Yes, if you want critical illness coverage, your options will generally be a traditional plan, or an investment linked plan.

Regarding your comment about the premium, it's hard to comment without looking at the specific details of the plans to compare.

Cheers,
Matt

Hi, KaD1GO,

Yes, it's definitely possible get a plan like you've described for RM300/month. May I also know your occupation type? e.g. Accountant, Doctor, etc.

Cheers,
Matt

When you notice contradictions, it's best to clarify. As always, it's the insurance company that will have the final say, so best to check with them for actual clarification. I'd trust the official website of the company more, though.

Hope this helps.

Hi phoenix24,

It really depends on your lifestyle and what's going on etc. The usual things that you'll need to take into consideration are whether you have any liabilities that need to be dealt with, or any dependents etc.

It's good that you're asking now, and it's always good to review (not just insurance) our situation from time to time.

Cheers,
Matt

It's generally not a good idea to just surrender your old policy like that. I'd be wary when people suddenly tell you to cancel your policy. Even if you do decide to cancel your old policy it's important to take note of things such as waiting period for medical coverage etc.

Bottom line, analyse carefully before making a decision, don't just cancel to help your friend make a sale.

Cheers.

Hi,

Best to do a property policy review before making a decision. I wouldn't recommend you just surrender like that unless the proper due diligence has been done.

hope this helps.

Cheers.
Matt

Hi orenji_neko

You should receive a statement that will state clearly how much goes to Medical, Life, or Medical/Life. If you didn't receive it, you can have your agent send you a copy, or request directly from your insurance company.

Hi 5p3ak

It really shouldn't take 2 whole months to reach you. Maybe one possibility is that it took a while for the agent to arrange a meeting with you to deliver the policy.

Anyways, as you've mentioned, just write a cancellation letter and you can walk into the insurance to request for a refund if you're still within the timeline of 2 weeks from signing the policy acknowledgement slip.

Cheers,
Matt

The latest policies offer higher (and sometimes unlimited) coverage etc, but it's very important to actually review what you (or your friend) already has, and see what you're replacing it with. Talk to your life planner/agent and do a proper review. If after you've done a proper review and feel it's good to switch, then go ahead.

It's also important to take note of waiting/cooling periods, especially when discussing medical cards. Even if you're on Plan A, and now want to buy Plan B, take note that Plan B usually will have a certain waiting period for different illnesses, so don't just cancel the old plan before waiting out that time, or else you could be left hanging.

Hope this helps.

Cheers.

Hi,

As some guys here have already mentioned, you can only claim one at a time, so the scenario in which you use both would be that your medical bill exceeds the limit of card #1,and therefore you use medical card #2.

One thing I always feel is important to bring up when people talk about dropping their medical card, is that you need to pay attention to the waiting period of your new medical card. Usually there is a waiting period of 3 months for certain illnesses, and 6 months for certain illness etc. So there is common to hold your older card while you wait out the cooling period on your new card, just in case. You don't want to cancel the old one and later find out that you're not covered for X illness in the new card due to cooling period.

I also agree with some of the suggestions here that you should consider the newer medical cards with 1-2 million a year coverage, and lifetime unlimited. As you're only 29 this year, you can assume the medical costs will be much much higher by the time you're 40-50 years old. The cost of entry for your current age is also very reasonable.

As always, do a proper review with an honest agent who has looked through the details of your policy before canceling your old policy, as I only have the information you've provided above.

Hope this helps.

Cheers.

As mentioned by some of the members here already, it'll depend on whether the tumor was removed. If it was not removed, then the person wouldn't be able to buy a life/medical policy.

If the tumor was removed, then will need to get through the waiting period, and even then, there might be loading or exclusions.

Hope this helps.

It's not uncommon to have newer plans offering better value/coverage, but really to do a proper comparison you'd need to sit down with an agent and do a proper review. Certain things you might want to take into account:
- Your plans might be different. His plan might focus on something different. As you mentioned life cover and his is medical. It's hard to compare just based on this.
- Your age might be different

In the end, my view is to do a proper review, and see if what you have is currently still the best solution in the market, based on your situation etc.

Hope this helps.

Cheers,
Matt

Personal Accident insurance is quite different from life/medical. After all, we're all guaranteed to leave this world someday, and it's a safe guess that we'll need some medical help somewhere in our lives. Whether we get into an accident or not is another issue, so it's a bit of a gamble/luck of sorts. PA isn't too expensive though, so it can be worth considering, depending on your situation.

Hope this helps.

Cheers,
Matt

I think it's best to do a proper review with your life planner and analyse from there. It's best to take all the factors into account, such as your age, current situation, existing health situation etc. Getting a comparison between this and "product XYZ" might not give you a suitable answer.

Yes, the CI coverage will be paid on the diagnosis of the CI. The annual limit/lifetime limit of the medical card won't be affected. The sum assured (life/TPD) however may or may not be reduced, depending on the details of your policy. If unclear, always refer to the details in your policy, as that's the contract that you've purchased.

As you've been informed, there is a 90k deductible on the Smart Extender , which is handled by the SMX 90k annual limit.

What you've been quoted effectively has 990k annual limit, with lifetime no limit.

The basic summary of the SMX and SE can be seen below.

Hope this helps.

Cheers.

Bro, I don't think anybody is trying to get into a fight here, but that lifetime limit has already been removed, can you can see from the excerpt below, sourced from the GE website:
https://www.greateasternlife.com/my/en/pers...-questions.html



You can also refer to those with the latest policies from GE to read through the policy book and clarify the no lifetime limit, which I've posted earlier as well.

I totally agree. We're all here to help and add value.

It's important to note that a standalone medical card charges according to a table (price list of sorts), so you can see the future cost of using that medical card by referring to the price table. Generally speaking, the cost will be higher every X years, as your age has increased, so when you're older (e.g. 60-70 years old), the yearly renewal cost can be over 10k.

An property planned ILP with medical insurance will generally cost the same premium that you've been paying, and can handle the costs of continuing to insure you when you're older.

This is just a general description of the difference. As always, best to discuss the full details with your life planner.

Hope this helps.

Cheers.

In cases like this, it's best to contact the agent and clarify what is going on. If she is having trouble contacting the agent, she can liaise directly with AIA (which now owns ING) for further clarification.

Hope this helps.

The current plants have removed the lifetime limit, so you can say that there are better plans, but really we don't have the full details of your policy etc. It's best to sit down with your agent and do a proper policy review, see where your current protection is, and discuss what's best for your situation.

Hope this helps.

Cheers.

A very brief answer would be that Great Medic Xtra is a standalone medical card, where there is no cash value and death benefit. The SmartMedic Xtra is a medical rider for the investment linked plan. There are pros and cons for going for standalone or investment linked.

Hope this helps.

Cheers.