Terminal Bonus cut to nil

Hi Mr. Tan,

You should quote to the press about Z cutting of terminal bonus to 0% somewhere in the early 2000. Sometimes the press is not totally transparent especially when advertising revenue is at stake. Even one of the journalist can be quoted on Z advertisement for a product.

I am surprised that the newspapers did not use Zs cancelling of terminal of bonus as a real example of what can happen and had happened to warn the public about the change of bonus structure.

I was an agent with Z then, I felt that that was downright disgusting, unethical and leaning towards abusive misrepresentation and fraud. I was surprised that MAS actually allowed Z to do that.

I hope you can use this experience to warn policyholder of how vunerable it can be especially when there is no guarantee since the press is reluctant to bring it for fear of losing advertising revenue. I apologise that I cannot identify myself as I still have my friends in Z.

Wishing you the best and thank you for the effort in warning about the repercussions of the change of bonus structure.

Inspire88