i can't explain why allianz can price their products cheaper. not a secret among those in the industry. but i'm refering to medical insurance only. it could be other things are more expensive.

but for CI and medical insurance, premium is not fixed. they can increase their price 2 years down the road. i'm saying they can, contractually, they might not, or they won't for whatever reasons it may be from customer dissatisfaction to bad/good claim experience.

for medical and CI, comparison of price is relatively more straight forward, and one may compare before purchasing.

You doing a better comparison than those i know who are doing it as part of their job.

Just a FYI. For ILP, they don't need too much of a safety buffer (i think) cause life insurance company CAN increase it by giving 90 days notice. sames goes to life medical plan. but life tend to have premium in bands of 5 years earlier on. it only increases year-by-year at older age, usually after 70. but obvious PR reasons and other operations reasons, obviously they can't revise the rates every 2-3 years.

Anyway, interesting input, feel like getting a new one myself.

BTW, which PA you get for yourself? probably gonna get one myself.

EDIT: just realised that Axa SCO has this option to switch deductible option to non-deductible option, which is really good for those who are working. then they save up the premium they have to pay before age 59.

This post has been edited by adele123: Aug 12 2014, 09:50 AM

Personal preference, i don't like ILP. i rather do my own investment. my own policy is a traditional plan. because i only really need health related insurance, don't think life insurance is necessary to me as well.

in a simple way of defining it, ILP is like unit trust but every month the money from the 'unit trust' will be taken out to pay for insurance charges or cost of insurance.

For someone doing his own research, you seem to be able to get a good grasp of it.

True, but under normal circumstances, people who makes regular premium payment would not face the problem of policy laspsation. then again, it defeats the purpose of ILP. after all, another selling point of ILP is that, they can take a break from paying premium (premium holiday).

might as well just get normal life insurance. they also have cash value.

I am guessing you are refering to the (what we call as) waiting period.

for health related insurance, there's a waiting period. i forgot how long.

example, there's 30 days waiting period for critical illnesses, and 60 days for specific ones. these 2 waiting period is standard across all companies, i believe. LIAM and PIAM sort of monitor i believe.

it's pretty standard among insurance companies. this is to protect them. but if one gets into an accident, then one can immediately claim from their medical card. after all the waiting period applies to sickness not accidents.

Edit: i think mixed up waiting period for ci and medical.

This post has been edited by adele123: Aug 17 2014, 10:56 AM

It should be the same among the insurance companies for the same type of insurance. Cant answer affirmatively but underwriting control like waiting period should be standard.

hey, don't be so paranoid. Insurance companies aren't out there to cheat ppl's money despite what most people would think.

the link you posted, there's suspect of pre-existing condition, that's another story. i didn't read the entire post, too lazy. point is, as long as you don't have pre-existing condition and really not out there to cheat insurance companies, there's no reason why a claim would not be approved.

if you look at roy's picture correctly, the LONGEST you have to wait is 120 days. for critical illnesses, it can be as short as 30 days for most illnesses. although the waiting period is longer for Early CI.

PS: the way you are asking the question feels like you want to buy medical card and claim right after the waiting period is over.

If you want something comprehensive for yourself and family because you don't have insurance, this should not be the one. i tried google but can't get any info. Basically it's a PA policy, so just cover benefits as a result of accident.

i would think the dai kor of the insurance company do not have lousy services la. by dai kor, i mean GE, Prudential, AIA. but even that, the relatively smaller ones doesn't mean they suck, just don't have the resources to expand too big.

Any insurance companies would be able to give you more or less the so-called comprehensive coverage (life, medical, CI, PA). the slight difference would be the price and other non-major benefits. depends on your budget really.

would like to disagree on a few things with the other guy, so because i want to point out the other side of the field.

1) 36 CI - 20k is kinda little. but agree, at least 100k
2) life insurance portion and PA (acci guard) - seriously, at 25, i'm assuming no dependents, so there's really no urgent need to increase the death benefit portion. although one may argue, the benefit is also payable upon permanent disability.

3) would like to point out somethings for considering. at 25, i assume his working with company benefits. better to ponder if the benefits below are necessary. if no company benefits, ignore the below.

