for Personal Accident policy, izzit we can only claim from 1 insurance company? y always those credit card called to offer me PA told me that we can do multiple PA claim?
INSURANCE TALK, ok let start
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 Sep 19 2013, 12:19 PM
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Sep 19 2013, 01:50 PM
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QUOTE(yklooi @ Sep 19 2013, 12:36 PM) seems like ok wor..you need to confirm again lah hmm...thanks for the info..cheers.. Multiple coverage If you have purchased more than one PA insurance policy, in the event of your demise or disablement, you or your beneficiary, as the case may be, will be compensated under each policy. However, for certain expenses such as medical expenses which are compensated on reimbursement basis, you will only be compensated once. http://www.insuranceinfo.com.my/choose_you...t_insurance.php   the website you provided is really informative and useful..but still... i hv some question...can anyone help me? i hv an investment linked life insurance, izzit ok to use/top up current investment linked life insurance and consider it as MLTA? or buy another life insurance and threat it as MLTA? cos MLTA is also a type of life insurance and also i think ordinary life insurance cover more than MLTA.. This post has been edited by deity01: Sep 19 2013, 02:08 PM |
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Sep 19 2013, 04:55 PM
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QUOTE(ExpZero @ Sep 19 2013, 04:46 PM) Unless medical expenses which is reimburseable based on the receipt, all the other like Life insurance, 36 Critical Illness, PA etc are fully paid upon occurance of the specific event. traditional life insurance wont change? i thought it will too...It's okay to top up your investment link to increase your life protection and treat it as MLTA. However, Investment link's insurance charges tend to increase with age. You may also option to purchase a traditional life coverage to fixed your insurance charges because the insurance charges for traditional plan is fixed at the inception date(the day you bought the policy). and the premium of my investment linked so far hasnt changed...well suppose n it should hv chanced but the cash value preventing it to "change".. |
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Sep 23 2013, 10:53 AM
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QUOTE(gavin_lim @ Sep 20 2013, 09:22 PM) Yes. You can increase the sum assured of existing plan (may subject to underwriting) to protect your loan. MLTA=life insurance. Since you can top up your existing ILP plan, what for buy a new one? cos i recently only start to survey on insurance although i already hv ILP...I am just considering some options, 1. top up existing ILP life insurance and treat it as MLTA 2. get another life insurance and treat it as MLTA, it doesnt really need to be another ILP, now still learning the pros and cons of ILP vs traditional and got new/other type of life insurance? 3. recently found MLTA, usually with dead and TPD only, now comes with CI..so learning tat too at the moment..my ILP comes with CI, izzit still better to buy MLTA with CI? also learning some insurance for baby/kids... This post has been edited by deity01: Sep 23 2013, 03:04 PM |
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