Just to find out how much you are insured and whether you're trying to launder money with insurance. They can check with Liam actually but depends on how truthful are you

No worries if this is your first time applying insurance. It's a standard guideline set by the industry.

Provided your health is still good then it's worth to go for the upgrade. Please do keep your old medical card for 4 months while waiting for the waiting period for the new medical card as well

AIA a med regular provides rm1.1Mil annual limit with no lifetime limit and no co insurance.

You might be surprised that certain agent will use this to confuse their client for their own insurance sales advantage as most consumer are not knowledgeable about insurance product.

Good to have such clauses for the policy holder. The insurance company will bear all the risk until the day they claim until bankrupt as they can't withdraw the product. The reason such clause exist is to protect the insurance company in the event of loophole such as an abuse on the insurance product offered in terms of claims or underwriting during that time was too lenient.

Not a big issue. I dont see why this issue needs to be magnified. Unless it's an intention to pull down other life companies aside from company P who is providing such guarantee. Then let the consumer decide.

This post has been edited by lifebalance: Apr 8 2016, 06:43 PM

Okay whatever float your boat.

Top in overall =)

Agreed

GE has the withdrawal clause. I've checked

ic, any publication or letter saying this ?

100 is abit tight but do able

Sounds like a familiar sentence I heard before.

Cheers

yeap possible if you're still young, definitely not when you're much more older e.g age 40 & above.

Refer to http://www.aia.com.my/content/dam/my/en/do...Med_Regular.pdf

Standalone medical card.

Just to clarify for the Withdrawal Portfolio Condition clause mentioned few post earlier. AIA had already remove that clause on 1st Dec 2015.

This post has been edited by lifebalance: Apr 14 2016, 07:28 PM

It's a term coverage whereby the premium increases as you age. No investment value. If want long term lower cost ownership then get a investment link plan.

An investment link plan is whereby the money you contribute to the insurance policy is spent to pay off the cost of insurance and then the balance is used to purchase units in investment funds. Similar to unit trust.

E g you pay rm200 per month and you're age 20
Your cost of insurance for the policy is only rm50. The excess rm150 is spent to buy investment funds to get you returns for your future cost of insurance. E.g when you get older your cost of insurance increase due to higher risk to die or contract diseases.

As oppose to you buy uforlife and pay Rm50 per month. Sure it's cheaper now but you don't have any investment to pay off your increasing cost of insurance in the future. Which is why term policy is always cheaper at first but gets more expensive later on.

This post has been edited by lifebalance: Apr 14 2016, 06:03 PM

glad to assist

yeap, as explained in the following post that the investment returns will be used to pay off future higher cost of insurance.