Hi,

I've purchase a ING Prime Life insurance since 2010 @ RM6k p.a. Recently my agent persuaded me to upgrade the plan esp for medical. Previously with ING my lifetime limit is RM1.2mil. Now with the upgrade, I can get unlimited lifetime limit with AIA (as AIA acquisition ING) at no additional premium paid.

Due to the rider name different from ING and AIA, she mentioned that it cannot be upgraded like this. It has to purchase a new policy, my cash value in ING can be transfer to AIA.

She added that beside the unlimited lifetime limit in medical, there is another benefit whereby AIA can offer is anniversary bonus (increase by 1% per year for 20 years, max is RM100k depend on your sum assured). In other word, total death benefit is Basic Sum Assured + Anniversary Bonus + Cash Value.

Plan that she offered:
A Life Link (up to age 100) RM600k
A Plus Critical Care (up to age 100) RM600k
A Plus Hospital Income Extra (up to age 100) RM100
A Plus Waiver Extra (up to age 100) RM6k p.a
A Plus Med (up to age 100) RM150 room board

I'm wondering whether to purchase new one and surrender old policy. I'm afraid that she is concerning her commission since my current ING policy is about 4 years (as agent will entitled 6 years of commission if i'm not mistaken), hence to persuaded to purchase new one so that she can entitle another 6 years of commission.

Appreciate advise from you guys. Thanks

This post has been edited by stoppy: Oct 15 2013, 08:47 PM

Annual limit: RM100k
Lifetime limit: Unlimited

This post has been edited by stoppy: Oct 15 2013, 10:43 PM

ING/AIA agent, I need your advise.

I've purchase a ING Prime Life insurance since 2010. I would like to upgrade the medical to A Plus Med (up to age 100) RM150 room board.

But my agent said it cannot be upgraded unless surrender the ING and purchase new from AIA. Reason being is term and rider is different from ING and AIA. Is that correct?