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 Insurance Talk V4!, Anything and everything about Insurance

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ckdenion
post Jun 6 2017, 12:01 AM

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QUOTE(yageosamsung @ Jun 5 2017, 05:02 PM)
Hi, would like to seek advise from sifu here.
Etiqa Triple Lifestyle Protector- is this good? pay around RM 5500 annually
Any pro and cons?

http://www.etiqa.com.my/en/triple-lifestyle-protector

Appreciate for the reply.
TQ.
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How old is the life assured? Cannot tell much of the pros and cons just based on the website and based on your yearly premium itself. Basically it covers the basic stuff. As long as it helps you financially when "stuff" happen, then its good for you.
ckdenion
post Jun 6 2017, 11:38 AM

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QUOTE(yupng @ Jun 6 2017, 11:08 AM)
Agreed with your point, but still need to look "pay to get best/max protection" with the budget.
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perhaps you let us know your comfortable budget? and of course your age, occupation, smoker/no smoker.
ckdenion
post Jun 6 2017, 12:50 PM

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QUOTE(clickNsnap @ Jun 6 2017, 12:48 PM)
Yup , I am in contact with my PRU insurance agent now.

I was comparing the PRUhealth & GE Medic Xtra, it is not direct comparison like apple to apple, but I think the GE price is more affordable, GE has higher coverage with lower premium.

https://www.prudential.com.my/en/our-produc...ders/pruhealth/

https://www.greateasternlife.com/my/en/pers...t-extender.html
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prefer you to look into PRUvalue med if budget allows smile.gif
ckdenion
post Jun 6 2017, 12:57 PM

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QUOTE(arilrifter @ Jun 6 2017, 12:44 PM)
wait.. dont some insurance like prulady covers if a child is born with autism?? and I thought AIA will be coming up with a new product that will cover women who give birth to child with autism??
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nope...i refer their product brochures. autism is not covered even in PRUlady or PRUmy child. the new AIA plan which is A-Life Joy & A-Life Lady360 also got nothing to do with autism as well. correct me if im wrong.
ckdenion
post Jun 6 2017, 01:11 PM

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QUOTE(lifebalance @ Jun 6 2017, 01:01 PM)
This is covered under A Life Joy with Baby Care rider for Autism Spectrum Disorder and Attention Deficit Hyperactivity Disorder

https://www.aia.com.my/content/dam/my/en/do..._6th%20edit.pdf
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QUOTE(notok @ Jun 6 2017, 01:01 PM)
For AIA, you need to attach rider on top of the A-Life Joy
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ah thanks! didnt know got another rider. i just check Joy and Lady360! thanks guys!
ckdenion
post Jun 8 2017, 01:09 AM

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QUOTE(Shengz @ Jun 7 2017, 02:21 PM)
Sales, some coolie work like loading stuff for customers, uses light machinery sometimes. Ya.. Own business, so what also must sapu.
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yeap indeed own business got more responsibilities! notworthy.gif not easy running a business. hmm.gif hope to know more about what biz you are currently doing if got chance. icon_rolleyes.gif
ckdenion
post Jun 13 2017, 02:28 AM

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QUOTE(chiahau @ Jun 12 2017, 01:44 PM)
Hi guys, just a little curious bout insurance.

IF I want a life insurance policy that payouts a minimum of MYR 1 mil upon death / accident / similar, what is the expected rate of premium per annum?
based on your age and occupation, around RM500~RM600 (with medical coverage of 1million annually)

And would it be possible to pair the life insurance with another insurance ( Medical or similar ) for critical illness or similar sort of conditions?
yes possible. life + medical coverage in one policy

If age matters, below 30, healthy as a fiddle according latest medical checkup. I'm a paper pusher in office, so no risk of being involved in workplace accident if that matters.

