Thanks for the list.

There are some maximum price shown at the end of the document. Does that mean if the panel hospital charges higher than the max price shown, Allianz medical card will not reimburse us? I thought as long as it's panel hospital, the insurance company should have reviewed their prices and approve accordingly, so they charge according to the regulation.

You are right if the medical cost higher than the recognized and insurance company have the rights not to reimburse. However, this is not applicable for Allianz only. Most insurance company adopt the same (I bet).

If the hospital is panel, I think the charges should be reasonable and will be accepted by the insurance company. So nothing much to worry. Unless the hospital is not panel, then might have problem if the charges is high.

Hi,

i need some advice on my current GE policies, i'm very very blur now, my agent in based east malaysia now, hard to get explanation/advice from him:

1st policy
Multicash Lion Endowment series 3, bought in 2006, it's a 30yr year, payment RM571.40 per annual.

Agent said i need to pay 15 years premium, then next 15 years paid by company. Money can be withdrawn after 30 years.

2nd policy:

bought from same agent
RM150 per month, bought in 2008

basic sum assured: RM100k

critical illness: RM60k.

in 2011, my classmate (also GE agent) come and bi po bi po ask me to change plan & change agent
IL150 -> SM150

cancelled Great Income Rider & Il health protector.

my classmate also told me to review policy every 3 years. Any advise on the plan?

on 2013 GE sent a letter stated that my benefits enhanced. I saw the letter also blur blur...

there is also investment link in the plan. Can i use the money there to pay my premium? And how?

Thanks for the advice.

I wondered if there is any effect on the investment link because i changed plans from IL150 -> SM150. Sometimes agents did not tell you everything. Everything say halfway...

I'm not sure if my agent is still an agent or not... long time didn't call him. i saw the latest new year card is not his name. I better call him.

Previously i called call centre before, they only open during office hours, hard to get through. The staff did not understand when i told her about using investment to pay premium.

I see your sig that you provide services for will? I'm interested to get one. can pm me the info?

My classmate did told me that charges for SM150 is higher but coverage is better, it is more worth so i decided to charge. He also told me to review my policy every few years, need to change plan due to inflation.

but then he go on and po pek po pek kutuk my agent. Probably want me to change agent so he could earn my commission. Say my agent don't follow up my things la... say my agent at east m'sia, very mah fan, put useless things like Great Income Rider & Il health protector... He said those things not worth it, he count the amount for me...

I called my agent to change plan, ask him why he didn't recommend new plan, he said cause charges higher so he didn't recommend beforehand.

I ended up only change plan, no change agent.

If my agent no longer working i think i find someone from KL/selangor... easier to contact...

Hi guys, this is a quotation i got from Allianz,

Age: 24
Non-smoker @ class 2

Basic life : RM80k

Critical illness: 42 early stage : RM40k
22 intermediate stage: RM80k
39 advanced stage: RM80
diabetes recovery RM16k
cancer recovery RM28

medical room: RM200
RM1m overall lifetime limit
renewable until age 91

premium waive: RM2400

Accident: RM80k

Investment: based on 3% - 8%

Premium: RM200 per month
Is it considered as a normal policy benefits for RM200 monthly?

Damn.. link to this plan? Should have seen this earlier would save me Rm80/mo!

Hi, I have never heard of there is such plan providing annual limit RM990,000. Is it a new plan? Sounds very attractive! Does Prudential, AIA or other insurance companies offer annual limit RM990,000 and no life time limit and no co-insurance too?

Hope experts here can advise. thank you!

Quotation 1:

a) 36 Critical Illness (some call it early pay, some call it in a more technical term, accelerated CI).
Comment: GE has early stage CI cover as well. maybe just the agent didn't put it in or not applicable to this plan, etc... will let the GE agent here elaborate

b) medical... it is unlimited lifetime limit la... if choi choi someone kena one hospital bill 800k each year, for 2 years, that 1.6mil still can be claimed. cause anything exceeding basic claim from the 'rider'

but if choi choi someone kena hospital bill 200k each year for 11 years, then yes, the basic medical card would have been exhausted after 10 years. then out of that 2.2mil, at the 11th year hospital bill of 200k, first 90k customer will bear, 110k company will bear.

