Insurance Quotes Online

Saturday, July 3, 2010

Business simulation game (BEST)

The BEST simulation game gives you the practice to submit a business plan on the pricing and market of four products in a competitive environment. The game is played over 7 days and allows you to submit your business plan for one year daily. The actual time required to be spent is 15 to 30 minutes. You can read more about how to play this game by downloading this Player Guide.

The game can be played for various types of business, e.g. insurance, banking, hotel, airline, manufacturing, retail.

If you are interested to play the game, give your particulars here. I will create a game when there is sufficient players for the industry.

If you have played before, and wish to create a game for several of our friends, send an e-mail to kinlian@gmail.com and give the e-mail address of all the players. Indicate the type of industry that you wish to compete in.

Update:
One insurance company is actively using the game to train its head office and branch managers.

A participant who register through my blog likes the game and wishes to introduce his friends to play the game. I will create a game for his group.
My friend, who is studying in university in UK is organising a game for his classmates.

Low income people and Medishield

A Shin Min journalist asked me to comment on a survey finding that many low income and elderly people do not have adequate health insurance, and that they distrust insurance agents.

My comments are:
1. The low income and elderly persons should be insured under Medishield, which is low cost and can be paid from Medisave.
2. They should be treated in subsidised B2 or C wards to avoid large medical bills.
3. They do not need to buy additional medical insurance or to have unnecessary, duplicate cover
4. The government should open a window period for the uninsured persons to be accepted into Medishield now, without the need for health declaration.

For those who distrust insurance agents due to bad personal experience, they should read my book, Practical Guide on Financial Planning to be educated about health and life insurance, or should attend the educational talk organised by FISCA.

I suggested to the Shin Ming journalist to translate topics from my book into Chinese and print it in a series in their newspaper.

Tan Kin Lian

Large medical bill

My friend's wife suffered from last stage cancer. The private specialist recommended a treatment with an estimated cost of $50,000. Eventually, the total cost increased to $200,000 and the wife passed away. Apart from losing his wife, who was in the mid 50s, he also spent a large sum of money.

I asked him if the doctor had given him an assessment of the chance of recovery after spending such a large sum. He was not well advised. He trusted the doctor to do his best, but it failed.

My observation
It is better to get a second opinion from another doctor, who is not earning the large fee from the treatment. The second specialist does not have any vested interested to recommend a costly treatment that has a low chance of success. The second opinion may cost some money, but is worth spending, to get a better decision.

Tan Kin Lian

Wisdom on how to live life (book 2) - Review

By A. J. Bray "Adrian Bray" (lowestoft, suffolk)

This book is a follow on from the author's first book 'Wisdom on How to live life: Transforming Earth into Heaven. I gave that a 5 star rating and I have done also for this Bk2 with the same title.

Over several years I have bought and read 10's of self help and psychology books in the hope that I could get to understand about how life and human interactions work; I was also interested in reading about our afterlife when we die. To be fair, several have been excellant, for example Eckhart Tolle's The Power of Now, even though it took much concentration to fully understand his message. However, I consider Author Wong's books to be much easier to comprehend and I am a changed person for having read them, such is the impact they have had on me.

I have come to the conclusion that most humans start from the wrong place because 'the world' values happiness through materialism which, in turn, demands economic growth. The first is short term, whilst the latter is not sustainable through finite resources. As this author points out we are spiritual beings and part of the divine; we manifest through the divine and shall return to the divine when we complete each incarnation. He explains reincarnation in a way that makes so much sense. All the points are made in a great conversational style between Guru Harry and Tom. Several overlap from BK1, but that only serves to reinforce the message that we are eternal beings who are interconnected with each other which means the end of competition to be replaced with co-operation, making for a fairer, more satisfying life during our time here on earth.

I consider that everthing written in these books has brought me to the end of my search for the meaning of life and death in a way that no other book(s) has and if I put its teachings into practice it will inevitably lead me to a more peaceful existence. It is my hope that after reading these two books they will do likewise for you too!

Available here.

Poor service from agent

Hi Mr Tan,
My sister-in-law recently wrote in to X to feedback and complain about one of their agents. However, the response from the company was not quite what we expected. Is there anything that you could advise us to do? Or would you be able to post our letter on your website?

COMPLAINT
1. It took X 2 weeks to give me a written reply
2. The reply has not sufficiently given us the assurance that the next agent will be any different from the one that gave us an appalling experience.
3. It still does not answer the questions posed with regard to how your agents are trained, and what kind of action you will be taking.
4. X did not take this feedback seriously and did not call to verify what happened
5. The agent did not bother to call the policyholder to apologize.
6. It seems that this sort of behaviour by the agent is encouraged by X.