Apologies if my question seems very broad. I have yet to do my studies on insurance except for mortgages tongue.gif
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QUOTE(chiahau @ Jun 12 2017, 01:52 PM)
Age : Below 30
Gender : Obvious
Occupation : Kuli / Consultant
Smoke : Never

Am roughly looking for the following :-

Life - MYR 1,000,000.00 coverage minimum.

Medical - CI MYR 1,000,000.00 ( Is that normal? ). Annual Limit I am not sure as my parents are gomen servant. Status Quo for now since I can get medical care in hospitals for very low rate. Perhaps you can give a general recommendation on that.
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Hi chiahau,

my reply as per above. wink.gif by the way the CI you meant is referring to medical coverage needed to treat CI? or a lump sum payout to replace your income?
ckdenion
post Jun 13 2017, 04:24 PM

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QUOTE(chiahau @ Jun 13 2017, 07:59 AM)
Replace income / Settle debts / Enjoy life before kaput.
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so your intention is to have the 1mil upon life/CI coverage. let say if no medical coverage, even with around RM8400 yearly premium, you will need to top up premium 20 years later to get that coverage. perhaps during that period of time when you dont need that amount of coverage, adjustment can be made.

so for your needs, i will say it will be roughly around RM700~RM900 monthly premium range to get that coverage that you want. depends on what type of insurance you get. term can be much cheaper though.
ckdenion
post Jul 11 2017, 02:48 PM

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QUOTE(kok_pun @ Jul 7 2017, 12:05 PM)
» Click to show Spoiler - click again to hide... «

abang, get your fact right please...

otherwise you might sound really unprofessional here
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cannot blame lifebalance here as the product brochure from official website is still the not updated details.

QUOTE(Mahao @ Jul 7 2017, 01:58 PM)
For GE insurance, is medical check up required for a 25 year old non smoking male? I have a non life threatening joint disorder, agent did not advise to disclose. But another friend of mine said GE has the right to reject my claim if I did not disclose. Since my policy is already enforced, can I still make the disclosure? What is the implication? Thanks.
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better disclose. you can still disclose and let company investigate.
ckdenion
post Jul 11 2017, 04:26 PM

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QUOTE(clickNsnap @ Jul 11 2017, 03:23 PM)
When I was browsing though the GE website, there are so many plans... https://www.greateasternlife.com/my/en/pers...alth-protection
see until  rclxub.gif
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u r not the first one having rclxub.gif . some of my friends also said the same thing. wouldn't blame them as well. end of the day only agents understand the plans provided in the website.
ckdenion
post Jul 13 2017, 05:15 PM

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QUOTE(subaiku @ Jun 29 2017, 04:38 PM)
Ok sifus, need your opinion on my current plan from Prudential. Does the premium seem a bit high for this plan? It's an investment linked plan and I've had it since 1999.

Monthly premium RM224
PRUlink assurance account RM 120,000
Crisis Cover Benefit RM 120,000
Personal Accident Benefit RM 40,000
PRUdisability provider Benefit RM 8,000 per annum
PRUmajor med 2 Benefit RM 200 (Room & Board)
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with the premium u are paying and the benefits you are getting, it looks reasonable to me.
ckdenion
post Jul 14 2017, 12:37 AM

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QUOTE(ngks @ Jul 13 2017, 08:37 PM)
Since he bought it on 1999, younger age have big advantage on premium.
That's what suggest to plan well on young age
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yeap u r right, with the current premium he is paying if getting a new policy now prolly cant get such benefits already. cannot give much opinion also as we dunno his background too.
ckdenion
post Jul 26 2017, 04:15 PM

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QUOTE(fairylord @ Jul 22 2017, 02:56 PM)
» Click to show Spoiler - click again to hide... «

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looks like the quotation is not for you. it is for 16 years old child eh? make sure agent provide you the correct quotation based on your profile. u mentioned he did one for you RM150 per month premium right?
ckdenion
post Jul 31 2017, 01:35 PM

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QUOTE(fairylord @ Jul 27 2017, 12:30 AM)
» Click to show Spoiler - click again to hide... «

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The updated proposal looks correct. Most important is, if that is the max u can afford and you trust the agent, no problem going ahead. Cant do much with that budget. Only you urself know what suits your needs.

