Need help here, I am quite clueless when it comes to insurance although I know it's important.
Can anyone of you especially from this A*A company help to digest and explain each of my plan and how should I use them?

Most importantly, is it sufficient for a mid 20s single fresh graduates?

I remember my agent told me he help me to subscribe for 2 plans:

1. *-LifeLink
He mentioned that it is the critical illness (36 types) and medical card for me. Not sure how to check R&B and other details here. What I don't understand is why all the [Covered Member, Correspondence Person, Covered, Policy Owner, Payor] is my name here.
[attachmentid=10032587]
from the picture here you have medical card but cant check what's the R&B though. this is your policy right? you log in with your IC number i guess?

2. Twin P*
He mentioned this is the Accidental part where I'm given an amount of money if I were to meet accident. Is that correct? On the web application, the client tab shows nothing, my name not indicated here at all.
[attachmentid=10032588]
looks like it that if you couldn't work due to accident, then you will be paid RM50 weekly. check policy book for more details of this benefit.

Question:
a. Did I pay too much for my insurance?
in this case have to really discuss with your agent to access your financial risk and also of course your income level.

b. Is it sufficient for me?
by the time you purchased, you should have known whether it is sufficient for your or not.

c. Should I swap to conventional insurance instead of ILP since I can play stock myself?
get to know what are the difference in benefits if you will like to pick conventional (perhaps you mean traditional/standalone) insurance over ILP. then you judge by yourself which one suits you the most.

d. What else is not covered here?
quite comprehensive already i will say. only thing is look into debt settlement (if still have any outstanding loan).

Hello Sifus,
I saw this thread and wonder why there is no reply to his query. can anyone enlighten us? I thought medical card (attached to life insurance/standalone) should be guarantee renewal? The pricing could be increased but as a whole (group wise) not targeting specific individual who claims the year before?

https://forum.lowyat.net/topic/4663054

==
My mother 64 years old have a tokio marine medical card which we renew annually. Last year however, she was admitted into hospital for colonoscopy - doctor worry there may be something. We claimed the medical card because well that's the use of medical card, right?

Anyway this year during renewal of policy, they slap us with a 20% coinsurance with no cap!!!!!!!!!!  mad.gif  mad.gif  mad.gif  mad.gif  mad.gif Who have similar experience? Is there anything I can do from my end?
==

Thanks.

Just want to express my madness to AIA service , their process is really slowwwwww to the maximum .  I have submitted policy loan on september 6 to cashier , when the time i submitted i have ask can you help me double check any detail i forgot to fill up , the staff just said no problem at all and tell me if there is any problem they will call my contact no the next day after they scan my document , obviously i didnt receive any call and until 18th september  when i call customer service to folllow up my loan procedure only they told me i have wrong fillout a detail  , and have to resubmitted a new form , i was like WTF when the time I submitted the staff said no problem and now get PENDING because of this. Of course when i resubmitted new form on 18th september , they only scan into the system on 20th september , Goodjob , took 2 day to scan a document and updated . the worst thing is my 14 working day to be process done have to recalculate started 20th september  .  I really dont understand why cant they speed up the procedure for person who urgent to get their money back . the whole process already took me 3 week , and until today 26th when i called up ,their replied is my document just send for stamping . still need another week to be done , OH MY GOD ,AIA YOU ARE THE WORST  SERVICE I have ever seen .

MY strongly advice for those AIA policy holder , in future if you want to apply policy loan or surrender your policy , please ask the staff double check every column to avoid get pending and it will delay the whole procedure . and request an acknowledgement letter on the spot to secure yourself . secondly AIA process are really slow and if yours urgent need money please do a preparation and bear in mind you have to wait for at least 2-3week .

recently i have 2 quotes from 2 different insurance company (name: P and G) for my 1-year old baby girl. surprisingly there is a big different on the quotation and i am checking with the agent (G) on some of those question.

Just to ask si fu here, is the quote below suspicious:
P: life 100k, TPD 100k, critical illness 100k (200k after life assured reaches age 25). No medical card. Total premium RM200/mth, which RM50 will be allocated to investment linked account.

G: Life 500k, TPD 500k, critical illness 500k. no claim after 20 years = 100% +- cash rebate. No medical card. Total premium RM250/mth

Dear All,

I wish to get some confirmation regarding the reimbursement of critical illness from life insurance and the impact to medical insurance.

