at some point insurance company really does their job.. i think we shouldn't flame that they 100% not protecting or totally not giving benefits to ppl..

numerous of cases i saw from my relatives to friends, who admitted to hospital regardless of small case like dengue/removal of tiny stone, or big case like cancer, luckily they had medical card to pay off the bills.. cases like cancer insurance company did pay out the CI benefits..

For the benefit of all our brothers and sisters here on LYN,

Please, I beg you to reveal the hospital that has such a practice.

Then it shouldn't be a problem for you to remember the hospital's name isn't it?

I will be more than happy to handle your claims. Just hand me your original receipts, your policy booklet, and medical reports.
If it's a legit case, I'll get it through and you'll get your claim cheque.

Agents do not decide if your claims are approved.
Whether or not our "luxurious vacations" are paid or not, it doesn't affect any claims whatsoever.
Langsung tidak kena-mengena.

It's as if you're saying
"My nose is bleeding because the ice-cream was white."

Does it make any sense?
Or are you done making a fool out of yourself?

Then hand all of us here the claims which are rightly claimable but not honored. I believe many here can contribute in helping you sue whichever insurance company it is.

Thank you for your charitable efforts. The local community in Seremban is forever indebted to you. 

Well, so many here have been providing very good, factual information for all, creating a good competitive environment for those seeking help to compare.
Even God cannot help you if you don't help yourself and keep rejecting God.

supersound, i think you must have had very bad past experience, but shouldn't blame the whole insurance industry. just my 2c.

hello people,
I'm in mid 20s. two agents approached me with two different proposals, respectively
Agent 1:
-Death 80k(99yr)+TPD 80k(70yr)+CI 80k(99yr)+AL=990K +Investment
RM200 per month very straight forward.

Agent 2:
Suggest buy medical-investment linked, buy another life insurance standalone(traditional)
Medical linked investment=1.9k per annum
Life insurance itself=800 per annum
RM225 per month

Why buy separate? Pay life insurance rm800 for entire life, CI value increases.

Investment linked plan (from agent 1) price will be reviewed and thus increases when i get older, life insurance incorporated in it will be more expensive.
Which is reasonable?

My intention is just to get a medical card to cover my bill expenses and also life insurance just in case , I'm gone and for my fam. Not so fond of investment thingy because im good in saving.

I didn't know donate blood have this privilege? They got record ah?

My insurance agent also recommends an investment linked medical card coz she says in the long term it's cheaper than pure medical card. How does a policy devalue every 6 months?

Thanks for the info +1

Insurance never cheat, the policy already stated the scope of its coverage and condition.

If incident happens outside of coverage, then insurance won't pay the compensation or reimbursement.
If the incident happens within the coverage, then insurance will always honour their obligation according to the policy.

Fundamentally, insurance never cheat. If not it won't be a multi-billions businesses already and keep on growing.
In fact, insurance doesn't need to cheat or deny legitimate claim to stay in business.

If claim rise, they just raise the premium to cover the claims.
Insurance basic is very simply, pool in money, and pay to those unfortunate one.
Claim money come from policy owner premium.

So it is wrong to say "insurance cheat", it never.
While if agent or policy owner explain wrongly or misinterpret, the policy owner feel "cheated" then it is another scope to look at.

Noted. No worries, you have not mislead me in relation to Bank Negara.
Agreed with you that Insurance companies don't cheat as it's all in the contracts, it's just that we don't take the trouble to read the contract fine prints and young agent are not trained into details of the contracts but more on selling the products.
That's my little concerns and thats why I like to find out more before signing up.

"Another typical case of the buyer get cheated by the agent, or maybe using a softer statement, that insurance agent forgot to mention same sickness cannot claim twice with intention to secure a business "

Kindly support this statement with evidence such as recorded audio or any other type of evidence of that agent doing so, otherwise, again you're making a baseless allegation with no support to whatever you said.

Hi, i have a question on the investment link Insurance from AIA.

Previously in 2012, my father has bough me an investment link insurance and have been paying until today.

But last year the agent approach me again to propose to me another policy also investment link for better coverage and so on. after i take a look on the policy i agree to sign up for it.

So now i have 2 investment link policy in  AIA. but question is that i want only one investment link with 2 coverage combine so i no need to pay so much premium as i dont think so the investment link is so important that i need two. the Agent said it can be done but it needs one year to combine since the new policy can be void if within a year it is best interest for me  to pay for 2 policy for first year.

Recently i was thinking it is really waste of money to keep on paying 2 policy with 2 investment link and i am angry why the agent did not propose to me an upgrade policy instead asking me buy a new policy and later told me that it can combined but require one year time for the best interest of me.

i felt a bit cheated and really unhappy about it. anyone can explain to me is this the way the insurance go? because until certain point of time i am thinking of cancel the 2 policies with this agent and bought a new policy entirely new. and take out the money in investment link that my father sign up in 2012. is that doable? need some serious advice coz i am been  paying 2 policies currently and for god know why i should wait for one year.

Dear Insurance guru,

Below is part of extract of projected investment return:

----------------------------------------------------------------------------------------------------------------------------------
Illustration of Expected Benefits under net projected investment return of Y%(8.50%) and X%(2.50) assumption

Insurance charges (at age 70)
Basic plan RM1290.96  Rider RM5867.75 (Total = RM7158.71)

Net cash value (at age 70)
Y% RM36,706    X% RM2,334

Yearly premium: RM3120
----------------------------------------------------------------------------------------------------------------------------------

Taking the more optimistic return (Y%), it seems like the cash value can only afford to pay for my insurance charges for the next 5 years (36706/7158 ) by the time I reach 70 years old.

My question is:

What will happen when my cash value is no longer enough to pay for my insurance charges at old age? Will my yearly premium double up to RM6000? This is because, I believe my yearly premium of RM3120 will not be enough to cover for the high insurance charges at old age.

Hope to hear your advice on this.

Thanks.

Thanks for your explanation on this, Keith.

I always thought that investment cash value can last until end of policy. The software/tool used to calculate premium will be smart enough to calculate this. I guess I'm wrong. 

How can this be avoided? Because by the time I reach 70 years old I don't think I'll have income to pay the extra amount. Moreover, we are taking the higher projected return.

Thanks.

Need some expert advise, i only had life insurance wuth 36 critical illness coverage since 1994, i am 44 yrs old now, but i had no medical insurance as my company  cover all my medical expenses. But i was diagnosed of illness with ITP where splectonmy was performed on 2011 . Understd cooling period of 5 yrs, my condition had been stable kast 5 yrs but on medication. How can i get a medical insurance potentially with high loading or high excess or deductible? Anyone can help?

This question pertain to Fire Insurance.

In determining the coverage, should it be based on the house market value,
or the cost of replacing damaged building?

It is for my own use, not for investment.
Mind to elaborate?
You mean is I insure my house for RM200k, and the damage is for 300k, then i get paid 200k/300k only?
I thought it'd be maxed out to the amount I insure, no?
So best if put the valuation based on market value? i.e. not based on the amount to repalce the damaged parts of the buidling?