guys... i am looking for a housing property in malacca... either condo or ss house... any idea? which 1 is better if in malacca? what should i consider?

used car dealer business...

balwr — Mon, 15 Jun 2009 22:53:47 +0800

hey guys... just to share in ur views how is used car business at the moment? and how to open one? what license and procudures do i need? ssm police fire brigade and pbt? capital how much? thx

what rim suitable for new vios?

balwr — Mon, 01 Jun 2009 23:05:49 +0800

in your view whar rims is nice and suitable 4 new vios?

(WTS) proton wira 1.3 gli manual 2001

balwr — Mon, 01 Jun 2009 22:57:44 +0800

hey guys i wana sell my wira year 2001 1.3 sedan... colour grayish black.... location malacca... price 16k... do pm oe email me...

current / future property projects in malacca...

balwr — Mon, 01 Jun 2009 22:37:02 +0800

hi guys.... just to discuss the new property developement going on and coming projects in malacca... i am looking at condos or single storey house or single storey semi d...

jaymuda devoloper in malacca...

balwr — Mon, 01 Jun 2009 22:24:32 +0800

hey guys just to check the devoloper in malacca how is it so far?

Motor insurance discount plan...

balwr — Tue, 19 May 2009 11:56:11 +0800

Cheaper to renew directly if premiums are raised

PETALING JAYA: Policyholders will be able to buy or renew their motor insurance policies directly with insurance companies at a discount if the proposal by insurance companies to raise motor premiums is approved, according to industry sources.

It is learnt that Bank Negara is in discussion with motor insurance players and has requested them to provide discounts if it decides to approve a hike in motor insurance premiums as requested by the industry due to rising motor insurance claims.

A 30-year veteran of the insurance industry told StarBiz the move would allow policyholders an option to either walk in and buy directly over the counter at a discount from insurers or they could buy through their agents, whereby they would have to pay a 10% commission.

Subject to approval from the central bank, the rate of discount being studied at the moment is 5% in the first year and 10% in the second year and thereafter, in addition to benefits like the no claims bonus (NCB), according to the source.

The first year discount is limited to new motor policies and the subsequent ones are for renewals, he added.

The General Insurance Association of Malaysia (PIAM) has declined to comment on the matter.

Insurers had been persistently asking Bank Negara to raise motor premiums since the last one took effect in 1978, citing higher motor claims, surging vehicle thefts and the rising cost of automotive repairs.

Federation of Malaysian Consumer Association secretary-general and chief executive Muhammad Sha’ani Abdullah said the move to allow consumers to buy motor policies over the counter was laudable as it would eliminate abuses by agents.

“Many people buying or renewing motor or non-motor policies are forced by their agents to buy other general insurance products which are unrelated. “This is something which we view as an abuse by agents and (it is) forced selling.

“We support this proposal as it will benefit consumers and check the growing abuses by agents,’’ Muhammad Sha’ani said.

But the industry source said the move to allow customers to buy motor insurance policies directly at a discount from insurance companies would affect the income of agents and their staff.

“There are about 40,000 general insurance agents in the country, of which 15,000 are full-time agents.

“On average, each agent or agency employs between three and 30 people.

“By allowing customers to buy or renew motor policies at a discount, it will erode the income of more than 50,000 employees of insurance agents, which will cause them to be unemployed,” he said.

An agent who declined to be named said agents helped in the penetration of insurance in remote and rural areas where there were limited insurance branches.

“Apart from selling insurance, we also provide claims management and monitoring of claims on behalf of customers.

“Unless the central bank has specific plans to redeploy the unemployed staff, it is going to worsen the current economic situation,” he said.

Some of the leading motor insurance insurers in the country are Kurnia Insurans (with a market share of more than 20%), AmAssurance, Allianz Malaysia Bhd and Tokio Marine.

Allianz General Insurance Company (M) Bhd chief executive Ng Hang Ming said in an e-mail reply that his company had “not received any directive to revise motor premiums upwards.”

“To date, we have not received any directive on this issue of rebate to direct customers. In respect of commission to agents, it still remains unchanged at 10%,’’ Ng said.

what are we agent going to eat? common man there are 40k agents in the country... do they plan to just rethrech them like this? and 15k of them like me are full time agents... phew... sob2...

