Dear all,

Thank you!

Hi, anyone from ING company?

My mum told me that she just renewed her medical card policy, but she didn't receive the "actual card" like she used to. What's going on? Is it "normal" or okay? So how she gonna show to hospital for prove that she is covered under ING medical insurance? (touch wood)

please advise on this situation, thanks guys.

You should check with your insurance agent on this, the card should be delivered upon signing of the policy. If it wasn't delivered then you should get it from the agent.

If it's lost then you can always walk in to any AIA branch to ask for a replacement card.

thanks sir.
will do, and advise my family to check with their agent.

What do you mean by renew?
Did she sign up a new policy?
If just general review yearly there is no card as it should be deliver when you first receive the policy.

ING now is under AIA, if you sign up a new AIA policy the card come in a envelope with the hard copy of policy.

In cases like this, it's best to contact the agent and clarify what is going on. If she is having trouble contacting the agent, she can liaise directly with AIA (which now owns ING) for further clarification.

Hope this helps.

Thanks guys, I haven't ask the insurance agent yet. Will do, and update here after she gave me some answer.

Hi Wiind,

Minimum is RM 450/M for your father,if RM 600/m with better coverage
Minimum is RM 300/M for your mom,if RM 400 with better coverage

From : Monica

hi im looking for Life+Medical+Personal Accident+Critical Illness with budget 150-200/month, please pm me

looks like the quotation is not for you. it is for 16 years old child eh? make sure agent provide you the correct quotation based on your profile. u mentioned he did one for you RM150 per month premium right?

Hi I hope this is the right place to post.

I am a licensed private pilot flying small planes as a hobby as a means of irregular transport. I am self employed with own business. Each year I fly maybe 10 hours to 20 hours tops.

I am looking for a Personal Accident insurance to cover accidental death and TPD as a result of private flying. I have asked around and so far no luck.

Can any insurance consultants make a proposal to my insurance requirement. Tq.

Will have a chat with the Underwriting and get back to you soon.

Tq. For info, my license issued since Jan 2015 and hv been renewed annually. Last medical was early this year. All clear.

Safety record 100%.

Ya ...I just got an updated for my age 32.

Death 32150
36 illness and TPD 32150
Sum assured increase every year
When aged 62 it will be
Death 72150
36 illness and TPD 72150

Medical card sum 1mil

150 premium every month.


For return on fund if 6%, fund value will be left 39979 at aged 62. By that time my premium paid in total of 150*12*30=54k...So it's a loss in return for investment perspective .


What you guy say...hmmm



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Noted

Interesting case study, will also check and get back to you on this.

I think you got the wrong understanding of insurance. As well as the guy trying to sell you on the investment return. Insurance is always about protection and not on the cash value return.

If there is a cash return more than your usual investment then that's a bonus already.

For info the insurer need not cover for my non flying time .

It is sufficient if I am covered during flying time, i.e. from engine startup to engine shutdown.

Would be pleased if anyone can quote based on per RM100K basis.

If your price/cover is reasonable and attractive I can introduce to my fellow flying clubmembers, which has 300+ members.

With regards to your question, I've got your answer for you.

Insurance company will always look into your activity, even if you are self employed, but as long as you fly an aeroplane, you're a Pilot category whether it's a hobby or not, it's always on your activity.

Sorry to say that Pilot are not allowed to buy any Personal Accident coverage at all.

There is a cost to insure you hence it's not surprising if you have a lower cash value than the total premium paid. Are you looking for an investment vehicle or a protection vehicle?

Another way to look at it is:
(54,000-39,979)/30/12 = RM39 (rounded up) per month

You see, with my past experience with financial audit and as a controller in a MNC believe me when i say numbers can be interpreted in all sorts of way.

Personally, the cash value in your ILP is meant to offset the increasing COI you'll face as you age. Don't get caught up on the "return" an insurance plan provides you.

On top of that, in regards to your plan check and see if your CI is accelerated. Your medical card limit of RM1million is likely a life time limit. Check and see what's your annual limit. R&B days are per policy year or per disability?

Best,
Jiansheng

Thank you for your feedback. I beg to differ in your statement that people engaged in private flying cannot buy PA at all.

A standard PA is available to anyone of pretty much any working class. Just that the coverage will have the exclusion clause of private flying, among other things.

Appreciate if you can familiarise yourself on exclusion clauses.

Thank you.