in terms of the stability for those insurance company local or foreign, should i be worried, because company like allianze or axa, will they stay here forever?
Insurance Talk V4!, Anything and everything about Insurance
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 Oct 18 2018, 08:55 PM
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Oct 19 2018, 03:13 PM
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QUOTE(wongmunkeong @ Oct 18 2018, 11:17 PM) er.. "Stay here forever" as opposed to? so my worry is not unfounded, hmm, i happen to be interested in allianz, don't know how long this company will survive in m'sia?a. Chup lup / bankrupt & tutup kedai? Your guess is as good as mine - even AIG US nearly kaput until it was "rescued" (aig too big to fail - google it). b. Selling its biz in MY and getting out of Dodge/town? Happened before - our insurances (contracts in reality) are taken over by another insurer, just like rental agreements being "novated" to the new owner. The last, if i'm not mistaken was AIA taking over ING https://www.ing.com/Newsroom/All-news/Press...ysia-to-AIA.htm c. er.. dunno what other scenario U may be thinking of   |
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Oct 20 2018, 12:29 AM
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QUOTE(wongmunkeong @ Oct 18 2018, 11:17 PM) er.. "Stay here forever" as opposed to? judging from my history, Prudential has the longest time in M'sia from 1924 but mayb GE is longer, the longest history can be a sign of strengtha. Chup lup / bankrupt & tutup kedai? Your guess is as good as mine - even AIG US nearly kaput until it was "rescued" (aig too big to fail - google it). b. Selling its biz in MY and getting out of Dodge/town? Happened before - our insurances (contracts in reality) are taken over by another insurer, just like rental agreements being "novated" to the new owner. The last, if i'm not mistaken was AIA taking over ING https://www.ing.com/Newsroom/All-news/Press...ysia-to-AIA.htm c. er.. dunno what other scenario U may be thinking of This post has been edited by gedebe: Oct 20 2018, 12:30 AM |
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Oct 21 2018, 11:42 AM
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for person who has depression, which insurance company will still accept?
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Oct 21 2018, 12:09 PM
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QUOTE(yklooi @ Oct 21 2018, 11:54 AM) googled and got this.... exclude meaning that the insurance co will still accept, I am talking about upfront reject, not even taking any ppl with mental illness!Insurers have been accused of depriving access to life insurance and other kinds of cover to people with depression and anxiety, even for physical conditions unrelated to their mental health. https://www.theguardian.com/society/2018/ja...insurance-cover more in https://www.google.com/search?ei=kvbLW7u0EY.....0.rcgP0ts-UGA is depression under mental disorder? if yes,...then this is an example... This policy excludes any one of the following which is caused by or due to: m) Psychotic, mental or nervous disorders, (including any neuroses and their physiological or psychosomatic manifestations); https://www.aig.my/content/dam/aig/apac/mal...calcare-pds.pdf Our consumer movement is strong as in advance country, insurance co can impose a lot of thing which benefit them and still we have to accept. In this case, insurance co should be making a lot of money because they are always protected by our weak consumer right |
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Oct 22 2018, 10:27 PM
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Can you all comment on my policy, Pru med value:
wife (38 years): rm220/month 1mil Annual limit, after that copay Pru 80% owner 20% rm100 R&B 10k life husband (45 years): rm290/month 1mil Annual limit, after that copay Pru 80% owner 20% rm100 R&B 10k life |
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Oct 23 2018, 08:39 AM
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QUOTE(yklooi @ Oct 22 2018, 10:57 PM) sorry, cannot commend but can ask..... r&b i plan to topup if want to stay in better room, my plan is to make is as low as possible the total premium while putting emphasize on medical,the RM100 R&B will it be too little? also the premium amount...will it continue to rise according to age ranges? |
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Oct 23 2018, 08:40 AM
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QUOTE(yklooi @ Oct 22 2018, 10:57 PM) sorry, cannot commend but can ask..... this premium is ILP and if use min projection on return of investment, it will last until 78 years without topup.the RM100 R&B will it be too little? also the premium amount...will it continue to rise according to age ranges? |
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Oct 23 2018, 08:51 AM
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QUOTE(yklooi @ Oct 23 2018, 08:45 AM) thanks for the input & response.... If claim exceed 1 million, then we pay 80% u pay 20% if with 20% co payment....if claim RM1 mil...RM200k will have to be borne  |
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Oct 23 2018, 09:08 AM
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QUOTE(yklooi @ Oct 23 2018, 08:52 AM) thus have to have 200k in hand too.... for the clause, I assume this is normal as they won't pay for vitamin etc plus not sure if this is applicable to your plan.... saw this on a fine print of a plan in the web.... "We shall only reimburse Reasonable and Customary Charges on eligible expenses which are deemed Medically Necessary". thus maybe >200k? ".....then we pay 80% u pay 20%"..... sorry, the we means insurance comapny, thus the we means you represent that company? the we is insurance co. |
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Oct 30 2018, 11:20 AM
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can anybody recommend me a good insurance for personal accident?
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Nov 1 2018, 09:23 AM
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my wife was just offered the below and i want to topup, what is the best to topup or even add for example, critical illness etc:
wife (38 years): rm220/month 1mil Annual limit, after that copay Pru 80% owner 20% rm100 R&B 10k life |
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Nov 19 2018, 11:10 PM
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i want to know who is with met life insurance as i know they just start no so long ago?
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Dec 5 2018, 04:41 AM
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i was recently offered by an insurance co with loading the 40% on premium but upon checking it was more than that because they also lowered my sustainable age from 78 to 74 basing on low scenario, if I were to ask them to set my sustainable age back to 78, the loading will be 68%.
Question: can the company load me on the premium then lowered down my sustainable age but claim that they only load me on premium? This post has been edited by gedebe: Dec 5 2018, 04:42 AM |
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Dec 7 2018, 12:32 PM
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QUOTE(ckdenion @ Dec 6 2018, 05:26 PM) maybe it is not that they lowered the sustainable age of the policy, it is with the exponential insurance charges (is this a plan with medical rider?) factored in the loading, it cannot sustain that much. only way is to top up a little bit more on top of the loading to extend policy sustainability. Now the issue is they have impose 40% loading at the same time lower my sustainable age, by doing so they are loading me twice and to me it is wrong, it must be load 1 time only. |
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Dec 8 2018, 02:19 AM
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QUOTE(ckdenion @ Dec 7 2018, 12:48 PM) yes. my understanding is they imposed loading. and after imposing the loading, the policy sustainability is reduced right? the loading is not imposed twice actually. it is the charges when age increases, due to the loading as well, it increases a lot at the end of the day thus affecting policy sustainability. yes it is, so i am not wrong to say that insurer load twice and to me it is not fair unless you could tell me that they are both different thing.You load me once that is already due to my cost of insurance is more expensive than others and then once again you say we have to lower the sustainability due to my cost of insurance again |
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Dec 9 2018, 12:18 AM
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QUOTE(ckdenion @ Dec 8 2018, 01:52 PM) insurance charges is one of the factors that affect the policy sustainability. so can i say that after loading premium the insurer still factor in another charge, this is loading twice, or there is something that you miss telling in your explanation |
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