I am currently on SM from GE and I been approached for Allianz Powerlink. Both are ILP's.

I found that for 15 ringgit more, i am able to enjoy higher Death Benefits, Higher Critical Illness, Same accident benefits , same room and board and same amount of life time coverage .


The plus point i noticed from Allianz, is there
1)no co-insurance , GE has a 10% capped at 5000,
2)the Critical Illness payout is independent from the DB, in GE is it from the same pool as I understand.
3)They also cover for outpatient dialysis and cancer treatment meanwhile GE doesn't if i am not mistaken and
4)10 year more in coverage upto 90 years old , while GE is up to 80.
5) More panel hospitals compared to GE
6) No annual limit

The cons
1) No hospital daily cash allowance
2) No Smart Assist

I have been paying the GE policy for sometime, 5 years already , is there anything I should consider if i plan to switch to Allianz? Appreciate the help given.

1) GE has medical card that doesn't have co-insurance... you can enquire on if you can upgrade
2) the GE version is cheaper.
3) i'm not from GE but i'm sure they are smart enough to cover for dialysis and cancer
4) this is a real point to consider... but bear in mind the cost of insurance plan from age 80 to 90 is very very expensive

The agent that proposed to me mentioned the Allianz plan is at fix rate. Means i pay the same premium life time.

If the premium is fixed, why did most of the insurer ask for an increase of premium last one two year?

No, all insurance work on the same principle based on the attained risks. As we get older, the risk of claiming gets higher and therefore the insurance charges will also increase.

The premium is not fixed and it is not guaranteed. It is mentioned in the Sales Quote very clearly.

You may want to take a look at the insurance brochures and check the insurance charges based on attained age group.

Do note that the insurer reserves the right to increase the "insurance charges" - mostly the increase is based on claims ratio experience in order to maintain the insurance port folio.

As we get older, the insurance charges will go up (irrespective of when you get it) and the variance of the insurance charges will be deducted from your cash values (ILP) if the premium paid is insufficient to cover for the insurance charges.

Once the cash values are depleted and it is insufficient to cover the higher insurance charges, you may need to pay a higher premium if you want to maintain policy/medical card until age 90.

This is also the reason why plans that does not accumulate cash values - there is an increase of premium say once every 5 years age band.

As some other suggest, you may seek for upgrade your current insurance as well and then compare the plan again with Allianz.

Whether there is a need to top up premium in future will really depends on the cash value available and whether it able to sustain.

Normally in 10-20 years time, it will be rare individual need to top-up their premium. Unless drastic economy or medical cost inflation in Malaysia which cause insurance company heavily increase the cost of insurance.

1. You can upgrade to no co insurance.
2. GE has the same benefit as well
3. GE does cover
4. You may add up to 90.
5. You sure ?
6. We have unlimited limit now

1. Yes we do
2. We have auto assist

It's not advisable to cancel your medical plan. Insurance is a long term investment. It's just silly to restart all over again and pay for a new policy. Just upgrade will do

This post has been edited by lifebalance: Oct 7 2015, 12:20 AM

actually all the investment-linked plan out there, is level premium.

but there's a caveat...

if you truly understand how ILP works, you will realise what you pay is not really 'fix'

Here's an article by the star newspaper some time back.
http://www.thestar.com.my/News/Nation/2014...-more-than-200/

All ILP plans from any insurance company are fixed, the premium are fixed based on projection. However, as others have mentioned, if the economy faces a downturn and the company is performing really bad for few consecutive years, then there is a risk for the policy to lapse due to reduced cash value.

1)GE are having no co-insurance medical card as well.
2)You may increase your sum assured to double or we have different plan to cater your need to seperate the limit.
3)GE are covering this even in your current policy
4)GE up to 80 years old.
5)Very subjective, GE are welcoming 9 new panel hospitals in today circular dated 30 September 2015
6)Annual limit more than 500k isn't an important issue anymore.

