oh i must have missed it

aia's one increase is effective january this year? or also april?

Hi, i am currently reviewing my policy...my policy details as follows;

Medical card - Annual Limit: 100k, Lifetime Limit: No
Critical Illness - Coverage: 100k
Critical Illness cum PA - Coverage: 30k

Monthly Premium: RM300

Is there any possibilities to have better coverage with the same amount of premium with latest policy offer?
Kindly PM your proposal to me, thanks.

Instead of getting a new proposal from strangers here, perhaps a better route for you to take is to revisit with your existing agent and explore an option to top up or to upgrade on your existing policy.

What do you think?

AIA's medical repricing is effective January 2017.
The affected portfolio are: Standalone medical policies sold and bought before 2013.

If you are among our affected policy holders, kindly contact your respective agent and ask them about two things:
1) a guaranteed issue offer (GIO)
2) medical repricing revised amount.

ILP portfolio are not affected.
Standalone medical policies sold and bought between 2013 till now are not affected.

Hi guys,

I am developing a mobile app specifically targeted to insurance agent & user (those who search for insurance).

The plan is to create a platform for user to get information about insurance and search for reliable insurance agent nearby them and according to their preference. As for the agents, they can make their information & location public so that it is easy for user to contact them and book an appointment.








Right now it is in beta stage and I had develop 2 version : for iphone & ipad.

If anyone would like to test the beta version, you can pm me your email & inform me which device you would like to test (ipad/iphone).

Thank you!

Best to get an agent to do a proper review for you if your agent is no longer active/in the business.

You can check out this site.

http://www.flanner2u.com/

Yes, basically similar but mobile experience & we have some additional features..

AIG insurance is a reliable brand in Malaysia ? They are offering injury guard policy where the policyholder can choose to include the coverage for their parents in the plan. The plans are for those who aged between 18 and 75 years old and cover can be extended to the age of 85. Here is the price plan : https://www.aig.my/campaigns/injuryguard/price-plan

However, there is some contradiction of the information between AIG official website and Ringgit Plus (https://ringgitplus.com/en/personal-accident-insurance/AIG-Injury-Guard.html)

In Ringgit Plus, the author highlighted that accidental death is not covered which is totally different as disclosed in the product brochure. (https://www.aig.my/content/dam/aig/apac/malaysia/documents/microsites/brochure-ig-oct16-eng.pdf)

What is your opinion on this type of insurance product ? Will you go for it ?

This post has been edited by FDInvestor: Mar 6 2017, 05:30 PM

It's basically a personal accident plan, best to follow the disclosure from AIG as Ringgit Plus is not representing AIG and information could be misleading if there is any typo, error.

Whether a plan is suitable or not will depend on how your current protection plan looks like.

When you notice contradictions, it's best to clarify. As always, it's the insurance company that will have the final say, so best to check with them for actual clarification. I'd trust the official website of the company more, though.

Hope this helps.

When in doubt, always refer to the official company website/brochure. If that doesn't help you can always get in touch with their agent/staff.

The particular product you've shared is a Personal Accident product, so to speak.

If you currently do not have any Personal Accident then perhaps it might suit your needs. With that said, always get in touch with a reputable agent to assist you in planning for your protection needs before committing to one.

Best,
Jiansheng

Hi all, I want to know what's the "meaning" of Conventional Critical illnesses plan, due to:

1) can only covered or payout compensation for "very critical stage" of illnesses such as cancer at stage 3.

2) for early stage illnesses (like cancer stage 1/2) the insurance holder still need to pay the premium until like forever?

3) as I know, 3rd stage of cancer is very gg already... what's the meaning of such coverage that can only be activated at very critical conditions?? Insurance holder still need to fork out money to pay the premium even though the buyer had already sick but without any insurance compensation at all???

Pros side:

1) surrender value ada in the future.
2) both of premium and surrender value is increasing according to longer time the holder still pay the insurance. But of course, the value cannot exceed simple investment products because CI is offering protection.

Contrast side:
1) surrender value? For what? The premium holder gonna surrender it during he/she is very old which means grater possibility of "get sick/die"???

2) CI offering protection?? With 0 compensation at early stage of illnesses=protection?? It sounds like PI that "only bayar" when insurance holder died or "dying aka nearly died"...

Lastly I just want to seek for opinion what's the meaning/point to keep such conventional CI plan? Everyone telling me this CI plan is best because insurance company do not selling such/similar plan anymore.

But I dislike the "3rd stage cancer" part so much... what's the meaning if insurance holder sick but "not too sick yet" and he/she still gonna pay the insurance premium until like forever?

This sounds kinda absurd in my shallow opinion, please enlightens me. Thanks and good night.

Hi heavensea,

Without looking at your policy in detail, I'd assume that the conventional critical illness plan you've mentioned are those older plans whereby they have a higher bonus/interest year on year on your cash value as compared to any of the investment linked plan today. Hence you hear people telling you that this the best plan.

However, you've got to ask yourself if the cash value/saving is the most important thing for your consideration when it comes to life insurance protection.

1 thing you should check out within your policy is also the survival period.

If you currently do not have a CI protection that covers early stage, you should get in touch with your agent to find out more.

And to address your last statement "... he/she still gonna pay the insurance premium until like forever?" Yes/No as per the term stated in your policy.