ExpZero correct me if i'm wrong. i like to ascertain my understanding on this product which i find very interesting.

c) the premium waiver should not be on the child. no insurance sense at all. i think the premium waiver rightfully should still be on the father

Quotation 2:

a) Accident Medical Reimbursement of 2k is kinda low-ish. and redundant cause most likely medical cards will have emergency outpatient benefit as well. well, mine does

b) Accident death, disability, comment 1) & 2) below.

c) so i heard from ppl in the industry, allianz has the cheapest medical product. note, i'm referring to medical only, other products, i have no idea, maybe cheaper, same, expensive, really don't know.

d) also... 3k a year for a child's insurance seems like a lot of money. don't let agent scare you of kiasu about child's policy... doesn't need to cost that much

General comment...

1) you don't need 100k life insurance on a child's life... zero is ideal. maybe as low as possible. money only needed to cover funeral expense. remember, parents do not depend on child for income... a child has insurable interest in parent's life, but not vice versa.
2) worry about disability risk - there are riders that pays annual/monthly income amount upon disability (of the child)
3) my insurance gives only 600k lifetime limit. i'm not sure if it's enough... but the joke is... by the time you claim 2-3 annual limit (say annual limit around 100k) one might be on the verge of death... how much you can make use of anyway?

Quotation 1 :

a) now a days I think every insurance company also got early stage CI cover but just different coverage. So why the agent didn't put it in this plan?
As I know, 25% of insured amount will pay out if diagnose early stage CI in G company, 30% in P company, 30% in Axx company, 50% in A company.

b) get info from other agent, if hospital bill 100K each year, 1st 90K is claim basic medical card then balance claim rider, after 11year the basic medical card lifetime limit already claim finish then rider also finish coz rider is depend on basic one. Correct me if wrong.

c) In common sense if father buy insurance for child then the premium waiver should be on the father. While we check that premium waive expiry date is 76 year but my friend already age 35. If premium waive cover father then cover till age 111(35+76)?. His child just age 4 so if premium waive cover child then cover till age 80 only? As we know premium waive normally cover til age 100 if not wrong. Thats why my friend confuse on that. Any agent here can explain this?

Quotation 2 :

a) yup, that medical card got outpatient accident emergency benefit on yearly limit RM 1.5k and Accident Medical Reimbursement of 2k is every accident per time limit.

On 3 general comment, very agree on you that we should got more annual limit like 200K, 500K rather than got more lifetime limit.

Got links to sample hospital bills from local hospitals? I'd like to take these bills as example and ask my insurance agent what exactly on these bills that I can claim and cannot claim.

Hi there

I am a SME business owner....

thinking of purchasing endownment plan for my self.

problem is...

this is how it was done previously.

issue RM 100K as director fee OR increase monthly salary and input into personal.

then use personal name to purchase endownment

and plan for

using company to pay insurance company directly but endownment under personal name

or does some members here have any guess how to do?

CHEERS

on the contrary
would a personal endownment plan that matures is subjected to revenue declaration?

Thank you. Hmm, seems like the medical bill is not as expensive as I thought. I've always heard that medical bills can run up to hundreds of thousands. But looking at this long bill, it's less than 15k. So,... do we even need medical card coverage of RM200k and above?

What do you all think? What's a reasonable medical coverage for a person in mid 30s.

I just notice my early critical illness plan only will pay when survive 30 days after having the critical illness. what is the reason other than the typical waiting period, the insurance company add in this survive 30 days thing? Is it common among all insurance companies that we need to survive 30 days only can claim critical illness ? too many waiting periods. very confusing. 

Hi,

I'm new to this topic. Please advise.
1. Medical Card; is it enough 100k annual limit or should I opt for a highest plan of 200k?
2. Is women specific illness is really needed? I'm thinking of taking a cancer rider which include CIS gender specific instead of taking women rider. Is this ok?
3. For life insurance, for a new graduate like me who's income will increase in future,  is it recommended to take term life compared to investment linked? What I understand, term life is cheaper, but in investment linked,  you could increase your BSA  in the future.
Thanks.

If you're gov servant, you may try cuepacscare,
a cheaper medical card for gov servant

currently im doing SI to pay my insurance (GE).. are they accept AMEX card?

Hi hi insurance sifu, I would like to get advise on difference on policy fee, stamp duti, and premium charges on below scenario.

A. 800k sum covered for dth, tpd, ci from single investment link policy
B. Each 400k sum covered for dth, tpd, ci from 2 difference investment link policies

I understand that policy fee is charge by policy, even total sum covered is same, but scenario B may have to pay double policy fee?

Hi all insurance sifu,

I just got to know that one of my neighbour's relatives were in the MH17 plane. May I know which insurance companies in Malaysia provide claims due to terrorism? I would like to know for death, accidents or even medical claims.

