All constructive responses are welcome

The facts are always dirty, but the lies are always clean.
There's a movie on insurance where the story line tells that how a cheater cheat people's hard earn money by opening an insurance company. I never watch that movie yet, but based on my 3 cases that get cheated, i know what it tells
When we born to this world, we carry nothing, while we dies, we carries nothing also.

Investment linked products will produce higher IRR for the insurance companies due to lower required capital (consumers bear investment risk and lower risk to insurers).

Besides, one will need a basic life plan in order to have a medical card rider. The insurers can then cross selling additional riders such as PA, CI, payor, waiver, saving plan etc.

No co-insure,
high annual limit and unlimited lifetime?

Insurance company exist is not for charity...

So far only know of Aia has such product.

Ooops . . Guess u left the market long time . .
Basically all well known insurance companies has it ady . .
Its only a matter of how much it costs . .

Ur guess is wrong. Have just checked with most of the majors recently. If you know others have such offer, please share product and company name

Please try Allianz , Great Eastern , Prudential , Gilbratar BSN ( Former Uni.Asia Life ) . .

All can be seen at their co website . .

If not , u can get the brochures with details from their customer service

This post has been edited by victor_tan79: Nov 2 2015, 08:56 PM

Insurance is part of life commitment and we will have different need during various stage of life.

Here are some life stages to consider:

Young, Single, Recent Graduate – If currently between jobs, or not yet eligible for coverage offered through a job, it is important to consider purchasing a medical plan as well as disability coverage. In the event an accident leaves you temporarily unable to work, you will still be faced with having to pay bills and student loans. Life insurance is also something to consider –you may not think you need it right now, but it is still worth checking into, as the premiums will be at their lowest for those who are young and generally healthy.

Just Married – If you are thinking about starting a family, you will want to review your medical plan to be sure you are able to add a new family member to the plan and make sure you have adequate coverage. Also, consider purchasing life insurance plans at this time. In the event of a spouse’s unforeseen passing, you will want to protect each other financially from having to incur any personal debts and funeral expenses, as well as cover expenses such as the cost of raising a child, college, and a mortgage.

Empty Nesters – With the children off on their own, take time to review your life insurance needs. You may want to adjust the amount of coverage you currently maintain, determining that you may not need as much. Also, consider purchasing Long Term Care coverage, which will cover costs that may arise for elderly services or facilities that may become a necessary part of the care you need as you get older.
Retirement– You will have to maintain your health insurance plan until you reach the age of 65, which is the age you become eligible for Medicare. At that time, you will need to consider purchasing a Supplemental Health Care plan as well as Prescription Drug Coverage, to enhance your Medicare plan and cover the medical expenses that Medicare does not. Travel insurance is also something to consider, as the retired years are when people do the most travelling.

I believe you're still single/not yet married, first thing to consider will be medical insurance and Critical Illness coverage. As these coverage will only available while you still strong and healthy, also it is important to protect ourself from heavy medical bill if anything bad happened.

The main purpose for insurance are protection, if you really looking for saving/investment, perhaps you should look for other investment tools such as Unit Trust, REIT and etc.




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Yes, have enquired recently, for high annual limit and no life limit, and no co insure, mostly ILP linked.

How does Investment link plan return compared to say direct investment to unit trust ? Would the differential premium from standalone plan to ILP generate better return in unit trust ?

Here is a link to the animated life-stages and the general personal finance decisions to make.

I think this is a good reference guide that you can explore.

http://insuranceinfo.com.my/lifestages/ani...ntPrefLangID=1&

agree on the above as currently some of us are not clear with what we bought on our policy, eg: some insurance agents will keep telling us to purchase investment link policy because by the time we retire we will get some money out of it.

I give you a good example about my dad's policy, he bought from xxxxx agency which pushed for "Whole Life" packages and there's one time he got admitted to the hospital because of gastric and you know what? The insurance company did not cover for his medical bill but only for bedding for up to RM80 a night, i was like dude seriously? I thought life insurance should cover for his everything because he got admitted for 3 nights!! Since then i am very sensitive to this topic and having said that please ensure to read through the T&C of the policy.

Also during my research online i found out there's 2 different policies in the market which is "whole life" and "term life", like what conqu3ror said it is meant for protection only, do your research before making any decision

Life insurance only claimable upon death and total permanent disability (TPD).
Life insurance usually have some kind of cash value/dividend over a period of time.

Medical Insurance or Hospital Insurance is where the hospital bills come in.
When purchasing this policy, be sure to dig the policy for any exclusions.
*The RM80/night is probably hospital income benefit saja. It's when a person masuk hospital only can claim that RM80/day.

Other kinds of insurance that an individual can buy:
Critical Illness cover,
Personal Accident,
Savings/Endowment plans.

its good that you are particular with the policy stated in the policy because before anything happen my parents was ignorant with their policy until things happen to them. So its a lesson for them and for those who haven't kena, for me the purpose for insurance for safe net purpose and medical card is very important there for assuming i have to pay 300 bucks a month better divide into different policy...eg: life insurance RM25 bucks monthly, medical card another RM150...so you got another RM125 for pure investment which u can put in mutual fund which has higher return

hi, can someone enlighten me what is:-

AA rider
CLR
EDDI
HB - HR11 INS RB200
H&S - HSM6 INS RB50
EAPWP
VISIONLIFE

fyi, this is a very old aia policy. i think there is medical benefit/hospitalization, and since i have new medical card now (which active more than 6 months), i can delete this supplementary and revise the premium, right?

is this a traditional policy?

i have lost my policy and should not be a problem when come to any claim, right?



This post has been edited by rinoa_heartily: Nov 3 2015, 04:39 PM

First of all, insurance protection coverage is not that as simple as ABC. Indeed they is a lot of T&C, and what is claimable and non-claimable and whether is coverable. The most important role of agent is to explain and educate to his client about the insurance policy.

All insurance plan are approved and govern by Bank Negara Malaysia. Only thing is some agent may misleading and miss-selling the policy.

Everything come with a cost, insurance cost are increase according to the age and health risk.

I believe your dad policy was like more then 10 years ago and the policy have never review with any agent.
With just Room & Board RM80, that was obsolete medical plan, where currently the average R&B are RM150 and above.
Many people when encounter claim problem, will just blame the agent cheating or bad and etc. But actually they have forgot or ignore or don't understand what they really bought.

Everything are written in black and white and customer service always there to help. Also all policy have 15 days free look period for 100% refund to protect customer right.

I believe you should get an agent to review and understand the policy, or you can just call customer service for more info.

This post has been edited by conqu3ror: Nov 3 2015, 04:28 PM

Bro/sis/sir/mdm,

I am from AIA and I can help you with it. (What happened to your agent?)

This is your p&c info, i think better we take it offline?

i dun mind to share with everyone, just would like to know what are the short forms mean, and also some other questions

This post has been edited by rinoa_heartily: Nov 4 2015, 09:51 AM

What do you mean?