Archive | April, 2013

Compare Health Insurance (Part 2)

17 Apr

“Education is the most powerful weapon which you can use to change the world.” – Nelson Mandela –

I may not know Nelson Mandela really well, but I do share the same view and believe that education is the only way to change the world. I’ve met some people through my insurance business and I have met so many people who refuse to take insurance because THEY BELIEVE that insurance is a fraud business. THEY BELIEVE that all insurance agents are cheaters. As a newbie, it was quite shocking to found out that they have hold this believe for more than 10, 20 and some even 30 to 40 years.

It is not my job nor my interest to change their belief. All I want is for them to help themselves and their family, by lending their ears and open their mind to accept the correct information about insurance, to know how it works, how it can keep their children to reach their dreams, how it can help bereaved spouse to build their life back, how it can maintain your lifestyle when you are unable to work and how it can support your retirement time. I want them to know that in this modern world, insurance is nothing but just an ordinary tools that is able to protect their family from financial distress when life risks happen.

Though I say ordinary, it is actually extra ordinary. How extra ordinary? Let’s read this article posted at Kompas newspaper on 30th of December 2012.

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Continuing from my previous post about stretching your dollar further, how much do you think it cost to get that medical benefit of 800million rupiahs? If you are 60 years old, it will only cost you Rp.43.000.000,00, taken from your savings to pay the premium in order to receive that medical benefit of Rp800.000.000,00 (your insurance pay that amount).

Once you are sick and get hospitalised, when the hospital asked you to pay the bill 800 million rupiahs, YOU HAVE TO PAY THE BILL NO MATTER WHAT! While some people prefer to cash out their deposits, take out their savings, borrow from their neighbor/boss/family, sell their car/gold/house, some other people are lucky enough to have insurance that pays everything AS CHARGED like that lucky woman above.

Sounds like fraud? I hate to tell you this, but that woman just BUY AN INSURANCE PRODUCT and she get what she pay for : Medical Cover AS CHARGED, a life insurance cover and a peace of mind ^_^ 

Steviani, CPA, CFP®, 2013 Sequislife ICON, MDRT.

 

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Compare Health Insurance

15 Apr

Almost 4 years now, living back in Jakarta, Indonesia. For the past 3 years, I’ve spent quite some time comparing many health insurance product for individuals. Most of them are similar in terms of benefit, though if you compare some are obvious enough not a good bargain in the market . Unfortunately, some people in Indonesia are either don’t really care about what they spend their money for or… maybe they just don’t have the time and resources to compare before they buy.

I’m pretty sure that almost everybody, will compare prices before they decide to buy gadgets, bags, cars, houses, golds, etc. Every smart people will do their homework before they decide to buy another assets.  However, i found that in particular about life and health insurance for individuals (not company), some people tend to just buy whatever insurance agent told them without doing their homework prior nor checking the validity of whatever the insurance agent claims as the benefit they will receive.

I am an insurance agent my self, though my parents and relatives are not really proud of it, at least I’m glad to know that I am different from the insurance agents they knew back in the past. I am not a big star but I am aiming to change the face of life and health industry in Indonesia. We’ll see how it goes along the way.

Now, let’s start by checking this out:

1. Have you got a health insurance? YES / NO

If you have, good on you! By buying a health insurance, it means you have stretch your dollar or rupiah further.

What do I mean by that? Let see if you can understand my explanation. I present to you 2 cases.

First one is about my cousin. He was 16 years old at that time. He borrowed his friends motorcycle, play with it and a little bump make him lose control and get thrown off the motorcycle. Hit a parking car, faint and got hospitalised. Doctor said he got internal bleeding because his ribs were broken, it punctured his internal organs and he also broke his legs. He can’t move, can’t walk.

Few months after, he started to walk and eager  to go back to school, even though he is still having a hard time walking with crutches. His face was beaming with joy to finally be able to see his friends. One evening, he got a fever, his mother told him to take a Panadol and try to sleep. Not long, he started shaking and his mom straight away took him to the hospital. He got infections from the previous injuries. He passed away soon after that. He was just 16, and he is the only child. His mom sold their only house to cover all of his medical expenses which cost around half a billion rupiahs (Rp.500.000.000,00), he didn’t know about it.

Second one is about my uncle. He is still alive, he got 5-6 stents in his heart and was doing it in Singapore, spent about S$35,000.00 ( thirty five thousands Singapore dollar). His health insurance pay for all of his medical cost and how much is the cost for him? For all of that, the cost was just around 20-30 million rupiahs at that time.

From the two cases, I hope some people now understand what it means to stretch your dollar/ rupiah further.

To put it simple, which one you choose :

a. Pay the hospital the sum owed, full amount with your savings money and other assets which can be sold.

b. Pay the hospital the sum owed, full amount with your insurance money.