Nowadays terrorism happens quite often, better to get one which covers it.

Hope all sifu can advise.

I got another fren (agent) that try to persuade me to change to Allianz as they offer better medical coverage..
this make me confuse which 1 company is better in term of medical card...

Hi hi insurance guru, may I ask what is the formulae on FMC, fund management charge?
Compare to the 3% sales charge on unit trust, FMC is so much higher, esp during late policy year.
As consumer, are u aware this charges in your ilp?

May I ask your expert opinion, normal 36ci and multiple ci, which one you will take?

I have a few questions. I heard from some people that there is a kind of insurance-investment.

Say you keep Rm100,000 with them, after 20 years, the money will become Rm1m.
1. What is this kind of thing call?
2. Is this some kind of insurance scam?
3. Also is it income tax deductable?
4. Do the insurance company really pay you after 20 years?

I am kind of hesistant when it comes to insurance as I heard insurance when they want your money, they are very nice and sweet to you. When you want to take money from them, they give all kinf of excuse. In the end, you cannot get back your money.

Hi everyone,

Would appreciate some insight into medical insurance I've been reading lately.

Been reading articles about how more n more people, especially from China mainland r buying medical insurance from Hong Kong insurance companies, because it seems that medical insurance companies in Hong Kong r the best in the world.

They maybe the same international companies, like ING, AXA, AIA...etc but their coverage, max payout n time needed for reimbursement is the highest n fastest in the world, as it is enforced by the Hong Kong government.

I guess what I'm trying to ask is: is this REALLY true?

Would like to hear what your thoughts r on this.

Thanks!

every sifu here, what would be the main difference/ standout of prudential life vs. GE life? been about 2 years with GE, but recently the service agent quite disappointed me. Thought of switch to prudential

Hi hi, would you pls advise what is a proper agent?
Any criteria to meet?
How the consumer will know if their agent is proper?

Hi all sifu, I am new to insurance and I do not know what is the plan best suit my needs.
What I want to know is, is there any policy that cover 3rd party specialist that is not under hospital ?

I always do sports and I do have alot of sports injury. some 3rd party specialist will be able to treat the injuries without the needs to go under the knives and admit to hospital.

1)Will the insurance able to cover this cost ?

2) if i need to go for a MRI scan then may need to do an operation for the injuries, will insurance able to cover this as well ?

Will a normal medical card able to cover this ?

Thank you in advance.

Let say a person insurance premium is RM 200/ month

GST 200 * 0.06 = 12 ??

Let say i have an insurance package with investment linked, is that possible that i only drooped the investment part to reduce the premium but keep the other like life insurance and medical card etc.

a friend of mine once told me that, he stopped putting in the scheduled investment premium, the policy was told to be still alive, as long as the monies he had put into the policy can still generate the $$ to cover the insurance charges...which is low. no idea which company that was....

Happy New year everyone.

So I have some query on the following scenario:

Was with a GE agent today.
It all began after I told that i'm planning to buy a house in 3 years time.
He told me to get the GE SmartProtect Max (SPM) as he said that it provides a sum assured of 500k as life insurance. He said that it's very good rate for me to start paying premium now, and for the next 20 years, since this SPM has a coverage for 30 years with a low premium for my age of 26 years old.

At the same time, if i'm not mistaken, he's also mentioned that this SPM is rather flexible and somehow/has something related to MLTA, knowing the fact that eventually i need/will get this MLTA from the bank/insurance company once i begin my house loan.

So he was suggesting that I start this SPM plan earlier, as i will get life insurance + MLTA (in future) together.

My questions:
1. Is this an appropriate way, by merging life insurance with MLTA?
2. Do i need the life insurance? coz i'm planning to sign up for an ILP linked medical card from GE with sum assured of 200k.
3. What are the disadvantages of this SPM?

Many thanks.

Seriously?
If include wop and female ci?

Also what is mean by Level schedule top up from policy year 1 to 62?
The figure for level schedule top up is around 4k in quot, but the agent told annual premium is 7.5k.

The policy is 8 years old, now request for upgrade on sum covered for the same policy.
Shouldn't have unallocation premium right?

In my view, it should not have unallocated premium anymore for 8 years old policy, even on increment on premium.
I will further confirm.
Any other view?

I know I have agree with Citibank to take their insurance. But this is too much

[attachmentid=4316231]

Because since I have 3 citibank card (Shell, Clear and Ready Credit), they charge me 3 times! Any idea how to cancel 2 of it? Didn't receive letter from them bout the insurance...