So basically not worth to continue my malaysia insurance? (Just started few months ago)

I can imagine the malaysia+singapore coverage insurance will be a lot more exp right ?

well then you have to compare paying in SGD vs MYR for the premium

So
Let say i continue my malaysia insurance.

I did coming back to malaysia once every 3 months

My insurance will be still cover ?
If i have an accident in singapore, normal hospitalise in singapore not cover right ?
If life & death that kind, am I being cover even im all happen in singapore ?

Yes, within every 3 months, the usual clause

Overseas Treatment
If the Assured Life elects to be treated outside Malaysia or is referred to be treated outside Malaysia by the attending Physician,
benefits in respect of the treatment shall be limited to the Reasonable and Customary Charges for such equivalent local treatment
in Malaysia and shall exclude the cost of transport to the place of treatment.

Residence Overseas
No benefit whatsoever shall be payable for any medical treatment received by the Assured Life outside Malaysia, if the Assured
Life resides or travels outside Malaysia for more than ninety (90) consecutive days.

Death will be covered, payable in Malaysia once you're certified dead e.g like MH17

I'm comparing an Allianz plan with Great Eastern..investment linked... On the surface Allianz looks more value for the money.

However , the GE agent brought my attention to the "cash value" whereby GE plan is way superior in terms of cash value 30 years later compared to Allianz (about 30k more)

My question is, can and should cash value be taken into consideration when purchasing a plan? As Allianz agent told me it's not guaranteed and company just simply project . Or do they project on some sort of fundamental basis?

Thanks

Other than the guaranteed portion, the rest of cash bonus or cash value is not guaranteed.
The projected figure is based on some historical data on their fund invested etc.

It is not guaranteed to be making a profit.
It can yield a loss as well for investment linked that invested in trust fund if market condition is not favourable, just like what is happening right now.

Whenever you want to think of getting an investment link. Don't really bother with the 30 years projection as these are estimated and doesn't necessary achieve that said projection.

When you get an insurance policy, just think about the protection that you'll be trading off for the premium you paid. Never withdraw any money from ur insurance policy unless it's really necessary.

Sure can, since once you signed up and start paying, what will happen is 180° from the projections stated. When you are not happy with it and look for that agent, the agent will ask : sorry boss, I forgot to mention that it is just projection only and shall not be used to justify it will continuously make money.
Just ask around your friends or old timers in coffee shops and see how they answer you

thanks for your kind advice guys

Me too comparing Allianz and GE (and Manulife), I am still wondering despite Allianz non-deductible with high annual limit why the premium not so much different? I am more lean to Manulife because of the agent and I'hv existing medical plan there. But because of this non-deductible plan from Allianz make me undecided yet....

Do you want to share your finding?

Any other advantages of Allianz over others, in addition to non deductible mentioned above? Though non deductible available for a number of insurances as well

Prudential Agents.

Can somebody give me a summary of what is covered by the following policies

Prumy Child
PruEssential Child
Infant Care

I'm trying to maximize my medical coverage for my upcoming kid.

Can explain what is this non deductible thing if you dont mind?

deductible are co-insurance, meaning you have to pay part of the bill in the event of claim depending on the deductible stated in the insurance contract, some companies will cap it at a certain amount whereas sometimes there is no cap at all. Deductible are ways to decrease your cost of insurance but in return, you trade off by paying part of the fee in the event of claim.

I have a question on excess claims

I stayed in a RM350 room under a RM300 company medical card. I was subjected to 50 per day excess charge as well as a coinsurance of 1000

I have a personal medical card of 400, what can I claim? Am I able to claim the unutilised portion since I stayed a lower room based on my personal medical card 400?

Both are Allianz cards

Sure can, photocopy of the report will do

Can claim under 2nd card. Just file the claim to the insurance company

This post has been edited by lifebalance: Jan 24 2016, 01:21 PM

when there is 'no guaranteed profit' people will still go for it, why?

medical card is more enough.

Yeap you're right. Most people get an insurance for protection rather than earning from it. Remember if you want investment then go for other financial tools such as unit trust or shares.

Since both card are from Allianz, then will make the thing easier. You can combine both card to claim the higher Room as well as the medical claim limit. Just let Allianz know both of the card when they issue GL letter.

For the personal medical card 400 and stay in 350 room. Yes, you may claim the unutilised of room amount, but with T&C.