Honestly, can't do much once you kena CI one. I can waste the money delaying the inevitable, or I can do something with it.

Better to have 3 good months with family than 3 long depressing years.

My duties at the very least would be to clear my debt so that my future kids won't have to inherit my problems / bad investments and etc.

400-500+ sounds very reasonable in my point of view.

Let me do more research on this matter.

If I don't discharge it, end up also someone would have to pay for it.

My style of investment maybe not ngam for my spouse / kids. That's why I rather clear all the debts on my side and let them deal with the assets the way they see fit. If want sell, then go ahead. Dead already can't be bothered

Haha can use love and affection transfer right after discharge, no need to go through all the troublesome transfer which normally occur after death via will.

Thanks for the response lifebalance. Are you speaking for AIA only or saying that's normal practice for all insurance companies? I wonder why it's so troublesome for Prudential, have to go get a public notary some more.

I'm speaking with experience on AIA process. Should be a norm with other insurance companies unless they have a different protocol which I am unable to comment on.

N/A

This post has been edited by michaelwell: Dec 5 2017, 01:11 AM

That will depend on your histopathology report from ur doctor on the benign brain tumor. If the removal is quite recent then medical insurance is declined.

If the tumor is removed completely without residual then can still apply for death / tpd benefit without medical insurance

so your intention is to have the 1mil upon life/CI coverage. let say if no medical coverage, even with around RM8400 yearly premium, you will need to top up premium 20 years later to get that coverage. perhaps during that period of time when you dont need that amount of coverage, adjustment can be made.

so for your needs, i will say it will be roughly around RM700~RM900 monthly premium range to get that coverage that you want. depends on what type of insurance you get. term can be much cheaper though.

I guess i'll have to be the "bad agent" here to tell you the truth.

If diagnosed and not removed then sorry, no insurer will want to take the risk. Even Life or CI will be decline.

Even after removed, there will be a waiting period of 5 years (the longer the better) before any coverage can be considered.

Sounds harsh, but that is the truth. Sorry.

i want to ask regarding insurance for unborn child.

Does medical rider and junior CI related rider plan commence right after baby is born or there is waiting period before the riders can commence ?

In my knowledge from AIA, the junior CI will start effect while pregnancy where as medical rider will need to wait until you get the birth certificate

for medical rider, does it require any doctor report other than birth cert for the underwriting process ?

if register Lady360 for 4 months, the medical underwriting is waived, so no need any doc

if register without Lady360, medical underwriting is required with supporting doc such as gestation report, gynae report & pregnancy questionnaire form

As mentioned by some of the members here already, it'll depend on whether the tumor was removed. If it was not removed, then the person wouldn't be able to buy a life/medical policy.

If the tumor was removed, then will need to get through the waiting period, and even then, there might be loading or exclusions.

Hope this helps.

Hey guys, I need some advices here..

I have been paying a life insurance since 2009 at 3.5k for a coverage of 100k for death, total permanent disability and 36 types of illnesses.

now the coverage has increased to 120k.

I'm 35 this year. I'm thinking whether it's worthwhile to continue to pay this anymore as I have another separate medical card. in the medical card, there is a separate amount for life etc too. I'm in the midst of checking with my agent.

My friend who bought another medical card insurance later than me, have a coverage of the above as well but way cheaper and with medical benefits.

Thank you for your advice.

It's really hard to comment on this as you'll need to get a proper life planner to review your policy and understand what you would like to achieve with all the facts and figures available in your profile

What other ppl can comment in here is really general

May I know what plan you bought in 2009? Is it a traditional critical illness plan where protection will keep increasing?

It's not uncommon to have newer plans offering better value/coverage, but really to do a proper comparison you'd need to sit down with an agent and do a proper review. Certain things you might want to take into account:
- Your plans might be different. His plan might focus on something different. As you mentioned life cover and his is medical. It's hard to compare just based on this.
- Your age might be different

In the end, my view is to do a proper review, and see if what you have is currently still the best solution in the market, based on your situation etc.

Hope this helps.

Cheers,
Matt

I have been paying a life insurance since 2009 at 3.5k for a coverage of 100k for death, total permanent disability and 36 types of illnesses.

now the coverage has increased to 120k.

This sounds like a traditional critical illness policy. The coverage increases as you age and your premiums should participate in the company's p&l, sharing into its dividend payments (to you) on top of some basic cash value, and some terminal bonuses to be accumulated throughout the years.

Myvi is a compact car, so is suzuki swift, and Mercedes A series. They all serve the same purpose.
However, the price difference is huge! How is it that we still see Mercedes A series around?

They all come with different features and unlike the Myvi, the Merc A commands some attention in different departments (compensating perhaps? )

Your 2009 policy is a Merc A.
The one your friend bought might be a suzuki swift (most probably ILP).

It comes back to the question: what is your financial goals, and what is your objective to buy an insurance policy?
The features in every type of policy differs. It is not the question whether the policy is "good enough" but rather how well the features and benefits of the policy complements your goals and objectives!

You are the captain of your boat. Are the sails catching the wind at the right angles and moving you in the direction that you are going?

Well said... U made a point here

This post has been edited by ganaesan: Jun 16 2017, 12:42 PM

Make - Age 60 ... got socso ..
Do it still need to buy PErsonal accident insurance ?