can i get health insurance if i'm already sick?

so what if i'm actually sick but i don't tell them about my illness, and i didn't go to the hospital so there are no records

The only different I noticed is the cash value. I clarified with the agent to see if my assumption was correct (only cash value is difference, everything else is the same), and the agent say yes. After that, the agent keep saying that my policy will not sustain for long term.
I don't think it's reasonable to pay so much higher premium just for the sustainability. We pay premium for insurance, not cash value.
Some more, my policy started in 2012, and my friend's policy was from 2013. After 6 years, her total cash value only worth 2k more than my cash value. Considering the difference paid in the past 6 years (mine was RM135 at first, hers is RM250++). If she saved the differece only in FD (not any higher yield investment), she would have few thousand more. Now, her few thousand just disappeared from thin air. Kinda pity her.

Look at the premium difference, in 6 years, she lost almost RM6k on the cash value. It looks like I can sustain much more longer in the long run (I'm not an insurance expert, I'm just doing some simple calculation).
If I saved up that difference in premium paid, when the time the premium increased, I can just top up using the saving right. Some more, I can use that amount if in any emergency need of money.
So I explain the whole situation to my friend, ask her to consult with her agent, and do the math again to her agent. Guess what her agent said?
"If you insists to pay less and have more coverage, dont blame me if your premium increase in the future."

Then my friend tell the agent that if the premium increased, can just use the difference in premium paid to top up back right? Then the agent did not reply.
This looks like some con job if you ask me. Not saying that insurance is a con job, but I'm just doing some math.

So my point is, what's the point of putting so much portion in cash value if saving in FD can yield more return? I know the high risk high reward thingy, but look at the performance of the fund. 6 years ald losing 6k. Even if it doubles in 5 years, still not making any profit with the fund. How to sustain long?
Expert here can educate me if I'm wrong, as I'm not an insurance expert.

Are there any comparable insurance package like Prudential Million Med?

Im just looking for a medical and if possible includes critical illness type insurance.

**Tried to Search AIA but it doesnt cover critical illness and GE website is a mess and has too many packages (not user friendly)

Quote for 35yr old female from AIA agent

RM300 per month

Sum covered 150k
Disability care 150k
Annual limit 1mil
Board and room 200
Early critical care 15k
Hospital allowance 100
Accident shield 10k
Riot 10k
Waiver
Unlimited lifetime

Is it ok ?

i thot insurance return are supposed to be slightly higher than fd? but is it the case in the last 10 to 20 years?

as for me i do take ILP as my protection because it has all in one plan. Yeah a bit pricey but worth it. Proper financial planning are required in order to set out budget for it.

Every instrument has its own pros & cons. It depends on how u utilise it only.😙

I have a sdn bhd company with 2 directors in it including myself. How to go about getting insurance to cover the company if 1 of the directors is diagnosed with illnesses or cancer?

i was rejected for medical card under GE due to occupation stated as student pilot which is class 4 occupation.

is that the same across all the insurance companies?

Any pinned post for information like "Insurance 101 for dummy"? Since budget changed, was thinking to utilize the 3K income tax refund for insurance. But not sure which insurance fall under that category. Saw many people comment on Life vs PA vs Term-life. Aside from ringgitplus, i not sure where else can see comparison between each Plan. And i don't feel like talk to any agent (sorry if there is any sales agent here), hard to turn them down when i just want to compare the benefit and the premium.

PA is under Medical or Life? or Neither one

Guys,

I got the following from GE for my medical card policy:






The other FAQ page didn’t seem to say that my policy will lapse if I don’t pay.

Some background on the policy:
- started 2007, paying RM150 per month
- have been paying for 12 years
- protection I’m paying for: RM100,000 med card and 100,000. I think the amount is shared.

I do not want to increase the premium, am I still eligible from protection? Owing to the fact that I have already paid well over 20k for the pass 12 years.

Thank you, much appreciated.

Funny, I kept reading the FAQ and GE did not highlight the consequences.

It’s a whopping 26% increase of premium to the same amount of protection. Either my maths fail or this does not make any sense at all.

I was told by an Allianz insurance agent that ILP is always cheaper than a standalone medical plan + add ones (or is the term riders?), something like 2x more expensive..

Doesn't make sense to me as from my understanding about ILP, you are paying a higher premium (compared to non ILP) for the investment portion.

P/S: Any AIA agent here? Feel free to PM me. Other agents are welcomed too!

Yes I want to get more info about these. If a director has cancer, how many months will he continue to get salary? Insurance covers this? And will insurance cover the cost to find a temporary replacement for the ill director to run the company until a new permanent director is found?

may I know why the co want to increase price knowing that the benefit is much less compare to later gen? what is their justification?

Thinking of getting a medical card for my mom. Her age is 50+. Was quoted for an ILP plan (with bare minimum life/TPD benefit) which costs around RM 400/month. The COI is lower than premiums of standalone plans (I have compared up to the age of 80) out there and benefits are also much better.

However, due to the nature of ILP, this would mean initial high costs. Being just 20+ now, obviously I do not want to commit so much because I have other commitments (car loans, PTPTN etc) as well. My mom, due to some previous mistakes, has almost no savings today.(which is another story but irrelevant here)

I have since thought of a brilliant idea. In ILP as long as we have sufficient units (account value) inside, the policy will not lapse. So, I can twist around and only pay for the bare minimum of ILP plan required to sustain the policy, which is the Basic Life COI+ Rider COI+Fund Management Fee+Direct Distribution Costs. In other words my accumulated cash value/surrender value will be almost zero every month. By doing this I can reduce the premium by RM 150/month.

Yes I know I will pay more in future but I can have better cash flow instead of throwing all into insurance.

Any possibility of going wrong with this method? Would my agent commission be affected and gets pissed off and don't want to serve me?  (I didn't actually told my agent frankly about this, because I afraid he will gets pissed off.)

I may miss the details in the letter, but I echo your sentiment.

Upgrade to RM190 per month - to maintain the same 100k
New policies RM200 per month - 1 million dollar coverage

Given that even if I go for the revised product. I will most likely go through the same predicament in years to come.

“Continue rise of insurance cost, recommend to increase premium to main the same coverage, etc...BUT hold-up we got another 2 million dollar infinite claim, next gen insurance product here!”

But standalone cost more even taking into account for life+fund mgmt fee+direct distribution costs. The difference continues up to age of 80. So from my point of view not worth to buy standalone. This is why I still want to purchase this ILP but to twist it and make the premium lower (make it like standalone). But I wonder this method has any flaws in it.

hi, i had earlier requested for information / help / quotation on medical insurance.....

i'm confused between GE and AIA

GE
- show the premium forecast, and how it escalates sharply as your reach 60+ / 70+ yo...

AIA
- they tell me that it won't increase much, and at most maybe another 10% to 15% but nothing in b/w.

i'm sorry for being so ambiguous but i'm trying to understand if AIA is really so kind to keep premium increase at a minimum 20 years down the road comapred to GE or did i miss something....

appreciate any comments...don't want surprises 20 years later....tks

myself are taking SPEI2 from Great Eastern with RM150 R&B, and monthly are paying RM 200. The main concern of having investedlink insurance are the cash value inside actually. nor matter how cheap is the plan, without the cash value inside will causes me having hard time to pay in future.