Both SE and SEM will approve second claim. The deductible is per year not per event.

The cash value in the investment link should never be treated as saving only.

In my opinion, one of the most important feature as cash value is to make sure your policy is still inforce shall we forgot the payment and hedge for the future insurance chargers. As a staff of Great Eastern, I've seen enough of oldies came to bang table at Great Eastern HQ because they have accidentally missed out one of the payment, their policy lapse and they couldn't reinstate it due to their current health condition or their age, it's not something can be bought by money.

This is the Term ILP as per what adele saying.
Age 40, non smoker, male.
Premium : RM4450/year for 20 years.
Protection Term: 30 years
Protection starts with RM500,000 and increasing RM5,000 yearly, by end of 30 years, you are expected to have a cash value of RM3,332-RM52,842, just take the cash value as a bonus
The total premium of RM89,000 if use to divided by 30 years, it will be RM2967/year.
Anyone who are interested to do research on this proposal can pm me to get the proposal in PDF form.

Hi,

I'm not AIA agent but Great Eastern agent, yes, you can cancel the H&S and HB benefits. You may also ask your new agent to help out for this. Usually agent are able to help you run the errand for all the insurance companies.

Hi,

Can you request AIA to provide the sales illustration?

Yes, something like a table, you may attach the table here to gather feedback from forumer or pm me.

Insurance is actually a risk sharing medium among the a group of healthy people with the sick one because the group of healthy people knows that someday someone will help them when they need it.

So now let's talk about Life insurance vs medical insurance
Life insurance is the lump sum of payment given out when one diagnose with certain pre-defined covered event such as Death/Total&Permanent Disability and 36 Critical Illness.
Medical insurance is the coverage by the insurance company to pay for the medical bill from the hospital.

So why does one need both Medical and Life insurance?
Imagine that Mr.Lee poo poo got blood and went to hospital for checkup, he is diagnosed with bowel cancer stage 3 after the checkup. The medical bill cost up to RM70,000 for the surgery. This is not the whole amount yet, because for every chemotherapy in the future, the bill is claimable under his medical card too.

The story hasn't ended yet, since he is hospitalized for about 10 days, the doctor has certified that he is not fit to work for the next 6 months. The next thing he knows is his boss asked him to have a "good long rest". So, he loss his income generate power, and here comes the pay cheque from the insurance company to help him sustain his living expenses, car loan, property loan, MLM health product, Ogawa massage chair, practice Taichi or ask bomoh. Here comes the importance of Life insurance, especially Critical Illness coverage.

Medical card is to cover the medical expenses when one hospitalize in hospital whereas life insurance especially Critical Illness coverage is a lump sum compensation where you can use it to cover the lost of income during the period.

Besides this, you can use up to Life/KWSP RM6000 and Medical/Education RM3000 tax relief to lessen your burden when paying for Income Tax, it's a win-win situation for both policyholder and the company.

In general, you need to take both medical and life insurance in a moderate level on your twenties and there is no best company, there is only a company that suits you the most. Rule of thumb for a single youngster at age of 20', about 10% of your monthly income to insurance is sufficient to provide you all the basic protection.

Next year January your agent will be able to send you the SLAPCC (The certificate to shows your tax relief allocation)

If RM150-200 is not a big issue to you, you may decrease your premium from RM300 to RM150-RM200 by removing all the riders like critical illness, early critical illness, waiver of premium, hospitalization benefit. This is to protect your right to hold a basic medical card because by this you can still own a medical card and there is no need to apply a new medical card in the future.

Sure Advertiser, high blood pressure with well controlled are able to get medical coverage.

1.SEM is non-cashless by paper, however, you can request for GL (cashless) upon your bill has been confirmed over the deductible amount by hospital.

2.Smart Extender is cashless by paper, which means Great Eastern will pay directly to hospital.

Hi Baymax,

1)This very same question has been asked in the product launching, Healthcare services department has told us it's case-to-case-basis. Since this is new product, I have no experience to advise further but only sharing my knowledge.
2)Either it's within waiting period or insurance companies are suspecting it's a existing illness based on the doctor's report when applying GL.

Hi skyvampire,

I would advise you to upgrade with existing company because
1)If your existing company is denying you to buy a new card, you will most probably unable to buy a new card in another company. However, you can try to apply too after your existing company is denying you.
2)If your existing company is imposing exclusion in your new card, you will most probably have exclusion in another company as well. However, by then you can choose to hold 2 cards in the same company to reduce the effort when claim because you don't have to submit to two different companies.
3)If your existing company is giving you upgrade your medical card, you will have a new medical card and with only 1 month of conditional waiting period. Which means that you can use your medical card immediately without any hiccup in the middle.

Either of these 3 scenario, you are in a win-win situation.

Thank you, it's my pleasure to give support in lowyat.net

They have took out the other risk and only cover the 4 types of critical illness with 25% from the sum assured. It's okay in view of the price. If you are looking for comprehensive critical illness coverage, you might have to look for alternative.

Prudential is conventional insurance, PrudentialBSN is Takaful.

It's similar to Maybank vs Maybank Islamic in banking industry.

We can't advise how much money you can get back based on your post, you have to call to the insurance company to find out.

Yes, in fact, kidney dialysis is one of the highest commitment on long term. Since you know every card pro and con inside out, it's time for you to choose a company and most importantly is to choose a good agent.

You will receive your apportionment of your ILP cost of insurance at the beginning of year, you may call to the insurance company to request for it or call your agent. In case you are Great Eastern client and need my help, do pm me