AIA sent out last november. I received it...

anyway, it's normal since to be fair, medical expenses has increased, claims have increased hence your premium has to increased. it was in the news (from social networking) that a few of them are doing it. allianz, aia, ge. i am sure there are others that was not shared or i missed out from the news.

if you sit down and calculate the cost, investment-linked is still a good option (easier to change Sum Assured, though other non-IL products still do-able but with t&c)

don't rule it out, but ensure you have all the options available from your agent. (ie. remember to ask your agent quote you a term life insurance, usually they don't sell this kind of product, so request specifically)

You might not want to just focus on the cheapest. Anyway, not that many company has made their travel insurance easily bought from their website. I have bought from tune protect (not the air asia version, bought separately) and etiqa. So far buying experience is good.

Focus on the benefits that really matter when you choose. Some benefits may not be your focus.

Axa, aig, are also available to be bought online. Forgot which other company I surveyed online.

Er. I agree with the other guy, just call up to ask every insurance company if you have policy with them.

If blue, can eliminate prudential, great eastern and aia, which i believe has always been red. You just need to hentam and call few more companies to check. I dont think need to actually hire someone to do it. Lol. Only 11 more life insurance companies to check.

1) may consider to increase existing coverage with GE before jumping into a new one.

2) as the previous person mentioned, most (i dare not say all) medical card out there will have a benefit that covers Out-Patient Cancer Treatment. Not heard of any limitation by duration specifically for cancer treatment. it usually follows the expiry of the medical itself. Of course, there will be t&c such as not covering existing illness, etc, but that applies to the medical card in general anyway.

Some companies have a separate limit for cancer treatment, some will allow you to claim but subject to the limit of the medical card itself. Some may even cover the consultation cost, test and also medications.

Fixed deposit. I'm not kidding. Agents here might disagree but going for savings product, short term, usually not that great.

I am assuming 15-20 years.

I might, sound like a broken record and against majority in this thread, but why not consider actual investment instead of insurance?

Back to your original question, there are plans that fulfill what you expect.

Example pay for x years, maybe get money after y years for z years.

x <= y. z depending on the design by the insurance company. The issue is insurance companies can only give better guaranteed return if the policy is longer term. 25 and above or something.

Then what if i tell you, over 20 years, depending again on what the insurance company can offer, the guaranteed return is probably 2-3%, total return which is not guaranteed is about 5-6%, are you still interested but you will definitely enjoy insurance coverage (but on the life of the child).

Hmm... actually it varies depending on what you have bought.

The more 'traditional' and 'older' ones just pay the amount when kena 1 CI. Once the amount has been paid in full, the coverage cease.

The more 'canggih' ones may pay more than once. Example: Got Disease A, get xx%. Later get Disease B, get yy%. Then coverage cease.

Hope this clarifies.

Hmm, can you share the name of the plan?

actually, following bank negara guideline strictly, if it's yearly renewable standalone policy, insurer supposed to charge 15% per year.

anyway, i would highlight is, commission is governed by bank negara. So don't worry.

For critical illness, my pov la, since i have been through 2 relatives who kena but they both didn't buy.

At this point in time, i feel 1 million is alot la. Hospitalisation aside, the cost comes from the long term nursing care instead. Also example, if say cancer chemo, actually all these would be covered under medical card. If someone kena stroke, cost of hosp is not as high compared to soneone doing chemo, but long term care is more demanding, etc. Just stating a few of my personal experience. (Lung cancer and stroke)

To answer your question, 1mil for critical illness is not normal, probably cause it's too expensive and ppl may not afford it. Early critical illness cover while more expensive actually covers diseases you can claim. The normal critical illness cover, is like the person already one feet in the casket, then only can claim. I am not qualified to provide recommendation on amount but try to maybe get quotes from agents, compare the cost if you lower down the ci amount. Unsure of your budget and affordability, i think you won't really buy the policy once you know how mch 1mil ci cover costs.

Also, instead of thinking buying 1mil sum assured, try to reverse and calculate, example, how much will hospital treatment cost? Helpers? Nursing? Physio? 5k a month, is it enough for rehab?

Haha. interesting point of view. if that's the case, then it makes sense. Just FYI. there are 2 types of CI cover that MAY be available, subject to the company, but things aren't always as flexible as you want them to be.

You can opt for accelerating CI cover. Example: Death/TPD: 2mil, CI 500k. In this case, if kena CI, get 500. Then die, then get the balance which is 2mil - 500k. 1.5mil.

Or you pay a bit more you will get the additional amount. Ie, CI get 500k, Death/TPD get 2mil. Note, obviously the one above is cheaper la. depends on what you want.

Add-on: I played around, assuming 30 y/o non-smoker, RM400-500 per month do-able for investment-linked policy (1mil death, 1mil CI and considering my company is charges are not cheap) but 20-30 years down the road, the policy may not have enough money to cover the cost. but by then, i think your debts would be lower, and well, things will change then, mana tahu.

Give you one analogy.
(1) it’s like going to a market buying one apple from Stall A, and one apple from Stall B.
(2) going to the market to buy 2 apples from Stall B

(1) Stall A charges you RM1 for 1 small apple and Stall B charges you RM1.50 for fuji apple.
(2) Stall B charges you RM2.20 for 1 small apple and 1 fuji apple. And because you bought 2 apples from Stall B, Stall B chose the best looking fuji apple in his stall (this did not happen in (1))

You can apply this analogy to insurance company. Stall A and B could be different insurance companies OR same insurance companies, but you bought them separately.

