Agent can be switched around or engaged anytime, just get the one best serve to you.
Details about insurance are easily available across nowadays, never blindly trust anyone except yourself.

But from my experience, agent tends to MIA after bought...
and emerge again when want to persuade to top up or buy new insurance...

Hey coo|dude,

Standalone cancer insurance as it’s name suggests only covers cancer whereas a 36 critical illness coverage covers 36 critical illnesses which includes cancer.

Depends which company you are looking at, the structure of the products differs and so does the premium.

So it’s up to you to decide and here’s 2 things to consider when deciding:

- budget
- type & amount of coverage

Remember, the sum assured of a CI insurance is a form of income replacement in an event that you lose the ability to work for a couple of months/years due to a CI. So that’s something to consider when thinking about the type & amount of coverage you need.

Best,
Jiansheng

Thank you for your response. Is it also true (or maybe products dependent) that the standalone cancer insurance covers more, if not all type of cancer as opposed to the CI which only covers few type of cancer? Lastly, I understand standalone cancer covers pre-cancer phase which is not usually covered by CI? What do you think of it?

No you can't transfer it to another friend unless the agent agrees to it. Normally the policy is transferred to the higher up which is your friend higher up manager

You can always arrange the apointment to meet your friends mom to know your new agent

Since it's a cancer only coverage, the premium could be cheaper but you are only covered for cancer related illness and not the full critical illness list.

It would be advisable to spend more for a better coverage or unless you already have existing critical illness coverage and just want to top up more into just cancer coverage

Hey coo|dude, whether it covers more depends on the design of the product and also your definition of more.

Traditionally when we talk about 36 Critical illness they cover cancer however the definition for cancer is defined as "Cancer - of specified severity and does not cover very early cancers: Any malignant tumour positively diagnosed with histological confirmation and characterised as uncontrolled growth of malignant cells and invasion of tissue. The term malignant tumour includes leukaemia, lymphoma and sarcoma." hence as you say, does not cover pre-cancer phase.

But you'll be happy to know that most insurance companies do have a CI coverage that covers the usual suspects from Early - Advance stage. Some of the companies that come to mind and their products are:

AIA: A-Plus Early CriticalCare
Great Eastern: Smart Early Payout CriticalCare
Prudential: Crisis Defender & Early Crisis Protector
Allianz: PrimeCare

They are quite different in their design so do check out their benefits and also the 2 things to keep in mind are the % payout for each stage of CI and also the survival period.

Well, you're asking for my professional opinion so assuming you fit the following profile:

- 30 years old or younger
- Male
- Non-smoker
- Low risk occupation: office worker

For RM250/month you'll be able to get the following
- Life/TPD sum assured: RM100k
- Medical card: R&B250
- RM1.1mil annual limit
- No lifetime limit
- PrimeCare: RM100k

I hope the above information will give you an idea when you do your research for your insurance needs

Remember your insurance needs differ from everybody else so once you've decide which company to go with, sit down with an insurance agent from that company and run through your options.

Best,
Jiansheng

This post has been edited by Holocene: Nov 27 2018, 12:16 PM

Really appreciate your response and the depth of your insight. You're valuable to this thread. Keep it up!

No worries at all, if you have any more questions in regards to life insurance just post them here.

Best,
Jiansheng

how about a recommendation of a CI product? I hold few of AIA policies and CI is the only one I am not covered, and it is not necessary for me to be on AIA for CI too, as long as the coverage is value for money. Any recommendation/comparisons?

Hei sifus. Got some nubz questions.

1. For medical insurance (let's say personal, not company one), if let's say I have some reason to see specialist, do we just walk in n see? Or does it need referral from normal clinic first ? Example if suddenly stomach\abdomen severe pain.

2. What do you think of AIA H-Maximizer?. I think it's a medical insurance (not critical Illness insurance). Premium quite low. Trade off is the huge deductible for hospital admissions. Premium rm500 annual. Each admission ownpay 10k before start claiming remaining bill. 1mill lifetime coverage. 300k annual coverage.

3. What do you think of getting only medical insurance(for big treatment cost), not getting critical Illness lump.sum coverage ?

4. When agent say outpatient claims are pay n claim, does this mean walk in consultations n check up? Or its only the post n pre treatments for hospitalization admission?


Thank you for any answers.

compare with a few insurance company for CI coverage and get a rough idea

1. You can just straight visit for specialist, just bear in mind no hospitalization = no claim

2. you pay for what you get, if you want lesser deductible and no co-insurance then go for A Med Regular.

3. you just offset any cash on hand and depend on your own bank account with no extra cash handout from the insurance company. Trade off is that you got no money to spend for your own daily expenses after your treatment.

4. No, it means you'll need to pay for all the hospitalization bills first for the outpatient then file back the claim to the insurance company.

For item number 4, outpatient bills only can claim if got admitted right? And diagnosed with problem.


Also. Normally, insurance premium will it increase with age until 80years old ? Like maybe when 70.80 years old the premium is 10k per year. While nowat 30s it is 3k per year

For outpatient, you're not required to be admitted, such as minor accident, dialysis or cancer outpatient

depends on your policy, if it's newer, it's payable until age 100.

Also depends on what type of policy you bought in terms of payment term, whether it's a short or long payment term.

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.

Not sure, probably product phasing out or prudential giving a better COI for the benefits. Guess you'll need to continue studying on this

cannot judge without looking at both products' PDS

You can check out the examples that I’ve listed above and check out if they fit what you want.

Best,
Jiansheng

Currently bought a life insurance with monthly Rm100 and coverage 200K.
Is it around market price ?

Depends on your age, health, sex, occupation and also if you're a smoker or not.

Best,
Jiansheng

28 years old. Male, IT and non smoker.

Yea well for RM125 a month you could get RM500k so that's about the market rate. Depends also if you're taking term insurance or investment linked.

Are you experiencing buyer's remorse? How come sign already only checking market rate?

Best,
Jiansheng