The benefit of upgrading in Great Eastern will be able to waive your waiting period, which means you will be able to use your medical card right after upgrade. However, there will be a conditional waiting period which means, if there is any hospitalization within 1 month from the upgrade, the benefit will follow the old medical card's benefit.

just noticed this while surfing...
Admin executive paid yearly insurance premiums higher than annual pay
http://www.straitstimes.com/business/insur...er-than-her-pay

"Effect of Deduction" (EOD)

As the article, she is paying for the Endowment plan.

This is purely due to irresponsible agent which misleading and mis-selling to the individual.

It is always important to read carefully the policy and the term and condition. If the individual do not understand the policy, he/she should get advise from third party or customer service. As to protect customers, any termination within 15 days of cooling period, insurance company will full refund the amount, so as recall back the agent commission.

Yeap, it's an endowment plan. Always make sure your agent explain the policy to you when they deliver your policy to re-confirm what you've purchase.

I got some confusions here with the basic coverage (even after several reading), any sifu willing to clarify the following scenarios (I will use different characters as different scenario)?

1. If Ali has met a serious accident, under what circumstances can he claim the Personal Accident (PA) sum assured?

2. Continue from above, if Ali has claimed the above PA, are the coverages of Critical Illness (CI) and death/TPD still valid?

3. If David has met a serious accident and lost 2 eyes, can he claim both PA + TPD at the same time?

4. If Michael has been diagnosed with 1 of the CI and been declared by the doctor officially, understand that he will be receiving the sum assured, then my question is, are the coverages of PA and death/TPD still valid?

These questions may be common, but I've been confused. Hope I could get a clear answer

Role of I-Great Ameen is to cover Death and Death with accident only.
Even thought your parent have CI . You can apply it.

1-who can apply ? age 50-75 years
2-minimum contribution = rm50 / monthly

1. There should be a schedule of payments according to the conditions:
- Patah 1 jari = x% of sum assured.
- Patah 1 tangan = 100%, so on and so forth, according to policy schedule.

2. Yes.

3. Yes.

4. For PA: Yes. For death/TPD: If the CI sum assured is accelerated from death/TPD, then whatever is left is the remaining sum assured for death/TPD. If the CI sum assured is NOT accelerated from death/TPD, then the CI claim does not affect the death/TPD sum assured.

Wat is the min coverage?

1)You may click the attachment for PA's definition according to the severity from Great Eastern, do note that the definition is different according to companies. Furthermore, if Ali has bought also weekly benefit, he will be compensated with a certain amount of money according to the week of MC given by the doctor.


2)Yes in most circumstances, however, please read the official quotation.

3)Yes in most circumstances, however, please read the official quotation.

4)Some Critical Illness plan do accelerate the basic sum assured(as known as Life/TPD protection). If you have claimed for the 36 Critical Illness, then your sum assured will be reduced accordingly. If that's the case, then your Life/TPD protection might be dropped to zero. Some Critical Illness plan do not accelerate and thus it has no such limitation. Critical illness plan with accelerate basic sum assured is cheaper with lower Cost of Insurance.

In both cases, PA doesn't affected if it's on different rider.

Hi, I have a query on claims eligibility and need some input:

I have a whole life policy from GE (Multicare WL) with PA rider (Comprehensive Accident Benefits), which is still an active policy.

I had a fall recently and went to a specialist clinic to fix my knee. This 'event' should be considered as under PA coverage, yes?

Per the agent, she said GE will only pay if there is a medical leave advice (MC) from the doctor for 7 days. I do have the MC but it is for 4 days only. Can I still do the claim, will GE pay?

I was not aware of this type of condition/exclusion as this policy is now 20 years old.

Does Prulink's PA rider has this type of condition/exclusion as well? If not I might claim from Pru instead.

I do already have all the supporting docs (xray, ultrasound, doctors report, receipts, etc).


Thanks in advance.

I will leave the GE issue to other agent.

Please PM to me your PruLink PA rider policy coverage detail (snap a photo) so that I may advice on what can be claim.