Regarding Insurance - Can we change agent?
- Thread starter veronica
- Start date
joeichen
Member
Ya new agent normally dun like to take over old policy.
But if u have some1 u knw u can transfer, some r very willing coz we do buy more in future oso.
CanCanMum
Moderator
veronica babe, u mean change the person handling yr policy rite?
Yes its possible. Juz call up the Customer service to request a form to fill and submit.
Ya but as most mummies said, actually who will want to take old account since they dun earn commission.
Writing in is another option since the company will assign another to take over.
CanCanMum
Moderator
no worh
my current policies (more than 5 years) oso undertaken by a new agent to continue.
dink most insurance companies will automatically assign a new agent once we put up the request. And if i m still not pleased i can still write in to change~:tlaugh:
coz they beri funny oso, assign Agent A to my policies and Agent B to my DH's policies....canx they ustd we stay under the same roof???
wot policy is it? cos if it's not something tt u'll lose out by cancelling or not renewing, jus wait till need to renew then change agent also can de.
So you didnt go to someone you know to buy insurance?no worh
my current policies (more than 5 years) oso undertaken by a new agent to continue.
dink most insurance companies will automatically assign a new agent once we put up the request. And if i m still not pleased i can still write in to change~:tlaugh:
coz they beri funny oso, assign Agent A to my policies and Agent B to my DH's policies....canx they ustd we stay under the same roof???
I want to write in to request but feel paisay for the new agent to take over my account without commission....
Mine is life insurance, not medical and have been paying like close to 2yrs liao..so quite risky to terminate and re-purchase again right??
CanCanMum
Moderator
actually my case was quite different from yours la...coz my agent resigned....so they reassign a new one for me....but apparently they have a group of advisers so the new one will be still under the same group.
but the request for change was done by me coz i want to deal with 1 agent for all my policies and DH's....didnt want to deal with two...
erm....they will persuade u to buy new policies de la....human nature mah...hahhaha~
but no need to paiseh la...coz they oso got their own clients to earn commission from mah.....
CanCanMum
Moderator
my agent last time told me, they actually earn commission for 5 years, not 2 years...after tat considered "matured" coz if u noticed, most life insurance policies only gets cash value after 2 years onwards....guess probably the first 2 years they get most commission out of the policies coz build-up costs....admin stuff etc etc....
pepperphibs
New Member
Pls do not terminate your policies and repurchase again unless its for Hospitalisation and Surgical plans.
Firstly, when u repurchase, you will be buying at your current age ,meaning your premiums will increase and u will also be subjected to a 90 days waiting period for critical illness and also ,provided your health status is good.
For change of agent, it is perfectly alright to request through the customer service dept if you are unhappy with your current agent.
As to CanCanMum's comment on her DH's and her policies being allocated to different agent's, the insurer's will not assume that members of a family want the same agent handling all their policies as there are people who do not like it for their own privacy sake.
Firstly, when u repurchase, you will be buying at your current age ,meaning your premiums will increase and u will also be subjected to a 90 days waiting period for critical illness and also ,provided your health status is good.
For change of agent, it is perfectly alright to request through the customer service dept if you are unhappy with your current agent.
As to CanCanMum's comment on her DH's and her policies being allocated to different agent's, the insurer's will not assume that members of a family want the same agent handling all their policies as there are people who do not like it for their own privacy sake.
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pepperphibs
New Member
If you bought from the same agent from day 1 or if you bought from 2 separate agents but requested for a change in between then will be same lor, if not they won't just allocate based on the address alone
if not wrong you can terminate and re-purchase again, But the new agent will not get any commission from it.
You need not do that. You can just fill up a form to request change of agent.
Usually the new agent will not mind not earning commission from your current policy, but they will recommend you to buy others and establish long term relationship with you.