Once you are sick and get hospitalised to receive treatment, you have to pay the bill no matter what. Health Insurance won’t make you healthy, but at least it protect you from financial breakdown afterwards.

Steviani, CPA, CFP®, 2013 Sequislife ICON, MDRT.

 

 

 

 

 

 

Money for everything

13 Apr

As i wrote this, i still read many articles on local newspaper like Kompas, writing almost identical stories almost every week. Talking about Jakarta, their current issues are about flood, never ending corruption stories, murders, theft, rapes, traffic jam, bad public transport, etc. Well, in Jakarta, every day, those issues are always current issues, from day 1 to day 365 or 366.

I always read all those stories with much interest. At least those are stories that catch my interest when I open up the newspaper. With so many issues happening every day, it make me wonder whether the law enforcement in this country actually works? If you can hire the police to do whatever you want, like guarding your event, give way to your bus if you want to go anywhere for any event you want, no wonder we never feel safe living in this country. Money is the only thing that makes the police works. Though I have met some decent police who don’t ask for money but apparently if you get caught the only way out is to give that green, blue or red paper bill.

Once i ever got caught by a police and the police without a name tag are stopping me and said, ” Do you want to solve it here or get a fine?”

I was like “What? What was my mistake?”

He said ” You shouldn’t turn left when the red light is on.”

I said “Okay, though i see everyday that every single car was doing it and i thought it was okay, apparently i’m wrong.”

He then asked me again ” Do you want to solve it here?”

I’m pretty sure i got pissed when he asked me the second time so i was like ” Sir, if I am making a mistake then give me a fine! Why are you keep asking me to solve it here? What is your name?”

He got angry when i asked that, very funny, he said “Why are you asking my name?”

I said, “Because it seems you keep pushing me to solve it here and i’m afraid that you are going to give me more trouble, so i hope you don’t mind that from now on, i will record all of my conversation with you as my evidence. So, i hope you don’t mind to start by telling me your name because i don’t see your name on your uniform.”

He stepped back, away from the car to get a fresh air apparently and come back with a calmer tone, saying “Mam, I am stopping you because you are not suppose to turn left when the light is on and yada yada yada…”

He was giving me the fine on the spot afterward and confiscate my driving license.

I told a friend of mine that i’d rather pay the fine because it will go straight to the government.

Few days later, i got my driving license back and my driver who collect it for me said that he paid Rp.135.000,00 to get that license back. He told me that he got a discount and that person he paid is not a cop, that person he paid got to bribe the police to get my driving license back.

In the end, lesson learned, they said it is cheaper to just pay the police on the spot than go thru the hassle of going to the police station. Indonesia, you still got a really longgg….. way ahead to get down from that top rank of the most corrupted country in the world.

Steviani, CPA, CFP®, 2013 Sequislife ICON, MDRT.

 

ICON Night

11 Apr

3rd of April 2013, JW Marriott hotel were full with Japanese girls in their beautiful kimono. Cherry blossom trees are everywhere and the rooms are coloured red with lots of origami crane, paper umbrella and lampions.

That special day was Sequislife ICON night, going full Japanese style this year. It was a night where ICON of Sequislife gather to celebrate their 2012 achievements.  To be a member of Sequislife ICON in 2013, they must have a production minimum of Rp.770.389.180,- in the year 2012.  On that night there were 61 ICONs being rewarded, which all of them are qualifying member of MDRT (Million Dollar Round Table) and their productions are well beyond the ICON requirements. Simply said, they are the best producer of Sequislife.

In 2013 there are 124 listed Qualifying MDRT members from Sequislife (based on 2012 productions). The 2013 minimum requirements to be a proud member of MDRT from Indonesia, based on 2012 production is Rp.531.666.000,-  or earn a minimum commission of Rp.265.833.000,-.  Founded in 1927, the Million Dollar Round Table (MDRT), The Premier Association of Financial Professionals, is an international, independent association of nearly 38,000 of the world’s leading life insurance and financial services professionals from more than 450 companies in 79 countries. MDRT members demonstrate exceptional professional knowledge, strict ethical conduct and outstanding client service. MDRT membership is recognized internationally as the standard of sales excellence in the life insurance and financial services business. http://www.mdrt.org

Sequislife as a prominent life insurance company in Indonesia is providing a full range of best life insurance product in the industry. At the ICON night, the 2020 vision of Sequislife was announced, that is “TO BE THE PREFERRED LIFE AND HEALTH INSURER IN INDONESIA”. To become one I’m sure we need more than great products. More professionals are needed to educate future clients and great customer service to follow.

That’s all my reports for tonight and I hope we can see more ICONs in 2014.

Steviani, CPA, CFP®, 2013 Sequislife ICON, MDRT.