What website is that?

The way a investment link plan work is to invest a portion of the premium to generate cash value to offset future increment of the cost of insurance and etc. If in the event the returns are on par of the sales illustration then perhaps the risk of an increase in premium is averted. In most cases, an investment link plan provides you with more riders and options compared to a standalone medical card. Do look into the features and make a decision from there.

At the end of the day, it all boils down to your budget and financial planning.

Best,
Jiansheng/Holocene

Allianz does extend its coverage to Singapore

Based on the above information and the assumption that you are a healthy young adult male, with those coverage, a premium of RM7k is in my professional opinion very high. To me, it's overpriced by almost RM1.5k (assuming the CI includes early CI). I might be wrong but I'm seldom wrong.

But like the other forummers here have said, request for the full Sales illustration from that agent.



Best,
Jiansheng

Hey asimov82,

Please refer to attachment.



You can check them out in detail here under the fund factsheet.



Best,
Jiansheng

KUALA LUMPUR: With 11 insu­rance policies worth RM1mil in his name – a former Royal Malaysian Air Force sergeant says he is li­­ving in fear for his life.

The 42-year-old said the policies were bought without his knowledge by his wife, and there has already been one attempt on his life.

The man, who has been a construction safety officer since retiring in 2011, said two men posing as civil engineering students attempted to strangle him inside a car on Sept 10.

He said one of the assailants had called him two days earlier under the guise of doing research on construction sites and requested to interview him at his workplace in Serdang.

He said that on the day of the interview, they picked him up at his home in Puchong in an old Kancil and went to his office, where they took some pictures of him at work.

He said that on the way home, while he was seated on the front passenger seat, a rope was put around his neck.

“I could feel the rope bite into my neck, and I thought my end had come,” said the father of four during a press conference organised by the Gerakan public complaints bureau.

Having served in the military for 18 years, he managed to turn and punch his assailant.

He then kicked the driver in the ribs before escaping from the car which had stopped in a secluded area.

A passer-by helped him call his supervisor, who took him back to the construction site.

Despite his ordeal, he said his wife was indifferent when he related his experience to her.

He became suspicious a week later when his wife received a phone call from an unknown number, which she dismissed as a wrong number.

He claimed that his wife became aggressive when he took the phone from her and called the number.

The caller’s WeChat profile picture, he said, matched one of his assailants.

“I was shocked and confronted my wife but she said that she didn’t know anything,” he added.

A month later, taking along their eldest son, she sought shelter with a women’s organisation and lodged a police report against him for abuse.

He said she had since been kicked out of the shelter and is now staying with her mother.

Ever since leaving home, she has spent RM60,000, which he discover­ed after receiving credit card bills and letters in the mail.

He feared another attempt on his life and claimed his signature was forged to buy the life and personal accident insurance.

He said the policies were found hidden in several places in his house.

His wife is the sole beneficiary on the policies, which was shown to the press along with seven police reports he lodged over four months.

“I have also lodged reports at Bank Negara and at the insurance companies involved in the forgery and they’ve taken action,” he said.

He feared his three youngest children, who are under his care, would be abandoned if something happened to him.

“I’m not looking for revenge. I want to live my life free from this cloud of fear hanging over me,” he added.

Gerakan public complaints chairman Datuk Wilson Lau Hoi Keong promised to follow up on the case with the police.

Serdang OCPD Asst Comm Megat Mohd Aminuddin Megat Alias said investigation into the assault case was underway.

He added that the investigative officers were waiting for instructions from the deputy public prosecutor.

He said the complainant had also been advised to cancel his insurance premiums.

Source: http://www.thestar.com.my/news/nation/2016...worries-he-wil/

Don't simply sign a form without checking what it is!

Lifebalance has given you very good advice. However it still comes back to your own budget and needs.

1) It is true
2) Insurance is necessary if you currently do not have any. Start with a medical coverage and add life coverage and critical illness.

Best,
Jiansheng

It is always prudent to review your existing insurance policy time to time. If you are concern about value, just let the agent know your monthly budget. Of course as an agent, we are responsible to provide you with our professional advise however whether you take it is entirely up to you.

RM150k is low, especially if you have a family that relies on your income and if you have any liabilities. Now, the general rule is to have a Life coverage of 10 times your annual income but then again, it differs on individual needs.

