Made a motor claim for an accident, the adjuster declared the car as total loss. And when i asked what's the claim approved, it turned out to be less than market value of the vehicle. I checked with other insurance company Alliance and Aig the value difference is 3k plus higher than what Tune is giving.When asked how can that be different they said it differs from insurance company. How is that possible when you say you follow market value?You cant just simply say figure and say that's the value of the vehicle. Wheres the data for it? Where are you getting it from? Nothing is justified!! Never use this insurance as a vehicle insurance!! They don't even deserve a star! Facebook made me choose atleast a star
I must say that I am really disappointed in terms of using service of Tune Protect. I sent all documents to make a claim about a month ago and since that I asked few times what is the progress of my claim. Unfortunately no one responded to my e-mails and it looks like I paid the insurance company that doesn't care about the customer. I don't recommend Tune Protect. Please use another insurance provider in the future
I bought my new car 2 yrs back n the car company insured my car with Tune. When it came out for renewal, I went to Tune office (the signboard says Tune Insurance Bhd) n I found the staff there is not actually Tune's staff. They outsourced it to this firm which also sells insurance of other insurers. Then I got a shock. They asked me to go back to the car distributor to renew my insurance. I took the more easy way by going to an insurance company owned by a bank.
I do not hold any shares in Tune now, having sold all my holdings at abt 1.64 (whenever I noticed that whenever the directors giving notice to deal with their shareholdings, there would be huge sellers to bring the price down.
No offense but really poor one-sided analysis from a so called CFA analyst. Why bother writing when it has so little content. Anyone can write this and you dont even need to understand the business.
Why did you selectively use data up to 2016 only, with 0 mention of 2017? How about Q1/3/17 PAT plunged by 50% YoY. That's not relevant even to bring up?
AmInvest Research: "The take-up rate for global travel insurance has since fallen to 11.9% in 1QFY17 from 13.0% in 4QFY16 and 15.0% in 3QFY16."
"To address the decline, the group will be implementing several initiatives in stages. It has already tied-up with AirAsia to bundle its travel insurance with the latter's fair packages under Value Pack, Premium Flex and Premium Flatbed in 2QFY17. On 1 June 2017, the group launched the bundling of its travel insurance with AirAsia's Premium Flex and Premium Flatbed packages. It plans to bundle its air travel insurance with AirAsia's Value Pack by the end of June 2017. Presently, the product bundling is only available for Malaysia and Thailand, the first and 2nd largest market respectively for travel insurance. By July and August 2017, this will be extended to all markets."
Agreed with you Jun Yu. The effect of opt in ruling has badly affected TuneProtect travel insurance . its other general insurance eg motor, I reckon the base has not reached critical mass to be competitive as insurance is dealing with probability and you need a sizable base to spread the risk. I will only add more if it starts to show improvement in travel insurance business. http://m-bagger.blogspot.com.au/2017/05/tuneprotect-can-you-fly-like-airasia.html
when at bottom, no one willing to dispose in fact collecting back. like what happened to airasia. May be 0.50 is the best entry? I do not know. But 1.00 is definitely not my preference price.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Alex Foo
12,594 posts
Posted by Alex Foo > 2017-08-11 10:30 | Report Abuse
i want to support, just that im held back after reading this
https://web.facebook.com/pg/TuneProtect/reviews/