QUOTE(ipohmali70 @ Jul 27 2017, 09:47 AM)
Thank you for your feedback.  I beg to differ in your statement that people engaged in private flying cannot buy PA at all.

A standard PA is available to anyone of pretty much any working class.  Just that the coverage will have the exclusion clause of private flying, among other things.

Appreciate if you can familiarise yourself on exclusion clauses.

Thank you.
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Yeah u r right on the exclusion part. It still comes down to final decision of underwriter though. Hope you get the coverage that you want!
ckdenion
post Aug 2 2017, 01:02 AM

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QUOTE(Red_rustyjelly @ Aug 1 2017, 02:09 PM)
Guys, what is the return % on GE's Smart Educate Saver over the 18 years? lowest projected & High projected?
I heard it is a good plan, that the Unit trust will use the money for investment

SOS: https://www.greateasternlife.com/my/en/pers...cate-saver.html

planning to buy 1 for my kid.
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honestly speaking if you are looking at this product to help grow your money for education purpose, you really need to put quite big premium.

so let's say you have 18 years to prepare for your kids education fund, how many do you roughly need? then from there i calculate the monthly savings needed for you based on this plan you mentioned.

p/s: don't rely 100% on this plan for education fund purpose ya. I dont want you to end up 18 years later when you wanna take the amount out from this plan, it is not enough. wink.gif

This post has been edited by ckdenion: Aug 2 2017, 01:05 AM
ckdenion
post Aug 2 2017, 01:13 AM

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QUOTE(flintbatu @ Aug 1 2017, 11:58 AM)
» Click to show Spoiler - click again to hide... «


My question is that any difference between 70 and 80 years limit besides the cost? Any input would be appreciated.
if you think that there is a need for you to be covered for medical expenses till 80 years old, by all means add the RM30 per month. (unless due to budget, or you dont see the need of it). else, as we get older, in the future when we want to extend that extra 10 years of medical coverage, there will be risk that our health wouldn't allow us to do so anymore

Thank you in advance.
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reply above! wink.gif
ckdenion
post Aug 7 2017, 02:53 PM

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QUOTE(memento81 @ Aug 3 2017, 10:31 AM)
hi,

Currently i'm a Alliance power link that cover my life only for about 500k if anything happen...
my premium paid 380/month..and the insurance does not cover TPD.

so my question is...i think my premium is too high?
can i have other option that can cover around 500k - 1mil
Can you help?
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that plan covers TPD by default.

QUOTE(clickNsnap @ Aug 3 2017, 08:57 PM)
I just bought the GE ILP with Great Medic Xtra & Great Extender plan, the plan cover up to age 99. The plan is still under 'free look' period, I noticed there are two riders; V119 SMX150-99 & V133 SE90k-99 in the proposal (I think these riders cover from age 81 to 99). Since our life expectancy is around 75 to 78, shall I drop these two riders and have more 'fund' to be utilized in the later old age year (age 60-80)?
What do you think the differences of medical cover up to 80 and 99? Justified for the extra premium being paid for? I think...if I can live till 80 y/o is good enough smile.gif, what is your opinion?
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by dropping out the two riders doesn't affect the fund allocation because the insurance charge for that 2 riders come in only >80 years old.
ckdenion
post Aug 11 2017, 05:53 PM

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QUOTE(ganaesan @ Aug 11 2017, 04:02 AM)
AIA and GE agents, need your clarification..

Do your company's MEDICAL CARD covers take home drugs, examination and consultation for out-patient kidney dialysis and cancer treatment??

For Allianz, I notice it's clearly stated on their brochures..

