ravee menon

Good commentary but sentiments aside - there is ZERO justification of the deal in terms of the go forward strategy and what Allianz brings to the table. The structure of the deal in and of itself is appalling - Allianz as majority shareholder will be calling the shots period. All this deal does is for shareholders to cash in on their chips- there are other mechanisms to allow this to happen instead of selling Income. Income - stay home, remain local and look after the insurance needs of all Singaporeans - you can do it as there is enough talent and capital in our country to help you to do what is right.

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🌟 Rising Insurance Premiums: A Wake-Up Call for Indian Healthcare and Insurance Industry! 🌟 Malaysia is grappling with skyrocketing insurance premiums, with insurers blaming rising hospital costs and claims. 🏥💸 But a deeper look reveals a systemic issue: the same procedure costs nearly double when billed through insurance compared to self-paying customers! 🤔 This brings us to India 🇮🇳—are we facing similar challenges? Let’s unpack: 🔹 Rising Premiums: Families are struggling to afford health insurance renewals due to increasing costs. 🔹 Inflated Hospital Charges: The gap between cash-paying and insured patients' bills is a concern, hinting at unethical pricing practices. 🔹 Systemic Risks: If unchecked, this could lead to delayed treatments, canceled policies, and eventually a broken healthcare ecosystem. 💡 What needs to change? ✔️ Transparent and standardized pricing for medical procedures. ✔️ Stronger governance and accountability from both insurers and hospitals. ✔️ Innovative, customer-centric products that ease affordability. ✔️ Collaboration between stakeholders to fix systemic inefficiencies. This isn’t just about healthcare or insurance—it’s about sustainability, ethics, and governance. 🌍 If we claim to be customer-centric, why are families left struggling? 🤷‍♂️ It’s time for a collective rethink to ensure healthcare remains accessible, affordable, and ethical for all. 🛡️ What are your thoughts? Are we heading towards a similar crisis? Let’s discuss! 💬👇 #Healthcare #Insurance #ESG #CustomerCentric #Strategy #India #Innovation #Sustainability

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There is so much controversy now with medical expense inflation in the Malaysian insurance industry. At the heart of this is buffet syndrome in that we pay a fixed amount (premium) so we eat the expensive food first (ie we get a lot of expensive tests)- Zainal #medicalinsurance #malaysia

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🔍 Exciting News! Embrace the Digital Era with E-Insurance Accounts! Insurance is stepping into the digital realm! Starting April 1, 2024, all insurance policies, be it life, health, or general, will be issued in digital online form, known as E-Insurance Accounts (eIA). Let's dive into the benefits and the simple steps to open one: Benefits of E-Insurance Accounts: 1) Free Account: No charges for opening the account. 2) Paperless Process: Say goodbye to stacks of physical documents. 3) Unified Management: Handle all your policies under a single account. 4) Effortless Updates: Update your details across all policies with a single request. 5) Premium Alerts: Receive regular reminders for premium payments from all insurers. 6) One-time KYC: Complete your Know Your Customer (KYC) process just once. How to Open an eIA: Step 1: Choose any of the preferred insurance repositories and download the eIA opening form: - NSDL Database Management Limited: https://lnkd.in/g7Ri-TbU - Central Insurance Repository: https://lnkd.in/g-GfQ4EP - Karvy Insurance Repository Limited: https://lnkd.in/gguwRA_E - CAMS Repository Services Limited: https://lnkd.in/gV-z8wge Step 2: Fill out the form and submit it with KYC documents to the nearest approved person or branch. Alternatively, submit online at https://lnkd.in/gU6rnvDT). Step 3: Once verified, your account will be created within 7 days. You'll receive an e-Insurance Account number and login ID to set your password. You can also complete this process online through the respective repository's website. **Documents Required:** - Recent photograph - PAN card - Date of birth document - Identity proof - Address proof **Converting Existing Policies:** If you already have policies and want to convert them to E-Insurance Accounts, simply fill out the Policy Conversion Form https://lnkd.in/g9Y__QT4 and submit it along with the e-Insurance Account Opening Form. Embrace the convenience and security of E-Insurance Accounts today! 🚀💼 #MoneyVsMe #InvestmentPlan #MutualFund #FinanceTips #LifeInsurance #HealthInsurance #Insurance

