hi ahwai, whats the name of the plan and medical card?

hi prescott2006, very nicely given info. in terms of over-insured/under-insured, it also depends on a few planning for example: since your son is still a minor, then you will like to factor in his future education fund + living expenses into your life insurance amount. of course you can follow the rule of thumb that most will use which is 10x your annual gross income. there is not right or wrong, just plan something that suits your needs the most.

Hi kbandito, you are right. Love your input here. The 10 years rule of thumb serves as a layman guide. Detailed planning is not easy to be mentioned here. It always goes back to the fundamental of planning first before going into financial risk planning. I'd done quite a numbers of my friends and I do agree that different people need different risk management. I myself also structure my own plans whereby reaching certain age i dont need the coverage anymore. So yea really really good info provided by you.

Hi Brown22, to be safe, just have the nominee sign on the surrender form.

Hi ahbeng_style, it really depends on underwriter and companies (pray for luck and miracle too ). I wont go to a conclusion that company wont accept your case. Best is just try and apply. Have all the past medical record documents ready.

hi tonytyk, the cash value in your existing prulink one will always remain there unless you do partial withdrawal/surrender the policy. the cash value in the ILP plan will just run and insurance charges will be deducted from the cash value until it becomes 0 and lapse.

hi Whit, here are some that you can refer to:

A-Life Med Regular from AIA
Great Medic Xtra + Extender from Great Eastern
PruDirect Med from Prudential (Online Product)
ManuHealth Elite from Manulife

Hope the links will be useful for you

hi darkdevilrey, hope the answers above help you.

hi memorylane, really very very good info there!

hi Thor! Basically the TnC is clearly stated in the brochure already. Guess you are not the first one who have that thought of getting a short term gain there. the only thing is if everything is in place - getting married, getting a child there after, by the 3rd year you can indeed get a short term gain there. so yea, best trick is buy during pregnancy (just by getting the Child Birth reward and Gift of Joy), so after end of 1st year policy you can claim already. Of course best is if you really need this plan.

Basically, insurance companies don't depend on one product plan for profit. so some might profit more while some profit less/might have loss. The main point is to gain more new business from customers first. likely some customers might stay due to the benefits that they want. im more worried of the agents' persistancy (a gauge for the agents to make sure new business is inforced for at least 2 years). if the agents do it for money only, then some will just sell based on products' benefits. agents that wanna stay long term in the business serving their clients long term most likely wont advice clients to do so.

hi coca^cola, the benefits above seems good. so long you and your agent discussed your needs, then the plan that suits you is considered as a good plan already.

hi afkwan, insurance cost will increase depends on various factors. most that we heard of is medical cost increases that causes the medical insurance cost increases too. By 1 Jan 2020, BNM want all insurance companies to standardize their cash value projection based on 2% and 5% (irregardless of any fund choices). This is also to make sure the projection is at a conservative rate.

hi chichichi, are you looking for a quote on behalf of your friend? if on and off smoker, normally i will take it as a smoker. else, company will treat that as non-disclosure and future claims might have issue due to that.

hi pmaxv, what you can do is purchase a new policy with PruMillion med. for the current one you are holding, just stop payment will do.

For Prudential I'm not sure though. For GE, i know it won't. Or you can do something like getting only the PruMillion med rider on the new plan. Your current one prioritizes on life insurance+CI.

Hi bubs66, you can opt into getting PruWith You + PruWealth. There are 2 ways you can go about. Find out your needs then see how much you need to pay to fulfill the protection needs. if budget exceeded, your agent can work the other way round which is how much you can afford and give you as much to cover your needs.

Hi Zyi, i cant seem to find AIA MedPlus package online. when is it bought? normally for outpatient scan (except due to accident cases), it wont be covered. but you can keep the original bill, in case you need to be hospitalized or surgery needed to be done prior to that, then yes it can be claimed under pre-hospitalization diagnosis test.

hi ultralightbing, what's your age and occupation? smoker or non-smoker? you can opt for few of this for tight budget solution.

Great Health Direct by Great Eastern
PruDirect Med by Prudential
AXA eMedic by AXA

hi ultralightbing, feel free to ask here if there's anything you don't understand in those links.

hi ultralightbing, the one quoted from PruDirect Med is annual premium. standalone medical plan wouldnt cost you as much as 500/month unless for senior citizen.

Hi watabakiu, I will advice you to go HQ with your wife to do the absolute assignment to you.

hi b3ta, each company got its own's pros and cons. if you look at the brochures from each company, they are more or less the same. some have extra perks say AIA ones that comes with the AIA Vitality member benefits. of course with more perks comes with higher insurance charges. if you are looking at low cost of insurance charges, GE and Prudential are really low insurance charges compared to most companies.

hi puputeh, with the RM200/month premium with all the benefits above, it sounds okay to me. only thing is whether the benefits of the plan sufficient to cover her financial risk. usually 50k CI is really considered as low (of course this still need to be discussed with your sister). and yea, for medical plan, you need to pay so long you are holding the medical card. life insurance it depends on the duration (term) of coverage needed.

hi harvin6, it depends on what life insurance plan type that you are referring to.

investment-linked life insurance = there is no maturity for this plan but however certain ILs have coverage term. this plan doesn't guarantee the amount that you will get back though. so it depends upon surrendering/end of term, is there any amount that you can get back.

traditional life insurance plan = this type of plan comes with maturity benefit. when it matures, yes you get a certain amount back.

term life insurance = a plan that has no cash value/surrender value. you purely pay just for the life insurance. when it reaches end of the term, you wont get any amount from the plan.

hi kueks. it depends on what's the purpose buying this plan. just dont treat it as something that will grow your wealth by a lot. even if you keep it until end of the term, you will get an average of 3.4% p.a.. putting the possible return aside, if your purpose is to set aside an amount to be kept somewhere safe and to bypass estate distribution (can nominate your beneficiary in Great Flexi Plus), then yea this is a good plan. if your plan is to expect return as much as 6%-7%, then no, this is not the plan you will wanna go for. so yea what's the main purpose of getting the plan in the first place?

hi kueks, then this plan is suitable for you. treat it as just keeping aside some money in somewhere you can hardly access. you can also look into money market/bond fund. it comes with minimal risk though so dont worry. even the plan you mentioned from GE comes with minimal risk too since portion of it goes to investment portion.

hi jack2, hope these links can help you.
Manulife Investment Funds (Manulife website)
Manulife Investment Fund (eUT)

yes jack2, for those with limited term payment plan, most likely (not all) you will have breakeven whatever you put in (if we exclude inflation). In actual, you know that even with that breakeven amount, the value by then is already not as much as it is. Still, for certain clients, to them it is like setting aside their funds here rather than in the savings account where they can easily access the money.

hi bluewhaleram, perhaps you can find out what your parent got for you. then you can pick up this responsibility since you are also planning to find a career for yourself.

look at overall what do you currently have then only decide whether to surrender or not. cannot really determine just by looking at this plan alone. i believe you do have other insurance plans ongoing.

hi, most companies cover outpatient accidental treatment, cancer treatment and kidney dialysis. Some companies do have outpatient stroke treatment (manulife), outpatient dengue treatment (allianz,prudential,manulife) and outpatient physio treatment (prudential).

you can check them out here:
ManuHealth Elite from Manulife
MediSafe Inifinite+ from Allianz
PruMillion Med from Prudential