I do not understand what you mean by pro-rated if using agreed value. My car is new and only a year old so would it not be recommended to go for agreed value?

Hi guys.

I'm in abit of a dilemma right now, hope to get some assistance.

I'm currently insured by Allianz (for the past 2 years), through a friend who is an agent. I recently found out that he has stopped being an agent and true enough the agent's name in my statement is of someone elses.

My question is, would this matter in the long run i.e. difficulty in claims etc? Should I be concerned that I have no knowledge of this agent that serves me?

With that said, I am also actively looking for an insurance for my 2 year old child. I've noticed lymph nodes in the neck area is abit pronounced, but we've been to the doctors before and they are not too concerned with it which means there is no diagnosed if its an issue or not.

I've met with an agent recently and mentioned this to them. They advise me to disclose this information if I was to apply an insurance for my child. I find it nonsensical as doctors previously have not made a fuss of it and theres no diagnose as well. I worry by disclosing something that is entirely based on my feelings would jeopardize the coverage my child would get. Would appreciate on an advice for this as well.

Last one. Is it possible to find an agent that I could build a good rapport with. One that I could trust to service me and my family far into the future? Some that I've met scare me. Ya know the type, that asks for an IC copy and 2 months premium deposit at the end of the first discussion.

Thanks in advance 

Hi Guys,

would like to ask some opinion. I am age 30, non smoker and drinker. but i am a Hep B carrier. I only takaful life insurance 200k sum insured . previously my only medical  insurance that i have is from company medical insurance.

since now i just have kids and i get to know the importance on medical insurance i started to look into this area.  Recently AIA have road show in company for AHM. from your opinion do you guys think is AHM ok? or i should go for normal Insurance.

for now after deducting my commitment i left 700 as saving.

Need advise to buy medical, CI ILP. Currently 37yo. Non smoker. Looking for higher annual limit and unlimited lifetime limit, 250r&b, cover until 90yo, premium is sustainable until older age.

Any good package to intro?

My car just got knocked from behind by a motorcyclist. As a result I lost my NCB by claiming repairs. My car is about 15 years old and an insurable value of RM25,000 and my insurance renewal is just around the corner.

I used to insure 1st party. Can I change to 3rd party insurance to save cost as I no longer have NCB. After 5 years I switch back to 1st party when I have a good driving track record. Can this be done?

Hi, all expert here.
I have a question regarding my insurance coverage and premium.

I'm 24 y/o this year, and I'm having a plan with GE with following coverage:

Sum assured for life + CI: RM500,000
Medical: RM150 (900k + 90k Annual limit / unlimited whole life)

Is it enough coverage for me? I'm approached by Allianz agent, and after the agent reviewing the policy, he tell me not enough coverage for medical, where he usually quote RM250 for his customers.
Previously my Sum assured was only 100k, and the first time he approached me, he claiming 100k is not enough. Hence, I upgraded my sum to 500k. Now he's claiming that my Medical (only RM150) is not enough.

So is my coverage enough? I'm paying RM250 per month for my premium. Is it cheap?

Thanks for your reply and glad to hear that.
One more question. With the same premium and same plan, my friend is only having 50k sum assured. How come the coverage different so much? It's x10 in different. I've compare everything in my policy with my friend, everything else is the same except the sum assured. Is there any chance where my friend can get a better coverage (at least 200k or 300k sum assured) without increasing the premium?
Both me and my friend are same age and I bought the policy 1 year earlier than my friend. This sound like a scam to me. Sorry if I offended anyone, but anyone care to explain how come there is huge difference in coverage?
Both me and my friend are not smoker / drinker and all healthy. Only different is I am a male and she is a female. Does that make a huge difference?

I told my friend to tell her agent, but her agent keep emphasizing that the policy won't sustain for long and the agent quoted my friend an upgraded policy, RM270++ with 300k sum assured. Feel like the agent is just trying to upsell as what you mentioned.

Thanks so much for the info!
BTW another question, but more on personal financing instead of insurance.
What's the recommended portion of insurance premium to my salary?
E.g.: I'm earning 2k per month, what's the recommended amount that I spend on my insurance premium? Like maybe 10%?

HI Sifus. I am very new to insurance. I have a policy (medical card + some riders) from HLA which was 10 years ago. I am paying about 2.5K annual premium. I noticed the annual limit 75K and lifietime limit 300K is very little by today's standard , and will be even lesser in 10 years time.

My Age now 44 , non smoker, work in office.

I was quoted 4200 annual premium from GE  consist of :
Medical card (90K annual limit, unlimited lifetime, )
Death or TPD 20K till age 99
Money matter (Estimate policy value at year 20 75K)
is this quote OK? or if there are any options that I could just top up abit to the same provider HLA to have a higher lifetime limit. and FYI i have lost contact of the agent so could not consult.

1. For naming of insurance beneficiaries - if a person nominate wife name only but both perished in accident...and assuming they include the kid/kids names in their will (but the kids are not named as beneficiaries in the policy) - what will happen?

2. If a person name 3 beneficiaries in the policy and he and one of the beneficiary perished together, do the remaining 2 beneficiaries get the whole payout???

yes, and then ah, you see, this is how ILP works

you masuk premium

they buy for you (offer price)

then you need to pay for insurance charge

they use bid price?

wah like that my bid-ask spread lose kau kau?

Which term insurance got pao 1m no limit medical insurance?

Cheap?

I currently pay insurance charge rm100 per month for 250k life, 1m no limit med, 350 board,... Urs can?

hi all, what is the most important criteria I should look into when I want to buy a medical insurance? is it always necessary to buy the "medical card" one?

i go through some of the brochure, it seem most plan are more or less the same within the same price range, which i think is logical, thus whichever insurance company we choose would most likely a personal preference rather than a matter of good or bad, is my conclusion reasonable?

critical illness can understand, is life insurance a necessary when buying medical insurance?

i guess professional required to find out which one suit us best, to make my point clear, I believe in a competitive market, most product tend to offer more or less the same value, or else the best one would conquer the market.

Hi all. Want to ask about stopping the monthly insurance premium payment.

If i already accumulate some values in the account and i want to stop paying premium for 1-2 years, normally the deduction from the account value is full premium amount or only deduct those insurance charges, riders and other insurance fee only?

For a 23 year old, non-smoker, I should get all 3 (medical - life insurance - critical illness)?

I see, the recommendation is to have the premium to be 10% of salary right? And the coverage should be 10 times the amount of annual income?

1) Any "income replacement" plans that gives a monthly pay out due to inability to work? Does this only apply to a salaried employee and not a self employed person (eg: stock/crypto trader/freelance services/own business).

2) Am I right to say that most insurance plans by various companies in Malaysia are generally the same and cover most areas? It really does not matter if you choose GE/AIA/Zurich/Prudential but actually what matters most is getting a knowledgeable agent that can find the best plant for your needs?

3) I understand that the insurance industry is regulated by Bank Negara Malaysia but in the event of bankruptcy (or the company closing down), what would happen to insurance holders?