No, it is Waived, not FREE.

1st Policy
Assured Wendy
Waiver Wendy (if Wendy is diagnosed with 36 CI or TPD)
Spouse Payor John (if John is diagnosed with 36 CI, TPD or Death)
Policy Holder (trustee) John
Nominee (assumed is) John

2nd Policy
Assured John
Waiver (None)
Spouse Payor Wendy (if Wendy is diagnosed with 36 CI, TPD or Death)
Policy Holder (trustee) Wendy
Nominee (assumed is) Wendy

Scenario: John is TPD
1. The 2nd policy TPD sum insured is payable to John and since there is no waiver on John's life, he will still need to continue to pay the 2nd policy premium.

2. The 1st policy is waived (not free) of the premium and the insurer will take over the policy payment and the insurance charges will still be charged in accordance to the cover / risk.

Should at older age when the insurance charges is insufficient to cover for the premium paid + cash values, Wendy is still required to do top up or risk losing the cover.

3. Upon John's death after (claiming the TPD), Wendy is entitled to the remaining cash values (if any) from John's policy

Scenario John's Death
1. The 2nd policy death sum insured + cash values (if any) is payable to Wendy

2. The 1st policy is waived (not free) of the premium and the insurer will take over the policy payment and the insurance charges will still be charged in accordance to the cover / risk.

Should at older age when the insurance charges is insufficient to cover for the premium paid + cash values, Wendy is still required to do top up or risk losing the cover.

Where did you get the idea it's free policy ? Haha

It's not unlimited claim, there is an annual limit that you can claim within the limit. Once it's exceeded then you'll have to top up for yourself. This also depends on what type of package you took with the insurance company.
1. The premium you're paying is the same throughout the policy period once your policy is inforced. Meaning RM300 monthly will remain as RM300 monthly until you're age X depending on the policy agreement.

However, as time goes by, any increase in the cost of insurance or bad performance of the investment that would affect ur cash value will render you having the need to top up in the near future.

The table shown in the policy illustration is just a projection.

Yes, agent suppose to explain this part, in fact the entire policy.

2. The sales illustration will have 2 scenario column indicating the good return and the bad return. If the performance is bad then you may refer to the bad column and what's the expect cash value you'll have for that year accumulated.

3. Waiver of premium is a rider, you pay a premium to add it onto ur policy, it's not free. It's function is to waive your premium until age X. However, refer back to point 1, even if your policy premium is waived, you're still subject to increasing cost of insurance.

As an advise, choose a good & reliable agent. Good luck.

That's quite sad to hear that a senior agent is resorting to misleading you.

But as a rule: every rider comes with a cost.

I know the feeling tak sedap cuz the feller told you it's "free" but actually semua included already.
It's a principle thing.

Maybe in the future, you can pick from among the agents here.
Semua kat sini dah kena grill sampai hangus dah!

Yes but subject to your blood test reading

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.

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

1. The PruBSN Warisan no medical exam required is only applicable if no prior claims and standard case.

Diabetic is UNABLE to apply, whilst for hypertension there may be a need to do ME depending on prior health condition and BMI.

Do expect Loading for hypertension on the life

2. Both are equally important and both are taking care of providing protection, one from the huge medical bills and another providing income replacement to your loved ones when you are not around (either hibah or as a wasi).

Yes you are correct that one can still fall back on Gov hospital. But do not expect everything to be free. A client father with no medical card got admitted for a broken leg and metal implant is required. GH request the client to pay Rm5k for the metal implant.

If you are okay with this GH arrangement then you may only want to look at the life cover or critical illness cover.

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