I guess in this case chance will be failed also since diabetic is not something that you can recover or change the condition unless you can do your own check up and compare with your previous old record. If there a significant improvement or still the same.

If still the same then most likely will fail and you will be rejected again

Unless you're in a company with above 11 staff

AIA provides group insurance medical coverage that covers pre existing illness as well.

If there is no other plans that you can purchase, you can cover yourself for cancer with AIA Cancer 360 for early and late state cancer and also gives you cash allowance as well while recovering from it. There is also a power reset feature whereby the amount you claim for early cancer will reset back to 100% in 1 year time.

If nothing happens until you're 80 year old. You get back the sum assured as cash value. E. G you cover yourself 300k, if nothing happens by 80, you get back 300k in cash.

Good or not differs to each individual based on their insurance needs

Get an agent to study your financial background and get them to provide you the right solution

Maybe you should also survey into other well known insurance companies and give us your view.

1. Unless its GIO offered to you. There is no such thing as no medical check up required for diabetic and hypertension unless that insurance company is doing charity to all these people.

2. It's not a trend, each individual has different need. There is no 1 plan fits all. Talk to a life planner to discuss on your financial matters.

What you prioritise might not be the same as the person next to you.

Then go with a life insurance company.

1. The mrta will be paid to the bank

If there is any extra it will go to your father estate

2. Yes

3.it will take some time but normally within 3 weeks

You'll have to service the mean while as it doesn't relief you immediately of your responsibility to service the loan while the insurance is processing for a payout

Yes you're right

No it will be automatically entered to the person's estate so if it's not written in any will then it will go to the unclaimed money

1. That's the guaranteed cash value you're getting, for the full lump sum you'll have to look at the total surrender value

2. Look at the year 33 surrender value

3. How much return are you expecting when you're just pumping in money for the next 10 years only instead of whole life?

4. The returns is definitely higher than FD in the long run as it offers insurance protection which FD doesn't and you are able to nominate that money to someone compared to FD which will be frozen upon death and you're able to claim income tax rebate which FD doesn't

5. No you should not surrender the policy

This is not even a good advise at all to ask a person to surrender a policy solely based on the returns without giving a full picture of why the policy is bought in the first place.

Any insurance company out there, if they are not aiming for growth at all every year and just maintain measly on the worst performance year to year in this case Scenario 2, would be better off close shop and be better off to become a bank and just collect FD and give out housing loan which gives them 4.4% interest rate return on a daily rest.

You should also look into aspect that insurance companies hire qualified fund managers to make sure they know what they are doing to make the necessary funds grow and gain profit for the company.

The point is, the sales illustration is just a projection and it's also depending on the funds that the policy holder chooses to invest, if they are expecting a higher return and are able to handle risk, then they can go for high risk funds.

If they are low risk takers, there are always bond funds that they can choose from.

The illustration will project accordingly to the different funds that a policy holder chooses.

You are right to say there is no "definite" but it's will be better off than FD with the element of investment involved rather than a fixed amount paid off by the bank. Unless you're saying even with Bond Funds + guaranteed return portion from the insurance company is still worse off than FD, I rest my case.

I forgot to add in a point whereby the main disadvantage for these kind of saving plans compared to FD would be the long holding period but as I said if the main purpose of the savings is part of the retirement money or children education then it makes sense, however if you're planning to use the money in the next 3 to 5 years then you will definitely lose money. An endowment plan is whereby you save for a period of time and expect to get certain form of return as part of an interest, which you have the choice to not take it and continue to let it roll and allow the insurance company to grow the money for you.

This post has been edited by lifebalance: Jan 26 2017, 10:19 AM

Rumors from other insurance agent?

These kind of plan is where you put in your surplus money aside a.k.a diversification.

Don't mix it up with your other bulk of money as "investment"

Please make up ur mind that Savings is putting aside the money for low risk investments

Whereas investment is where you put your money into high risk investments to get higher return.

Savings is something you can fall back on in the event you lose all your investment.

Have a sound financial planning for yourself rather than just thinking about "I just want high return investments". Never put all your money into one basket.

It's how endowment plan works in the insurance industry. The first 10 years you won't see much but after the 10th year onwards you'll see the payout is alot more. It's not wasted, it's basically putting it aside.

You should highlight this to the agent about your needs and requirement before you bought the policy rather than complaining now about it.

1. Death benefit is inclusive of your basic sum assured + any additional bonus sum assured + cash value + any other riders or benefit

2. 10x of your annual income. if your annual income is 120,000, you should cover RM1,200,000.

3. There are other plans now that offers lower cost of insurance (COI) for high sum assured coverage.

No head no tail about yourself and your policy, unless you feel comfortable to share all ur financial and personal info in here, feel free to do so otherwise better talk to your agent since he's going to get paid anyway.

This post has been edited by lifebalance: Jan 26 2017, 04:57 PM

There are a lot of non-medical limit underwriting now in the market up to RM1.5 mil sum assured.

Some are even up to RM4 mil. What kind of insurance coverage do you have at the moment ?

hmm 8mmol to 13 mmol is quite high, i don't think any insurance company will accept

Got

If you take group insurance with medical and gp card with AIA. The take home drug will be covered as per describe by doctor.

I'm sorry but I have to say this, it's very naive and misleading for you to say that online application will bypass medical declaration and medical underwriting requirement.

Seriously you should stop advising if you're not a certified agent. Especially this is a public forum whereby what you say in here will reflect an impression to people who are genuinely looking for an insurance but they have a pre existing condition and end up getting a false hope.

It makes thing worse that you try to make a sale out after a misleading statement.

This is about ethics within the life insurance industry and I would appreciate that people respect the professionalism of the agents and the industry itself rather than creating a bad name for it.

What you could have said about this matter was that online application you may do it on your own but it's still subject to medical declaration and underwriting should you have any health issue similar to how you would engage an agent physically and submit all the forms.

Whether they would accept you or not with chances of decline or exclusion is decided by the life insurance company.

This post has been edited by lifebalance: Feb 6 2017, 10:00 PM