One my friend insurance agent call me every 3/6 months, pengsan

Rich people acquire "insurance" for other purposes.

Poor people have other priorities which is not insurance.

For everyone else, chances are you will hit the payout limit for a particular condition pretty quickly - and get nothing more beyond that. How many billions they are willing to pay for a whole bunch of conditions you will never encounter is moot.

Agents use scare tactics liberally - we can see that from this thread.

If you are an insurance buyer, many factors to consider.

This post has been edited by howszat: Sep 20 2013, 11:16 PM

Pre-existing medical condition will not be covered. If discovered, insurer have the right to refuse claim based on the concept of utmost good faith.

Any medical condition must be declared to be determined by insurers to be excluded from cover or coverage of that condition with loading of higher premiums.

Pre-existing illness is subjected to the underwriting of the company. Each company has different stomach size to take in the risk. They will try to obtain some recent checkup history from you or probably send you to a panel clinic to do a checkup. They will then either accept it as normal, counter offer with exclusion clause or incur a extra loading cost, or reject the proposal.

If you accept the counter offer (exclusion or loading cost), few years down the road you can write in a letter (or ask your agent to help you write one) to appeal to the company to withdraw the exclusion or loading cost.

Can you care to elaborate a bit on what do you mean the payour limit for a particular condition?