Best,
Jiansheng

Check this article out http://www.thestar.com.my/business/busines...-in-retirement/

The yearly increment of medical cost is nothing new hence nowadays you see a lot of medical coverage that comes up to RM1,000,000 annually.

Having a sitdown with your agent to review your overall insurance coverage annually is also advisable as needs in your life changes.

However, at the end of the day one must balance his own budget and coverage.

Best,
Jiansheng

Well it depends what you mean by fees being on the high side.

I have seen policies that are overpriced. Just yesterday a friend of mine was sharing a story where he wanted to buy a MLTA (Life insurance), the agent quoted him RM3,000 for a coverage of RM600,000. He was smart enough to ask around and found out that he can get one that only cost RM1,200.

Sometimes, it's an individual's luck too.. If you meet an unprofessional agent, it might cost you more money than needed.

Best,
Jiansheng

Refer to Lifebalance's reply.

There are some doctors that charge above the reasonable & customary rates for their consulatation and surgery but these are individuals that are specialist among the specialists. A medical bill is itemised hence you can clearly see where the cost are coming from and if it is due to the Doctor's higher fee than usual, this is where your Critical Illness coverage payout comes in but then again depends if you have qualified for that within the terms and conditions.

I'll entertain the example Mnet has provided. Simple answer is that you have to pay the RM50,000 however you also need to take into account what Lifebalance has said "The hospital is also not silly enough to overcharge the insurance company because they know it will be checked, and ruin their reputation in the industry's with other competing hospitals"

From the way you've been replying it seems that you might have a bad experience with an insurance agent or insurance overall. I don't blame you for having such views however please do not stereotype insurance agents as cheaters, there are a lot of honest and professional insurance agents out there.

But thank you for raising the question, I am sure everyone especially the uninitiated will benefit the most from it, after all this thread was created to assist anyone with questions relating to life insurance. But let's keep it civil 🤓

Best,
Jiansheng

Whether can pass or not depends on the information provided to the Insurance Company underwriter.

I'm lucky because my agency has an underwriter that helps me screen through every medical/life insurance application and she also liase with the dedicated underwriter to my agency from Allianz for any deferment cases.

Best,
Jiansheng

It really depends on what the client is looking for and need. Hence it is always advisable to meet up with a professional agent that can share with you the options once he/she gets to know your financial situation.

For Allianz at least, the medical card and life insurance comes together.

Best,
Jiansheng

This post has been edited by Holocene: Jan 10 2017, 10:06 AM

Sorry to hear about your lost lionelzc, although death ends a life but it doesn't end a relationship.

If there wasn't a will, the a Letter of Administration will be required.

You can get in touch with the bank customer service you will definitely need to provide your father's death certificate. Until the entire processing from the bank is completed, the installment will need to be paid out. What you found out about the processing timing is about correct however you need to ensure all the documents are in order.

Best,
Jiansheng

Ya.

1) I believe that would be your "capital" plus penalty should you surrender early
2) please refer to the non guarantee section of your surrender value. Again this is a projection it could differ but the guarantee portion will be guaranteed. So to speak.
3) You sure this is an investment plan? Seems more like a saving plan to me
4) What was your intention when you signed up? Investment or saving?
6) If you can comfortably save the amount then there is no point surrendering it.

A successful saving plan is not because of the RM40 you earn interest on but the fact that you actually saved RM1000. If you are saving only 10% of your annual income into these saving plan I would say that's quite manageable however if you are saving 50% of your income here... then that might be a problem for your financial growth.

Best,
Jiansheng

Seems like you and your agent had a miscommunication during the discussion phase on what you need.

I always say it really depends on your luck the kind of agent you will meet. If the amount saved does not affect you financially then consider to continue the plan.

Rumors are just that. Get in touch with a professional agent and have him/her run through your policy with you.

Best,
Jiansheng

1. Refer to Lifebalance answer. If you don't mind, share a screen shot of the summary page on your benefits.

2. Usually it is 10 times of your annual income however it also depends how much liabilities you have out there and you'll have a rough idea how much insurance you need to cover them and also survive on if anything happens.

3. Depends on the situation.

Now that you've have a rough idea get in touch with your agent and share your concerns with him.

Best,
Jiansheng

wonglokat without really knowing your situation and having the policies infront of us it's very hard to give a proper input.

Unless you can come up with specific questions then we can help you with themy.

Best,
Jiansheng

Why not Allianz? 🤓