Answering before ExpZero

TPD means total and permanent disability. So, what layman calls as disability. However it does have to fulfill condition as set out in the policy contract. It is defined in the policy contract.

The name... Is probably varies among company. Basically just provide regular income, be it annual or monthly, upon confirmation of TPD.

Actually most companies will have similar product, but usually as a rider (means must ride on a life insurance), cant standalone.

Btw: i dont have insurance agent to recommend, sorry about that. But many lurking around in this forum. My policy is with hone leong assurance.

HI,

have a few question here,

1- Is there any medical card that we can customize to have co -insured on the first 10k claim and full claim after 10k.
2-Is it true only prubns offer inpatient cash allowance for private hospital other only cover govt hospital.
3- Is there any life assurance that include will writing (syariah compliance)
4- what is the best package (not specific product or company) for a newborn. im talking stricly on medical coverage.

1. No idea. Though i checked prubsn medic essential. Seems to fulfill your requirement. Just the way you look at it is not how usually insurance company describe it. But i think there should be others out there.

2. Not true. Yes... MEDICAL CARDS give cash allowance when admitted to gov hospital only. Since conventional medical card already covered for other expenses related to private hospital.

The USUAL is actually purchase a SEPARATE rider that provides additional cash allowance upon admission to private AND gov hospital. So, no, prubsn is not the only one doing it. It's just NOT included in the conventional medical card benefit.

3. Unheard of.

4. I believe normal medical card is sufficient. That's me, coming from someone who doesn't have kids. You might want to look at those offering coverages for juvenile critical illnesses but those are like super specific illnesses, like kawasaki, severe asthma (note, it's severe), etc. One would need to fulfill conditions set out by insurance company before one can claim.

+1, Great Advise

1)Most of the company have the plan standardize, meaning to say that you can only choose from the a few given plans and you can't customize it.
2)Nope, almost all the companies provide Hospitalization Cash Allowance as a separate rider including Private hospital. However, most of the companies integrate government cash allowance in the medical card itself.
3)Nope, life insurance and will writing is two separate things. You don't need a will to execute Life insurance, Will do not supersede Life Insurance unless the Life insurance is without a nomination. If you would like to write a Will, you may engage a lawyer or some Will writer like me to write a Will on behalf of you or else you can get template online and write yourself too.
4)There is no best package but the package that suits your budget and needs well. Great Eastern are having great Investment Linked plan with medical card up to RM990,000 annual limit, unlimited lifetime limit and no co-insurance for RM170/month including Payor waiver for the parent.

What is different between Aia life planner and Aia agent?

Thks guys, will research further, the reason im asking is my co only cover up to 10k and the rest is co share. and for my kids just need some extra coverage for example fully covered when seeing gp/specialist (no need guarantee letter).not sure this exist.

Nah... Those will not be covered under insurance unless hospitalised. Most likely possible with good employee's benefit.

I think it's just AIA 'beautifying' the name.

Makes it sound more professional and they probably get their agents to do house loan and PRS as well, both are available through AIA.

AIA Life Planners
This is part of the Company's rebranding exercise to build planners instead of agents who just sell.

We are equiped with financial health checks application which is a tool to put our financial situation in a clearer, easy to understand picture. So a Life Planner should be able to meet your
1. Life insurance
2. General Insurance (Motor, PA, Fire, etc)
3. PRS
4. Takaful
5. Mortgage
...needs.

This post has been edited by JIUHWEI: Sep 17 2014, 01:20 PM

I heard that Prudential is hiring people with over 3K basic as you pass their exam and etc. Any "tips" on what the exam will ask? And will it be very stressful? I know cold calling is part of the process of earning your sales though.

Tell me more. Agent Plan I suppose to pay you big, flexible... But this flexibility? Is it like FMCG? I do sales before 5 can balik kampung due to experience.

thats what i think too. its a golden advise. thank you very much

AIA is offering up to3k or 5k basic for the first year if you pass our interview.

Take AIA medical card. No co insurance. Available in conventional insurance or takaful

I would like to point out aia is not the only one with medical card without co-insurance.

takaful better choice then

my budget around 150/month

can anybody suggest me a good insurance ( i dont need savings )

hi..newbie here in insurance related stuff..just want to ask..what would be the ideal amount to pay for medical insurance per month?

Rule of the thumb, for insurance, no more than 10% of your income. If you spend too much on insurance, you will not have much left to invest to make your money grow.

It would be better if you invest and using the returns for the investment to finance your policy.

Figuring the number you should insured yourself requires a bit of thought. A rule of thumb suggest you get 5 to 10 times your annual salary. But if you want to be more precise about the number you should get yourself insured, think about how much money your family would need to cover the lack of your income.

Getting a life insurance isn't for everyone especially for one that have no dependent. If you have no parent, no sibling, no spouse and no children. What's the point of getting insurance right? However, most of the time, that's not the case as we will definitely have someone who we care when we are leaving the world.

Shall you are a married person, you need to know how much is your total debts as well as your mortgage so that your family doesn't have to worry about these obligations. If you have a spouse that doesn't work or are incompetent to find a job that could easily replace your position as breadwinner, you should take this into account seriously.

Furthermore, we need to take into account that how long does my partner will able to support the family without you as the source of income. You need to calculate the cost to raise your youngest son to age 18, a term or investment link would probably suits this situation.

Obviously there are other people in your life who are important to you and you may wonder if you should insure them. As a rule, you should only insure people whose death would mean a financial loss to you. The death of a child, while emotionally devastating, does not constitute a financial loss because children cost money to raise. The death of an income-earning spouse, however, does create a situation with both emotional and financial losses. This also goes for any business partners with which you have a financial relationship (for example, shared responsibility for mortgage payments on a co-owned property).

Summary (TLDR)
Life coverage = Total liabilities - asset + Family obligation(Parent/Wife/Child)
Critical Illness coverage = 5 times annual income + a medical card preferably half a million annual limit.
Premium = 10% from your income.

Allianz power link medical card
Medical fee As Charged (Subject to Reasonable and Customary Charges) and based on standard charge rate for all private hospitals based on the Private HealthCare Facilities and Services (Private Hospitals and other Private HealthCare Facilities) Regulation 2006 of Malaysia

Last time do surgery RM4k at 2006 but now already 2014, there is not Rm4k anymore for the same surgery. Now the healthcare fee is RM20k already.

So Allianz medical user need to fork out RM16k by their own pocket