i think insurance is something that we cannot run off when we are buying a car.. it just that we don't have to be forced to buying to a certain company as there is some other insurance company that offers competitive package interm of better customer service, fast services, extensive coverage as well as the standard compensation on accident and life.
Yes, I agree we cannot run off from insurance, in fact insurance is a good tool to protect your loved ones from financial burden if the unexpected happenned!
What I couldn't swallow is why nowadays, banks, insurance companies seem to come up with some sort of cartel like business whereby you take loan for the car, they force you to buy term insurance. Or you buy insurance for you bike/car, they force you to take PA..... The process of selling must have proposalby the seller, evaluation by the buyer and if all in agreement, then only we make the purchase, not you buy this must also buy that?
(Imagine, you want to buy durians but for each kilo durian you must half kilo sukun, crazy or not?)
Anyway they issue resolved, Now I know. i can refuse to buy their so called bundled insurance if I want to.