AXA Money Max Saver

Money Max Saver – this is AXA’s life insurance plan. The main attraction is paying 6 years limited premium for more than 20 year coverage combined with so-called attractive rate of return based on the sum assured.

Unreasonable Agent Compensation: When you save with the bank – your principal (or deposit) remains intact. In AXA Money Max Saver – a sizeable portion of your premium (deposit or principal) is being used to pay for its agent’s compensation including commission, production bonus, persistency bonus, challenges, leader’s overrides etc. Look at your policy cash value on the 1^st & 2^nd year. You will be shocked to discover it is less than 50%.

Ridiculous Low Sum Assured: Money Max Saver is not a life insurance plan. It is a saving plan comparable to a bank. The protection (in the event of death) or sum assured is extremely low. Once you pay the 3^rd year premium – the total paid-up premium (3 years) is more than your policy sum assured.

Misleading Guaranteed Interest: The guaranteed interest is based on 8% and 5% of the sum assured depending on the policy year. After the 3^rd policy year – the actual interest rate based on your paid premium (not on your policy sum assured) is less than 3% taking into consideration your money used to pay agent’s compensation.

AXA Agents: Not all agent in AXA are rogue agent. Many are forced to sell Money Max Saver or face being bully by AXA infamous Dictator. Agent who refuses to participate in swindling their customers are threatened, penalized, marginalized and terrorized.

Jumping a Sinking Ship: Hundreds of agents jumped ship from AXA to join better managed life insurer like Prudential, AIA, Allianz, Great Eastern, Zurich or Manulife. Even the staff smells AXA is sinking into a cesspool and jumps to join competitors.  

Customer Complain: If you are not happy with Money Max Saver you can lodge a complaint, return the policy and demand 100% return of your paid premiums from AXA. If AXA is reluctant to refund you 100% of your paid premium – you are encouraged to lodge complain with Bank Negara who is the regulatory body for life insurance industry.

Bully & Dictatorship – A sick psychopath Dictator in AXA bully, terrorize and demoralise its agency & staff. His unprofessional corporate’s behaviour is supported & encouraged by their French’s Supervisors located at the Regional Hong Kong Ivory tower. These irresponsible actions are extremely unprofessional and toxic for a multinational.