It doesn't make a difference, really.

If you have a preference, you can go with your personal preference.

[Personal Opinion]
I believe many here share my personal opinion on the matter..
That is, it really doesn't matter which company(s) you go with.
Your experience with any and all companies will only be as good as the servicing agent's services.

So if you have a particularly good friend/family member that is currently servicing your insurance needs, go with him/her!
[A bit more]
My experience dealing with my clients who asked the same question, is that the question really sounds like this:

"Do insurers communicate medical histories with each other?"

The answer is NO. It is your private data, so no sharing unless otherwise permitted by you.

However, while insurers keep your data to themselves, your medical history at any and all licensed and registered medical facilities in Malaysia is safe with the Kementerian Kesihatan Malaysia, as well as all local medical facilities for a minimum of 7 years.

If medical history is a concern, I suggest you have this discussion with your current agent (or an agent you trust) to look for the most feasible solution, considering the realities of the day. 

May not be ideal but it is definitely better than nothing.

Thanks very much, kind Sir! I understood the explanations, more so on the need to find good servicing agents, and on the point that insurers do not communicate medical histories with each other.

My concerns in going with the same insurers are as follows:
1- My current servicing agent is good - but he may leave the business (who can predict the future, eh?) and I may be left with a lousy agent

2- On the exclusion part - diff insurer would have different interpretation on what is 'reasonable and customary' - So if I opt for separate insurers, what may not be imbursed by 1 insurer may be imbursable by another insurer

3- premium payment - Not too sure if this is valid - but some insurers increased their premium should the insured claimed? But some don't. So with diff insurers, I may be have the advantage of determining to which company I should charge the claim for.

HI, my relative have a plan under AIA Anniversary Life plan since 2003 at age 53
it stated sum assumed 12k and yearly premium 1,200

May i know what the feature ?

Based on my calculation, she already paid for RM19,200 in total for the pass 16 years and now the policy value only 7k.

she is wandering worth to continue....

Just recently, I've been told that AIA's med plus medical card rider is conditional renewal on each policy year? In the sense that the insurer has the right to not continue insuring? As opposed to PRU's guaranteed renewal and non cancelable.

However, upon going through my sub contract policy for med plus under the renewal portion, it does state that it is conditional renewable subject to terms and conditions of termination of Supplementary Contract Provisions, on each policy anniversary of the basic policy,  by  payment of cost of insurance by the insured at a rate fixed by us (the insurer) at the time of renewal.

this I interpret as, if I continue payment, then I am surely given a renewal, although the cost of insurance is not guaranteed and this might be modified by the insurer.

Isnt this the same for all policies? that as long as your premium is continually financed, then you will be given a renewal until maturity of policy? Is there something I am missing here?

Hi folks, I'm trying to get some facts right here, thanks if anyone experienced can help me out.

Asked a few insurance agent on normally how much does they made on commission per sale, most told me it's about 25%, that's true for *maybe* LI or Medical insurance, but I would like to know what's the commission for saving plan? is there personal sales commission and group sales commission? or is it being paid in binary system?

Different company's rate is different and it also depends on how many years the client signs up for. For example, if a client signs up for a 3 year contribution saving plan the agent might be earning 17% of the annual premium over 3 years.

Personal commission applies to agents whereas group sales commission will apply to Unit Manager and above.

Best,
Jiansheng

Thanks Jiansheng for your reply, under this circumstances, can I assume that me myself as an client, at least 17% of my total saving plan value are being used to pay comission to agent?

Hi folks, I'm trying to get some facts right here, thanks if anyone experienced can help me out.

Asked a few insurance agent on normally how much does they made on commission per sale, most told me it's about 25%, that's true for *maybe* LI or Medical insurance, but I would like to know what's the commission for saving plan? is there personal sales commission and group sales commission? or is it being paid in binary system?

Thanks Jiansheng for your reply, under this circumstances, can I assume that me myself as an client, at least 17% of my total saving plan value are being used to pay comission to agent?

Different product sold will result in different commission payout, can range from 3% - 35% depending on your product that you bought with the agent.

Mind you this is 1st year comm, there is still the 2nd - 6th year commission paid

Which overall results to 100% - 140%

Let's say we're talking about saving plan , the kind that, pay 10k for 6 years and get 2k every year for 30 year+cash value, how much does the agent earn?

I'm asking these, because I'm surveying the agent market, wanna know how much incentive that the insurance company fork out to pay their agents.

Hi. What do think is an appropriate coverage (rider) for critical illness for a 30 year old woman?

Hi. What do think is an appropriate coverage (rider) for critical illness for a 30 year old woman?

Hi,

I have just settled my housing loan 10 yrs earlier (thank you  epf  account 2) , i wonder what to do with my MRTA ???

Let it be
Ask for refund

Get your refund or just let it burn

So that mean no more insurance protection since the loan is settled.

TQ

So that mean no more insurance protection since the loan is settled.

TQ