Get your agent to analyse your needs for life insurance Don't upgrade just for the sake of upgrading.

Best,
Jiansheng

What you talking about?

I was talking about the total amount the doctor or hospital can charge on my card, and whether or not I can pay off the total amount gradually in partial payments.

Am looking to increase my CI coverage and happened to oversee this new Allianz 3H Cover and its 3H Critical Cover rider. Not much info on the web site.

Any Allianz agent care to explain further?

What type of CI are you looking to get yourself ?

1. Normal 36CI
2. Early 36CI
3. Multiple 36CI

Normal/early CI is fine with me but prefer early CI with no exclusion if possible. What is multiple CI?

PS: I do have some coverage of CI from old policies which might not be sufficient now due to medical inflation

Exclusion is given if you have pre existing illness so it will depends on your general health when you apply for additional CI coverage.

In this case you may want to find out how much CI you think may be enough to keep you financially sustainable if you're critically ill for a period of time.

From my experience, exclusion is mainly for general insurers. for life insurers, exclusion is not given, but there will definitely be loading if they're covering the risks for CI.

So I'm trying to find out about this new Allianz CI rider as the info on web site is scarce.

Hey Jutamind,

Allianz 3H Cover is for individuals with the any of the following conditions:
- High blood pressure of 160mmHg/ 100mmHg (Systolic/ Diastolic) and above; or
- BMI of 40 and above; or
- total cholesterol level of 350mg/dL (9mmol/L) and above.

As you can see, the plan is designed for a segment of the market which has long been underserved.

Now, Allianz 3H Cover IS an Investment Linked Plan. This means that it includes a Life + Critical illness cover (rider). You can check out some of the details below

Life:
- Allianz 3H Cover provides coverage of up to RM200,000 together with the balance in the investment account upon death and Total and Permanent Disability (TPD).
- Option to upgrade: after 6 months of issue date or policy date (whichever is later), you may apply to increase the death/TPD coverage by 50% of the insured amount subject to our underwriting decision.
- This plan expires when Life Assured attains age 85 years old, at policy maturity the plan will pay 100% of the account value.

Critical illness:
- Coverage of up to RM200,000 upon diagnosis of any of these 4 critical illness conditions: heart attack, stroke, cancer and kidney failure. (This is not an accelerated CI)
- Option to upgrade: after 6 months of issue date or policy date (whichever is later), you may apply to extend coverage from 4 CI to 36 CI with Extended Total & Permanent Disabilities ( Paralysis of Limbs, Blindness - Permanent and irreversible, Loss of independent existence)
- This rider expires when Life Assured attains age 85 years old

I noticed you mentioned you're looking for a CI that covers from Early to Advance stage, get a professional to help you summarised your policies first then make an assessment from there.




Best,
Jiansheng aka Agent T

Dear Sifus,
I am currently looking for an all-in-one medical card for my 23 years old son with a premium of RM 200 ro RM 250. I am looking for a policy without co-payment and a R7B of RM 200. Any suggestions.

Thank you.

Hi there

It would be more appropriate to meet up with a life planner so that you can get professional advise based on your son's financial need.

=) though I'm happy to find that you are concern for your son benefit to enquire in here for his insurance.

I'm looking something that can cover my family if anything happen to me when old day. Currently, the prudential PruWarisan is in my attention. Do you know and familiar with this plan?

Nowadays insurance company come up with fancy names for insurance product.

Rather let's go back to basic which is insurance coverage. The product is already there. You just need someone who is knowledgeable to guide you to purchase the right insurance instead of pushing product.

If you don't get what I meant, look for an agent no matter what company and make sure they give you the right financial solution that meets your needs. Products are all the same.

hi..i alrdy have aia medical card from my company..what is differnt medical card with insurance? i pening alredy..what i need is coverage if hospitalization and operation when sakit..

Company Medical Card
Has the same functionality as a personal insurance Medical Card except
1. It has lower yearly limit that you can claim compare to a personal insurance

Personal insurance is applied separately by yourself which is to enhance what is not sufficiently covered for the company insurance and will be carried under your name even after your resignation with the company.

very very subjective argument i will say. every scenario got its own perspective.

since you know that you have under insured life insurance, y not upgrade?

not so sure about PruWarison, need to see the plan proposal to understand it. so are you looking for something that can provide your family if anything happen to you? if PruWarisan can give you this peace of mind, go ahead with it

The premium for traditional medical insurance must be paid on time otherwise it will be lapse in the following month, that's mean no protection at all after that. If you are still healthy, the insurance policy can be reinstated. However, touchwood... become unhealthy, the policy cannot be reinstated back and you will lose the protection. I have seen people made complain about this, but the actual fact is they have changed their credit card but forgot to inform the insurance company or exceeded the credit card limit, thus the credit card cannot be charged by insurance company.

As for investment link insurance, as it has cash value in the policy, therefore the cash value can help to sustain the medical insurance policy. That's why the cash value in investment link plan serves the propose as a protection to the policy in case of short-term non-payment.

Hello Sifus, would be grateful if you could answer some questions I have on insurance

1. I am 40 y.o. already have insurance paying RM200 a month, but coverage is only on Life RM100k and TPD RM100k, Death RM125K, rider for disability RM10k per annum, no medical card signed when i was 24 yo, smoking.

2. Signed up for another insurance when i was 33 yo, quit smoking. Medical card + life. hospitalization(7UPTH) RM150 perday and (7PAAC) for RM10,000 only, paying RM100 per month

3. Now i want to take up insurance for the purpose of covering my outstanding loans/debts should anything happen to me. i have also started to smoke again.

Question:
a. If i want to add on to insurance (2), would they revise my premium since im smoking again? Do i have to disclose that i have started smoking?

b. Should i just terminate my insurance (1) since the coverage is so little?

c. Should i be looking at term life insurance instead? with coverage of at least RM200,000, the premium looks affordable and i can just disclose that im a smoker without any worries.

d. Term life insurance says it does not cover pre-existing conditions. I dont have any BP/diabetes etc but i am diagnosed with arthritis and on medication. would this affect the policy?

thanks in advance for your views.

a. Yes it will be revised based on your declaration

b. Not necessary as the coverage will add up to the total amount to be covered

c. term insurance are meant for short term, which is good if you're looking at cost but if you plan to carry the plan until you're old then you will be seriously burdened with the high insurance premium when you're older and no longer working or earning as much but at the same time paying higher premium.

d. Will need to see how severe is the arthritis, which may exclude you for Total Permanent Disability Benefit or even loading on your Life policy.

Thank you lifebalance

e. Since the arthritis happens after I signed up for the insurance plan, the existing plan will cover right?

f. Do i need to declare to insurance (2) that I have started smoking again? or no need?

e. If it's after you sign up for the policy then there is no issue.

f. yes, you need to otherwise the insurance company has the right to investigate into your claims should anything happen to you due to non-disclosure.