What benefits were provided?

medical card && critical illness rider.

Sum insured and limit?

ugpm for spirited debate

Depends on ur age, occupation, gender and whether you smoke

Perhaps you can provide me these info go check for you with some info of your current policy as there is no head or tail

i do know some muslims who opt for conventional policies

The life planner needs to educate them on the key difference between Takaful and conventional policies and shouldn't sell them a policy that goes against their religious practice.

looking for a life insurance.
42yo
non-smoker
office worker

looking for a payout of 500k ~ 1mio
dont want investment/saving linked.

Why not investment linked?

just need insurance.

hi all sifu,

need some advice
my mum bought from this MXM
underwrite by pacific insurance
The HOD have leave and join pbbank which now partner with mxm for next medical plan
now mxm very aggressive ask to upgrade to Lonpac insurance
say a lot existing pacific customer have upgrade

so my worry is if there are medical condition currently
what if after the upgrade then the lonpac only say cant claim.

If I choose to stay can they corporate agency simply terminate the policy?
or they need to be responsible to cover for their customer ?
or my mum can straightly deal with pacific for renewal?

pls advice

as far as I know MXM is like a MLM company selling life insurance with LonPac, there used to be a die-hard ambassador in here but I think he's no longer contributing to this thread after I exposed him.

Any upgrade on existing policies will require medical underwriting if there is any pre-existing illness. So if your mom is already above certain age or has any pre-existing illness, she'll need to declare it to the insurance company.

Now why are they asking you to upgrade in the first place ?



With this regards, since you've bought from their company, it's best to call their company up and clarify what you've signed up previously.

The insurance is an offer and acceptance process, meaning you apply and the insurer will offer (based on the known and acceptable risk).

Upon reviewing the proposal by the insurer it is ultimately up to you to whether accept the proposal or decline.

The same applies to upgrading. You need to fully declare any health condition that may impact how the policy is being underwrite.

Secondly for upgrading, there is no such thing as buy from company A, but upgrade with company B (unless B buys A).

For The Pacific Insurance, even though the plan is a standalone one, it is guaranteed to be renewed.

Any upgrade, it will have to go through Pacific Insurance and not Lonpac.

Suggest that you deal directly with Pacific Insurance if you want to upgrade.

Once they offer (due to the preexisting illness), you may decline if it is unfavorable for you to do so.

If you need contact person at Penang Pacific Insurance, I can email to you.

.

thanks all for your input
MXM is the corporate agent for pacific since 1998

so I think they wont simply terminate the policy
even thought MXM decided to pull out.
Give that my mom already over 60 yr old
there no point for her to upgrade to other co
anyone can confirm this?

asking to upgrade because it's company direction to sell only Lonpac new product
old product is insured by Pan Pacific.
is it ok to remain with pan pacific?
will pacific have right to terminate my mum medical card if mxm decided to pull out?
What right we have for protection?
Can Bank Negara advice on this ?

this is the lonpac upgrade form
to upgrade from previous pacific insurance

it didn't mention to declare any current medical condition
https://www.dropbox.com/s/85vpgqwaprq9vh6/a3.jpg?dl=0

can we ask lonpac to issue a guarantee letter?
or any advice

my friend just told me he just receive letter from pru that they are increasing medical insurance fees starting april...any news from aia, ge and others?

just heard rumours last year end bout this, looks like it turns out true

AIA sent out last november. I received it...

anyway, it's normal since to be fair, medical expenses has increased, claims have increased hence your premium has to increased. it was in the news (from social networking) that a few of them are doing it. allianz, aia, ge. i am sure there are others that was not shared or i missed out from the news.

if you sit down and calculate the cost, investment-linked is still a good option (easier to change Sum Assured, though other non-IL products still do-able but with t&c)

don't rule it out, but ensure you have all the options available from your agent. (ie. remember to ask your agent quote you a term life insurance, usually they don't sell this kind of product, so request specifically)

thanks, will do

Best for you to call up mxm or lon pac to clarify and make sure you read the black and white before signing any documents.

AIA was just before end of last year 2016. If you're a policy holder you will receive an internal mail posted to your mailing address Regards to this matter