(1) The general trend is if they offer you standalone medical, the benefits are usually the same but the same thing will cost you more OR but the limits will be slightly lower, for the same price.

(2) Because of how bank negara imposes some rules and also obviously insurance companies are driven by profitability, they want to drive their ILP business. Hence they will develop the medical cards with better limits and then sell by making you attached to the investment-linked products.

This explanation too many ifs and buts and may lead others into misunderstanding. there will never be properly planned when the numbers customers see is always projection.

6) i notice will receive renewal notice sent to the house prior to the expiry and premium will be stated.

While i am no expert in fire insurance, but i do read my contract



When there is a fire, if it does burn down my house, let's say my house is worth 500,000 as per valuer (landed, double storey too), it won't take 500,000 to rebuild the house. Based on my limited experience with my house and property in general, the value of the house also includes location and land.

if you buy 100% of valuation amount, i don't get 100% right?

As for renewal it really depends whether to increase sum assured, cannot assume every year sum assured increase with no reason?

A good friend pointed me in the right direction at least to have an idea... Before i consult proper expert
http://www.piam.org.my/consumer/industry/b...calculator-bcc/

Short answer, yes, quite normal got increase in medical premium. Other insurance or takaful companies do that too.

if you want to buy something without agent, you can. Mostly are just term product

you can go to aia, manulife, prudential, hla website...

Examples that you can google
hlatouch.my
manulife now

Question 1: why you dont use actual company name? I'm really curious although i know you think it has nothing to do with your question

Question 2: would it be easier for you to make the decision if you gave the other agent the other quote? The comparison is probably harder for you because all the variables are different.. one pays 250, one pays 300, etc... Without going into detail of course the great eastern version sounds better, but you pay extra rm50 la, but it's also unfair to just comment like this. Back to Q1, there is no reason to hide company name.

Question 3: are you hesitating because you worry the rm1.32 annual limit is not true? Well truth is, it is real and legally binding.

Question 4: can you share more info like your budget, financial needs? This will definitely make it easier for others to help

1) fair point. There is another reason for knowing which company. It's easier to dissect the pros and cons. I try to be unbias. Haha

3) honestly... you ask me annual limit 1mil, is it a gimmick? yes. You pay let's say 5% more for that additiomal 1mil annual limit, is it something you will likely to use? No... then why they exist? Cause apparently consumer like 1million annual limit.

But to be fair, GE 1.32 annual limit really no caveat la. I mean, as in if touchwood it happens, they will pay, provided it's genuine claim la.

But to be fair to zurich, actually they have product with high annual limit too. But your uncle gave you probably a different plan... which maybe cause cheaper lo. I dunno, i'm not your uncle.

4) dont share income ah, later agents pm you. But actually purpose of me asking is because if example i say 300 good but your budget 200, then i gave wrong advice. Also depends like you prioritise medical or critical illness? Because you are employed... etc. Other factors la. You look like breadwinner, i think need higher coverage in case touchwood something happen to you. 100k life, macam no enough. Point is, i am guessing but i think medical not priority because your employer will cover, right? Anyway my guesswork can be wrong, point is... both companies can offer you the variety of options that you need. I know they both have. Hopefully both agents able to tailor made for you.

I know both la. My point is while i'm not ge staff or agent, not fair to say gimmick only la. But whether it is something you will use, it's a separate matter. Maybe use car as comparison. This is not saying ge or zurich not good.

You are interested in honda city, highest spec... 90k... (i dunno actual price, forgive my ignorance)

At the same time your wife likes toyota vios, 2nd highest spec, because she feels like the 2nd highest spec is good enough, 86k.

So in this manner it's abit like that lo. If you need just a car, the lowest spec will be enough but ppl feel having 6 airbags is useful... although i seriously doubt it. Then different car company have slightly different colour available but they offer similar things a car you can drive. You can compare the 2 insurance quote that way.

The ge version, there is actually 1 + 1 coverage.
1st card 120k per year
2nd card 1.2 million per year

You must use 1st card before using 2nd card. You can view the 1st card as a base (your lowest spec city or vios) and 2nd card as an add on (your higher spec city or vios).

While i still dont think what ge has is necessary, but i also dont want to say ge suck. They dont, it is just like your higher spec and lower spec car. It's a car that i need, that's what matter to me. But may not apply to you. Most ppl buy higher spec, because... ? I dunno, dont understand or plain want to show off? But insurance no need show off right?

Having say that i dont bear responsibility if one day you think maybe should have bought the highest spec city. Point is maybe buy highest spec? Can also buy the highest spec from zurich.

Ps: price difference i dunno. Maybe honda city highest spec is more exp than vios highest spec, but honda city sold by your uncle or maybe vios sold by your uncle... so vios or city?

As reference, my own medical, 120k annual limit. I'm ok for now.

This post has been edited by adele123: Oct 13 2018, 05:49 PM

The coverage term and what cash payment you get back every year does not affect the commission received. Affected by how many years you pay premium.

As for how much insurance companies pay, it is actually governed by bank negara in terms of maximum over 6 years. So you ask company a or company b, it's all same same.

I dont see how survey agent's commission has any purpose for you

This post has been edited by adele123: Nov 14 2018, 12:33 PM