To answer your question, all major insurance company do offer standalone medical product.
Things is the market trend now is saving or investment, most agent wont quote you on that.
Generally it cost around RM70 a month if you are below 30, after that it might increase.

Cheers

Is more about the protection rather than payment.
Normally I practice 10% income for imsurance, in exchange for 10 years income protection, means you make 100k yearly, you have 1 mil cover.

Balance both and youwill be fine.

Most people think if I need to double my cover do I need to double my payment.
Unfortunetely that is not very true.

If you think you pay too much for insurance premium, ask your agent to discuss how to reduce payment without reduce cover.

Cheers

Yes, I mean that. In that case if you lost your ability to generate income, you still have 10 years of reserve.
Or just put in fixed deposit to earn interest.
If 4% interest you still can earn 40k per annual

Is a bit hard to tell if this too expensive or cheap.
1st need to evaluate what you need, eg like how much you need when you can't work.
Need a proper planning only can tell.

*If one insurance company have overprice plan, how can still they have million of customer?
Summary is that depend on your needs, and agent help to plan

Family package normally you have 4 child and above then worth it.
But if up to me would suggest go independent.

Example if you have family package but suddenly one of your family member need upgrade a better medical plan, that would be a little difficult.

As my understanding that would be no.

As my understanding now all major insurance company offer 1 mil or higher cover for medical claim annually, and lifetime unlimited is quite standard for today.

Try ask your AIA agent about the upgrade program.

Well for myself I prefer separate policy for life and medical.
If in the future I need to upgrade/downgrade/surrender I won't pull down another policies

For medical standalone the incremental of pricing is fixed as long you keep paying.

I wouldn't worry much in the incremental price, eg after 30 years the premium would be triple up, sound a lot,
but considering that time already 2047, with inflation or so generally it won't cost much.

For ILP if you wish to earn money in your insurance policies as well.
Those investment generally very low risk (not ZERO risk) and might give you considerate of amount, let's say when your retired.

My though is just don't put all the eggs into one bucket, but everyone have deference needs and reuiqrement

Since he bought it on 1999, younger age have big advantage on premium.
That's what suggest to plan well on young age

There is no best value insurance, all plan have their strength.
It's all down to what you need.

Example, why you need 300k cover on CI?

1 Mil medical is very common, everywhere can obtain.

Suggest you sit down with a agent to plan forward.
A life plan comes with several type and pricing.

Just like a car have 5 seats, but there are thousand of 5 seater come in different specs and price.

The main question is not about the pricing but the protection.
What made you think 90k coverage work best for you.

If touch wood you kena critical illness how would you spend the 90k?

What do you mean by renew?
Did she sign up a new policy?
If just general review yearly there is no card as it should be deliver when you first receive the policy.

ING now is under AIA, if you sign up a new AIA policy the card come in a envelope with the hard copy of policy.

Want life protection? Find insurance
Want earn money through investment? Find legit broker

Your assumption is based on 6% return, if market drop like hell and need 2 years to recover, you can't stop and still need to pump money regardless untung or rugi

Btw, do 32k life or TPD is enough to cover you?

But in this case the prospek is doing it as hobby, not as profession.

A full time diver instructors can't buy PA, but those who five as a hobby still can buy right?

I think some excursion might occur.
Hv to ask UW.

You need to join a agency to start selling. Can't solo.
The % vary depend on what product you sell, no fix like 65% or so.

To make a living on insurance is by years of accumulating commission.
Unless you got single premium from business man or fitly rich client then you got huge commission.

Agree, no one know what's the college/university fee on the next 20 years.
You can plan to save 200k for education fund but when time comes market price for private U is 400k maybe.

And this is also IF the investment doing good all the time.

What's the big different in the premium?
If just 20 or 30 monthly no big deal, 2 starbuck gao dim

The medical is not only for you, but your next of kin burden as well
Example your very sick on age 81, your anak or cucu want sent you to gomen or private.
If they just normal folks private may cost them heavily, while gomen hospital have queue as many patients pending.

Then that time your children may have to think hard...
Shall I fork out half my saving to sent my parent to private or just gomen and pray for the best...

Think again...

Not much option here.
If premium too high, ask siblings share the premium.
Or save up the yearly premium for later use, some semi private hospital like HUKM are price quite affordable.

At age 70 no major insurance company will insure your parent as last entry age is 65.
Seem like GE is your only option to continue medical plan.

Question: Why don't look for other med option at insurance when your parent is younger?
Your story might give some good insight for other reader here.

My own opinion.
1. Are the minister story are true and not by political move?
2. Many medicine and item price are not regulate by health minister, hospital decide on price
3. Patient didn't check hospital billing as all paid in insure, might have wrong billing and jack up overall medical cost

What you guys think?

*All insurance company are heavily monitored by bank negara, for such issue shouldn't be asking on bank negara first?

This post has been edited by ngks: Aug 13 2017, 09:53 AM

This case you have to be wise.
First ask around your friend see if they can provide what seem logic to you.
If not then move on.

Sometimes you may think better I choose what I need and go shop for best price.
Hardly work, cause:
1) You may not know how to plan financial, in reality how much is needed to support who? what? when?
2) Best price, you are not known to insurance pricing, what IF 3 of your friend also quote what the highest premium from their company?
So in this case you may choose from the least EXPENSIVE plan.

*After what they propose, always ask yourself how you want to spent the sum assured when something happen, is it enough? How long can it last?

I disagree.
Years of service not always equal to service/knowledge level.

I met a UM who doesn't know what term life is, ask back the client some more.

Agree, but this kind of agent is rare.
Anyone on the field know how typical agent handle prospect, sad for the market.

https://www.aia.com.my/en/help-support/locate-us.html

Use the link and search for platinum hospital

Thank you taking your time to explain this

AIA better? Know few GE and PU agent also can achieve MDRT.
I think skill matters