Dear,

Even if you buy a stand alone medical card, when it reaches a time when your age is higher, it will also cost you more because all medical cards are yearly renewal.

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.

Before I chopped all the policies, for 10 year ILP paid, the most "cash value" that can keep the policy active is about 4 months.
So assuming that you are 20 and pay till 60(40 years), you will get covered for 16 months
Investment linked and savings policy usually will perform like rubbish.

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?

There's no cooling period on this case, you can still buy with this and associated illness being excluded. Some more your VIP organ being removed where the risk for them to approve your claim is higher. No company will offer help unless you pay extra. But then if you need to pay extra and not really being protected, why not keep the money your self?
Bottom line is, prepare to waste more time in general hospital.

Dear,

In order to know if you will be loaded and how much it will be, you will need to submit your case into the insurance co. From there underwriter will access your case and they will reply accordingly. You may PM me if you need further details.

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 depends, are you using the property solely for investment purpose or own use?
If it is the latter, I would highly suggest that you cover the cost of replacing the damaged building because you need to replace not only the building but also everything within it. (i.e. you cant be just replacing the four walls and live inside it without any furniture)

But if solely for investment, I think market value is sufficient, unless you have something very important inside. PM me if you are interested or want to find out further.

AIA has a projector that is up to 100 years old. Of course there is no guarantee that it can last until 100 years as it's still an ILP.

Otherwise. We can take a traditional policy which has guarantee return but we pay way higher premium.

Hi, I will need to review this case with you. Possible to discuss further ?

Hi

Your fire insurance must be based on market value otherwise your claim will be pro rated.

Sure based on market value, You can insure higher but when doing claim, which ever lower applies. Also many factors will affect this and if you renovate without approval, the claim will be rejected.

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?

Case 1:
Your property valued 200k, fire insurance is 300k, you're paid 200k only

Case 2:
Your property valued 200k, fire insurance is 200k, you're paid 200k

Case 3:
Your property valued 200k, fire insurance is 100k, you're paid 50k

Does it not take into account the damage?

e.g.
Case 1:
Your property valued 200k, fire insurance is 300k,
Damage 200k, paid 200k ?

Case 2:
Your property valued 200k, fire insurance is 200k, you're paid 200k
Damage 50k, paid 50k ?

E.g your property is 1 mil

The property consist of land and the building itself.

Normally the land would say worth 300k and 700k is the building's worth.

So you buy the sum of 700k. Cause land can't be burnt or damaged.

In the case where you over insure, the max u can claim is RM700k only.

If you under insured, e.g 700k value you buy only 350k fire insurance, in the event of fire. Say your property is damaged 1/2 and cost 350k. You won't get paid 350k based on your coverage, but pro-rated at 50% since you only insure 50% of the market value, thus your compensation is RM175k (50% of 350k sum insured).

The "market value" is determined by them, not by market price, so if say your property market value is rm200k if the market price determined is rm150k, you still can't get rm200k.

KUALA LUMPUR: AIA Bhd, which for the past three consecutive years posted a significant increase in value of new business (VONB), has yet recorded another commendable performance .

It recorded an increase of 27% in VONB for fiscal year ended Nov 30, 2015 to RM673mil.
For this period, the company outperformed the industry with a 10.7% growth in annualised new premiums compared with 6% growth achieved by the combined life insurance and Takaful segments.

The sterling performance was due to the insurer's focused multi- distribution strategy which saw each of its main business lines posting strong growth.


Its CEO Anusha Thavarajah said the insurer was the fastest life Takaful company in the country last year.

The spectacular results according to her was also due to increased productivity among its agency force and higher recruitment of quality full time life planners.

She said this during a press briefing in conjunction with the company's performance.

In the second half of the financial year, she said the number of active new planners increased by 20%, while active agents selling AIA's Takaful solutions rose by 40%.

Its partnership distribution and corporate solutions channels also contributed excellent growth in VONB of 33% and 20% respectively.

Thanks for the advice, Keith. Appreciate it.

You will be acknowledged with the increase of premium is the projection of premium isn't enough in the near future. The increase of premium will not be as bad as the standalone since you have paid higher premium (comparing to the standalone) and the accumulation of cash value will be able to cover better than the standalone.

In my opinion, just live the way your life should be and accumulate your wealth from all the others financial and investment aspect. Due to time value of money, in the end of 30 years, the increment of premium could be not large. Just live the life you should and start investment .


Splenectomy due to accident, ITP. cyst or any reason? This could largely affect the final result. Pm me to get more information