Checking in! Quite some time didnt come in to lyn insurance thread.
Insurance Talk V4!, Anything and everything about Insurance
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 Mar 15 2017, 05:24 PM
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#1
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Senior Member
2,866 posts Joined: Sep 2008 From: Wangsa Maju, KL   
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Apr 6 2017, 12:43 AM
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#2
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Senior Member
2,866 posts Joined: Sep 2008 From: Wangsa Maju, KL
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QUOTE(Avangelice @ Apr 4 2017, 12:18 PM) [attachmentid=8685369] yea man, so deceiving. people who are good in finance will be able to identify but most people won't go into the details.I am seeing this all over my social media and I can't help to share it here. it would be advisable for insurance companies or agents not to deceive people by using calculations like this. it's comparing apples to oranges of course the PRU cash looks better. not trying to flame people's rice bowl here but come on be honest in your dealings. this is something I cannot stand for.  QUOTE(lifebalance @ Apr 4 2017, 12:42 PM)  feel free to file a complaint to BNM & Prudential as the above is liable to penalty for not giving proper full sales illustration and attempt to deceive.Not to mention the illustration is wrong for the bank for not showing the compounded interest. Which is already incorrect & deceiving. The correct amount for the bank side should be RM147,008.035 @ 3% interest per annum basis. 3% for using the same assumption of this illustration and may not reflect the current FD rate of 1 year placement.  that shud be the correct calculation. Avangelice regarding on the post, did anyone comment on it? |
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Apr 6 2017, 12:49 AM
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#3
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Senior Member
2,866 posts Joined: Sep 2008 From: Wangsa Maju, KL
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QUOTE(Avangelice @ Apr 6 2017, 12:46 AM) Yeap. almost all the person's colleagues request to share it on their on fb page and I can see it going viral amongst the Prudential agents. can't comment on it as the agent is my friend's wife. don't wanna be that guy. i think it will be ok if they only show what they can offer. not compare and yet wrong comparison some more. it is not logical even though u glance through the amount that normal 3% FD rate can give. |
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Apr 6 2017, 10:14 PM
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#4
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Senior Member
2,866 posts Joined: Sep 2008 From: Wangsa Maju, KL
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QUOTE(hustlerism @ Apr 6 2017, 08:01 PM) ILP vs traditional. Which one better? there is no a definite answer on which is better. most importantly does the plan helps and benefits you and whether it fulfil your needs and solve your concerns. then it goes down to the comfortable budget you can commit. Please enlighten me sifus. |
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Apr 10 2017, 11:08 AM
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#5
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Senior Member
2,866 posts Joined: Sep 2008 From: Wangsa Maju, KL
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QUOTE(liette` @ Apr 9 2017, 10:22 PM) hi all, I'm looking to purchase an insurance policy and was debating whether to get an ILP or a stand-alone non-participating insurance (and use the sum difference from ILP premium to invest myself as the charges are lower and also for the fact that I'm confident in getting higher returns). Lets go back to the basics. What is your main concern on getting the insurance policy?however, based on my research, it appears that for the same coverage, the stand-alone non-participating insurance premiums are on par with the ILP premiums. for ease of illustration, let's assume my budget is RM250 and both the standalone and ILP premiums are also RM250. therefore, it doesn't seem wise to go with a stand-alone non-participating insurance. is the above true across the industry? (i've not looked at each and every single insurance company out there but for those that i've checked with, it appears to be the case) |
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Apr 10 2017, 12:42 PM
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#6
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Senior Member
2,866 posts Joined: Sep 2008 From: Wangsa Maju, KL
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QUOTE(liette` @ Apr 10 2017, 12:25 PM) protection only. and i know the logic is that for protection only, i should go for a non-investment linked plan In this case perhaps u can look at those very budget plan that comes with protection only. Perhaps those "term" plans? Most importantly you get the protection you want, and if you are comfortable with your budget, as long as that plan can give you the peace of mind, you cna go ahead with it.Non-investment linked plan has too many selections and is too wide. There is no best plan but definitely have plans that can fulfil your needs.  |
