1. There is no limitation of claim for for all the Life/TPD/36Critical Illness, you are free to claim for all the companies you bought once the event as mentioned above happen.
However, the only limitation is medical card coverage. For some of the medical cards that do have with co-insurance or the bill is over the limit of your medical card, the co-insurance/over limit price could be bear by another medical card(in Great Eastern, I'm not sure do other company allow this).

Example:If you have "Y medical card R&B100, annual limit 50k, co-insurance 20%(no max)", "X medical card R&B200, annual limit 80k, co-insurance 10%(max RM500)"
If the total bill is RM50k and you used room&board RM300 for 3 days, you need to pay RM50,000 x 20% = RM10k(co-insurance), and the room&board of RM300-RM100 x 3 days = RM600. Total RM10,600. However, you may bring this RM10,600 to your "X Medical card", the RM600 extra room&board will be bear by the "X medical card" and the rest RM10,000, you only have to pay RM10,000 x 10%(max RM500), that is only RM500.

2.As Steven mentioned, Life/TPD/36 CI works globally, but you are advise to have your own medical coverage because *touchwood* if major illness happens, your medical card with your company will be terminated, if your service with your company is ended by your company.

For term assurance coverage up to age 60, Death and TPD, quotation from Great Eastern is.
1)RM500k, Life/TPD = RM220.10/month, Life/TPD/36 CI = RM325.10/month
2)RM1m, Life/TPD = RM440.15/month, Life/TPD/36 CI = RM545.15/month

For Whole life assurance coverage up to age 99.
1)RM500k, Life/TPD/36CI = RM1211.90/monthly or RM13,850/yearly
After 10 years, Total Premium paid = RM138,500, Surrender value = RM117,955, Coverage = RM677,470.
After 20 years, Total Premium paid = RM277,000, Surrender value = RM396,783, Coverage = RM1,063,263(double).
After 30 years, Total Premium paid = RM415,500, Surrender value = RM832,146, Coverage = RM1,425,746(almost triple).
After 40 years, Total Premium paid = RM554,000, Surrender value = RM1,536,198, Coverage = RM1,997,198(almost quadruple).
After 50 years, Total Premium paid = RM692,000, Surrender value = RM2,682,588, Coverage = RM3,006,588(almost 6 times).
After 60 years, Total Premium paid = RM831,000, Surrender value = RM4,679,073, Coverage = RM4,840,073(almost 10 times).

What is Surrender value?
It means that when you surrender your policy(terminate your policy), this is the money you will retrieve. For example above, after 20 years, the total premium you paid is RM277,000, but when you terminate your policy, you could take back more than you have paid, ie: RM396,783.


Investment linked.
RM500k coverage, Life/TPD/36CI, medical card R&B200, annual limit RM120,000, lifetime limit RM1,200,000, Waiver of premium. RM400/monthly
RM1million coverage, Life/TPD/36CI, medical card R&B200, annual limit RM120,000, lifetime limit RM1,200,000, Waiver of premium. RM700/monthly

If you need the explaination between term vs Whole life vs investment link, do let me know.


Job changing, smoking status, high risk activity changing and non-disclosure is important to report to the company, especially unintention non-disclosure as this may greatly affect the possibility of claim.

Any hospitalization for illness or accident can be claimed under medical card. To make it simple to remember, if the hispitalization happen is not of your wish, it is claimable. Eg:pregnancy, dental etc is not claimable.

To answer your question, yes, it is claimable.

Yes, high risk sport like diving and parachuting is required to declare, a minimal loading is expected to impose. You are required to inform the company if in the future you are no longer involve in those activities to remove the loading.

May I know the plan name before I start commenting?

I believe this question is best answer by AIA agent or your own agent, however, my view is in blue colour font.
medical cars is different in every company, do your research is very important, do look at the price, annual, lifetime and inner limit. Especially the outpatient cancer and kidney dialysis.

1) assuming 42 female for question 1, rm25,970
2)yes, it is your obligation to declare as iris one of the question in proposal form.
3)term with CI or without? Whole life with CI or without? Par or non par plan?

Every plan is good if that is suitable for you.

I would suggest you to look for third party comment like
http://senseofmoney.blogspot.com/2011/04/c...cards-from.html
In his blog, he do compare all the medical cards in Malaysia and it is very clear that if you want no co-insurance medical card, you are paying at a premium price, means you are already paying your "co-insurance" before you are admitted.

Since great eastern's medical card is comparably cheap to others, I assume that you could upgrade your card to room&board 400 and then you can forget about the 20% co-insurance.

Well, in the end, I dont get any commission, do your own choice

A comprehensive coverage including critical illness is vital if you have the budget. if you are tight in budget, try to get investment link plan.

Ask your agent to provide you the illustration from ILP calculator. I'm unable to provide you a good projection because I can't factorize the cash value in your policy.

however, 2000/year is a suitable premium for the above plan.

Projection is still projection since the performance of fund is still unknown. However, your agent is ok la, since he is so prudent.

You are right, GINCR pays 10% p.a.
Yes, it waives on CI/DD

Ya you are right, the insurance charges applies in the 5% increase every year. However, for the new product, Smart Protect Essential 2, the increment of 1% yearly in basic sum assured doesn't apply insurance charges.

You are right, 2.92% of the Internal Rate of Return. Is the 55298 is the cash value/surrender value or the maturity benefit?

Try to compare maturity benefit, usually it yield 3-4% IRR.

You are advisable to get Investment link with life protection only as the insurance charges in investment link increase every year.

You may reduce or increase according to your needs every year but it will underwrite on your health status on the application time.

It works the same as what you need now as
1)term policy for 1 year. The insurance charges only charge you the current age mortality charges with renewable feature as long as you pay the premium.
2)renewable, If you choose not to pay, it will lapse on its own.

Hi,

I'm not familiar with PMM3. perhaps can you give me a camera shoot of the benefit included in the PMM3? As I know PMM3 is having the 20% co-insurance if over room&board. So, basically it works almost the same with Smart Medic.

It's not advisable to keep 2 medical cards due to the hassle in claim(if it's different company, you have to chase and follow up with the company) and it's only claimable up to your medical bill, because it doesn't work like lump sum payment insurance(life/TPD/36 CI).

If you have the budget, I'd advise you to call your agents and ask them for a upgrade of medical from both companies. Compare the upgraded version of both company and then cancel the remaining one will save you some money with better benefit.

Certified true copy can be used, please refer to the attachment below.

http://www.greateasternlife.com/en/jsp/pdf...ims/DTH_INT.pdf

Yes, you are right, Losing of one leg OR one hand is not under the definition of TPD for Life policy. Under PA, it's under partial disability which is payable under a certain percentage.

As long as the unfortunate is happen and it falls under the definition as per policy contract, Any insurance company will pay it.

You may pm me the procedure to cancel your SM200. Since I' already in this line for long, it's not a big hassle to provide you this simple service

It's always better to do Credit card auto debit or Bank transfer to prevent any "songlap" or procrastination.

Nope, need agent's consent to transfer commission. Most of the time, only transfer of servicing agent could be done practically.