So far, what I know is that Life and Endowment are not subjected to GST.

Critical Illnesses policy also not subjected to GST unless it is added as rider to your ILP.

The rest and the other riders all kena GST.

Correct me if I'm wrong.

Thanks for the info bro, I forgot to mention the child education plan too.

This post has been edited by frosteer: Apr 1 2015, 10:04 PM

I have encounter a special case lately.

A friend of mine got his insurance claim rejected. He went to clinic due to a very bad headache, and the doctor actually wrote a letter and refer him to hospital.

In the hospital, he went for some scan, and then admitted to hospital.

During admission, he wanna use his medical card but the GL was declined.
After that, he received a letter from the company notifying that they cannot pay the medical bill on his behalf basically they think the issue can be resolved without being hospitalized.

I've heard that when a policy is new, like 2 years, company sometimes will decline GL first, but they will pay once they investigate and confirm the case is genuine.

And in this case, my friend case was totally being rejected. But my question is he got the refer letter from doctor (clinic) to get hospitalized in the first place. It is a professional advice from a doctor for him to get hospitalized. I think it is a very good proof that he need urgent and higher level attention than usual headache case but his case got rejected totally......

So far, I've encounter some case where my own clients was hospitalized but all went through smoothly. I have never encounter any case where the GL is declined, thus I'm not sure is this considered normal?

Plus, it is from another company, so it is a little it hard for me to follow up this case. My friend agent based in another state and she seems like not willing to take the effort to help my friend. haiz..... she directly ask him to use company medical card and ask him to forget about this matter as he is entitled to claim from the company medical benefit.

My fren has lost his confidence in insurance now..... to him now it is not the issue whether or not he can claim the medical bill back but if this card is so useless to him, there's no point for him to continue paying for it.

What do u guys think? Do you think this case is a norm in the industry? coz I myself do not feel it is justice for the company to reject my friend's case.

This post has been edited by frosteer: Apr 18 2015, 07:23 PM

Hihi a quick question.

Situation:
Person A already have a med card from company A.
Then her agent quitted, no longer service her.
Now she wants to upgrade the med card and also, at the same time, shift to another company B.

Conclusion, she will get a better med card from another company + agent service now.

----------------------------------------------------------------------------------------------------

Will you suggest her to switch?
Her main concern is to get a better med card and also a new agent to service her. (The new agent is her fren)

If yes, how will you deal with her old policies?
If no, what is the other better option?

Generally, the medical card in Malaysia only cover 90 days for oversea.

If i were to go oversea for 4 months consecutively for study purpose , is there any way to get myself covered for the last month, which is after the first 90days coverage?

My goal is to save money. if I were to purchase the insurance in U.S. via the university there, it is at least $50 - $200 per month.

I have asked about general insurance but the answer is also the same, they only cover first 90 days after u depart. Any suggestions?

Hihi, I wonder if any Prudential agent here willing to help and provide me a quotation?

I'm curious & wanna know how long the quotation below can be sustained.
Will it lapse by itself due to low premium?
Can the quotation go through in the first place?

Plan: Prulink One
Premium: 260 per month
Age:54
Gender: female
occupation: businessman
Completely healthy

Benefits as below:
Sum assured: 10K
Critical illness: 50K (i think is crisis shield plus)
pruflexi med: R&B 100/day, annual 50k, lifetime 1mil
accident med 2k (i think is pruacci med)
Premium waiver

If a client has money challenge and want to surrender her policy as above, what will you advise her?

Hi hi, adele123
She bought it two years back. Cash value roughly only 700, so withdraw cash value is not an option.
Calculation done and her policy will lapse on coming sept if she stop paying premium.

Current situation,
She already decided to let it lapse and already not paying it this month because she's facing some financial challenge.

Yeah the charges is veil veil high. If she were to give up this policy, I' think she cannot get same benefits with same premium again, even now.

Her current premium is rm260 monthly

The only way I can think of is to have her get standalone med card, so at least, she still has medical protection. And for her age now she can get the med card with around 114 monthly

The cons is the premium raise sharply after age 70. Now she paying 260 monthly, if she convert to standalone then the monthly amount at age 71-75 is around 475 monthly, while 76-79 is around 712 monthly.



But I have one question here, coz I see her current policy,the med card only cover until age 70 only. Wat is the cost if she wants to increase it to age 80? It's pruflexi med.

So u suggest just let it lapse, then after that buy another one next time when financial issue solved?

This post has been edited by frosteer: May 23 2015, 04:40 PM

Thanks bros
Just to follow up and let u guys know,

I advised her to keep the same coverage as she can't get the same benefit with the same premium anymore.

After discussion, because the current coverage is already minimal, cutting away the rest except medical card does not help much.

At the end, she decided to cut it completely, and of course I respect her decision.

To me, I always think my job is to share what I know with ppl and they will always be the one who make the ultimate decision.

A quick question, Prudential pruflexi med only cover until age 70?
If I want to cover until age 80, wat can I do and wat is the cost?

Quick Question =))

Medical card usually cover organ transplant (kidney, lung, liver, heart, pancreas & bone marrow) However, it only covers the surgery cost but does not cover the organ.
Is this correct? Please advise, thanks =)

By the way, is there any AIA agent here can help too?
I heard the latest AIA medical card (sample: R&B200, annual limit 1.375 million, lifetime no limit)
covers both the organ transplant surgery cost and also the cost of the organ. Is this true?