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Apr 14 2017, 03:21 PM
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#7
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Senior Member
2,866 posts Joined: Sep 2008 From: Wangsa Maju, KL
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QUOTE(philipkyw @ Apr 14 2017, 07:35 AM) Hi All, This post has been edited by ckdenion: Apr 14 2017, 03:22 PMI'm looking for medical insurance for 2 person. Below the summary info: A: Male, married, no kids non-smoker, 34 yrs old Electronic engineer (IT industry, work in office) Annual income ~80K Holds a medical card from AIA, but looking for top up on medical coverage. Checked with AIA, my AIA plan is very old policy, and couldn't increase the coverage B: Female, married, no kids non-smoker, 35 yrs old Electronic engineer (IT industry, work in office) Annual income ~75k Holds a medical card from GE, but looking for top up on medical coverage Any medical insurance allow to claim Chemotherapy if not admitted? For how many terms? At the moment as much as i know, Prudential, AIA and Great Eastern can. Not sure about others. Hope to get some recommendation. Thanks |
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Apr 16 2017, 11:44 PM
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#8
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Senior Member
2,866 posts Joined: Sep 2008 From: Wangsa Maju, KL
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QUOTE(JustcallmeLarry @ Apr 15 2017, 02:52 PM) Hello, yeap. make sure ur medical insurance with Company A is active for another year ya. don't cancel the plan even after 120 days just in case.I would just like to ask if let say now I have an insurance package with company A but I want to change to company B, if I sign up with company B do I have to start over again need to wait 120 day must not get sick bcs they won't cover you for the first 120 days??? |
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Apr 22 2017, 11:55 AM
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#9
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Senior Member
2,866 posts Joined: Sep 2008 From: Wangsa Maju, KL
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QUOTE(arilrifter @ Apr 21 2017, 11:14 PM) » Click to show Spoiler - click again to hide... « the thing that got me worried is, when i checked the finer prints, it says even though chemo and dialysis is covered, IT DOES NOT INCLUDE take home drugs, consultation and tests. Logically speaking the things that are not covered is kind expensive even now. yes u r right, the medical card before 2015 (depends on which insurance company) does not cover take home drugs, consultation and test. most of the latest medical plans already include those in the claims. » Click to show Spoiler - click again to hide... « 2. However I am interested in getting a new policy like the new prulinkone (where there is no yearly limit and i can use up to 1 mill, does it cover everything during chemo and dialysis though?) since u r currently having an ILP, not sure ur prulink have the latest medical card rider or not. if yes, then can remove the current medical card rider and put in the new one. not so sure about PRU ILP plan though. » Click to show Spoiler - click again to hide... « hmm i dont know what to do any advice? yes, i know i can inrease my CI to 200 k (so i can use that money to cover the take home drugs etc) which will shoot my premiums to RM 270 per month.. but the thing is newer products by prudential are essentially a lot better with cheaper cost.. kinda anooyed TBH guess that you know even by upgrading CI to 200k, it will also ripped ur money off for CI treatment. anyway best thing to do is put in the new medical card rider and remove the old one in that same policy (if this is allowed with the ILP plan you are having). hope other PRU agents here can help u with that. |
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Apr 30 2017, 11:03 AM
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#10
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Senior Member
2,866 posts Joined: Sep 2008 From: Wangsa Maju, KL
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QUOTE(noobeytoo @ Apr 26 2017, 01:23 PM) Thanks I also have this plan and my agent keep asking me to add on. find for a plan that the outpatient cancer treatment and kidney dialysis is subject to the medical annual limit.May I ask How about the cancer treatment and kidney dialysis? It limited to Rm250k per lifetime. If finished used the Rm250k and subsequently there is a cancer claim 5 years later for Rm350k, how? QUOTE(Alexis Sanchez @ Apr 26 2017, 05:47 PM) Any good medical card from AIA / Prudential currently? look at their latest medical card that covers minimum of 1 million per year QUOTE(msapi @ Apr 27 2017, 01:21 PM) Hi, since u ask for recommendations, perhaps start with looking around for plans from the top 3 insurance company in malaysia. I've an existing medical insurance that covers 20K annually. Was looking for a deductible medical insurance to complement. Any recommendations other than Tokio Marine and Lonpac? TQ |
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May 2 2017, 02:51 PM
