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totoro
11-07-2006, 04:39 PM
Hi friends,

I'd like to know if anyone here has heard of MGM, a direct selling company for a health products discount / medical insurance card ?

Appreciate it if anyone who has experience with this company provide some feedback on the good and bad experiences and the benefits / catches. Thanks!

Their direct selling licence can be found here:
http://www.wealthbuilder-club.com/profile.htm

Expires in 2009. From what I know, the products / services is from Pathlabs while insurance is by Pacific Insurance.

I'm more keen to hear of the negative aspects of the service / product offering than any hyper sales pitches or anti-MLM talk. Appreciate it!

totoro
13-07-2006, 06:25 PM
my friend who's in this program pointed me to a NST article highlighting MGM:

http://www.nst.com.my/Current_News/nst/Tuesday/Features/20060710154640/Article/index_html

FYI.

mgmbiz
07-08-2006, 10:18 PM
I am the Member of MGM. It's a place for everyone to make their dream come true. Why i say so?

MGM proudly presents a Great Business Opportunity with Guaranteed Perpetual Income and Guaranteed Repeat Sales.

Firstly, The Concept of MGM is to promote the 14 floor liftestyle building which will be launching end of this year at Phileo Damansara. This building including of Restaurant like Marco Pizza at 1st and 2nd floor, Karaoke & Pub Bistro at level 3 and 4, Beauty Spa & world of fitness at level 5 and 6,MGM LOBBY, AMBASSADORSí LOUNGE & TRAINING CENTRE at level 7 & 8,MGM MANAGEMENT & CORPORATE OFFICE at level 9-13, and Penthouse for president office.

This building facility is only open for member of MGM.

Secondly, member of MGM also enjoy the additional of 16 benefit like

1. Comprehensive Health Screening
2. Cancer Markers Screening
3. Follow up Tests
4. Special Offer for Pathlab product.
(1 to 4 From Pathlab)

5.24 Hrs Emergency assistant Worldwide
6.Hassle Free Hospital Admision
(5 to 6 From International SOS - worth USD 245 to be the member of ISOS per year)

7. Hospital Admission Travelling Benefit
8. Hotel & Resort Accomodation.
9. Personal Accident Insurance (200k)
10. Member Welcome Gift.
11. Hospitalization & Surgical Insurance (Medical Card)
- Executive Single Room - RM500 per day (up to 365 days)
- RM200,000 per disability & Lifetime Limit : RM600,000 (Guaranteed Renewal)
- RM500 allowance while admit to hospital
(if possible, pleace check out with ur own medical card see what's different between it.U will get Shock with their medical card benefit)

another 5 benefit lazy to explain :D


Guest What, you will earn RM1,000 by refering this program to your friend and this program total worth RM11,000++. (ofcoz not selling at RM11K)

This make me have a wonderful Part Time Job and Somemore the Membership fees is very Reasonable which is lower then u join any fitness centre. Coool...If you have any question, email me at ( Admin note - email link removed ... that is soliciting for business)

orange88
27-08-2006, 03:04 AM
i heard about MGM as well.. how is this company doing?
IMO at first glance, its more like a company instead of a part time, if u get what i mean...

littlepony
01-09-2006, 11:28 PM
HIe, I was skeptical at first when recommended by a friend when I knew there is an insurance cum MLM plan , so i got my self to call PACIFIC insurance direct to be sure whether they are part of their licensed agency network . and it is for sure.. for PATH LAB , the STAr advertised before on PATHLAB doing expansion on their labs so definitely they would JV with some company to promote their laboratory tests, thats for sure is legal.

when I entered in the office , I got my friend to have his upline do a presentation with me than see the presentation ( the usual leverage method )by a trainer.
after the presentation , i have my friend pass me the details of the plan and the comparison for me to study.

As I am doing part time insurance , i do study other insurance company products and having sitted exams to have my license to sell , having learned the technical side of how the products work , if u study closer the plan , it is a superb plan with minimal premium for a medical plan.
Why ?
1) co - insurance = 90/10 if u understand insurance jargon , then u would understand the term above : if u claim for H&S can claim 90% some 80% , u have to pay 10%/20% of your bill , MGM no need so as a few other insurance co provide but with minimal benefits.
2) higher sum assured
3) riders all together such as PA, HOspital Benefit , TPD etc... - if you buy from insurance company have to pay each one rider attached so too much money burned if nothing happens instead of putting more money into your savings plan or investment plan but that is a death man policy or have to wait till it matures. but the main thing we buy insurance is HIGH PROTECTION so choose wisely

claims : I have a friend who is a trainer who came from PACIFIC INSURANCE claims department.. she said the company claims are okay.. as any insurance company there is deemd to be percentage of bad cases of claims even in most reputable top 5 insurance companies. As some not covered , or under insured for that element . or doesnt fulfill the requirements of classifications under TPD or the 36 critical illness.
i tell you when u need to claim the insurance for CI & TPD , you are half death... being disable or critically ILL meaning 3rd stage ... thats why medical plan more viable .

