Welcome to the new Insurance discussion thread Version 5.00

Created Date: 23rd Dec 2018

If you have any questions on insurance, just ask the experts in this thread!

>> Link to the previous Insurance Thread V4 <<

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This post has been edited by roystevenung: Dec 23 2018, 01:44 AM

Congrats on new thread 😎

Yay, welcome all to ask questions

thank you guys/girls for posting informative and useful replies and keeping this channel open for more information clarification and sharing.....

wah I see my name

how much stand alone medi card for kids?
7 years old boy and
4 years old girl

about 100/mth each

Lately I bought the aia a-life cancer360 but I found there are incorrect answers on the self declaration in the form I.e. is any of your immediate family had cancer and have you performed medical checkup last year. Both are yes but my agent just helped me tick no. I whatsapp him and also submitted the question in aia portal but they never reply me. This makes me worry because in the policy there is clause to reject claim should I lie in the self declaration. So the question is will it affect my claim since I already informed them but they just ignore my questions?

My recommendation is that you follow up with them via FB or walk in to their branch to clarify.

Best,
Jiansheng

you will need to submit a form to inform AIA that you would like to correct the answer that you gave wrongly and get agent to submit in the form


Thanks

from RM155/month for both of the kids

Wow, finally v5 this insurance talk, please come more question and answer...

Dear sifus, I have looked at both Prudential and AIA policies that have been generated for me. I would like to know your opinion(s) on both of these policies:

27F non-smoker Class 1 (50% responsibility of breadwinner)

Prudential - Plan Type: Regular Premium ILI
PRUwith you - SA RM100k : Premium RM 250
Crisis Care - Sum Assured RM100k
Acci Guard Plus - SA RM100k
Acci Med Plus - - SA RM5k

Pruvalue med:
- R&B - 200 (Deductible: RM300)
- Med Value Point: 1.5 mil
- Med Saver: 300

Payor Basic: 3k p.a

Insurance Premium: RM250 (A)
Investment Premium: RM0 (B)
Total Premium: RM250 (A+B)

AIA - Plan Type: ILI Plan
Basic Plan
A-LifeLink 2 - SA RM100k : Premium RM 200
A-Plus Saver : Premium RM 75

Riders
A-Plus DisabilityCare - SA RM100k
A-Plus Health - Plan 200 (Deductible: RM300) : Unit Deducting
A-Plus Multi CriticalCare - SA RM100k : Unit Deducting
A-Plus Early CriticalCare - SA RM50k : Unit Deducting
A-Plus WaiverExtra @70 - RM3.3k p.a : Unit Deducting

Total Monthly Premium: RM275
Total Annual Premium: RM3.3k

Thanks

This post has been edited by fizzx: Dec 26 2018, 11:25 PM

Hey Fizzx, first off I would like to say your listing of the the insurance coverage have to be one of the most detailed I've seen on this thread and that's a good thing 🤓.

I'm Jiansheng by the way.

Ok, let's get right to it. Base on your question I would assume the agents have explained the benefits and T&C of the riders and you're just asking an opinion on the overall design of the plan?

Right off the bat between the two plans these are the differences:
- Personal Accident (PA) coverage
- Critical Illness (CI) coverage

As I can see, the Prudential agent has included a PA and 36 CI whereas the AIA agent did not include a PA but the CI coverage for AIA is wider (Early - Advance stage).

You also mentioned that you're 50% of the breadwinner hence another area that I highly recommend you look at is the sum assured for Life/TPD and CI. Are the sum assured listed above sufficient?

Best,
Jiansheng

This post has been edited by Holocene: Dec 27 2018, 08:39 AM

Hi Jiansheng, thanks for the reply!

Yes, you're right. Both agents have explained the benefits and T&C.

Do you reckon I should drop A-Plus DisabilityCare - SA RM100k for now and add on Personal Accident - SA RM100k? I would like to keep the premium as low as possible as I have other commitments. I may add the A-Plus DisabilityCare in future. What do you think?


It's sufficient for now and I plan to gradually increase it over time.

Hi agents,

I currently have a plan with Prudential.
Both medical and life.

Would like to explore other products.
In PJ, can contact me to further discuss.

That depends on your priority in coverage and your availability of your budget.

I would maximize more on life since you're a breadwinner


What product are you looking into?

1. a little note on Prudential plan, you can ask agent to quote you the latest PRUmillion med. Insurance charges is cheaper.
2. as for life insurance, perhaps you can roughly estimate that it can cover whatever outstanding loans/debts and also provide family for x years (depends on your family members' dependancy). and also if you have any child, you might wanna look into whether you want the life insurance to provide for child's education.
3. for critical illness, you estimate whether how much amount you need to cover at least 3 years (best if 5 years) for transition period.

only wanna look into Prudential? basically it is either life insurance or medical insurance. or you want targeted specific products like cancer care products, 36 critical illnesses products.

This post has been edited by ckdenion: Dec 27 2018, 07:10 PM

My sister encountered high fever when she was a child and since then, she becomes abnormal and cant think like normal person.

Self-discipline = OK, just below normal person, like a child. You need to tell her properly and she can follow the instruction.

Education level = Standard 6


Thinking level = Like a child, but she is able to debate on whatever points you told her....

Can I buy life and medical insurance for her?

This post has been edited by jack2: Dec 28 2018, 10:30 AM

she'll need to go through some medical examination by the panel insurance clinic or a specialist report is required to ascertain what she is suffering from otherwise it will be hard for the insurance company to grant any sort of insurance to her.