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

CI rider and medical card is different, however for most insurance CI rider will reduce the basic sum assured, as in CI and death will share the same amount. But for MC it is separate so no worries

i want to know who is with met life insurance as i know they just start no so long ago?

the most common one is those that covers all CI with early to advanced stage. if your concern is more to specific ones like cancer, heart attack or stroke, then can get specific plans that covers only the specific illness.

cancel and get pro-rate refund.

nope. after claiming the CI from life insurance, it wont affect the medical insurance part for medical expenses.

The medical card will still maintain even if CI is claimed unless the insured (your brother) passes away then the policy will fully pay out if there is any left on the death benefit. And the policy is cease

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

1 is term insurance the other is investment linked.

If you want to compare investment linked, you should compare with Allianz PremierLink. For RM500k sum assured, it starts at RM1,500.

Best,
Jiansheng

As I know Allianz don't focus much on having surrender value when the policy matures which they can quote you a very low premium while sacrificing on the cash value portion

lifebalance aka Keith,

I am curious on how you come to determine that "Allianz don't focus much on having surrender value when the policy matures which they can quote you a very low premium while sacrificing on the cash value portion." and I also wonder how is your reply to Jdite's question a useful one .

Based on your respond to Jdite, I suspect that you ARE NOT AWARE that i-Essential Cover is an online term insurance whereas Smart Legacy is an ILP which would explain the difference in premium for the same amount of sum assured. Base on previous examples shown by wild_card_my, seems like you do tend to provide a particular brand of advice.

Also, having the flexibility to quote a lower premium for the same protection doesn't automatically translate to "Allianz don't focus on...... sacrificing on the cash value portion.". It only means that an Allianz agent has more flexibility to provide similar protection at a lower premium and invest the difference in other investment vehicle. We can also quote RM3,000 for RM500k sum assured, but I personally don't do that.

Best,
Jiansheng

This post has been edited by Holocene: Nov 22 2018, 06:34 PM

GE Smart Legacy is an Investment Linked Plan, and premium wise im not sure agent quote you the lowest or not. also for GE, our quoted premium must also make sure your policy can run at least 30 years. so dont just look at the premium amount. best is to focus on what benefit that you can get out of the plan

I don't think you need to make it personal by calling my name personally but since you did, I shall break down each of your answers

It's useful to allow him to know what he's paying for a higher premium rather than just choosing Allianz just because it's cheaper since he's asking why he's paying more or less for a different policy.

Yes I'm not aware until I click the link, thanks for reminder.

Like I said, I'm sharing it as a consumer myself and not just only an agent, but since you went personal on that and reported my post just because I'm sharing my thoughts. You shouldn't cowardly report to try to delete certain post just because you dislike the content, otherwise just rename this thread as the Allianz thread where you talk everything Holy about Allianz.



Well since you stand strong behind Allianz giving on cheap quotes when you mention "I personally don't do that".

Kindly show your company product illustration ILP for RM500k coverage and RM1,100 yearly premium with the cash value table illustration up to age 65 for a Male Age 35, Smoker for the consumers in here to exhibit. I'm sure these info is widely available if I just pick up an Allianz policy but I'll prefer an agent like yourself to show it rather than being secretive about it.


Going back to your earlier statement, proof it by showing your illustration as per above otherwise I'm proving myself right. Thank you very much.

To Lifebalance aka Keith,

I must first apologise for "making" it personal, I had no such intention of doing so. As you all know I have always been cordial with my replies in this thread. Given that you have put your name in your signature, I thought it was perfectly fine to use your name. I personally always sign off with my own name. However, given that you do not like to be address with your own name, moving forward I shan't.