My brother has 2 separate insurances from AIA (1 is medical insurance, and another life insurance with investment linked). My brother now has cancer (stage 4). His life insurance covers critical illness which includes cancer.

The question is, if my brother claims the critical illness from the life insurance, will it have any effect on the medical insurance part if he wants to claim for hospitalization for cancer treatment later.

Thank you in advance

Hi guys,

Need your advice on these 2

Allianz i Essential vs GE Smart Legacy for sum insured RM500K

Premium for Allianz is RM1100 pa for 10 yearss coverage. No surrender value

Premium for GE is RM3000 pa until 99 years old. With surrender value.

Which 1 to choose? Why the premium diff so much?

https://www.allianz.com.my/iessentialcover

https://www.greateasternlife.com/my/en/pers...art-legacy.html

Hi, I'm currently looking for a life insurance.

I'm torn between choosing a Sun eSsential Life (SunLife) and AIA A-Life ProtectTerm. For a sum insured of RM500K, I have to pay a higher premium for AIA. I'm mixing sentiments into my decision criteria in which I view AIA is a reputable brand and SunLife is relatively new.

Thoughts?

Hi sifu.

I tally up AIA H-Maximizer tat has a premium schedule thats increasing every 5 or 10years, till 80 years old. 30 years old rm600 per year. 80 years old rm16k per year.
Total premium paid according to that table from 30years old to 80 years old is around 220k.
It has deductible(quite high) , no co-payment.
Annual limit 300k. Lifetime 1mil

Then my other friend is using Prudential, with medical, life, and 36 critical illness. Rm288 per month till 70 or 80 years old.
Tally up.rm288 till 80 years oldnits rm170k.
Annual limit 1 mill.
Lifetime 1 mill.
How come the one with life, 36 illness and medical overall is cheaper than the one with only medical ? I don't kinda understand.

i was recently offered by an insurance co with loading the 40% on premium but upon checking it was more than that because they also lowered my sustainable age from 78 to 74 basing on low scenario, if I were to ask them to set my sustainable age back to 78, the loading will be 68%.
Question: can the company load me on the premium then lowered down my sustainable age but claim that they only load me on premium?

Hi, is this the right place to ask about the pros and con for medical card + investment link? I'm currently using Allianz and paying about 3k annually (inclusive of 36 illness). Is it ideal for me (26, non smoker, earning around ~3.5k monthly)? Or is there some other plan i should look at? Sorry if its the wrong place to ask.

another thing, just wondering, can we buy insurance direct without agent? what is the pro and cons? any difference on the premium?

If yes, where to buy? Ringgitplus?

no hard feel ya just curious and wanted to know more since on quite tight budget.

Thanks

Hi Guys,

My details are as below:
1) 23 Male
2) non-smoker
3) just started working, electronic engineer

Recently started paying my insurance which my dad took around 2-4 years ago. (AIA)

The policy details are attached in the screenshot

Basically it is from this website:
https://www.pbebank.com/Personal-Banking/In...power-Plan.aspx

My questions are:
1) Where can I get more elaborate details about the medicare booster rider, it only says 1.5million annual cap?
Cause it seems like AIA changed the name of the medical booster to A Plus Med so i'm not sure which one is mine.
check from the policy contract document for more details or the benefit summary from their website here.

2) The second screenshot is a screenshot of my monthly tax invoice. I'm getting charged around RM80 per month for something called Fee & Charges every month. Is it good or bad?
not sure is that the insurance charges or not... should be i guess

3) My dad took this agent with the bank and the agent now has stop working, so basically I have no agent. Is it good to have an agent?
if you have an agent at least someone can guide you what to do upon claims. else, have to walk-in to the company customer service department. also agent at least can update you what is the latest plan in the market.

4) My current premium is rm300, is it a good deal? Life is around RM 100 000.
hmm, cannot give opinion without knowing the policy details and benefits given

Any input or advise will be appreciated, thanks.

Thanks for the reply, I can still survive normally with the annual payment luckily . Anyways, its just that i find it hard to understand when it comes to the discussion for stand alone medical vs ILP. It's like I only have a general view after googling around the topic haha.

