good reading and great point to start comparing:

http://malaysiainsuranceguide.com/HS013.htm

The most important thing to look for when buyinga medical insurance is whether it has the renewability feature.

If you have any personal queries on how insurance works and if you need review of what you currently have and how it fits into your financial planning.

You can write to insuranceplanner138@gmail.com

This post has been edited by Simmie: Jun 25 2009, 07:51 PM

both are important actually. because there are environment factor which out of our control.

You are somewhat right, there are agents who are less interested in H&S (Hospital & Surgical) plans. Simply because it can sometimes be a rather thankless job. With customers expecting their policy to cover alot of things when it does not.

It is important to read through your policies or get your agent to run thru with you every 4/5 years to be reminded of what you are covered.

Commission earned from your plans is not enough to cover for our petrol and time spent travelling to your place and have regular reviews for your policies. Plus we'll have to be there for you for the next 20 to 30 years or so long as we are around or you are around. So be kind to your agents, especially those who still keep in touch and be there for you when you need them.

I dun really trust insurance. I only trust the medical card but not the other policies. Life insurance and other savings are totally useless. Even PTPTN loan, u can earn more! Why I say so? Well, calculate the inflation and the interest. Inflation is great but the interest remains the same. At the end of the day, better to spend than to save!

Thats why you need to review your policy after 5 years/10 years.
Insurance is about protection, buying it is to provide protection to you and your loved ones.
If you are sure that you will not have the risk or you have enough money to cover up your risk. Then you do not need to buy it.
Buying insurance to be earn from it is not correct.

The purpose of insurance is for financial security, not financial wealthy. Where can you get a plan that can create such big amount of emergency fund when you are not there with such low cost?

Even if you are millionaire, once you "gone", all your asset will go into estate, your family will need MINIMUM 6 months(with will) or MINIMUM 2 years(without will) to claim for your asset, how do they survive in this period? And yet, it is not creditor proof, so make sure you don't have debts.

Only death benefit insurance can provide your dependents an immediate and creditor proof fund under protection of Insurance Act 1996 Session 166.
But keep in mind, cash value and survivor benefit are not creditor proof.

To tell the fact although it is cruel, having strong finance or investment knowledge doesn't mean having a good financial planning skill.
Because investment just a part of financial planning.

what is deductible in the allianz medical policy?

EB Medishield from allianz has no deductable but optional deductable to reduce premium.

TS,
interested in listening to plans with unlimited lifetime coverage & guaranteed renewable till age 100?
pm me

We have duplicate thread (this is years back thread) so please proceed medical insurance related stuff in there. http://forum.lowyat.net/topic/940897/+360


Thanks for the cooperation.