I approached one agent online for insurance and the agent quoted me. I clarified with him but he give many conflicting information.

AIA
A Life signature coverage RM500K. - He mentioned that incase of critical illness the premium will be paid for and that I don't have to pay premium.
1) Is this true ?
2) will I receive any payment incase I suffer critical illness. or payment only upon death and TPD.

Tq everyone for your advise.

It depends on the rider you attached together with the plan, if waiver of premium is added then upon tpd or critical illness, the policy will be continued to be paid by the insurance company

If there is critical illness rider then you will be paid for critical illness.

In total he proposed 4 policy as below (I haven't receive email copy yet)

What I wanted is medical card for myself, wife and daughter and life insurance for myself.

My age 36
Finance jobs
He quoted me

A life signature : 500K = RM390
A lifelink : Medical card 150K per annum(no lifetime limit), Accident 100K, 150K TPD+Death+Critical illness = RM300 (myself)
A lifelink : Medical card 150K per annum(no lifetime limit), Accident 100K, 150K TPD+Death+Critical illness = RM225 (32 year old wife)
A lifelink : Medical card 150K per annum(no lifetime limit), Accident 100K, 150K TPD+Death+Critical illness = RM150 (5 year old daughter)

Note : Additionally he said incase of TPD or death to me the medical card will be free for my wife and daughter

This post has been edited by Spritzer7: Dec 27 2016, 03:41 PM

Each life planner will have their own opinion base on their findings

1. Your life planner should have sat down with you to understand your needs and wants
2. From there a proper plan is proposed
3. He should explain to you clearly what is proposed.
4. Consider and accept if everything is okay

The medical card is not free upon tpd or 36 Ci

Its just continued to be paid by the insurance company

continued to be paid by insurance company means ??

Example you are paying 300 per month for your policy

However you gotten tpd or critical illness on the way

AIA will continue to pay the 300 for you until certain age

However in between if there is sufficient cash value due to maybe poor returns or increased in premium charges

You might have to top up on top of the 300 that's being paid by the insurance company on your behalf

This post has been edited by lifebalance: Dec 27 2016, 04:23 PM

This is applied for my wife and daughter premium too(which will be paid by me on monthly basis)?

Yeap

Thank you very much for your explanation bro.... I really appreciate your help

No problem, you're welcome

any agent free to open-up new post/thread for General Insurance (non-life) matter?

Ask here also can ma

i posted here b4 on Auto insurance.. no body reply..

Oh I think that 1 you call your car insurance answer you better

Less ppl doing general insurance nowadays since the day insurance company took over and sell upfront to the customers. So better call their help desk, if you bogus it from an agent, get that agent to service you.

any prudential agents here can share the difference between PRUvalue med, and PRUlink one with medical?

i got proposed for a policy under PRUvalue med, with the following coverage:
life 300k
ci 300k
minor accident 8k
hospitalization rm200/day for room
lifetime limit 1.5mil
room and board RM300

and price is around 7k p/a... i understand from some friends that got PRUlink one with higher coverage, and lower premium... hmm so whats the difference, causing my premium to be so much higher as compared to my friend, with same premium, getting double my coverage?

Age, smoker/non-smoker, gender, occupation and deductible within the policy plays a factor in the premium.

suprisingly they are slightly older than me, they smoke and i dont, same gender, and occupation same not much risk/hazard involved, mostly office work... one of my friend having prulink one, said that medical coverage for him is unlimited, paying 700/month... hmm making me scratch my head...

it's better to look into their policy first then you'll be able to tell what they're enjoying and what they're paying for.

If just based on verbally, it might be inaccurate.

hear hear - Roy's advice on "cover the big stuff" is hardly heard from most agent$ - U know why right?

Insurance is a vehicle to manage risks that we cannot AFFORD to manage ourselves - if we can afford it, why bother with insurance?
Unless for "special circumstances" of estate planning & protection from creditors la - that is another level of game heheh

To those old hands that think insurance companies are like charities - keep in mind it is a for-profit. Whatever risk ratios * costs they cover for us, we pay a PREMIUM over their costs to cover profits for shareholders, bonuses & certain business/real world uncertainties. That is why our payment is called an Insurance PREMIUM

This post has been edited by wongmunkeong: Dec 28 2016, 05:11 PM

age 59 for my mum, still had any plan suit?