yes. that was what I was being told too.
(change to a better plan when you are young and healthy)

but I gotta admit I can't really tell whether all the information I was informed was the "whole truth" so most probably i'll get another friend to have a look at my current plan... if really there is nothing they could have done to upgrade the current plan...might as well get a new plan.

Now I felt more reluctant to have the life plan as I was offered to have something like a package where you will get medical card and life. But when I asked to my agent why not just offer the medical card to me he just mentioned that it's a better offer to get both. Hmm....I need to get more information on that too...

Some tips for u when u have doubt.
Ask question, listen, understand but don't accept it first.
Repeat the same for few more ppls answer, then you will get better picture.

I did that on 2 agents from aia, few more agents from different insurance company.
I even called to aia call center, spoke to different officers when I have doubt on agent's word. 

Do the same and tell me if the old policy can't have the medical card upgrade on limit.

For the agents here which I troubled a lot, happy new year and I love your professional advice. 

Hey guys, i received a letter from GE relating to me about:-

A. GST - which I am aware of this
B. Topping RM20 bucks on my existing monthly premium

Should I be topping up the additional RM20? My current monthly premium is RM150.

Here's my current coverage breakdown:
[attachmentid=4307001]

I don't quite understand the damn letter that GE sent to me. GE lump up both details about GST and topping up RM20 into one single letter. Can't they do it in 2 separate letter?

Stingy basterds want to save cost.

Sorry about the rant, anyway, referring to the attached coverage details, should I be adding topping up the additional RM20 for the rest of my life?

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...

Hi everyone.

I kinda got lost in the thread trying to identify from the discussion which medical insurance (medical card) I should take up. Would like to find out which medical insurance provider can provide me the (1) best coverage, (2) easier claiming process. Apologize in advance if this has been discussed before, as I could not find the info.

At the moment I am currently covered only by the company's medical insurance (via AIA). Thinking ahead, I would like to have a good medical coverage post retirement. Guess I should start now even if I'm not using it since I might pay higher premium if I start one at later age (post retirement).. correct me on this assumption if I'm wrong.

For info.. I'm a 35yr old guy, single, non smoker, prefer single room coverage.

Budget-wise, not sure. Need to get a premium quote first so I can have a feel if it within comfort budget.

Any sifu's or agents can help? Many thanks in advance.

I am not agent nor sifu.
Lately I surveyed on medical card as well. Some point to share.

Medical premium is annual and increase by age, buy now or later will the the same. The key is buy when we are still healthy, insurer may reject our coverage when we are not healthy

Beware of the limit, by annual or life. Medical expense is increasing, 10 years later we will not sure even 1m is sufficient.

Check limit on cancer and kidney treatment, my current which bought 8 years back is very low...

I prefer medium range room and board, I don't mind to share room. If I cash rich when admit, touch wood, I can top up from my own pocket to stay single room.

Prudential having policy clause, no cancellation, of coz Good one come with cost.

For your comparison sake...

My policy reads

So ya, if they cancel the whole portfolio, then my medical card kaput. 

Supposedly life insurance companies usually has guaranteed renewable feature. General insurer usually on a yearly renewable basis. Whether life insurance company is doing it due to regulations, i have no idea.

We are tax payer, we are not encourage to use the government hospital?

I think he suggested option, why not?
It is good for us to know there is other option.

Well, there are mistreatment from private hospital also. Why don't you list it out also?
I still remember I admitted 1 night for no reason and suffer MRSA due to the doctor simply give me antibiotics.

Hi all, my apologies for butting in mid-discussion, but I was misled by an ex-mentor into purchasing a different policy using fraudulent sales practice and I'm in dire need for second opinions.

Before diving into the explanation, I wish to let you guys know that I’m aware of my own lack of foresight that allowed this to happen and that I appreciate any advice about some of the solutions I’ve came up with. I do not blame the insurance company on this, but rather the agent’s misconduct and my mistake for trusting him.

A brief background - The ex-mentor used to be a trusted adviser as well as colleague for a year. When I was working with him, he introduced a few colleagues and me to what he claimed as a “forced savings plan”(FSP).

Details here:


By luck, I’ve ran into people who is well-versed in this field, and explained to me thoroughly what the couple had purposely left out yesterday. I was devastated and depressed by this finding, as I’ve unknowingly dragged my family down to this as well. Apparently, he presented only one plan to us and sold us the other. The FSP is indeed legitimate and can be found on the official site of the insurance company. The catch is, he made us signed another kind of plan, which turned out to be Investment-Linked Policy(ILP) and it is not as guaranteed as compared to the force savings plans. Apparently, they are greatly advantaged from this act and will not receive any repercussion from doing so should we decide to withdraw the policy 1 year later. At my age, we do not need a plan like that. Also, my mum has yet to receive any policy document and has nothing to refer to.

As much as I wanted to pull a vendetta against him, I understand this is not helping and the best thing to do is to fix the damage first.
After consulting another friend who’s aware of his scheme, this is what we’ve came up with:

1) My brother, my friend and I will surrender our policies at the customer service.
2) If my mum hasn’t sign the acknowledgement slip for the policy plans, then we will withdraw and get back full refund for her.
3) If my mum did signed the acknowledgement slip for the policy plans, we’ve found another agent for her and will change it for her, since it worsen the situation if we surrender her policies now.