[addedon]May 19, 2009, 12:01 pm[/addedon]PETALING JAYA: Come July 1, car owners who buy motor insurance directly from insurance companies without using the services of an agent will qualify for mandatory rebates, a move that could render agents redundant.

The move would see new customers being given a 5% rebate on their insurance if they buy it via channels such as the Internet, telemarketing, direct mailing or by walking into the insurance company. These customers would also get a 10% rebate for renewals in the second year.

In a circular sent to the General Insurance Association of Malaysia (PIAM) dated April 17, Bank Negara said the rebates would only apply to actual owners of the vehicles.

The circular added that Bank Negara had “no objections” to PIAM’s proposal for the mandatory rebates. This is understood to mean that the move would more likely be implemented than not.

Veteran insurance agent Hardyal Singh hit out at PIAM, saying the association did not take the views of 40,000 agents (15,000 of them full-time) into consideration.

“It will clearly affect the livelihood of the agents. Full-time agents hire at least three to 30 employees at their agencies and these people will also be affected.

“Our main source of income is the 10% commission, so the 10% rebate is actually our commission being given to the customer. It offers no benefit to the insurance company but instead creates a socio-economic crisis by making people jobless.”

Hardyal, who was formerly Perak General Insurance Agents Association president, said he would be forming an ad hoc committee with some larger agents in Kuala Lumpur to speak out more on the matter.

It is understood that the circular was the outcome of correspondence and meetings between PIAM and Bank Negara on the association’s proposals towards self-regulation of the industry.

In the circular, the central bank said the rationale for mandatory rebates was to “promote the promulgation of alternative channels of distribution so as to increase the penetration of insurance to the masses”.

An industry source said the industry was heavily regulated, especially towards the ability of insurance companies to reward agents, and that PIAM’s proposals were for Bank Negara to allow some self-regulation.

“When Bank Negara came back to the table, it seemed that they were saying if insurance companies were willing to reward agents, then they could also provide this benefit to policyholders.”

The source added that the central bank’s move could be seen as a way to reduce the number of part-time agents but said full-time agents would now have to work harder and think up new ways to get business.

Consumer advocate Billy Toh said he was strongly against the move as he felt that agents could still play a role by explaining the insurance policy details to customers.

However, Federation of Malaysian Consumers Association secretary-general Muhammad Sha’ani Abdullah said “the move would reduce the opportunity for agents who try to get customers to buy other types of insurance together with motor insurance.”

PM Public Select Alpha-30 Fund...

balwr — Tue, 07 Apr 2009 21:49:50 +0800

hi guys, i am a newbie to ut and i havent invest so far in ut... my agent suggested that i invest in the new fund launched today which is the Public Select Alpha-30 Fundpriced at 0.25 cent or either the public mutual china select fund which is currrently aroung 0.14 cent... what are your views? is now the correct time to venture into ut or just leave our fund kiv 1st and see what is the market situation this year what is has to offer? thax a bunch...

hsbc powervantage plus...

balwr — Fri, 20 Feb 2009 22:10:36 +0800

hi guys... i would like to clarify some matters regarding to the above mentioned account from hsbc which is the powervantage plus... basicly this is an 2 in 1 account whereby 50% savings and 50% investment for the money u dump in... min its 300 per month it seems and they have 500 and 1000 package as well... tenor is 3 years or 5 years... so for instance the 300 monthly u bank in, 150 will go in to saving the the other half into investment... the return rate for savings is the 1 month fd rate which is currently at 2.50% and the investment which is not capital protected rate return is projected at 6.00% per annum... so i would like to clarify the savings return rate because the bank staff confirm 3 times with me it is 2.50% monthly and not per annum... probably those who have this account can give me a clear picture... the promotion for opening this account will end on june 2009... so anyone has open or interested to open this account? whats the pros and cons? letz discuss... thanx a bunch...

raj

cimb opportunistic bond fund...

balwr — Wed, 04 Feb 2009 16:20:09 +0800

hi guys... basicly i am a newbie in this forum and i am kind of interested in this fund for short term investment which is 3 years... i need to clarify the application fees and yearly management fees something because i havent bought a bond fund so far... perhaps those sifu out there can give me some rough idea... thx a bunch...