is there any AIA agent here?? please pm me!!! thx

Dear All, as a follow up from my previous question. I'm planning to surrender my PRudential CI policy replacing the one offered by Allianz.

RM4k per annum.
Life Coverage RM700k
Critical Illness RM500k - if kena 1st level critical illness claim rm200k

To me it's much better than my existing Prudential Policy. RM3k per annum total coverage RM300k only. Any pro's and con's with Allianz?

This post has been edited by kidmad: Sep 7 2013, 04:42 PM

Please go through your Prudential policy again before making a decision.
From my point of view is, the is imposible if you are paying RM3K - get RM300K protection from company A
& paying RM4K for RM700K coverage from company B for example.

You are maybe charged at a lower insurance fees now, & will definately charged at a higher rate in the future.
2nd point is your amount of cash value will be different. 1 is higher & another lower no doubt its depends on market
performance & distribution from the insurer company.

I'll suggest you maintain your current policy & get a new 1 for RM2K p.a with around RM400K coverage from Allianz
if you really keen on it.
Insurance is for long term . . . . . buying & cancel and again buying & cancel will only profit to the company & agent
End of the day you might not be enjoying the benefits that suppose to be . . .

depending on ppl.. . losing that couple of thousand is just a small piece of money and no, i would not want another policy and btw his doing prudential as well but to get the rm700k coverage it's much pricier for prudential. You are right thanks for highlighting on the part on value of cash. I'll ask him the value on cash portion down the road of 15 years, 25 years and 35 years however at this point i would really like to know are there any other insurance company which could provide me the same amount of coverage with lower premium paid per annum? Also he shared with me the commission paid out by prudential is 40% of the premium while Allianz is only 15% of the premium. Pretty much his a buddy to me i don't think he would be lying and that's where the lower premium comes into the picture.

My concern is always the total payout if anything happen to me and not the couple of thousand which I'm losing right now. RM700k is the ideal figure for me at this point of time and in 3 years time down the road.. I'm looking at the amount of RM1m.. These are on top of the MRTA which i purchased from the respective parties.

This post has been edited by kidmad: Sep 7 2013, 05:14 PM

40% for Prudential agent & 15% for Allianz? Haha . . . hmmm that's why all Pru agent driving big cars. Joking . . .
Nola . . . the commision is standard across all life insurance company as its govern by LIAM.

Investment link policy is 25%
Traditional plan some goes as high as 40%, as low as 10% also have
1 recently i came across with a unit manager from GE, he told me they are having a plan with 0.4% commission
donnu how true is that . . .

haha well that part it's not my concern afterall however like you have suggested I will ask him to review the portion on payout when surrender policy in 15th, 25th and 35th year. Wanted know as well. but less concern as well. as the coverage is above rm400k.. next week have to go do medical checkup.. it's been 5th year since i did my medical checkup.

What's the last age of the protection covered? 60?70?80?

Hi, an agent has been trying to ask me to buy Prudential's medical plan. From their website, I see that they have Pruhealth and Pruflexi med.
Which one should I consider? Any info helps. Thanks.

Would like to ask all sifus here..

May I know which insurance company has the best product training for agents, best seller, or even low premium with high coverage product in takaful?

Or make it simple.. The best takaful company in the eyes of customer.

Any suggestion would be appreciated. Thanks

I have receiving news that insurance companies are reducing their cost of insurance for Investment Link.

What is going on? Any Agency Manager can "ahem" give some insider news?

Xuzen

really xuzen
that could be great news.

however, all the news that I read recently, mostly more on increase of premium paid due to add more regulation la, (which I don't really understand actually)

Haven't got any news so far for this great news, but I doubt it will happen.

Yeah, premium increase not due to Cost of Insurance, it's due to BNM tighten up the projection rule and the projection have to set aside more money in cash value. It's not a bad news afterall(compare to increase of COI), at least it "force" people to save more money.

Hi, is there a medical card that sharing the annual limit for a family?

why my PRU agent told me to pay 1st then claim ? because my insurance have not reach 120days . if i have no money tp pay 1st then how ?

Hi moko, mind if i ask what is the reason for the admission? If it is due to anything that is under the specified illness waiting period of 120 days then it wont be covered at all, irrespective of whether you pay first or not. For common ailment, there is a 30days waiting period.

If its accidental cases, then admission is by the medical card. Do note that there is a small deposit that will be collected by the hospital, Rm300-Rm500.

hi roy , my baby was only 2 month and he had flu(cold) just minor only and i ask for admit because got doctor took take care over him . i just wanted to know how i should pay 1st then claim ? i wont my insurance just cover for me ?

When is the policy start date? If it has past the 1 month waiting period, just use the medical card.

yes Roy already past 1 month period and i got my medical card but agent told me i need to pay first then take receipt to claim later . Why not the medical card settle itself ?

sifus here... I want to seek some advice...

I already have an insurance plan (life+medical+pa). However, this plan do not cover ladies related illness.

If I want coverage for ladies related illnesses, is it better to add on to my existing plan or get a new one?

Nope, not true. Just show the card at the hospital, pay the deposit and get admitted. Common ailment waiting period is 30days. Since it has passed the 30 days, just show the card.

You did go to the Prudential panel hospital, right?