Let's have a look at the situation, Jdite had asked a question on why Allianz's i-EssentialCover is so much more cheaper than Great Eastern's Smart Legacy and the simple fact is because 1 is a term insurance whereas the other is an ILP, as confirmed by ckdenion a Great Eastern Life Insurance agent. So how does your answer contribute to Jdite's decision making when you did not first address the fact that he/she is comparing apples to oranges which is in no way his/her fault given he/she is not a life insurance professional. Of course you can also argue that I have already informed him/her about it, but without going too technical in it (i'm not your tuition teacher) you should be aware that premiums for ILPs are dependant on what was discuss between an agent and the client to meet certain financial goals. So your reply of "As I know Allianz don't focus much on having surrender value when the policy matures which they can quote you a very low premium while sacrificing on the cash value portion." does not hold water.

You are better off saying "As I know Jiansheng don't focus much on having surrender value when the policy matures hence he can quote you a very low premium while sacrificing on the cash value portion." But then again you would be wrong to assume so because again, premiums for ILPs are dependant on what was discuss between an agent and the client to meet certain financial goals.

I would also like to clarify, I DID NOT report your post because there is no benefit for me if your post was to be removed. It's better for me that it remains as it gives context to my reply. I also hope you retract your statement about me being cowardly, I am quite brave.

For your info, there is no ILP in Allianz that has a premium of RM1,100 yearly premium so I am unable to assist you with your request. Again, the product in question i-EssentialCover is a term insurance which is readily available online, ie: purchase direct from Allianz, there is no cash value table illustration as there is no cash value. I am also very sure I have never been secretive about my work product so how did you infer that I am being secretive?

With just 1 reply you have called me cowardly, secretive and even tried to provoke me to show a cash illustration that does not exist. So who is the one making it personal?

As the female Carlsberg promoter said "You're hilarious.".

Best,
Jiansheng

This post has been edited by Holocene: Nov 23 2018, 11:56 AM

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?

Want to ask my GE medical card. If I fever then go Hospital. I need go pay anything? Tax is not cover by insurance company right?

any suggestion which medical insurance suit fresh graduate?

in this case is the premium difference a lot? assuming both have the exact same benefits, i will go for AIA. though SunLife is new but it is not that bad either. just that AIA is more reputable if you compared it with SunLife. If budget allows, go for the AIA one.

are you required for admission? if yes then highly likely you can just admit using the medical card (provided doctor provide the needed diagnosis report and any related test report). tax is covered. miscellaneous stuffs like admin fee, medical report fee (some insurance company covers but GE doesnt cover) and etc are not covered.

hmm... depends on your budget and needs. generally what is available in the market is mostly starting from 1mil annual limit coverage. unless your budget doesn't allow then only you go for lower options. you can start from here with given latest medical plan from 4 companies

AIA Latest Medical Plan
Great Eastern Latest Medical Plan
Allianz Latest Medical Plan
Prudential Latest Medical Plan

Hello insurance sifus,

I am considering to be a part time insurance agent (Great Eastern) selling only savings plan ,investment and MLTA. Have a few potential clients (family members and friends) but I was told that i need to maintain 18k sales quota annually to maintain my license. Is this 18k the standard of this industry?

In case I am unable to meet the quota, can i just buy investment linked unit trust (95% premium towards investment with 125% SA) to top up the difference?which company allow this and which is not?Thanks in advance

IF your aim is for a lower insurance premium then take up the Sunlife. If you're more brand conscious then get your policy AIA.


There are a few companies you can choose from, main big ones like AIA, Prudential, GE

You may want to speak to the agents to see what plan is suitable for you based on your budget.

If you only make 18k sales a year, best to close business, you won't be able to see any dollars in this business. Don't waste your family and friend's time to get the policy with you and end up you don't get to stay long in this industry.

My friend/agent decided to straight up quit the insurance industry...

She will be transferring my policy to her mom, who is also an insurance agent, though I have never met her.

Question: Is this recommended ? Or should I be looking for other friends who I can trust, and can serve me for life?

Thank you.

This post has been edited by strategist: Nov 27 2018, 09:06 AM

Is a standalone cancer insurance a better coverage than critical illness coverage? Are the coverage the same between the two and the first is a subset of the latter?