Best,
Jiansheng

P/s: off to sabah to meet my clients hence I'm awake now. On my way to airport. Haha

Thanks jiansheng, for your informative feedbacks.

- Yes it is the older plan that you mentioned.
- The insurance gonna pay until 85 years old.
- This plan isn't cover early stage at all, which means I've to pay it unless I'm diagnosed with stated "very critical illnesses"..
- I do not set my priority in such long term CI plan, because of it's unreasonable for an aging person to surrender it during he/she is very old (6x-7x years old), so the surrender value is a double edge sword which is useless imho.
- Early stage illnesses compensation is one of the "most useful" protection in CI plan, no?

About the survival period, my CI comes with "death benifits".
The survival period is 30 days, is it too long? (Many plans are 14 days)

Good luck with your meeting with clientele, flight well

This post has been edited by heavensea: Mar 7 2017, 04:44 AM

Early stage cover is indeed an attractive prospect since the road to recovery is always easier on the earlier stages of any sickness. This income replacement does alleviate the policy holder from day to day financial obligations.

Interesting, if so you should also check if your plan is an "accelerated" one.

To my knowledge, most late stage claims have a 30 day survival period. Early stage, Allianz is 7 days. However I haven't seen any 14 days survival period. Perhaps you can enlighten me on this.

Best,
Jiansheng

Hi, I got question regarding travel insurance. If, I being hospitalized during my journey what should I do?

If, the bill is small the easiest should be I pay first and claim it back when I arrived in Malaysia?

What should I do If the bill is too expensive which I cannot afford? The insurance will made the payment before discharge?

Thanks

It is best to refer to the policy document on the actual wording of the 36 Critical Illness as since 2005/6 (IIRC) the 36 CI list has been standardized. Older policies which has not been upgraded are not subject to the standardization, therefore a claim for CI in insurance company A may get approved, while it gets rejected (due to different wording) in company B.

But in general, yes, the meaning of CRITICAL Illness is sometimes referred to "point of no return" (very slim chance of recovery).

Let's put the plans aside and concentrate on what YOUR NEED, NOT WANT.


The general public buys the 36 Critical Illness because they fear if they suffers any of the 36 CI, for example Stroke or Cancer AND UNABLE TO WORK. When a person income stops, the bills wont. For example, which company is able to employ a person who does kidney dialysis 3 times a week from 11am~4pm or a person who is bedridden due to Stroke? This is where they see the need of the replacement of income.

In terms of insurance payout, the 36 CI is able to pay as a lump sum or as an annual income until age 70 (we call it Crisis Cover Income) and waives the policy premium (if payor or waiver is attached).

Now if the cancer is an early stage cancer, the chances of recovery is good, and probably one will be back to work after 2 or 3 months later. If you want to spend money to get protected for early stage, it is up to you.

1/2. If one managed to lived that long, then congratulations are in order, but that should not be the priority when buying insurance. It is about giving you money when you need it the most especially during a human emergency. When you buy insurance it is for protection, not investment. If at the end of the tenure and you get some money, consider it as a bonus. The premiums paid is as an expense, not income/investment.

2. As mentioned, if you are worried of early CI, then buy plans with early CI. My advice is concentrate on the prolonged illness which STOPS us from working.

The policy document does not mentioned about cancer being "3rd stage", as long as these keywords are in the medical report ""malignant, invasive, destructive to the normal cells"" and not carcinoma in-situ cases, a file for cancer can be done.

Another important point is that the patient must survive for 30 days

If he is "not too sick yet" to be considered as an insurance payout in the 36 Critical Illness, even if he has bought an Early Critical Illness, his insurance premiums will still needs to be paid, so I don't see your point here.

This post has been edited by roystevenung: Mar 7 2017, 11:23 AM

From what I can extract, your CI plan:
1) is a traditional participating policy
2) covers life and critical illness
3) increasing sum assured up to a certain age (60 and so on)

Lastly I just want to seek for opinion what's the meaning/point to keep such conventional CI plan? Everyone telling me this CI plan is best because insurance company do not selling such/similar plan anymore.
Not true. Such a product is still available.
The only difference is very few agents are still selling traditional life products, frankly because it is difficult to understand, and it isn't as transparent as ILP due to the fact that participating policies participate in the P&L of the company.

However, if you're around 30-40 years of age, young family, you might want to consider such a plan.
1) the sum assured for life and CI increases along with your age (up to 200% of your sum assured).
2) the long term savings in your policy takes on a lesser risk compared to ILP
3) dividends declared are guaranteed to you
4) GST zero-rated so you don't pay any GST on your CI benefit charges.

But I dislike the "3rd stage cancer" part so much... what's the meaning if insurance holder sick but "not too sick yet" and he/she still gonna pay the insurance premium until like forever?
The purpose of buying insurance is usually a result of wanting to plan for our finances and that of our family.
It requires a certain responsible character to take up the policy and afford its upkeep.
So since you have already decided to put certain plans in place, why not pick up the early critical illness coverage as well when you have this concern?
Either you keep the few thousand ringgit in your bank account, and you're bound to spend it; or you put it into the coverage that your family finances requires of you. It's your money anyhow.

This post has been edited by JIUHWEI: Mar 7 2017, 11:47 AM

Is there any insurer in Malaysia that provides insurance for income protection? One example that I saw is Pay Assure from GE Singapore