AXA Beli Besi Buruk Business

AXA AFFIN Life Insurance Berhad announced earnings results for half year ended June 30, 2016. For the period, the company reported pre-tax loss of MYR 16.4 million compared to the pre-tax loss of MYR 5.4 million in the previous year mainly due to higher reserves for future policyholders' liabilities required as a result of the movement in MGS rates and higher expenses.

Since 2014 - AXA has launched “Beli Besi Buruk Project’. The objective of this project is to boost AXA’s manpower at any cost to fool AXA Regional Head Office located at Hong Kong. Good money used to recruit industry’s washed-out garbage. Many joined but more left within 6 months after robbing and raping AXA.  

Desperation – AXA is desperate to recruit agency leaders. It is unable to attract quality agency leaders. AXA ended up recruiting washed-out had-been failures from the industry. Agency Leaders that failed in AIA, Prudential, Great Eastern were paid money to join AXA.

Flip Flop - Recruited agencies are subjected to “flip –flop” decision. Terms and conditions change day by day. New terms were shoved down agency leader’s throat. Agency Leader’s unhappy with new terms – were told not to keep the Jamban (shit house) and should leave AXA or take AXA to court.     

Fear Management - Newly recruited agency leaders must (compulsory) attend weekly, monthly meeting and Sin Bin meeting. AXA scolds, humiliates, talk-down and instil fear to extract obedience from agency leaders. Agency leaders who objected to this bullying are threatened with demotion, suspension and termination.

Poor or No Support – AXA offer absolute no support for newly recruited except for contest, contest and more contest. Contest are short term and difficult to qualify. Agency leaders ended up being penalized and pay excessively for the contest. Agency leaders who failed to qualify are scolded with derogatory words and name-calling – Traitor, Penderhaka or Pengkhianat.

Count your finger after shaking hand with AXA. Some of your fingers will be missing. Joining AXA is similar to walking into a death trap. Promises are broken. Guarantees turn into garbage. You are better off joining AIA, Prudential, Allianz, Great Eastern, Hong Leong Assurance, Manulife – Anything But AXA (ABA).