Hi All.. I need help..
My parents bought me AIA insurance in year 1994. It's called VisionLife Plan. I guess it is some kind of life insurance which included some cash value, death, TPD and critical illness (as per written in supplementary contract). My parents bought this because their friends recommended, but they actually have no ideas what have they bought. Just keep paying annually whatever stated in insurance letter.
I'm newbie in insurance knowledge. Would like to understand more on this insurance contract. Would like to find someone can seriously help to interpret the contract personally. Any pro can help? Is it a good idea if drop by insurance branch office to ask?

if one were to do that,...will it in any way affects the final outcome of the cash value/total coverage value in the end?
is that a "Good" option for him, when he is NOT stating of no monies to pay the annual premium?   

General rule of thumb is usually the return is best when one pays the premium every year, until you no longer have to pay, as determined your insurance plan. so, i usually discourage using cash dividend/bonus to pay off the premium, unless one really has problem paying for it.

you can go to branch office, and ask what is the policy all about. but even customer service personnel was still in school when the plan was launched then. they will try their best to answer you, else you need to get someone financial savvy to explain the t&c to you.     

Disclaimer: this is ignoring opportunity cost, whereby you have better places for your money to grow.

thanks for your frankness...could you please confirm that with the agency/company and not just the advise of seniors or what you think.
Thanks....  

apa maksud anda? saya tak faham.

if this visionplus is a par endowment product (or in layman endowment savings plan), by cashing out the Cash Dividend to pay for premium, one must consider the customer loses to opportunity to accumulate the cash dividend with the insurance company.

so is it just the insurance coverage only that will matter?

I am from AIA.

I would like to point out that every policy you purchase and/or upgrade, there will be admin costs/distribution costs involved, whether or not you buy it from the same company or different company, unless stated otherwise.

Hope this clears the air.

Alright, here the deal.

I have an insurance policy years ago. Been diligently paying, except that I have lapsed payment for months. Did not apply for 'holiday' (or what ever it is that they termed it).

Intended to surrender the policy, as it no longer fit my requirements.

My query is, how much money will I get back?

Will the insurance return what ever it is in my policy, or will the insurance deduct the months that I have not paid, before returning any balance available ?

Outpatient Cancer Treatment       
Outpatient Kidney Dialysis Treatment

PRUValue Med
As Charged (Up to 1.5 times of the chosen Med Value Point per lifetime. MVP option 1.0/1.5/2.0 Million)

Great Eastern Smart Extender
As Charged (No mention of per lifetime)

AIA A-Plus MedBooster
RM750,000 (Plan 150: Lifetime limit of RM250,000 from A-Plus Med + RM500,000 from A-Plus MedBooster)

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Hope insurance sifu here can help to answer some of my questions below:

1. Is there a per lifetime limit for Smart Extender for Outpatient Cancer/Kidney treatment?
2. If there no per lifetime limit for Smart Extender, does the limit follow the Annual Limit and resets at each policy year?
3. It seems like, AIA A-Plus MedBooster Outpatient Cancer/Kidney treatment is less attractive compared to Prudential and GE. Is my observation correct?
Thanks for the help.