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#11
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Senior Member
2,866 posts Joined: Sep 2008 From: Wangsa Maju, KL
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QUOTE(vextor @ May 2 2017, 10:51 AM) Alamak, Allianz is not in the listing not definitely must buy from top 3 companies. as long as u r comfortable with the insurance company that you wanna buy with and most importantly the agent that you trust the most! This post has been edited by ckdenion: May 2 2017, 10:55 PM |
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May 5 2017, 07:06 PM
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#12
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Senior Member
2,866 posts Joined: Sep 2008 From: Wangsa Maju, KL
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QUOTE(5p3ak @ May 4 2017, 10:37 PM) What makes me yeah u r right, buying through phone end up not so sure of what you have bought until u receive the policy and read through it. in this case u have to go to their CS office together with the free-look period letter. is that AXA/Affin Insurance have the audacity to charge one of my card for 2 months when I haven't even received the policy. Will call them tomorrow. Never again will I register via phone, oh well lesson learnt. Don't get me wrong tho, Affin bank is quite a good bank, have a few FDs there, good rate if you manage to nego. |
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May 11 2017, 05:08 PM
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#13
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Senior Member
2,866 posts Joined: Sep 2008 From: Wangsa Maju, KL
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QUOTE(lousai @ May 11 2017, 12:26 PM) Hi sifu, lately my group of friends are revising their insurance policy. Some even cancel the existing one and sign up for latest plan. According to them, the latest plan provide more coverage and sum assure as well vs the 10 yrs old policy. Thus, I wanted to seek your guidance and advice on this move. Appreciate your insight thought no problem as long as your agent do proper review and able to guide you what to do if you wanna get a new plan. of course best case is always dont cancel the existing one unless it doesnt serve any important purpose. your agent will know this well and will guide you through. we cannot make any decision for your just based on what your friend did and without knowing what you have. |
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May 24 2017, 03:01 PM
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#14
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Senior Member
2,866 posts Joined: Sep 2008 From: Wangsa Maju, KL
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QUOTE(arilrifter @ May 22 2017, 07:05 PM) interesting.. how can an agent be aweful? what's d criteria? other than take money and run, what are the bad qualities of an agent?? curious real life story from one of my clients. he said that after his previous agent closed his deal, after that very difficult to find agent. even wanna ask him something regarding his policy, he ask my friend to check the policy book himself. he told my client everything is in the book sendiri baca. QUOTE(raptar_eric @ May 24 2017, 01:13 PM) Fellow insurance sifus, may I kindly ask is there a need to have 2 separate medical policies from diff companies? unless one card got exclusion and one doesn't have, then thats a different story. in your case, you can only claim one side. whatever extra exceeding the limit u have to bear urself. unless what u get from GE is Smart Extender Max. Meaning lets say your PRU medical card claim exceeded the limit, then the exceeding amount can claim from GE on reimbursement basis.I have a medical card from ge covering 2.4mil lifetime claim, and another prud medical card covering 2.5mil lifetime claim.. I am only 29 this year, healthy no sickness... thought of dropping 1 due to commitments... what all sifus think? else, just buy the best from one insurance company is very good enough. |
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May 24 2017, 03:02 PM
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#15
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Senior Member
2,866 posts Joined: Sep 2008 From: Wangsa Maju, KL
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QUOTE(arilrifter @ May 24 2017, 02:56 PM) wait.. somebody please clarify!!!!!..although i do agree that you kinda have overcovered yourself, and dropping one is a good idea but is it true you can only use one at a time? i dont think so..... lets say you got a cancer, and u used up the annual limit for one medical card, i think you can use the next card to cover after the first one reached its limit.. plus, if you get cancer or 36 c.I, you can claim from both.... wouldnt ANOTHER best option is to restructure your coverage in how u like em to be??? someone please take notice and reply yes aril u r right. if exceed limit for different case yes can claim 2nd card.one case one card. hope im not wrong. wait for others to double confirm. |
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May 24 2017, 03:13 PM
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#16
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Senior Member