Pruacci med 5k - the benefits covered for this is redundant really. you can just claim from the employer.
Pruacci income - also, this weekly income, considering that most employed ppl actually still get paid due to sick leave, is it really necessary?
PruMed 50 per day - my understanding is this gives cash for hospitalisation and extra if ICU, and additional coverage for surgery. Employer would have covered this as well. if not, the medical R&B 400 is gonna be more than enough to cover the hospital bill. and surgery, would also be covered

though cancelling these few items would probably save very little as these are not the expensive things, but a penny saved is a penny saved. then again, i shouldn't jump to the boat of advising cancelling this and that. the best thing is probably, put a pillow under your head and judge, what is indeed needed in your brother's case.

PS: my opinion is, buy what you need, cancel what you don't need. extra cash when you have a mishap is great, but, you really need that?

if me, i will la, but simply because i know my employer covers for me, and i know my financial condition, etc... i dare not advise you either way. erm... for now, observe and assess. i mean, some of the points i pointed out, kinda make sense and you wouldn't have thought about it that way (maybe you did). but to be fair, really certain benefits are cheap. but i'm cheapskate, so i like to just pay for what is necessary. cheap stuff also don't want.

to me, those weekly income, it's kinda just extra cash. but the medical part, it complements, but also feel abit unnecessary. fun benefits, but really... need or not?

The common mistake is saying the younger you buy insurance, the cheaper it is. HELLO. It’s ILP, anytime YOU BUY, insurance deducted it’s based on your current age. The charges doesn’t depend on entry age.

But true enough, one may be denied increase in sum assured since it is subject to underwriting. That I may admit, can be a problem though I don’t think insurance company will deny a healthy person increasing the sum assured. But seriously, future cost has nothing to do with buying early.

as for the rest, the other guy has his points. but buying accidental related insurance is really not as difficult compared to medical-related at old ages. unless high risk occupation but different story la.

you know very well insurance charge is the actual cost, and YET, you still want to say same premium.

this is what i mean, say one thing, never say another.

Curious, why you ask? Actually premium is not cheap, relatively speaking. But yearly renewable policies tend to be more expensive anyway.

i would say the rule of thumb shouldn't simply apply across the board. yes, 8 to 15% is hell a lot. but may need to consider some people actually don't have good company coverage. HOWEVER, insurance companies also work like airasia style, in a way. airasia want you to choose seats, buy food on board. cannot just depend on air ticket as revenue. same goes to insurance companies.

Example, say if you are JUST looking into CI insurance, it tends be more expensive that way (same concept as fruit pricing in a normal fruits stall). depending on the coverage amount and your age AND gender (guys pay more for CI). but not be the case until it will be exceed that much of your 8% nett salary, then really just buying things that you don't need.

like the other guy mentioned Ceria Malaysia, really not a too bad plan, straight forward, but yearly renewable, will turn out to be more expensive over the long run.

This post has been edited by adele123: Aug 26 2014, 09:18 AM

What's the situation of the car? Total Loss? no hope of recovering? police report made?

i don't understand Q3. How long will what process take?

total loss, as in total wreck. nothing can be done except sell it as metal. if it's just usual claim, as below

Etiqa Claim

i thought the insurance company will settle your claims with the workshop?

Not sure. Because i dont know how they both work. Dont know what you have.

First thought would be there should be some things that overlapping.

Investment-linked insurance is basically life insurance with investment element. And yes... If you add pa rider, yes it may overlap. I dont think the product name is etiqa equity.

Also given the lack of information is ridiculous to answer your question thoroughly.

Example:
Life insurance pays death benefit upon death regardless of the cause. Ignore suicide. Pa pays upon accidental death. So ya, it does overlap. One gets more upon accidental death. But there are other benefits that may or may not overlap.

Whatever it is, READ THE FINE PRINTS. i was quite surprise MNet can even put an insurance company name out.

also... all these things are just a facade.

pay RM2400 get RM700 after 20-30 years get maturity benefit plus profits. maybe figures look good, but in actual fact your return over the years is not that much.

PS: all insurance companies have these kinda plans, depends whether they are aggressively selling.

The answer is still NO. the purpose of medical card is to cover your expenses not make you 'earn' from this.

You can claim if you bought a policy with hospital cash income whereby they give you cash when you get admittes.