No to BDO Insurance Brokers and Generali Pilipinas!

[Raikage1]

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Well, fair or unfair, this is the information i got from sources which for me are reliable. I cannot
post the complete details because this is my personal experience from the company.

Whatever info I post here, should not be the basis of all facts! so u hv the right not to listen to
it and that is ur freedom.

This is exactly what happened to me when I invested in countryside bank under the legacy group.
Now i am richer in knowledge , i am sharing my experiences and conclusions.

i think this is unfair to the company kung imo lang i post dire imong concern tapos dili completo ang details. how about more info bro then i will forward your post to somebody i know sa generali. am not from any of the two company but i know a lot of agents working for those companies. and IM NOT an insurance agent. but i do know a little about insurance.

[Raikage1]

What happened d i? I am interested to know ur situation, pls PM me. I am gathering information to support my observation.

mao diay wala jud ko tubaga atong nag email ko unsay procedures to cancel and bawion among nabayad tsk tsk tsk

asa gani ilang office diri Cebu? giahak na lang ani

[Raikage1]

BTW guys magbantay sad ta sa mga smaller banks such as rural bank, the same situation sa Rural bank of subangdaku, it was still in operation while the legacy scam was the headline but eventually
closed down. Before lefacy, bankwise also closed shop about 1-2 years before legacy. So u see the pattern....

[INFRACTION]

my question is, why they can't release the claim whereas BDO is a big bank...? hmmmm just like raikage we need to straighten the facts first

[lorenzoleo]

I'm not a connected with Generial or BDO but I have a back ground in Financial Services Industry. Generali Pilipinas is still controlled by Henry SY I think naa pa cguruy detailed information why ingana. So far ok ra man lagi ang service sa Generali?

People are scammed by Legacy because of lack of Financial Education and that Legacy has no proper investment, it is a ponzi scheme in the first place. Double your money with in 3 years is impossible whether you like it or not. Even equities only gives 12% at average return per anum in long term.

If someone is offering you huge rate of return and offers no risk is not true.
If it is so good to be true then it is not true.

[dhongskee]

I am quite familiar with insurance products, specially life insurance and other products
such as fire and others. I have also tried a lot of companies and no company have caught
my attention other than BDO-Insurance Brokers - Generali Pilipinas, I have a bad experience with this company, instead of assuring that my assets are protected, they duped me and told me
that I cannot claim. I have information that they are trying to stall any payments specially
that they have yet to settle claims in Manila after the flood that destroyed many establishments
there. It has come to my mind that they will intimidate you or brush u aside just so that they
cannot fulfill their promises.

well, the fact that they entered into the risk business should give them some sort of idea that
they are obliged by their promises. Right now, I am very disatisfied on their products and services.
This is one company that I strongly suggest you do not patronize.

unsa man diay rason nganong di man kuno ka maka claim? naa jud na sila valid reason...why?

[lorenzoleo]

BTW guys magbantay sad ta sa mga smaller banks such as rural bank, the same situation sa Rural bank of subangdaku, it was still in operation while the legacy scam was the headline but eventually
closed down. Before lefacy, bankwise also closed shop about 1-2 years before legacy. So u see the pattern....

Based on your statement, bank is not also safe to pool all your money even it has PDIC.
Daghan kog kaila na wala naminaw sa ako advice sa una na dili jud mag invest atong Legacy, until karon wala pa jud ulii sa PDIC. Hurot gud pati ilang retirement kay didto nila gihapak tanan sa Legacy kay dali ra kono ang kita(saun nalang). People never learn if they don't exprience it.
Ang tao ba gusto man gud og easy money.
I better put my long terms savings in a mutual fund or bonds.

List of Stable and reliable mutual funds kay naa baya say mutual funds na kolorum:
Investment Company Association of the Philippines


If you need financial adviser that could assist you if you want to invest into that funds
I could refer you to IMG since they have several stable partner companies that you can choose and they are willing to share you valuable investment and retirement planning concepts. Or PM me.


OT Information: For those who want to know



Source : Philequity Management, Inc.

What is a Mutual Fund?


Source : Philequity Management, Inc.

A Mutual Fund is an investment company that pools the funds of many individual and institutional investors to form a massive asset base. The assets are then entrusted to a full time professional fund manager who develops and maintains a diversified portfolio of security investments. People who buy shares of a mutual fund are its owners or shareholders. Their purchases provide the money for a mutual fund to buy securities such as stocks and bonds. A mutual can make money from its securities investments in two ways: a security can pay dividends and interest to the fund, or a security can rise in value. The fund passes any dividends, interest or profits on the sale of its portfolio securities, less fund expenses, to shareholders in the form of distributions.