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In Indonesia, roughly half of who is considered insurance literate ended up buying the product, while leading insurance players’ current operations are concentrated in few major provinces. Those nuances are hard truth the market is facing and it calls for solution from every stakeholders so the growing population and economy of Indonesia could get the protection they and their family deserve. It was a pleasure to speak with Yashish Dahiya, Co-Founder of Policy Bazaar & Group CEO at PB Fintech, and Roopa Malhotra, Head of Customer & Digital, Asia Pacific at Zurich Insurance and discuss how various stakeholders can work together to close protection gap in our region through multi-faceted approach that involves education, government support, industry innovation and consumer awareness. You can watch the full episode below… #insurance #protectiongap #innovation #emergingrisks #insuranceawareness #ZurichInsurance #ZurichIndonesia #ZurichTopasLife #createabrighterfuturetogether

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How to Become an Actuary in Malaysia?

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"Insurance is a scam". I was once being shouted in my face, saying that all insurance was a scam. It was harsh and heartbreaking. It is painful to acknowledge, but there has always been a negative perception of insurance, especially regarding insurance advisors. We can't blame them, though. Everyone has the right to their opinion as it stems from personal experiences. Perhaps they've had bad experiences with insurance in the past. This is a topic of discussion within our team too. I remind my team, we should never take offence to people's ideas of insurance. Instead, we strive to make a difference by providing professional services. We focus on how we can help clients gain understanding and how we can help tailor solutions matching their needs. Of course, insurance can never be a scam. Insurance companies in Malaysia abide by the rules and guidelines set by Bank Negara. Every single new financial product has to be vetted and audited. Over the years, Bank Negara has raised the standards and barriers to professionalize the industry. More exams and regulations are in place to attract professionals. It allows clients access to knowledgeable advisors and hopefully, change their thoughts about the insurance industry. Having been in the insurance industry for more than ten years, I've learned that negative perceptions do not reflect reality. Our goal is to serve our clients to the best of our ability and remain confident in the positive changes happening within the industry. What's your opinion about insurance?

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Relax, take it eaasyy (with MIKA’s song in my head) As the song still lingers in my head, I was asked about this topic during a discussion. How can we improve the result of our works the fastest? For the outcome to be perfect? Some people might have high expectation that, after they have completed their tasks, assignments as well as projects, the outcome will be as perfect as they imagine it would be in just a short period of time. Sometimes that is not the case, and left them feeling demotivated afterwards. It is totally normal. We are humans after all. We all make a lot of progress along the way, be it small, big or significant progress, but the total time taken for our work result to be perfect should not be the bench mark of our capabilities. Success does not come all at once, most of the times success comes in stages by stages in a matter of years of hardwork and progress. Every Master was once a beginner, every Pro was once an Amateur. So take your time and believe the process!

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Sharing some comparision on word phrases used in takaful and similar or near by meaning in conventional insurance. These are basis my understanding consolidated. #takafulVSconventionalInsurance

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All my heartfelt support for the amazing people of Lao PDR. It’s amazing to see the solution we worked so hard on last year working to support so many people & their communities. This demonstrates the real value of the insurance industry & the vital role we play in people’s lives. #seadrif #parametricinsurance #riskmanagement

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Dear friends, Traditional jobs are now officially a thing of the past. Whatever your hands touch as work, as long as it's legal, do it as if your life depends on it. This message goes out to the 1m+ jobless graduates. If you have a certificate turked away somewhere in your suitcase at home, that is the 'stuff in your hands'. Let the desired opportunity find you already hustling. #whateveryourhandstouch