If the couple ever call to ask, we’d just tell them the policy is not what we wanted and hereby ending the discussion.

The thing is, I would like to know if there’s anything else important we might have missed out on? Or is there a better way to end this dispute? Thank you for any advice in advance, we deeply appreciate it. I'm truly at my wits end with this problem.

Hi guys, whats the procedure to sign up for Medical insurance?

Medical premium always goes up with age one, there is no such thing buying at young age, then you lock in the low premium.

In ideal world, buy medical insurance since first day of born, but most middle class people do not live in ideal world. 

I have a relative bought a medical insurance, experiencing some tumour surgery claimed the medical insurance (bought when young and healthy at age 20s), and now insurance company doesn't want to renew her insurance.

So in this scenario, what is the difference for her between buy the insurance at young age and old age?
Little.

I guess so, I'm just double confirming... thx..
Sigh... it totally not helping for my colleague's case ...

can ask about motor insurance here?

I would think like this :-

If you live in a healthy lifestyle, medical card can be bought later on.
In the meantime, you can try to get a traditional life insurance.
1st, it would be cheaper for your age with a bigger sum assured. Also in the long run,
then sum assured will increase and you can use this life insurance for other protection such as housing loan protection (MLTA)

Actually although i don't know the actual cost of insurance, a friend was agent actually told me about it... it's not exactly something dirt cheap. everything comes with a cost.

the fact that this policy is attached to an investment-linked gives the illusion that you pay the same amount every year. your cash value will be depleted later on.

thanks for the response.
found this new website..just launched on 7 Apr
pls review and advise if it is useful to laymen in Malaysia?
what is the % of relevancy in Malaysia context?
http://www.comparefirst.sg/wap/homeEvent.action

anyone here is familiar with great eastern medical card?

I planned to get a insurance with medical card for my new born baby, had received quotation from Allianz, AIA, Great Eastern and Prudential accordingly. Great Eastern medical card sounds very good with reasonable price, but i heard from another agent that this great eastern having hidden clause on the medical card.

I was being proposed a medical with room & board 200, annual limit 1.32mil, no lifetime limit, but other company agent told me that actually there 2 rider in this medical card, 1st rider is annual limit of rm120,000, if exceeded rm120,000, den will only trigger another medical card rider with annual limit 1.2mil, but this 1.2 mil comes with so called 'deductible' RM120,000, which is bear by the 1st medical card rider with annual limit 120,000. The best part is, if in the same year, i finished RM120,000 annual limit with admission due to different case or same case but more than 90days, the deductible 120,000 need to bear by my ownself!! For example, touchwood that my boy admitted on january due to some operation and spend 90k, and admitted again on october with different operation that spend 200k, in this case, I would need to pay 90k my ownself for the 2nd operation, as annual limit is 120k only, 1st operation ald used up 90k from 120k limit, mean i only left with 30k limit, 2nd operation need 200k, which is admission due to different case and more than 90 days from 1st admission, rm80k will bear by 2nd medical card rider, and rm30k will bear by 1st medical rider, and the remaining 90k i need to settle myself! is this true? I'd checked with the great eastern agent, he said will check and get back to me, meanwhile waiting for my agent reply, anyone is from great eastern here that can help to answer this question?

If this is incorrect, and no such term and condition, no doubt i will go for great eastern policy......

hi bro, thx for your sharing, this is another hidden clause   
btw, do you familiar with the question i posted regarding great eastern medical card 'deductible' term & condition?

Hi,

I'm an experience Great Eastern agent and were an ex-staff who works in Great Eastern too.

Regarding the Portfolio Withdrawal policy, company do not have the right to cancel your policy individual basis but rather on the portfolio withdrawal. Which means that whatever health condition occur to you after you have bought the medical card, the company have to cover you as long as the company have to maintain the portfolio.

Please refer to the attached brochure : https://dl.dropboxusercontent.com/u/9609565...20%2B%20SME.pdf

Page 3, Question number 3, "􀂏or if the Company withdraws this rider completely from the market," clearly stated that the company unable to cancel your policy on individual basis but rather this has to be done for the whole portfolio. Some agents might unable to understand the sentence correctly and may accidentally interpreted wrongly. To understand more about this please call Great Eastern official Customer Service at 03-42598888.

You may also refer to Allianz's brochure at https://www.allianz.com.my/web//ctb/10098/10014# , click "Find out more" and click the first link. Page 4, Importance Notice, Point number 5.

Although Great Eastern is having the exactly same clause but is this means Allianz going to withdraw your medical card when you are ill? I wouldn't be the bad guy to badmouth other company. Allianz won't do that on individual basis, so you also do not have to worry about it. But all the insurance company reserving the right to alter the benefit on portfolio basis but not individual basis.

Hi guys,

I hv been talking to PRU and their agent told me that co-insurance is mandatory for any of their hospitalization policy. Is this true ?