Bro, cant say it is good or could be better as there is a lot of factor to consider. As your age grows, your responsibilities are bigger so the coverage need to bigger. It always good to review your policy every 5 years to update.

Overprice or not, you can always try to get a quote on what you can get for the same amount you're paying at the moment and see if it's still worth it.

Requesting

Disability insurance (lumpsum payout, or monthly payout)

Long term care insurance (nursing, in case of disability)

Identity theft insurance (if any)

Currently I have
Standalone term medical card

I don't want
Investment linked,
Life insurance,
Personal accident
36ci rider

Pls quote going 30, male, education

Tq

Disability insurance (lumpsum payout, or monthly payout)

- is bundled with life insurance (share limit)

Long term care insurance (nursing, in case of disability)

- is a rider that rides on a life insurance

" I don't want
Investment linked,
Life insurance,
"

how are the professionals going to help you? just my 2 cents

This post has been edited by kok_pun: Oct 10 2018, 11:40 AM

It depends what you are looking for and you need to know what you are comparing.

Let's assume that you are a 30 year old male, accountant and nonsmoker. You can get something as below as per "standard".

Premium = RM290/month
1. Life RM100K (until age 100)
2. TPD RM100K (until age 65)
3. Critical Illness RM100k
- Early & Intermediate (until age 85)
- Advance Stage (until age 100
5. Medical Card Room RM250/day, Annual limit RM1,100,000, Lifetime limit = no limit (until age 91)
6. Personal Accident RM100k (until age 70)
7. Waiver of Premium (until age 70)

Assuming you want to maintain the riders as proposed previously by the other agents by removing the PA and Premium waiver, the premium would be RM260.

So it depends what you are comparing.

Best,
Jiansheng

All I can see is 2 non professional agent talking bad about each other for the business.

Would suggest you search for another 3rd party agent.

As for whether it's good or bad insurance is hard to dictate other than understanding your background and your priorities

how is insurance agent B non professional?

as you mentioned, it is "hard to dictate other than understanding his background and his priorities"

how much have you fact find on scarfe to come up with your conclusion?

i don't see 2 non professional agents here. I see only 1. And I believe he is neither A or B as mentioned by scarfe.

1. Insurance agents would generally advice based on the information at hand, and the quotations they presented are suitable to their prospects/clients based on their own judgement. I do not think it is proper for one to claim or accuse either of them to be unprofessional just based on the quotations that they are presenting. You are attacking them personally and affecting their credibility without giving them any chance to defend themselves

2. In addition I have caught you giving multiple misleading advises (of which I have collected a list) in the mortgage threads; but I never attacked you as a person nor your character. I have only questioned or asked for your clarification on the apparent misleading advises, of which you would sometimes give a temper tantrum, and attacked me personally, which reveals the level of professionalism that you adhere to:



3. So if you want to do better as a person and as an agent, I suggest that you discuss the quotations instead of the agents. Suggest improvements, point out "errors" or areas for improvement, because it is so unfair to label other agents as unprofessional without giving them the chance to defend themselves. They may know something that you do not about the client/prospect.

4. If you look at Holocene's post just above yours, you would notice that he never attacked the insurance agents; instead, he discussed the alternatives to the quotation based on what Allianz could offer. This shows that he is more interested in discussing the product and giving alternatives as opposed to putting others down like how you apparently did. If I were not an agent myself, and were looking for an agent and/or policy, his cool methods of focusing on the problem at hand is more elegant than what you just did and I would have chosen to have him as my servicing agent.

This post has been edited by wild_card_my: Oct 11 2018, 12:33 PM

Anybody has experience with AXA Affin insurance? Currently comparing them with prudential. Totally newbie when it comes to insurance. Their plan looks interesting as it has a bigger annual coverage with the same monthly premium

This post has been edited by spikey2506: Oct 12 2018, 04:40 PM

Which plan are you referring to for AXA Affin bro?

Best,
Jiansheng

I was given the quotation on Hope Medic 2 Silver, with 2+ Silver and Wealth Protector. RM200 monthly

Probably you can do a side by side comparison and put it up to have a look

Question 1: why you dont use actual company name? I'm really curious although i know you think it has nothing to do with your question

Question 2: would it be easier for you to make the decision if you gave the other agent the other quote? The comparison is probably harder for you because all the variables are different.. one pays 250, one pays 300, etc... Without going into detail of course the great eastern version sounds better, but you pay extra rm50 la, but it's also unfair to just comment like this. Back to Q1, there is no reason to hide company name.

Question 3: are you hesitating because you worry the rm1.32 annual limit is not true? Well truth is, it is real and legally binding.

Question 4: can you share more info like your budget, financial needs? This will definitely make it easier for others to help

Everybody's budget is different especially when we take into account how much you need to insure. Life and CI coverage is there to ensure that if you no longer able to generate income due to death or CI, the financial impact to your family would be minimal. Hence you might want to think about the RM100k that is currently proposed.

