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 Insurance Talk V4!, Anything and everything about Insurance

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soulmad
post Feb 27 2017, 10:09 PM

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From: KL
hi all sifu,

need some advice
my mum bought from this MXM
underwrite by pacific insurance
The HOD have leave and join pbbank which now partner with mxm for next medical plan
now mxm very aggressive ask to upgrade to Lonpac insurance
say a lot existing pacific customer have upgrade

so my worry is if there are medical condition currently
what if after the upgrade then the lonpac only say cant claim.

If I choose to stay can they corporate agency simply terminate the policy?
or they need to be responsible to cover for their customer ?
or my mum can straightly deal with pacific for renewal?

pls advice
soulmad
post Feb 28 2017, 10:05 PM

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942 posts

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From: KL
thanks all for your input
MXM is the corporate agent for pacific since 1998

so I think they wont simply terminate the policy
even thought MXM decided to pull out.
Give that my mom already over 60 yr old
there no point for her to upgrade to other co
anyone can confirm this?
soulmad
post Feb 28 2017, 10:07 PM

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942 posts

Joined: Jan 2003
From: KL
QUOTE(lifebalance @ Feb 27 2017, 10:15 PM)
as far as I know MXM is like a MLM company selling life insurance with LonPac, there used to be a die-hard ambassador in here but I think he's no longer contributing to this thread after I exposed him.

Any upgrade on existing policies will require medical underwriting if there is any pre-existing illness. So if your mom is already above certain age or has any pre-existing illness, she'll need to declare it to the insurance company.

Now why are they asking you to upgrade in the first place ?
With this regards, since you've bought from their company, it's best to call their company up and clarify what you've signed up previously.
*
asking to upgrade because it's company direction to sell only Lonpac new product
old product is insured by Pan Pacific.
is it ok to remain with pan pacific?
will pacific have right to terminate my mum medical card if mxm decided to pull out?
What right we have for protection?
Can Bank Negara advice on this ?
soulmad
post Feb 28 2017, 10:11 PM

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From: KL
this is the lonpac upgrade form
to upgrade from previous pacific insurance

it didn't mention to declare any current medical condition
https://www.dropbox.com/s/85vpgqwaprq9vh6/a3.jpg?dl=0

can we ask lonpac to issue a guarantee letter?
or any advice
soulmad
post Aug 10 2017, 10:00 PM

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Senior Member
942 posts

Joined: Jan 2003
From: KL
any agent can clear my question on medical
1. standalone medical card that bought 5 year ago
which come with 100k lifetime limit
premium is more cheaper than current medical card.

how about in future? will the gap increase where year 2017 medical card will keep only increase while the old card increase is slower?

what ur advice to keep the old card or to buy another current card?
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