Different Funds, Different Features
In the Philippines , there are currently four basic types of mutual funds---stock (also called equity), balanced, bond and money market funds. Bond funds invest primarily in bonds such as treasury notes issued by the Philippine government and commercial papers issued by reputable companies in the Philippines . Having a full basket of only fixed-income securities, bond funds provide capital preservation while maintaining a conservative stance in terms of asset allocation. Like bond funds, money market funds also have a conservative stance since they have a full basket of fixed income funds. The main difference lies in the term of investments of money market fund investments, which is one year or less. Equity funds invest primarily in shares of stock issued by Philippine corporations. The dominance of stock issues within the portfolio positions the fund to attain a more aggressive rate of growth. Balanced funds invest in both shares of stocks and bonds, thereby accessing the growth potential of stocks tempered with the presence of secure fixed-income instruments. Professional fund managers create value for shareholders by providing superior yields within controlled risk exposures. Certainly, expective in both security selection and asset allocation go a long way in ensuring better long-term rewards for mutual fund investors.
At present, there are a total of 22 mutual funds in the country. Six (6) of these are bond funds, five (5) are equity funds, while the remaining ten (10) are balanced funds while one is a money market fund.

Source : Investment Company Association of the Philippines

[Raikage1]

I understand ur point, but the fact is very long kapoy na ug relate and storya, this is just my experience. I have two policies from generali, for example my new car insurance, I got it last year march and then pag-may nabangga-an, I have receipt from BDO, I claimed, they informed me na
wala nila na hatag sa Generali Pilipinas and they are still negotiating with Generali, but first they said na wait for the approval, estimated claim is 200,000 only, maboang ko dugay kaau and approval.

I also have cousins na-affected sa flood and their stocks sa ilang store, selling flour and sugar na
apil basa, and now they still hv yet to hear from the agent and company, insured worth 1.5M, they just told me last last week.

CAp was also a very good company until it failed to settle their obligations, kami CAP mi tanan,
8 children, dugo ug singot sa pag bayad sa parents, my last sister na tungnan sa katong CAP
problem, kami pa gabayad sa USC sa 4 years....and we thot that CAp was sturdy. naa pa gyud refund of premium after 10 year sa availment of the educational plan, makabayad kaha ang CAP kinsa man ang alkansi? Ilad mani....and they want to ilad the people legally! Is there such a thing?
abi-they are powerful and rich man...they can influence the govt. Look at Legacy...walay effect, our govt has no teeth.

my question is, why they can't release the claim whereas BDO is a big bank...? hmmmm just like raikage we need to straighten the facts first

[lorenzoleo]

@Raikage yes I understood your point ug imung na feel, I was also a CAP plan holder before but wala na human kay ni bunkrupt. Dili man gud kaayo regulated ang Pre-Need unlike the Insurance industry na highly regulated jud. Nag uli baya ug cheque ang CAP. Naka dawat nako, then ako dayon gibutang sa akong Mutual fund. Tanawa sa ilang website. Naa may names didto gi lista.

CAP Education tanawa sa ilang website bro basi naa imu name. Look under List of CAP Planholders with Unclaimed Checks

Kasagaran nag bunkrupt kay mga pre-need industries (CAP, Pacific plans, Legacy[which turned out to be a ponzi]). SEC ra man gud ang nag regulate. Unlike sa Insurance kay aside sa SEC naa pay Insurance Commission nag regulate. Kung HMO kay DOH nag regulate.

Note to inform the public : Insurance is not a pre-need. Most people equated or generalize Insurance as Pre-Need which is not correct.

Ayaw lag kabalaka sa imung Generali Insurance, mauli.an ra lagi ka ana nila.

Therefore, everything has it's risk, even our lives is always at risk, we can't predict. Even if we just place our money at home, it is very risky(risk makawat, risk ma gasto tanan). Even we go business it has also it's risk, even we have stable jobs it is still risky that your company will close anytime.

Mao ng para ma spread ug ma minimize nimu ang risk, spread all your investments into several baskets. Para kung ma lugi ang usa, daghan pakag baskets.

[Hackerz]

ka kuyaw aning Generali Oi..

Insurance man unta na sila.. ngano mag stall2x man sila.. tingali la na sila money.. and i thought number 2 ni nga insurance, dili diay?