Hi sifu sekalian,
I have a life insurance from GE since I was 1 years old with annual premium of RM 1.1k and sum assured only rm100k. I am currently 24 years old. Is this plan still good for me? Any recommendations of better plan out there?

Hi, I understand that, I just want to tackle the part on charges for medical card , for the case of Prudential quotation, total premium (monthly) is RM460, this is made up of basic account ILP (rm16.68) and CI (rm13.00) ; protection account PVM (rm367.94) and waiver (rm62.38). So, I just want to compare only the RM367.94 part (which total to RM4415.28 yearly as opposed to GE with only RM910.82 yearly).

PVM or SmartMedic + SM Extender, this should be the comparison part that I'm interested in, while each product comes with its own COI, I'm more keen to understand what makes the vast amount of differences which is 4.8 times higher for PVM. Assuming these medical card as car for analogy comparison, then I need an answer why Perodua cost only 60K while a BMW cost 288K, each still a car but bearing different price tag, so what exactly more superior of BMW vs Perodua to worth the additional 4.8 times higher price tag to facilitate consumer like me to decide which is better car to take up.

I'm getting long-winded , sorry about that.

As informed, PVM COI (attached) only for 1mil med points while the one compared is with 1.5mil med points. Quotation doesn't comes with full listing of all COI, so, really doesn't know where to get it.

Hai everyone. I need some opinions from all sifus on my current situation that im facing right now.
Before that im 30 yrs old and still single and currently im having two insurance policy from AIA which is:
1) WHOLE LIFE PLUS NONPAR = 100K (issued jun 2012)
2) A-LIFE LINK-i = 161k (issued jan 2016)

Both insurance i paid for rm161.2 and rm267 each which is to me quite an amount.

Yesterday, my old old friend which is an insurance agent with ABC company came to me and ask me to bring my policy book. So keep the story short he wants to offer me a new insurance policy which is better than what im getting right now. Plus the amount i'll be paying lesser. He ask me to surrender the policy that im having right now which to me is not a good idea.

Any advice sifus/gurus?

Ouch, this is going to be a very expensive premium without an investment linked.
Hopefully it is, otherwise I will have to cancel it.

Yes, our digital marketing team will take appropriate action once an official notice is made. At times they even monitor social media and email directly to the agent/agency if found to be in violation with the rules of social media.

I was also cautioned a few weeks ago for using the Prudential logo in one of my FB page.

a non agent here.. hmm im a muslim.. yes, you are advised to go for takaful as it is in comply with the muslim guidelines.. however im using a conventional insurance (no plans to change).. and my wife using takafull.. to be honest.. aside from the investment returns (cuz ive been using insurans only for 5-6 years).. when i looked into coverage when comparing my wife prubsn takaful and others such as aia, allianz and prudential.. the conventional offer slightly or somewhat better coverage.. i can be wrong.. dont bash me

for example, my wife's new prubsn RM270 coverage is 400k per year with added 400k if get cancer, kidney failure or heart attack.. death 25k, no c.i.. compared to other conventional insurance, with rm270 premium, they'd roughly get around 1 mill annual limit with no lifetime limit more or less), with some even add 100k c.i and death.. so it differes a lot in terms of value

reliablity and ease of claim however is a whole another devil.. my wife just started and never claimed before.. me, i used prudential old policy, claim has always been  a breeze.. for other insurance however i really do suggest u to stalk their official malaysian FB pages and read the customer's comments. then u will get a good idea .. However do take those comments with a grain of salt.. cuz many times its the fault of the customers who did not understand their policy in d first place

I sincerely hope the above statement is just for trolling!

Your EPF contributions and conventional banking was also non Syariah compliant for years!

Hi mktan78,

Just curious, which medical insurance have you bought? I am having the old Prudential PruHealth Med insurance, I am comparing getting an upgrade to PruValue Med or getting standalone medical card.

The Great Eastern medical plans look cheaper than Prudential, but there are so many plans to choose 
https://www.greateasternlife.com/my/en/pers...alth-protection

Thanks!

Age = 32
Non-samoke.
Occupation: System engineer
budget : RM250-300. (Less than 300 better)
Main Is need medical insurance plan coverage ( life and TPD can set to minimum)

My spouse and I are contemplating on whether or not we should purchase medical insurance for our 2.5 year old at this point in time.

Currently, our child is covered by our employer's insurance as part of our staff benefit. So, in any case there is a need for hospitalization, it will be fully covered. For spouse's employer, there is an annual limit, for my employer, there is no limit.

My spouse and I have different views on the objective of getting medical insurance

i) My view
- In case something happens to either myself / my spouse or both of us, the appointed guardian for our child will not have to worry about the medical expenses if the need arises as a medical insurance is already in place.

2) Spouse's concern
- To lock down the premium price while he is still young and healthy. This is with the belief that the premium will increase with age.

- As a form of investment for the child's future

Questions
1) Should we purchase now or wait until our child is >5 years old as was informed that the premium for children below 5 is higher due to the higher risk?

2) Our child is only 2.5 years old now. If lockdown now, probably 10-20 years down the road, the situation is going to be very different and what are the chances that the existing plan would be able to meet the needs in the future?

Figuring out how to strike a balance for our expenses mainly because of limited budget and don't want to over-insure (as currently fully covered by employer so won't be using personal insurance as long as we're alive and working)

How much would an insurance agent get for each successful inception of ILP-insurance?

Hi Guys,

my sister receive a post mail from Allianz Insurance
say that Notification of Amendment Enhanced medicover hospitalisation and surgical insurance (unit cancellation supplementary contract)

her medical card plan is 150.

Current plan
Overall lifetime limit : 850,000
Total Half yearly premium : 1,020.00
Total Annual COI : 498.20

New plan
Overall lifetime limit : 1,050,000
Total Half yearly premium : 1,164.00 (Recommended)
Total Annual COI : 747.30

Question : If sister wanna remain the old plan. Is it possible with old premium price

Or she have to downgrade her plan ?

the mail got mention "We Strongly recommend that you revise your premium to the suggested new total half yearly premium to ensure your policy is sustainable"
is that mean we got option to stay on the old plan ?

** understand now medical fee is expensive, but she have budget issue.
Thanks.

Thanks bro

Btw I'm joining HLA

Any advice and tips for newbie? Can PM if not suitable for public

Thank you

for convenience wise like what u mentioned in 2 (no need to think about making payment every month), yes you can make single payment even though it is scheduled monthly. but in this case, the cash value will be the same as monthly payment because whatever advance payment is being allocated to a suspended account (meaning when due date reached then only company will allocate that month's premium).

if you will like to make single payment for entire year, better change to "yearly" mode. so whatever payment you made for the entire year, company will deduct all insurance charges first and the balance will go into the "savings/investment" portion. meaning company have upfront more of your premium's balance to be allocated to that portion. thats it.

my AIA agent told me that this Investment-Linked Insurance plan is very good and only some people are offered to purchase. This Plan will also be withdraw at 1st April 2018. Is the plan really good?

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