thanks for the info bro
i also wonder...if my agent give me false info about the waiting period for upgrading
it doesn't make sense actually

any prubsn agent can verify this?

Alright, here the deal.

I have an insurance policy years ago. Been diligently paying, except that I have lapsed payment for months. Did not apply for 'holiday' (or what ever it is that they termed it).

Intended to surrender the policy, as it no longer fit my requirements.

My query is, how much money will I get back?

Will the insurance return what ever it is in my policy, or will the insurance deduct the months that I have not paid, before returning any balance available ?

Question: If i pay half yearly for GE ILP Medical plan, when can i get the statement for income tax purpose? Next year?

EDIT: Why i ask? Because i want to know the actual amount for tax relief.

let said i wan to buy SPE plan, is there any different amount of money if walk in to the insurance company or through agent?

Outpatient Cancer Treatment       
Outpatient Kidney Dialysis Treatment

PRUValue Med
As Charged (Up to 1.5 times of the chosen Med Value Point per lifetime. MVP option 1.0/1.5/2.0 Million)

Great Eastern Smart Extender
As Charged (No mention of per lifetime)

AIA A-Plus MedBooster
RM750,000 (Plan 150: Lifetime limit of RM250,000 from A-Plus Med + RM500,000 from A-Plus MedBooster)

-------------------------------------------------------------------------------------------

Hope insurance sifu here can help to answer some of my questions below:

1. Is there a per lifetime limit for Smart Extender for Outpatient Cancer/Kidney treatment?
2. If there no per lifetime limit for Smart Extender, does the limit follow the Annual Limit and resets at each policy year?
3. It seems like, AIA A-Plus MedBooster Outpatient Cancer/Kidney treatment is less attractive compared to Prudential and GE. Is my observation correct?
Thanks for the help.

what about ILP?

hi, i looking for life Rm 300K and CI Rm 300K .

I prefer level term insurance where the insurance charges is guaranteed and will not increase by age.

For both event of CI and TPD/Death - total paid is RM600K. with waiver for CI.

quote me age cover till 65 and 70. thx.

i open for any insurance company.

Dear insurance sifu,

My family is buying insurance for my mom.
Age 69. Non-smoker. Healthy.

At first, AIA agent quoted us RM6552 per annum.
Plan: ILP, A-Plus Med, Sum assured RM18k, R&B RM100, Cover till age 100

Later, when we agreed to proceed with the application, the agent told us there is changes to the premium. New premium, RM6996 per annum.
Plan: ILP, A-Plus Med, Sum assured RM6k, R&B RM100, Cover till age 100

Increase of RM444 on the premium and the sum assured becomes lower by RM12k.

I asked the agent why the increase in the premium and lower sum assured. The reason given is, for the 1st quotation the premium is until 80 y/o. After that, the premium will increase sharply for age 81 onwards. The 2nd quotation premium will remain the same until 100 y/o (understand that premium might increase slightly in the future due to inflation but we will omit this to simplify the matter).

1. Is this true? Can the premium in quotation be adjusted for until 80 y/o and increase sharply after that?

2. A-Plus Med brochure shows coverage is until age 100. Therefore, I assume this should imply that premium quoted is for until age 100 and will remain the same throughout the policy duration (minus inflation).

Appreciate your kind advice on this.
Thanks.

My purpose for buying this life and CI is for protection only, i no mean to pass huge amount of money to my child.
I just want to protect my family before i retire if anything happen to me, there is a cover from insurance.
I only want cover until age 60/65.

My main concern is for ILP premium in later year is not guaranty the same but i think term insurance ( level term) does.
I want something can predict, I suppose for term insurance ( level term ) premium for age 32 let said around Rm 300 and premium for age 60 still Rm 300. The calculation base on pro rate. I know cost of insurance will increase. but atleast at age 60 i can confirm the premium still around Rm 300.

but for ILP, the charge of insurance in later years if higher than premium will deduct from cash bonus which is generated from investment. if the investment is not good, then need to top up the balance. this 1 cannot confirm.

personally prefer term insurance for life and CI since i just want to cover until retire age.

Most important i buy for protection only i dont mind in the end of policy i get nothing (no cash bonus ).
If i want cash bonus i rather put my money in stock for hedging.

maybe i'm wrong for above statement, you may correct me. this is what i understand so far.

This is an incomplete statement, and some may not misunderstand it.

For those who are not well versed with ILP, below statement should be added to them.

Hi lifebalance,

Thanks for helping with my question.

A-Plus Med (ILP) quotation can be customized to show premium until age 80 only and increase sharply after that (1st quotation) Shouldn't the premium be the same until age 100?

Appreciate your advice on this.

So means that the best medical card currently will be Allianz instead of GE or others right? With very high Overall Annual Limit and NO Overall Lifetime Limit?