What about for AIA and GE?? HLA?
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QUOTE(ganaesan @ Aug 11 2017, 01:06 PM)
Thanks for the info..

What about GE? GE agent pls come in
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yes for GE it is included as well. stated in policy contract document.

QUOTE(imnotabot @ Aug 11 2017, 01:22 PM)
For AIA, is it possible to restructure my whole life insurance with riders, so that the riders become standalone, and then I cancel my whole life insurance? Or do I need to create a separate policy and then let my original policy lapse?  hmm.gif
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u can remove the riders no problem.
ckdenion
post Aug 15 2017, 04:11 PM

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QUOTE(xpole @ Aug 14 2017, 10:00 PM)
I have some question to ask regarding Insurance agent. I have read previous pages but couldn't find it

Is it recommended for me to take insurance with someone that I know or through an agent that approached me? I have 3 close friends that are currently doing full time as insurance agent.

I'm still new in this. Sorry for this noob question. sweat.gif
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as long as you are comfortable to deal with the person and trust the person, its ok. or u can approach all then decide again.

QUOTE(it.fusion @ Aug 14 2017, 10:18 PM)
I am paying for past 6 years with both me and my wife under GE approx rm5k for ILP with waiver benefits..

total sum assured is rm80K but medical card is value is not much believe its 100k lifetime limit..

Any better plans for me to upgrade or switch to another provider ?

thanks
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have to check your policy to confirm again. of course there are options to upgrade/switch provider.
ckdenion
post Aug 22 2017, 03:25 PM

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QUOTE(Mr.Weezy @ Aug 19 2017, 10:46 AM)
Parking..

Taking my PCE on Monday
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how is it? nearer to being an agent? waiting for your good news laugh.gif

QUOTE(MNet @ Aug 19 2017, 07:37 PM)
the product matters too
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if product matters, i think i have to be insurance broker and sell all insurance companies product d.

QUOTE(knight @ Aug 20 2017, 05:35 PM)
I see. So I can still switch. ok, will check it out from my insurance. No need ask agent coz I think he disappeared oledi long time.
since your agent disappeared, either go straight up to the company or maybe agent from the company here can help you switch funds.

Basically I buy this insurance for the purpose of insured only. I get IL policy coz its cheaper. What I need is protection like DB, CI, and Medical card etc. Since It's that low, I thinking if can I'm pulling it out to invest other things. Even put in Unit Trust also better as I got more freedom on my investment. 
yes in this case it is for the insurance purpose. with the protection benefit you got, there isnt much return that u can get from this plan itself. you can invest in other areas/ wink.gif

If not mistaken, lets say my IL premium is RM400, even the insurance increase every year, I will still pay RM400. Just my investment portion is reduce. Correct right?
yes. in layman term, you are actually paying for the future increase cost of insurance first. pay more first to generate more to cover future cost.
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hi knight, replied as per above!

QUOTE(dragonteoh @ Aug 21 2017, 10:10 PM)
Hi all, wanna ask.

Is it better to buy each type of insurance coverage separately ? or all in one package ?
Example : Medical card  x 1, 36 illness x1 , life x1 or 3 combine in 1 ?
buy all in one package is more cost saving in a way. unless you dont need the other coverage. if you need all the insurance, buy all in one package.

2nd. I have a scenario where
purchase a Life/TPD with Investment insurance about 5 years back which max cover RM250k and each year premium pay RM2400.

and now another company was offer same price but max cover is RM500k....
** both are same type of insurance which only cover Life/TPD with investment.

and Sifu , what is your advice if come to this situation ?  Should surrender the old policy and took the new one (i not afford remain both policy at the same time, but if surrender the old one, the cash i can get back after surrender is really less.)
have to check whether the term of coverage of both product is the same or not. definitely will have difference in terms of cash value. see what's ur priority. we can't really guide you in decision making unless we can sit down and look through both plans and discuss with you
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hi dragonteoh, my reply in blue! biggrin.gif
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