Life insurance products is governed by LIAM . so any unethical conduct by agency can cause PACIFIC INSURANCE their license. so they wont be so stupid lar...
I can only conclude this negative side of MGM ..

Negative side : not so corporate looking anyway i think their business plan is more like a lifestyle membership place. Their office looks more like a ' celebrity fitness with superb interior concept ' . It is more like a membership office you see in the US.(*) :p didnt quite like that...

when i first went in the office , there were alot of aunties, uncle s, retirees, working ppl, unit trust ppl, life insurance agents from different company checking out products hehe.. so the side back is you get all walks of people doing this medical plan..so its the good side is more towards the replication effect of earning a commission for yourself being a referral to others ( somemore no need to study and sit for Insurance exams or take RFP after 1 year ) than have insurance company and agent earn everything.on the commission..
The not so good side for the insurance agents -we want to earn all the 6 years commission than everyone who sells without studying and sit exams for insurance and financial planning. we train ourselves to be professional .. we dont want any dick or harry to sell like that.. :eek: .

totoro
01-09-2006, 11:50 PM
there is a reason why the government made anyone selling insurance (including that health medical card) take a certification and made responsible for the product they are selling.

i think it's best someone write in to BNM and LIAM to verify that it is legal to package an insurance product into a lifestyle plan and sell it without a licence.

littlepony
02-09-2006, 01:06 AM
Anyway , based on history , there are a few medical card companies that have no insurance co. standing or asset/ investment mgmt to backed up with started with anyone can sell medical cards and closed down just like that. by law , i think there is a loophole in the law for a company to market under as a agency for members( without license and paper qualifications ) to sell medical card .. so MGM is legal with PACIFIC by side and legal . with their network of laboratories , medijaya clinics ( which my former company uses under the panel of clinics) ,medical centers , they have found the GOLD in marketing plan for medical card for the mass. what more with their background in medical products ( Groway) and PATHLAB lab tests.

Insurance companies will always outperform the others by launching new products in the market.

so nothing much to say, it only perks insurance agents to buck up on the value of their products given to customers !!!

totoro
02-09-2006, 01:16 AM
hmm, somehow that doesn't sound right, and i've been studying the insurance industry for a couple of years... when i have the time i'll check it up with the authorities. actually if you have a written confirmation from the authorities it will boost your sales a lot... :p

chong may lee
20-09-2006, 11:12 AM
Hello there totoro,

If im not wrong, MGM is selling a business. Focus more on business membership.

totoro
20-09-2006, 11:18 AM
yup, i'm sure there will be those who appreciate the benefits of membership and are willing to pay RM3k++ for 2 yrs of membership. :)

kelvinwkw
13-10-2006, 04:16 PM
Wa Lao leeee... Since when insurance oso steps in MLM industries ???

tbearer
17-10-2006, 05:02 PM
Wa Lao leeee... Since when insurance oso steps in MLM industries ???

MLM is just another method of distributing goods and services. colgate, citibank just to name a few giants are using MLM to distribute their products/services in US

observer30
20-10-2006, 05:26 PM
When talk about Money, MLM will come into the picture!!! And when talk about MLM, people here will become mad... MLM Everywhere! MLM everywhere!! :D

tan_r
20-10-2006, 09:17 PM
... And when talk about MLM, people here will become mad... :D
People? What people? Please speak only for yourself. You do not speak for me in this forum.

observer30
20-10-2006, 10:45 PM
People? What people? Please speak only for yourself. You do not speak for me in this forum.

Haha... I don't know that you name is PEOPLE... Hello "People Tan".... :D :D
Let's learn some English.
Many people in Shopping Mall = Many Tans in Shopping Mall.
Many bad people like to steal money = ops... I think you know what is this means :D
People people where are you... people people what do you do???
I wonder what "people" means in dictionary... why people confuse to read simple English... LoL!

foster
20-10-2006, 10:54 PM
ahaha.. Sound funny.. Btw doing MLM such a side income for your pocket. Find a good company. Without using people so much..

Example.