Hi all,

I have aia life link policy with a couple of riders which i paid 3300 annually.
Is it possible to know roughly how much of it is life insurance?
So that I could top up the remaining with epf contribution to maximise the tax relief of 6k

I'm actually asking on behalf of a businessperson

Hi all Sifus,

Nubs here got 2 stuff to ask.
Stuff (A)
===========================================================
1. Employee Medical Plan (AIA), policy states that outpatient GP(Clinic) is covered cashless. Also if referred to outpatient SP(Hospital Specialist), also covered.
2. For pay and claim process, suppose to pay first, then submit e-claim later.
3. My colleague was unwell for long time(prolly half a year? lethargic, fever, heartache etc), then went to clinic few times, still cant cure, then referred to hospital.
4. Pantai hospital ran diagnostics(many tests) (no admission), and etc but ntg conclusive.
5. Got second opinion at outside clinic, and found abit diff stuff, then referred to Gleneagles hospital
6. Gleneagles ran extensive tests too. no admission
7. Found some hereditary gene stuff, not fatal, as long as jaga and take care of health.(not really sure)
8. Submitted claims to AIA.
9. Pantai stuff all claimed.
10. Gleneages stuff got declined with reason - no original receipt(there was invoice)
11. Submitted original receipt
12. Again got declined with reason - no hospitalization proof
??? Why hospitalization? This is stated in policy clearly as company aia employee benefit. Pay rm20 cost, the rest claim back..... is this normal that insurance will die die make you run 10 miles around?
===========================================================

Stuff (B)
===========================================================
Going to put a Prudential plan here by an agent i met not so long ago. I am 29 years old non smoker. Any comments?

Package with ILP
PRUMillion Med - rm1.38 million annual renew, unlimited lifetime, rm 300 deposit non refundable upon admission
Term Life/Disability - rm50,000
CI 36 - rm50,000
Accidental Death - rm100,000

Monthly Premium - rm238
===========================================================

Hello guy, I am currently on my 10 years old AIA Flexi-premier income, CI and medical plan. The plan is too old and I would like to update it.

Just started surveying recently and find insurance is quite confusing thing. Need help for some advice on market rate and how much should i cover. I have no idea what "package" are available. I am non smoking male engineer aged 34.

Would like to explore other company than AIA (not really happy with their service  )

Hope sifus here can shed some light for me to kick off my insurance shopping~ 

Haha, thanks for your valuable inputs, with that i could roughly calculate my need!

For the AIA services, it change 4 times during my 10 years period (is that normal??). First one was good, subsequent one really no eye see. Second agent don't even know the business well. I believe she was fresh agent. 3rd one was not really responsive once he heard i change location to other state. Another issue was I was on credit card direct debit and call to stop the service, agent asked me go to their branch to fill and submit form manually. And they don't open during weekend.

Every company has their own service problem, but I am willing to explore to other service provider regardless of how good are them, at least i step out of something which i had unpleasant experience with.

Any idea how frequent should i review my plan?? maybe 3 or 5 years??

Frankly speaking my 10 year old plan only cover RM110k per annum, current now market is like 10x higher!!!!   

Hmm

After reading the posts above. A question.
What if my monthly finances currently do not allow me to pay a premium that would have the suggested coverage of 10x annual. And etc.? What should I choose.?

I can only pay for coverage maybe just 1x annual income. . . . .

Hi,
Any comments on Tokio marine as an investment linked life\36ci\medic insurance ?
As compared to Prudential ?

Purely from a company standpoint.
Assume both agents are superb.

Getting correct agent is really important. If i not happy with any agent, I can contact the company to change to another one?

I really particular with agent. I met one financial planner few years back, she was super aggressive and even told how i must live my life, giving her my 10~20% of my monthly income for her investment product. I have phobia meeting agent since then 

She quoted herself as financial planner. I think nowadays no many insurance agent called themselves insurance agent.
Look at those banks telemarketer, always say themselves are not selling insurance, but after listened to their plan at the end is asking me to pay a premium to get some protection.

Another nubz question.
Thank you all for answering my insurance doubts and QQ

Hmm. For coveragea and plan upgrades , is it really an upgrade whereby existing policy remains in effect. Coverage increases. And no waiting period needed.
And illness covered will be the same as existing policy.

Ummmm..I am not sure what upgrade means?

A question on Room & Board entitlement pls. If my insurance covers for RM100, if i stayed in a higher-priced room, do I get the RM100 (meaning, i just pay the difference) or can only take RM100 room oni?

Thx for the reply. Alright, say I have two insurance plans (1 company, or personal), and both mentioned R&B to be at 100. Say the room I took is 150, possible to charge the difference (in this case 50) to of of the insurance?