If it's a landed property then it will normally insure about 80% of the market value because the other 20% is the value of the land

When fire burn a building, the land don't get burned along. Thus explains your lower sum assured. How we if you feel the amount is under insured compared to the real market value then you can purchase extra on your own

i see, so the extra one, can be any insurance company i guess..

I see. Yeah, you have to buy them directly with the insurance company. I guess that's one reason why it's cheaper.

Yep, I'm fully aware of that. I only want to be insured until I'm 55 years old. So far I checked, term life takaful is still cheaper than whole life takaful when considering the premium until 55 years old. Most companies usually provide the schedule of contribution so you can roughly see what you will be paying for in the future.

Anyway, thanks for the feedback! I'll probably go for AIA since I already have AIA medical insurance.

My wife is currently 6 months pregnant. I'm looking to get an insurance that covers medical expenses arising from any complications during delivery and then can continue on as an insurance for my child when he is born. Is there any such package on the market?

Yes there is.

You can look onto A Life Joy and AIA Lady 360

3) A-Life Lady360
https://www.aia.com.my/en/our-products/crit...fe-lady360.html

A-Life Lady360
a. Traditional standalone policy with guarantee return upon maturity
b. Offers:
1. Basic Benefit
2. Female Illness Benefit
3. Female Care Benefit
4. Female Pregnancy Benefit
5. Cash Reward Benefit
6. Gift of Joy
7. Maturity Benefit

For full info, please refer to the brochure link above or meet an AIA life planner for explanation.

You may refer to the youtube videos below for easy explanation

yes that's possible. i have a friend that only do cold market and is successful now.

AIA & Prudential have it.

It is valued at the cost to rebuild your house.
How much does it cost to rebuild your house?

There is a calculation for that, depending on the materials to rebuild your house.

HLA have this as well. We covers for pregnancy benefits and here's the info for your further info.
Kindly refer to the link for more info ya.https://www.hla.com.my/CMS/Product-Services/Insurance-Solutions/Insurance-Solutions-Details.aspx?Product=738&Sub=951
This is a add on rider from LadyShield and once baby is born, medical card could be added along.

Hope this helps.

Hi all,

i currently have a life policy that my parents bought when i was a kid.

its a traditional life policy, recently i was thinking whether i should maintain this policy.
It is a life policy without any medical coverage.
Currently i am holding several other medical policies too, AND another life policy with a different company.

so i was thinking, is it necessary to hold two life policies?

I pay around RM1k++ of premium per year for it, the payout is around RM100K upon death.

If i surrender this policy, i get around RM53K+ inclusive of the bonus etc etc. I was thinking of using this money to purchase better yield investments.

You are allowed to hold multiple life policies from varies insurance company because all these coverage will compiled into the total amount upon death, disability or 36 Critical Illness.

The main purpose of insurance is for protection.

Firstly you might want to get a review on all the various policies that you are holding right now to see if you are sufficiently covered. Otherwise if you don't do so, cancelling this insurance might reduce your coverage that you might have needed.

Doesn't matter on how many policies you have.
Use you saving+EPF+investment to tackle emergency.
Not enough? Short of how much? Can insurance assist me on the different?

If a policy cost 2k a year, continue paying for 30 years takes you 60k, not something to take lightly.

AIA A‑Life Med Regular family protection can cover kids till they are what age? when they have to convert to new adult policy, will they get exclusion for illnesses that they have claimed when they are kids under the family plan?

This post has been edited by GunMetalX: Aug 26 2017, 05:36 PM

23 years old (unmarried and is still on full time higher education)

No exclusion

This post has been edited by lifebalance: Aug 26 2017, 05:49 PM

Even cancer no exclusion? Sure? Ok where do I sign up my friend's son who has leukemia?

This is for existing policy holder who are under the family plan doing the conversion. You should understand what was being asked before replying sarcastically though

Yes they have the AIA family plan and the son had leukemia. Understood the question perfectly. You want the case?

Sure, you may ping me the contact

Is it written in the policy contract that it is able to be converted once the child is 23 yo, irrespective of the medical condition?

Will PM you the contact when they are settled as the child is still undergoing blood transfusion at KL. The child is now 21 yo.

They did inquire of the conversion with their agent, an AIA Agency Manager (30 years in this business) and he says no. That is why if you say it is able to convert, I will want to pass them to you if you can show that it is written in the contract.

The family has so far spend ~RM300K, mostly from own savings, sold the grandma house.

Of course it is understood that the child is not able to take up a new policy before he hits 23 yo due to preexisting illness.

21 yo still covered under family plan right? Why have to sell house?

That's as far as what I get to know from AIA with regards on the conversion after age 23. Though it's not specifically written within the contract. Sure will hear from you soon.