1. The money that you need to invest wif worth return.
2. No need to maintain.
3. Income each month until end of life time.
4. Without selling a product.
5. Cheap.
6. No risk.
7. Well establish company.
8. Made in Malaysia.
9. ask me.

observer30
20-10-2006, 10:58 PM
trying to recruit downlines in FORUM? forget it!!! Anyway no harm trying... go for MASS, go for MASS... go for MASS.... you want to make RM20-30k per month??? Easy with MLM.... but are you making it??? That;s the questions! :D

Oh ya.. why not start a basic MLM topics not talking about company and products. I think pretty good sharing can be done for MLM community here! hehehe :D

Ginger
20-10-2006, 11:25 PM
Hi Totoro,

This MGM company is owned by Marcus Kam, CEO of MGM International Sdn Bhd. One of my client brought me to this company, I sat through the whole presentation. Yes they offer medical plan and the insurance is Pacific Insurance.

But the membership fees are rather expensive, it is more of a lifestyle business where you can earn commission as much as RM 1,000.00 once your friend sign up, who is suppose to your downline.

I think they want to catch on the trend nowadays with fitness centres everywhere, they have to do something different to attract members.

Ginger :)

foster
21-10-2006, 04:03 AM
trying to recruit downlines in FORUM? forget it!!! Anyway no harm trying... go for MASS, go for MASS... go for MASS.... you want to make RM20-30k per month??? Easy with MLM.... but are you making it??? That;s the questions! :D

Oh ya.. why not start a basic MLM topics not talking about company and products. I think pretty good sharing can be done for MLM community here! hehehe :D


Herlo.. Im not ask you to join or what ever. Can you get the company what I've listed before?

1. The money that you need to invest wif worth return.
2. No need to maintain.
3. Income each month until end of life time.
4. Without selling a product.
5. Cheap.
6. No risk.
7. Well establish company.
8. Made in Malaysia.

totoro
21-10-2006, 09:05 AM
I think they want to catch on the trend nowadays with fitness centres everywhere, they have to do something different to attract members.

Ginger :)
Hi Ginger, thanks! :)

evelynlim
02-02-2007, 02:59 PM
Hi friends,

I'd like to know if anyone here has heard of MGM, a direct selling company for a health products discount / medical insurance card ?

Appreciate it if anyone who has experience with this company provide some feedback on the good and bad experiences and the benefits / catches. Thanks!



Hi totoro,
Have u sign up already? My friend just introduce this to me too. How was it ah? I felt that the premium is a bit expensive although it has a higher coverage of RM600K.

totoro
02-02-2007, 03:11 PM
nope i decided not to, but my friend who joined did make some money out of it by recruiting others, and i'm happy for her... but no regrets on my part. :)

evelynlim
05-02-2007, 10:08 AM
nope i decided not to, but my friend who joined did make some money out of it by recruiting others, and i'm happy for her... but no regrets on my part. :)

I don't think I want too. Although you get RM1K by getting other to join but it actually factor in the very high premium for the package. Is like you are exploiting others for your own benefit.

totoro
05-02-2007, 10:16 AM
the premium is actually similar to what insurance agents get, it's not a rip off la, it's more like a commission. :)

sly
03-03-2007, 01:05 PM
for insurance agent, u get experienced one so u can always look for them i long run. but for mgm, most of the agent wants to make quick bucks as it's still new and they're hoping for it to boom...so for those who bought the policy from them, they have to be prepare that the agent may change coz not all have the patience to wait for the company to boom..so the insurer will have to chap sang la...anyway, those agent are targeting yuppies with a lot extras to spend...and targets more on the facilities than the policy itself....

jack-jack
30-03-2007, 08:44 AM
guess that some ppl need some update.
Ok MGM International has change it name to MXM.
secondly the commison per person is 1200 n over-riding is 200 per person.
yet our direct selling licence is one-level (satu tingkat) where other mlm company is multi-level (berbilang tingkat).
that y we call ourselve a membership programme and not a multinetwork marketing.
thirdly mlm involves ppl...it impossible to earn money if u doing mlm without finding ppl...that i would like to call it a scam...we are a well establish company in malaysia, work with perwaja, work with almost all the banks with a easy payment scheme (which take lot of money to work with them), a insurance company(PACIFIC INSURANCE), and also ISOS which is a worldwide company with a lot of big(huge company)...so do u think that this company would risk all of this ppl together just for the sake of ur RM4XXX?
fourth. we as a member do not handle the policy matter, we only recruit member...our insurance matter is handle by our own mxm insurance ppl who has the licence to do the document for us.
firth. our company has 0 complain so far...so has u heard any negatif thing about us yet?
yet i'm not here to recruit ppl but to get ppl knowledge right about us.