Hi guys,

I am shopping for medical card. Would like to have only the medical card without any investment/savings in it.

27 y/o
Male
Non-smoker

Agents feel free to PM me or reply here

Thank you.

Any idea what insurance to buy? i am in my late 20s. i hear is better to buy insurance since young. any advise?any agents that gives rebates her...share share commision

Frankly speaking, I see not an essential to have insurance beyond 70-80, as the premium may become extra-ordinary high, until it doesn't make a lot of sense of have it already.
This especially pronounce on low to middle class, whereby financial constraint is always an issue.

While one can afford it without any financial constraint, then it is another story.

Yes, the insurance charges is not fixed at Rm5k and is subjected to increased in later years.

One of the way is to get a high (but yet affordable) deductible plan, for example Rm20k or Rm50k in order to keep the insurance charges low.

Recently chatted with parents on their medical card and stuffs since they are nearing retirement, found out that their current one (from before 2010-ish) has an annual limit of about 50k/year and lifetime limit of 150k until 70 years old.

Agent proposed a plan that goes until 99 years old from the lion company and seems like the premium is quite high close to 5k per annum even for room & board rate of RM150. Wanted to ask bosses here for some opinion:
- Initial base plan was Smart Medic Extra with annual limit 90k and lifetime limit 900k, but was proposed to put add-on to boost annual limit 900k and no lifetime limit.
- But the add-on got deductible 90k caveat one. Is this even a wise move considering that they will retire in a few years time and wont be covered by company anymore? I think I will kaput if gotta pay 90K myself first.
- What if i don't want to take the deductible add on leh? In this day and age what is considered a good annual limit and lifetime limit in the market?
- I saw some people recommend a relook into medical card every 5 years --> what is a good strategy for the senior citizen ah? Cause if keep changing medical card every 5 years (and each time trying to purchase what seemed like ok at that point in time), might premium would have been higher and higher right. And the old policy macam a bit wasted paying for this add-on that add-on only ti change the medical card every x years.

Yes, you don't. It's depend on the cash value you have in your policy.
Let say you are having an investment-linked policy and pay RM300 per month. Assume you are 25 years old.
Initially your insurance charges would not as high as RM 300, it could be RM 150 only. The remaining balance will be used to pay other fees and allocate into investment.
Thus, you will have certain amount of cash value from your investment in your policy.

Let say now you are 45 years old. Your insurance charges surely will not as low as RM 150 anymore, it could be more than RM 300 now.
Let say it cost RM 400 now, but you are still able to pay at RM 300 per months.
Why?
Because the remaining balance will be deduct from your cash value. Until your cash value in your policy depleted.

Thus, top up of premium is recommended to ensure your policy can last until your old ages.

The premium you're paying now (investment link) would be fixed at RM300/month. However, cost of insurance will continue to increase. It might also be changed in the future depending on the insurance claim overall.

Furthermore if your investment is not performing as expected, then you might not be generating enough cash value to last until X period of time.

For example, you bought a policy to last until Age 100.

You paid RM300 per month or 3600 per year.

When say you're around 80 yr old, you found out that, your premium is no longer sufficient to sustain until 100 yr old due to the above issues. Thus a top up is required.

Whereas, traditional policy, you're only charged with cost of insurance, thus whatever you pay is the cost without any insurance which is why premium is cheap but you have no cash value to sustain in the long run, which is why older age, ppl pay so high premium compared to someone who had paid for an investment policy that had generated a certain amount of cash value to offset the future cost.

Thanks boss. Yeah I'm not quite comfy with the annual limit and lifetime limit add-on booster that comes with 90k deductible. The agent did explained that Mr. Lion do offer a lower deductible version of the add-on booster (min 25k) but the rider costs 3 times more expensive wor compared to the 90k version    If I dont take the deductible add-on, the room & board RM200 punya package comes with 200k AL and 1.2 million lifetime. Sounds enough or not ah?

Thanks for the 2 factors above, let me double check itu proposal and see got or not.

Hey lifebalance, uncle roy and everybody in this thread!

I'm turning 20 soon and I want to invest in an insurance or insurance+investment plan. I'll be paying for this plan MYSELF and not paid by my parents or whomsoever.

So I'm looking at around RM 1000 per year if possible? Max maybe 1500. And has to have an extensive medical card just in case of any incidents.

Any tips on where I should start looking and for an agent as well? Currently have no idea at all.

Mine started at age of 30. RM200 per mth.

for auto insurance, say going to expire on 1/sept, and i renew it 2 weeks earlier say 15/aug with ncd 55%. what would happen if car met accident on 22/aug and need claim from insurance co. for car fixing, any impact to the earlier renewed auto insurance?

My fren always underweight. Ya, maybe try other insurance company. First time heard underweight charge loading.

Does prudential or  great eastern sell only medical issuance?

GE does. As i know Pru doesn't. can be confirmed by Pru agents.

On the contrary, not that many LIFE insurance companies have standalone medical.

Since the extra 100k TPD premium will be re-calculate based on 7 year cash value allocation, its better for me to buy new policy or just add it into my old policy?

since i'm probably not able to afford a whole insurance for now, i was thinking shld i just buy this term life temporary, mayb like 5 years? till i can afford a whole life. the payment part i guess should be fine cz they seems have the autobilling thing

hi all sifus..

not sure if this is the place to ask about claiming car insurance..

early this year.. my roof bengkok.. something (or someone) fell on my car.. but i decided not to go fix (so no report).. however.. last week got more damage somewhere else.. if i were to go fix my car.. with insurance coverage.. will it fix all? or only the recent one?

anything that I should know?

tqtq

i see.. if i report both? meaning 2 reports.. still valid or not? since will use up my NCD.. might as well fix all?

so they will come at the workshop is it? i'm planning to send to the panel workshop.. so that I just pay if got balance.. (not sure if it works that way though)

or will they come to the police station?

30yo female
no past medical history
whats the best health insurance for hospital stay?

I got a quotation from a Prudential agent, which consists of PRUlink One, PRUvalue med and PRUsaver - with Med Saver (co-insurance of RM300 per hospitalisation)
The agent allocates more money into PRUlink One instead of PRUsaver, saying it is better.

Questions:
1. Should I allocate more to PRUsaver instead of PRUlink one at the point of signing up? This is because I'll never know if I need to cut down my monthly contribution in future.
2. After signing up, should I increase the contribution amount to PRUsaver or PRUlink one if I have spare cash?

3. Is it wise to get the Med Saver (RM300 co-insurance) which lowers my premium by RM90 p.m.?

Thank you in advance.

1. Investment link policy feature and premium contribution can be changed anytime upon request for changes to be made.

2. Yes you can

3. Depends, if you prefer to fork out 300 for each admission.

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On the side news, AIA Malaysia have extended coverage for Zika Virus Infection

Need help and advice here bros and sis.

My mom is 68 this year, she has a "bloodly" insurance policy that my late dad bought for her which is valid until 70 years old. Have check with the insurance company, this policy is not renewable, not extendable and no cash value if nothing happen till 70. I do not know what kind of policy is this, and wonder how come my dad will buy this kind of stupid policy which is basically useless if she lives longer than 70.

I would like to purchase a new life and medical policy for my mom.
I need to know if this is possible since she already 68, but she has no illness and very healthy curently.

Look forward to your valuable advices.

Thanks in advance.

Comprehensive plan is definitely more recommended but also need to watch for your budget especially when you're buying at age 68

It might the break the bank

lets say the most basic life.

medical separated.

Most basic life insurance is RM7191/year for 100K sum assured. Pay until age 87 only, matures at 99. This is from Great Eastern.

Assuming no medical records, of course.