*Edited for some SAKE of “unhappy” readers.*
Dear all, those of you who “reads” and “watches” news these past few days, and also on9 reading, that AIG is in Crisis time. Well, That’s just United States AIG, and it’s only 1 of the “SMALL”, “minor” problem in one of the shares that AIG has invested in.
Just to let you all know, AIA Bhd. is a locally incorporated insurer, with more than 96% of its total assets invested in Malaysia. Insurance policies underwritten by AIA Bhd. are direct obligations of our business, which is subject to stringent local regulatory and capital requirements as prescribed by the Insurance Act 1996 and Regulations under the close supervision of Bank Negara Malaysia. AIA Bhd. is well-capitalized and we maintain separate reserves in Malaysia in line with the regulations, to meet our obligations to out policyholders.
Given our six decades of market experience, (AIA Malaysia etablished since 1948), we are CONFIDENT of both meeting the growing needs of all Malaysians continuing to be the leading provider of insurance and financial services.
Besides, for those who reads the newspapers or heard the news 2 months ago, AIA Malaysia has BEEN LOCALIZED. Therefore, we are under BANK NEGARA, not AIG of US, HONG KONG, AUSTRALIA, RUSSIA, INDIA, and so on.
But then, some “STEWPIT” country, (censored due to some *unhappy* readers) who think they are so proud, so smart, so clever, so LCLY, go and MASS advertise, MASS news, MASS reporting, saying that AIG is going to go BANKCRUPT!!!! And, this is what happened,
Sigh… they are SUPER KIASI!!!!!!!!! They think they are so smart. Don’t they realised, after so many years of paying premiums for their insurance, for future, for their retirements, children’s educations, savings, and so on, just because of small little down fall of ONE of AIG’s Share, they want to surrender, cancel and even hate AIG. All i can say is……… KIASI and SWEAT!!!!!!!!
Do you know that, AIG has 1 Trillion, “TRILLION i tell you”, Worth of Assets in the whole world? this is just a small liquidity from 1 of the small shares that AIG doesn’t have the time to “cash” pay, that’s all.
It’s like for example, you own 5 houses, each of them worth 1 million, at least. Now, suddenly 1 of your love ones are admitted to hospital, and you need the emergency money to pay the hospital bill, well, you don’t have “Cash-in-hand”, but you have these 5 ASSETS, can you change these into money to pay the hospital bill, in 2 to 4 days???? The Answer is DEFINITELY no right?????
Well, this also goes for our U.S. AIG, they have 1 Trillion worth of Assets, but, they don’t have the “cash-in-hand” to pay out the money to the Stock/share Market in 2 days. Surely, they will have to ask the Federal Government to help, loan money to them. It’s not that AIG has no money, but they can’t change their assets into CASH in a Short TIME.
Well, anyway, thanks to the *********, Johor Bahru is slightly affected by it.
The 1st picture is taken in the Morning, while the 2nd picture was taken in the afternoon. See, compare to Singapore, this is nothing. Normal customers, clients been affected and they got worried. Some ppl go and tell the JB ppl to surrender their policies, because AIG going BANKCRUPT!!
CRAP!!! CRAPP!!!!
Thanks to our Agency Leaders, they worked together, to help AIA JB to lessen their burdens.
Planning Strategies, on how to explain to the customers in the BEST and easiest way. KISS!!! Keep It Short and Simple!!!! Of cause, their agents also came and help.
1 counter in front of the Customer Service Centre to direct those “dissapointed”, “worried”, “scared”, and sometimes, “angry” customers to 1st floor whereby the experienced Leaders and Agents are there to help explain, and share the informations with these Clients.
We even provided REFRESHMENTS to help “cooldown” the clients. =)
More and more customers came, and I tell you, I was there, OUT OF 10 customers, 9 went back home with a SMILE on their faces. SERIOUS!!!!!!! The Agency Leaders and Agents has done a Great job. The Whole Malaysia, only Johor Bahru is facing this problem, and not even Batu Pahat or Kluang.
We are even on the NEWSPAPER today. “TONG FANG” newspaper. =) *for those who doesn’t know Mandarin, the BIG RED WORD says, “AIG STORM, MALAYSIA AIA NOT AFFECTED!!!!”
Inside the mandarin paper said of that i have shared above, that the JB Agencies came out to help the AIA, opened booth, counters to help the clients to solve their problems, and even provided refreshments for the clients. 9 out of 10 clients went home with a smile and satisfied feeling in their heart. =)
In conclusion, please do not worry of this AIG CRISIS that has happened in US. THE FEDERAL GOVERNMENT has agreed to help AIG by lending out 85 BILLION to AIG.
Now, for those who read the foreign news, LEMON Brothers has gone bankrupted, US Alliance INTERNATIONAL BANK, also gone, and U.S. CITIBANK is next in line NOW, BUT AIG has WON over this FIGHT of CRISIS, even though the US CRISIS is still far from over, so, I’m just going to ask you 1 simple question,
Do you want to buy Insurance or protection from a Insurance company that, NEXT in line, that might be their TURN to be hit by this CRISIS STROM and may not survive, or you want to be protected by a ALREADY COMFIRMED, SECURED, and STANDING STRONG COMPANY, like AIG?????? You Choose. =)
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