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Many people ask me this question.  Does my health insurance policy cover OPD expenses? Short answer is NO. And this usually disappoints many people. Let me explain why it is so. What is the purpose of insurance? To indemnify you against the financial losses occurring from uncertain yet impactful events. In simple words, it means that your insurance company takes care of the financial losses you incur in case you find yourself in the face of an uncertain adverse event. Coming to your health insurance policy, what should it ideally cover? Insurance works on the principle of pooling of risks where those who do raise claims subsidise for those who do. For this to work efficiently, a few conditions are to be met. A lot of people with similar risk profiles come together, each paying a small yearly premium. In return, the insurance company pays the cost of treatment, which is a huge amount, to only those who need it. And this arrangement can work efficiently, a few conditions are to be met. 1] Premiums are small.  2] Coverage provided is huge 3] No one knows who exactly would need the benefit, neither the insured nor the insurer. And you get indemnified against any big medical expense which can otherwise burn a hole in your pocket. Now think about OPD expenses. OPD visits and expenses are more or less planned for those suffering from long term illnesses. The expenses are small and recurring in nature. So if you and your insurer know in advance that you are most certainly going to make a claim of a certain amount, the premium your insurer is going to charge you would not remain small. In fact the premium which you pay for OPD expenses would be the same as coverage provided which would not make much sense. One thing which a good health insurance plan should cover is all the costs related to treatment in case you fall sick and need hospitalisation. The chance of this happening in a year is small but when it happens, the financial impact could be big, So ideally, there should be no compromise here. This cover should come without any restrictions or limitations. These days health insurance plans come with a lot of fancy features (including OPD expenses) to catch the public eye. While these are good to have features and add some value, things only make sense when your policy covers the basics straight. So when you are evaluating a health insurance plan, first see if the basics are covered. #healthinsurance #indemnity # simplifyinginsurance

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top up your health coverage with the superlative super top up. enhanced coverage that does not burn a hole in your pocket.

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🌟 Client Success Story: Bhun’s Journey to Recovery 🌟 💬 “Since I am almost fully healed from my knee injury, I just want to thank you for supporting me from the moment I was admitted at KPJ until my full discharge. Bhun also wants to thank you for making the claim process easier and faster!” — Bhun, my client ✨ A few months ago, Bhun faced a challenging knee injury that required surgery and extensive physiotherapy. Navigating hospital admission and handling medical claims can often add to the stress, but I was there for him every step of the way. From his admission to KPJ until his complete discharge, I ensured that everything was handled seamlessly. Not only was Bhun able to focus on his healing, but he could also trust that his claims were managed swiftly and smoothly. 🛡️ Helping my clients access the medical care they need without worrying about the paperwork is what I do best. Your health comes first, and I’ll take care of the rest! 🤝 Thank you, Bhun, for trusting me with your journey to recovery. I’m so proud to be part of this chapter in your life. 💖 📲 If you’re looking for personalized, comprehensive support for your financial risks, feel free to reach out. Whether it’s for medical claims, wealth building, or future planning, I’m here to help! #ClientTestimonial #wealthplanning #MedicalClaims #WealthAdvisor #ERAAgency #LifeWithSham #coachsham #HealthProtection

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Ever wonder why people pick certain insurance plans over others? It's not just about price. Let’s break down what really influences these decisions and how digital channels play a major role. 1. Personal Needs and Priorities First off, everyone has different needs. A young professional might look for basic health insurance, while a family might prioritize comprehensive coverage. Understanding these unique needs helps insurers offer tailored plans that resonate more with specific groups. 2. Trust and Brand Reputation People lean towards brands they trust. A company with a strong reputation, positive reviews, and good customer service will always have an edge. Digital channels amplify this by making reviews and ratings easily accessible. 3. The Power of Information In today’s digital world, information is at our fingertips. Potential customers often do a lot of research online before making a decision. Websites, blogs, and social media provide a wealth of information that can guide choices. 4. Convenience and Accessibility Digital platforms make it easier to compare different insurance products. Online tools and calculators help consumers understand what they’re getting and at what price, making the selection process more transparent and straightforward. 5. Peer Influence Social media plays a big role in influencing decisions. People often look to friends and family for recommendations. Positive experiences shared online can steer others towards a particular insurer. 6. Personalized Marketing Digital channels allow for highly targeted marketing. Insurers can reach potential customers with personalized messages and offers, making marketing efforts more effective and relevant. Understanding these factors can help insurers better connect with their audience and offer products that truly meet their needs. #Insurance #DigitalInsurance #MetlifeGulf

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A fascinating post by Leslie W. with a fresh perspective with supporting data and insights. It’s interesting to see what is happening when you look at policies versus premium showing there is opportunity to offer simple products successfully online. This is very encouraging as the potential to grow not only the premium pool but the number of customers. It presents a fantastic opportunity for lead generator for cross-sell and upsell by tied agents/advisors at a later date when the customer needs change or become more complex. The attached paper from BCG lays-out the role digital can play in the omni-channel world. It will be inteteresting to see other countries data in Asia on policy count sales by channels and whether this growing. Also a comparison of the products being offered for markets doing better in digital versus those that are not. https://lnkd.in/gQUfuy_Q

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