Many thanks.

AA
What about something which develops overtime and later needs treatment, say, skin rash which later gets infected?

BB
I pick my nose and later bleeding internally?

Thanks.

P/S  Wonder why do some clinics at the start ask whether payment is by cash or via claim? Don't think it is because  they need to know for their payment process.

OK, my scenario is not that good.

Let me qualify further.

Suppose the bleeding is continuous and cotton/bandage at home is barely adequate. Then?

When you buy a ILP, The rule of thumb to choose ILP is to look at the cash values projected at the end of 30 yrs. If the cash value is zero at say 25th year, then you will have a tendency to top up.

How importance is cash value in ILP insurance?

AA: As long as the treatment is justifiable for a treatment at the hospital, it will be claimable.
Let me share with you my personal experience with a client: She was rushed to the ER, but GL was declined citing procedure can be done as an outpatient. So she paid and later on I proceed to process the claim for her.
All documentations were complete and the claim cheque was delivered few weeks later.
Client happy, I also happy.

BB: Maybe you want to turn it down a notch with the gold digging 
But if it was really serious and require stitches from your inner nostril membrane, technically it is a self-inflicted injury and rightly written in the policy self inflicted injury is excluded.
But you don't so straight arrow tell the doctor you gila korek la. I also dunno how to taichi this one... But you taichi with the doctor lah. Janji the doctor buys your story. 

P/S: Individual medical cards usually only cover hospitalization and not clinics.
But take for example you are holding a corporate card and it includes clinic visits. By cash you can bring the receipts back to your HR dept to process the claim. By medical card, it'll be charged straight through and you won't have to part with that RM50-55 for any period at all.

Did I do a good job at answering your questions/concerns? Let me know!  :thumbsup:

Folks,

We all know for ILP, there will be a table showing how much the allocated premium vs the COI and then the cash values yearly.

So, those policy which see at the 8th or 10th year, the COI is more than the premium, the cash value generated will then be used to cover the protection aka keep the protection running.

Is COI> premium an important consideration to take note for an insurance? How about the cash value generated?

Should we really take these into consideration? or the table is just for illustration only ? as COI and Cash value is unpredictable aka non-guarantee, and the value stated in the table mostly for illlustration? Hence the values might varied.

Pls enlighten. Thanks.

The value of COI increasing every year is also estimated only? Do you see a healthy level if table illustrate COI>premium at the 8th Year? By then fund value shall use to keep the protection running and fund value is something non guarantee.

Is this an important consideration?

Meaning the figures stated in the table of the policy still can be used as a solid reference to see if COI > premium in a short period of time or not, right?

Hey guys,

Have you all heard of Allianz Premier Link? I was informed that you can get sum assured up to 1.5Million for 300 per month.

Sounds very promising for me, but I think there's more than meet the surface. Any agents here can confirm this for me?

Oh sorry, I forgot to include my details here 

I'm a 32 years old male, I don't smoke. So far I have no medical history, and I already have some good medical cards in hand. I'm just surprised by the low premium needed for such a high sum assured, as RM300 for other companies can hardly even give you RM1M? So if indeed it is that good and true, it's a great offer for me and I'll consider it! 

Cheers

Hence, shall this COI > Premium over the years is an important point to be considered when choosing a policy?

COI charges may be increase because of too much riders? I have a policy in GE and AIA which has these different scenario that you quote as an example.

So, future changes on the COI will not go that far from the COI amount stated in the table, right?

Still a reliable source to consider as one main factor considering buying a policy?

Hi, is this the right place to ask for advise on level of coverage suitable for myself (as compared to what I already have previously purchased)? Now end of year thinking of analyzing my insurance coverage with family.

Thanks Holocene, those sort of ballpark figures are very helpful.

Additional follow-up questions:-
1. How do multiple policies generally stack up? For life I assume each pay out sum assured, and its just about the hassle of doing multiple claims. For medical can a person maintain multiple policies? Is there a benefit (for eg. I think if you've claimed a policy against one illness you're no longer protected against recurrence, so a second policy could cover that if at a later date it recurs, especially talking about cancer).

2. How to factor in employer's insurance coverage?

3. Life insurance of non-working/earning family member, any benefit/use?

Pre-existing is pre-existing at the time of policy application? Or within the 1-2 year initial period?

So for example if I buy policy A and B (different company) today and 5 years from now injure my knee playing futsal. I claim from policy A. That means I can no longer claim for knee complications in future from policy A. Does that also mean policy B cannot claim for further knee complications?

Regarding employer insurance, the HR explanation was in terms of amount paid out to my next of kin, no mention of business losses. Is that common/true?

3. Any benefit to getting life insurance on school-going kids who do not contribute income? Or spend same amount on primary bread-winners policy better?

Need some suggestion (dont pm me about your company plan pls)

1. I am a student, just realized i should get insurance for myself

2. I am planning to get a medical card, but how much is the minimal commitment? Yes I cant contribute too much every month..

3. Is it possible to have a plan that if I am all fine and did not touch the insurance/medical card at all, i will get back some part of my commitment? (sounds impossible I know, just trying my luck)

Definitely appreciated if anyone can recommend some good plans to me, but dont pm me thanks, just reply me here

Hi guys,

Wonder about the if the situation below is eligible for claiming purposes?

If the claimant is admitted to hospital under the Dr A, the claimant can claim full charges as per charge for hospital medication, treatment during his hospitalization.

Once the claimant discharged from hospital (wthin 180 days he can claim as per medical schedule in the policy stated) ,however if he did his follow up( post hospitalization ) with another Dr B, can this follow up charges like medication, consultation be claimed too?

Thanks! Mean as long as can get a letter of referral and reason, then should be fine right, cannot simply go to another doctor because doctor A has been providing not a good service or so.

As per the medical schedule stated, I believe most policy hold the same general schedule which includes:

1. Pre hospitalization diagnostic tests, medication consultation.
2. Post Hospitalization diagnostic tests (some policy did not state) , medication fees (some policy did not state too) consultation , physiotherapy etc?

Those ' some policy did not state too' , will this be a gray area?

How about a situation like this:

1. After claimant is discharged from hospital, he goes for follow up which require him to do screening tests again, will this be treated in pre-hosp or post hosp category?

2. Medication fees and physiotherapy, kidney dialysis are all must included in the schedule also right, coz these are under post-hosp treatment?

Hi, about medical card's premium, how "expensive" is it? is it fixed amount or I can alter the amount based on my needs? sorry for the questions, never really know about it.

Hi guys,

I'm shopping for a term life insurance (just death & TPD) to increase my existing coverage. Would prefer a straight-up plan without any investment linkage. How much would the annual premium for a 500k coverage cost? Agents feel free to PM me or reply here. Thank you! =)

FYI I'm a 28 y/o non-smoking female executive.