ChinHong86,

send me info on your unlimited protection plan. (plans, limits, conditions, sample contract) - want to check it out.

does anyone has the cost of insurance table/chart for prudential crisis cover income rider & the similar rider from AIA (not sure what's the product name for AIA, could be disability income rider or something like that)?

appreciate it if you could share it out. thanks.

its depend on ur age and sum assured

that's why i'm looking for the cost of insurance chart/table

Health expenses are actually quite manageable except when terminal diseases of cancer, diabetes strikes.

Cancer treatments commonly available in Malaysia include chemo and radio therapies. The next gen, already popular in more sophisticated societies are Molecular Targeted Therapies, where only the harmful cells are targeted. Downside is, cost for an advanced cancer can go as high as RM500,000 per treatment. Other than the rich who needs no insurance, insurance is the best way out for most of us.

Diabetes or specifically kidney dialysis is ever recurring and very costly.

Now why are AIA and AXA policies the worst: -

1. Look carefully at the contractual wordings aka fine prints, you will see that cancer out-patient and kidney-dialysis are the only 2 classes of treatment with lifetime cap.

So a promise of RM500,000 lifetime limit is not very useful when cancer outpatient is capped at RM20,000; right?
And kidney dialysis capped also at RM20,000.

Allianz policies do not cap, as long as the lifetime limit has not been exhausted, you can continue using the limits allocated.

2. For non cancer and non diabetic (kidney) related treatments, insurance companies don't lose alot. A complicated triple heart bypass only cost RM30K - 50K everywhere in Malaysia, that is nothing.

That is why the only company that make handsome profits from health insurance policies is AIA.

3. AIA policy even has stage claims, if you read the contractual wordings for all health products, you will find AIA's products most complex. And it is hardest to claim. That is why they offer the highest limit.

4. Co-insurance. Allianz is bad in this area, because if room and board entitlement is breached, 20% of overall bill has to be absorbed by the patient. ING & GE does not have such requirement.

5. Excess. Look out for excess in health insurance policies, introduced in 2006 by Bank Negara intervention. First RM500 or RM1000 to be paid by insured, to curb suka-suka masuk hospital. Modern day policies do not have such clauses anymore - if u have pls change.

If not mistaken, GE does have such 20% co insurance with no max cap if stay in >R&B limit

How is Allianz vs AIA vs Prudenial for baby medical insurance?

In addition to this, Allianz co-insurance for breaching room and board limit is 20% and up to max RM1000.

For GE, MaxWealth is true because its 20% up to no cap if breach the room and board limit.

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Added on December 30, 2010, 4:47 pmThese 3 companies have investment linked policies to cater for ur baby's needs that starts from RM100. Get the 3 quotes in and compare for urself.

I'm from Allianz and I can give u a quote, and u can ask other forummers which is better among the 3, because i may be biased to the company i'm representing. Give urself a fair comparison ok?

I'll pm u to give u a rough idea on Allianz's products.

This post has been edited by chew_ronnie: Dec 30 2010, 04:47 PM

AIA agents out there, can u elaborate more about critical illness income rider or other disability income rider that you have? thanks.

Income guaranteed rider = Annual payment starts on the 2nd policy anniversary following the disability and continued payable
up to age 65.

Critical illness shield - Living Medical Care Benefit = If you are diagnosed with a critical illness, you will also receive the amount shown opposite each year, for a maximum of five years. The first payment will be made to you 31 days from the date you were diagnosed with a critical illness.

MNet,

simple and very efficient solution is this: add a top up with AXA. also note the 60k limit only applies to OUTpatetient treatments. hospitalisation to cancer (any cancer!) is covered. with a good additional cover you should be fine.

wat mean by in patient cancer treatment and outpatient cancer treatment?

normally which is the case?

MNet

i was under the assumption you know. any (necessary) treatment involving a confinement of at least a day to a hospital is covered. this includes take home drugs for 14 days with axa.
any treatment not involving a confinement or involving an outpatient visit is not covered beyond the 60k lifetime limit.

if you add a top-up policy to account for that you can create substantial coverage even for cancer and dialysis.

for example now i have ILP, i want to stop the payment.

Inside the ILP still have cash value.

So wat can I do to only keep the cash value without continue paying the COI?

Cancel the rider and ?

for premium holiday u can opt to basic only or basic with rider

Even u reduce/remove all riders, COI is still applicable on the basic/life/tpd. The only best thing to do is by removing everything, it will lower down the COI, not stop COI charging.

I don't want to sell the UT to cash out 1st.

I want to wait the right time when the UT is high price then only cash out.

So there is it possible to keep the UT but cancel all the rider+basic/life/tpd ?

Rider can, but not basic life.

Yes u can if u get pure unit trust ie. Public Mutual or any u can think off.

U can remove everyting in ILP except basic life/tpd which will deducts ur units too. That is the only best thing u can do.

Reduce the sum assured to the lowest possible and keep only basic plan (cancel all riders). Do this only if you DO NOT need any insurance coverage and you are clear about what you are doing