Pro tip:
- take note on which stages of the CI covered and also the survival period.
- are the amount for life and CI sharing the same pool (meaning if I claim 100k CI, would I still have RM100k for life)

As to your medical card, so long your medical card annual limit is > RM1mil per annum, you are good to go for at least the next 5 - 10 years. You can get your uncle to provide you with a medical card that has a > RM1mil annual coverage.

Pro tip:
- check for deductibles and co-insurance
- R&B based on policy year or per disability
- outpatient treatment limits
- second medical opinion
- alternative treatment

Talk to your agents again and get them to design a coverage plan that will provide you with sufficient coverage as a whole.

Best,
Jiansheng

- check for deductibles and co-insurance
: Deductibles:
Example - first rm100k you pay, remaining the insurance company pay (up to the limit specified).
: Co-insurance:
Example - total bill you pay 20%, 80% insurance company pay (up to the limit specified).

- R&B based on policy year or per disability
: Policy year - Whole year can only cover 150 days regardless of illness
: Per disability - Whole year you got 2 disability then R&B is 300 (150 X 2) days.

- outpatient treatment limits
: Cancer, Kidney and Dengue: Check if there is a lifetime limit on these claims.

- second medical opinion
: Check if you are allowed claim second medical opinion costs.

- alternative treatment
: Post hospitalisation, can you go to Chiropractor, TCM or etc...

Once you go through these, you should be able to tell if there is anything you prefer over the other.

Product plays a big part in making a decision BUT you should also take into account the human factor, ie the Insurance Agent.

- Am I comfortable discussing my future risk management plans with him/her?
- Has he/her done a good job in designing a protection plan after our discussions on my needs and exposure?
- What is his/her experience in making claims?
- What are his/her values as an insurance agent?

After you have a think what you would like to tweak, get in touch with the agents and get them to make the necessary changes. Once that's done you can post it here again and we can have another round of discussion.

Best,
Jiansheng

This post has been edited by Holocene: Oct 13 2018, 02:00 PM

1) fair point. There is another reason for knowing which company. It's easier to dissect the pros and cons. I try to be unbias. Haha

3) honestly... you ask me annual limit 1mil, is it a gimmick? yes. You pay let's say 5% more for that additiomal 1mil annual limit, is it something you will likely to use? No... then why they exist? Cause apparently consumer like 1million annual limit.

But to be fair, GE 1.32 annual limit really no caveat la. I mean, as in if touchwood it happens, they will pay, provided it's genuine claim la.

But to be fair to zurich, actually they have product with high annual limit too. But your uncle gave you probably a different plan... which maybe cause cheaper lo. I dunno, i'm not your uncle.

4) dont share income ah, later agents pm you. But actually purpose of me asking is because if example i say 300 good but your budget 200, then i gave wrong advice. Also depends like you prioritise medical or critical illness? Because you are employed... etc. Other factors la. You look like breadwinner, i think need higher coverage in case touchwood something happen to you. 100k life, macam no enough. Point is, i am guessing but i think medical not priority because your employer will cover, right? Anyway my guesswork can be wrong, point is... both companies can offer you the variety of options that you need. I know they both have. Hopefully both agents able to tailor made for you.

I know both la. My point is while i'm not ge staff or agent, not fair to say gimmick only la. But whether it is something you will use, it's a separate matter. Maybe use car as comparison. This is not saying ge or zurich not good.

You are interested in honda city, highest spec... 90k... (i dunno actual price, forgive my ignorance)

At the same time your wife likes toyota vios, 2nd highest spec, because she feels like the 2nd highest spec is good enough, 86k.

So in this manner it's abit like that lo. If you need just a car, the lowest spec will be enough but ppl feel having 6 airbags is useful... although i seriously doubt it. Then different car company have slightly different colour available but they offer similar things a car you can drive. You can compare the 2 insurance quote that way.

The ge version, there is actually 1 + 1 coverage.
1st card 120k per year
2nd card 1.2 million per year

You must use 1st card before using 2nd card. You can view the 1st card as a base (your lowest spec city or vios) and 2nd card as an add on (your higher spec city or vios).

While i still dont think what ge has is necessary, but i also dont want to say ge suck. They dont, it is just like your higher spec and lower spec car. It's a car that i need, that's what matter to me. But may not apply to you. Most ppl buy higher spec, because... ? I dunno, dont understand or plain want to show off? But insurance no need show off right?

Having say that i dont bear responsibility if one day you think maybe should have bought the highest spec city. Point is maybe buy highest spec? Can also buy the highest spec from zurich.

Ps: price difference i dunno. Maybe honda city highest spec is more exp than vios highest spec, but honda city sold by your uncle or maybe vios sold by your uncle... so vios or city?

As reference, my own medical, 120k annual limit. I'm ok for now.

This post has been edited by adele123: Oct 13 2018, 05:49 PM

sorry to hear that.
may i know what insurance u buy?

Its depend on your age too.

Actually how much medical coverage is "consider" enough? Saw a lot of "unlimited coverage"...My agent asks me to upgrade to those unlimited plan. Currently my plan is only RM120k/year and RM1.2m lifetime..