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Thread: All AIA insurance policy holders come in...

  1. #21

    Default Re: All AIA insurance policy holders come in...

    Quote Originally Posted by erictan8888 View Post
    i have 2 policies leh... wow lao... xian....
    the non guaranteed returns also get affected right ?
    are we guaranteed that the policy is going to continue as usual or what ?

    what are most policyholders doing ?
    Guaranteed benefits will continue to be guaranteed. Non guaranteed benefits are normally backed by higher yielding assets such corporate bonds, equities or real estate. So even if AIG goes bust, as long as the assets backing the non guaranteed benefits continue to perform, you will still receive your non guaranteed benefits.

  2. #22

    Default Re: All AIA insurance policy holders come in...

    Quote Originally Posted by zj2000 View Post
    You don't have to worry, these sort of guaranteed yield products are backed by bonds with high ratings (normally AAA to AA). The bonds are held in a separate account for the policy holders. They belong to the policyholders and cannot be touched by the liquidators.
    To a certain extent I can see your point. But honestly, i was told there are many ways to shift funds within the structure to make it not look too hollow. My family members invested quite a fair bit of hard earned cash meant for retirement. Only one relative who is a banker refused the deal as he is into fx trading. He said he had a hunch as he saw banks collapsing.

    Anyway, nothing much can be done now. Lets all hope for the better.

  3. #23
    Moderator ortega's Avatar
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    Default Re: All AIA insurance policy holders come in...


  4. #24

    Default Re: All AIA insurance policy holders come in...

    Quote Originally Posted by contaxable View Post
    To a certain extent I can see your point. But honestly, i was told there are many ways to shift funds within the structure to make it not look too hollow. My family members invested quite a fair bit of hard earned cash meant for retirement. Only one relative who is a banker refused the deal as he is into fx trading. He said he had a hunch as he saw banks collapsing.

    Anyway, nothing much can be done now. Lets all hope for the better.
    Not really, MAS is very strict with regards to this. it is important that the insurer or bank writing the product hold assets that are suitable for the type of liabilities it has. In the case of guaranteed yield plans, suitable assets would mean assets with low risk of default. Even if they chose to move the AAA bonds elsewhere it has to replace them with assets with similiarly low risk of default.

  5. #25

    Default Re: All AIA insurance policy holders come in...

    Also I read that total assets of AIG exceeds it's total liabilities by 70+ billion. What's happening now is just a short term cashflow problem. Hopefully it will be able to pull.

    AIG stock was trading at $1.4x a few hours ago, as compared to $50+ dollars 1 - 2 years ago..... I'm really glad I'm not holding any AIG stock.

  6. #26

    Default Re: All AIA insurance policy holders come in...

    Quote Originally Posted by zj2000 View Post
    Also I read that total assets of AIG exceeds it's total liabilities by 70+ billion. What's happening now is just a short term cashflow problem. Hopefully it will be able to pull.

    AIG stock was trading at $1.4x a few hours ago, as compared to $50+ dollars 1 - 2 years ago..... I'm really glad I'm not holding any AIG stock.
    that is a hefty drop in share pricE!

  7. #27

    Default Re: All AIA insurance policy holders come in...

    Buy their share now??? Anyone...
    Canon 30D, G11, 50 f1.8II, 10-22 f3.5-4.5, 24-70 f2.8L, 70-200 f2.8L IS, EX580II

  8. #28
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    Default Re: All AIA insurance policy holders come in...

    Scarry leh.. I have invested a big sum from my CPF in AIA leh. Should I terminate and get back whatever I can?

  9. #29
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    Default Re: All AIA insurance policy holders come in...

    Quote Originally Posted by DeSwitch View Post
    Scarry leh.. I have invested a big sum from my CPF in AIA leh. Should I terminate and get back whatever I can?
    hold and see.

  10. #30
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    Default Re: All AIA insurance policy holders come in...

    err on the side of caution?

  11. #31
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    Default Re: All AIA insurance policy holders come in...


  12. #32
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  13. #33
    Member/Tangshooter falconite's Avatar
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    Default Re: All AIA insurance policy holders come in...

    Thanks Zplus for the links.

    The Giant stumbled but seems like the giant will not be allowed to fall, yeah Federal need to step in on this.... Actually many parts of the world including Singapore are waiting for a break to cash-out on their investment, which is a commitment for a period of time and stripped them of liquidity. News as such break... regardless of MAS advise and despite the assuarance... still get many to run to the insurer. More like an excuse ... afterall the commitment was made so many years ago..

    Cash out before the maturity only makes insurer happy... sum is lower than their commitment. Let's see where this will bring us to.. in anycase.. the global economy is shakened.. keep watch.
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  14. #34

    Default Re: All AIA insurance policy holders come in...

    To invest anot ?
    Be fearsome when ppl r greedy n be greedy when ppl r fearsome .

    Saw it in a book ...

  15. #35
    Moderator sebastiansong's Avatar
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    Default Re: All AIA insurance policy holders come in...

    Quote Originally Posted by scubepro View Post
    To invest anot ?
    Be fearsome when ppl r greedy n be greedy when ppl r fearsome .

    Saw it in a book ...
    you are quoting Warren Buffett

    http://www.forbes.com/lists/2006/10/C0R3.html
    Prefers his investors to buy equities only after careful analysis. "If they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful."

    this is not a market for the faint hearted..
    Last edited by sebastiansong; 17th September 2008 at 04:32 PM. Reason: additional info

  16. #36

    Default Re: All AIA insurance policy holders come in...

    Last time, when I talk to aia insurance agents, they credit the backing to AIG and how vast and massive the conglomerate was. Now, they say they not linked at all as they are totally separate entities.

    This is a trademark of bamboo diplomacy - formerly used by the Thai.

  17. #37

    Default Re: All AIA insurance policy holders come in...

    Quote Originally Posted by contaxable View Post
    Last time, when I talk to aia insurance agents, they credit the backing to AIG and how vast and massive the conglomerate was. Now, they say they not linked at all as they are totally separate entities.

    This is a trademark of bamboo diplomacy - formerly used by the Thai.
    they are trained and programmed to say to clients from their " training notes "

    come on, the money earned from those policy sales are huge ! who dun want ?

  18. #38

    Default Re: All AIA insurance policy holders come in...

    Quote Originally Posted by zj2000 View Post
    Not really, MAS is very strict with regards to this. it is important that the insurer or bank writing the product hold assets that are suitable for the type of liabilities it has. In the case of guaranteed yield plans, suitable assets would mean assets with low risk of default. Even if they chose to move the AAA bonds elsewhere it has to replace them with assets with similiarly low risk of default.
    a bankrupt is a bankrupt. big words cloud the reality.

    policies will turn into worthless paper.

  19. #39

    Default Re: All AIA insurance policy holders come in...

    Quote Originally Posted by zj2000 View Post
    Also I read that total assets of AIG exceeds it's total liabilities by 70+ billion. What's happening now is just a short term cashflow problem. Hopefully it will be able to pull.

    AIG stock was trading at $1.4x a few hours ago, as compared to $50+ dollars 1 - 2 years ago..... I'm really glad I'm not holding any AIG stock.
    wats the point of holding the empty worthless houses as assets? the pillars and roof tiles cannot pay its debt.

  20. #40

    Default Re: All AIA insurance policy holders come in...

    Quote Originally Posted by Zplus View Post
    This beats all assumptions that AIA is safe.

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