2,866 posts Joined: Sep 2008 From: Wangsa Maju, KL
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QUOTE(ChloeKhar @ May 24 2017, 03:07 PM) Yup, that's I suggested to upgrade Great Eastern Medical Card with min annual limit RM990,000 with lifetime Unlimited, as he holds existing GE medical card now. As someone said, no point to holding two cards if a person is currently healthy. Unless have some conditions to hold two. Select the right one and upgrade it. raptar_eric you can either upgrade theGreat Eastern one to 2.2mil annual limit with no lifetime limit Prudential one to no annual limit and no lifetime limit with 2mil PVM |
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May 26 2017, 03:41 PM
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#17
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Senior Member
2,866 posts Joined: Sep 2008 From: Wangsa Maju, KL
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QUOTE(raptar_eric @ May 25 2017, 05:27 PM) Any prudential agents here can share with me the documents needed for me to bring for surrendering the policy? not advisable to ask for support from social media.At jaya 33: i was told to bring my trustee and IC, sign unfront them and they will sign the witness portion Prud cust hotline: i was told to bring ic, bank statement and trustee along What does my bank statement got to do with me surrending the policy? Asked on PRUD's FB, read my msg but ignored me. Kudos prudential social media team bank statement bring just in case, basically just need to fill up the bank detail form will do. and not to forget your IC and your trustee. thats all |
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May 31 2017, 03:44 PM
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#18
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Senior Member
2,866 posts Joined: Sep 2008 From: Wangsa Maju, KL
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QUOTE(giggs_509 @ May 31 2017, 12:21 PM) Yes. Let say personal insurance cover death/TPD 500k. House loan at the time left 300k. So can settle house 300k and got balance 200k. Correct me ya. Noob here in a way you can make it that way though. end of the day it still depends on your comfortable budget first then from there see what's the best you can get.QUOTE(Mahao @ May 31 2017, 01:38 PM) Hi all, if i feel my agent is ignoring me and not serving at my interest, am i allow to change agent?? wat bout commission? yes you can change agent but commission will still remains with the agent serving you currently. no commission will be given to the new agent that you change to. |
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Jun 3 2017, 01:23 PM
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#19
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Senior Member
2,866 posts Joined: Sep 2008 From: Wangsa Maju, KL
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QUOTE(raul88 @ Jun 3 2017, 07:11 AM) Hi of course the most suitable for your situation now is to get 1 comprehensive plan to cover your housing loan and medical insurance. since you have MRTA to protect your house loan and an additional life insurance you got before that, get a plan that provides you the medical fund will do.Need some advice I have life insurance since few years ago Recently i bought a house, hence bought another life/TPD insurance under MRTA So i need a standalone affordable medical card I knew the importance of medical insurance Now even more since i have made my biggest commitment ie house purchasing Kindly advise Many thanks if budget allows, see whether can get a plan that can consolidate your life insurance plan (few years ago) into a life insurance + medical plan or not. else, just look into standalone medical insurance. this one need further one to one discussion better so you can voice our your concern. cannot really give a proper advise here. QUOTE(scoop7 @ Jun 2 2017, 07:19 AM) Sifus, I want to get something for my kid education fund. Anything there like a guaranteed fixed amount to take out after x years? how old is your kid this year? and how much do you plan to have for your kid's tertiary studies?Budget around RM200-300 mthly |
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Jun 5 2017, 03:19 PM
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#20
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Senior Member
2,866 posts Joined: Sep 2008 From: Wangsa Maju, KL
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QUOTE(clickNsnap @ Jun 4 2017, 11:06 PM) Thanks lifebalance. Hi clickNsnap, btw how many med insurance have you compare? actually most med plans from insurance are almost very similar. any concerns you have so far?The pricing for GE & AIA are quite similar, somehow I think the Prudential pricing is much higher (Prudential don't have standalone med plan). I have been comparing the med insurance for almost one month plus...still no conclusion yet  » Click to show Spoiler - click again to hide... « QUOTE(clickNsnap @ Jun 4 2017, 11:33 PM) Noted, paying those premiums over the past 10-20 years were quite a big sum... still need to pay for another 20-30 years why not ask your current insurance advisor to help?  , really need to sit down and discuss with a financial planner   |
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