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> Insurance Talk V5!, Anything and everything about Insurance

jack2
post Dec 28 2018, 10:46 AM

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QUOTE(lifebalance @ Dec 28 2018, 10:31 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.
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Panels that recommended by the insurance companies?

I can bring her to do examination.
lifebalance
post Dec 28 2018, 10:47 AM

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QUOTE(jack2 @ Dec 28 2018, 10:46 AM)
Panels that recommended by the insurance companies?

I can bring her to do examination.
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You will first need to fill up the application form and wait for the insurance company to call for an examination, if you have a recent report from the specialist, that would help as well.
Simplified
post Dec 28 2018, 11:04 AM

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HI im with Prudential.

Recently i met a prospect and he's telling me about how Allianz similar plans are less expensive by a margin.

Anyone can enlighten me bout allianz and how come they are much more affordable

Rgrds
Nigel
jack2
post Dec 28 2018, 11:08 AM

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QUOTE(Simplified @ Dec 28 2018, 11:04 AM)
HI im with Prudential.

Recently i met a prospect and he's telling me about how Allianz similar plans are less expensive by a margin.

Anyone can enlighten me bout allianz and how come they are much more affordable

Rgrds
Nigel
*
Really? Then can try
lifebalance
post Dec 28 2018, 11:49 AM

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QUOTE(Simplified @ Dec 28 2018, 11:04 AM)
HI im with Prudential.

Recently i met a prospect and he's telling me about how Allianz similar plans are less expensive by a margin.

Anyone can enlighten me bout allianz and how come they are much more affordable

Rgrds
Nigel
*
You can ask Allianz agent to share in here but I doubt they will do so whistling.gif
Holocene
post Dec 28 2018, 04:49 PM

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QUOTE(Simplified @ Dec 28 2018, 11:04 AM)
HI im with Prudential.

Recently i met a prospect and he's telling me about how Allianz similar plans are less expensive by a margin.

Anyone can enlighten me bout allianz and how come they are much more affordable

Rgrds
Nigel
*
Well it’s certainly not because we don’t focus on cash value as mentioned here. You can look at Insurance Thread V4 post 2613 - 2616 where I have “shared” with our fellow colleague on that matter.

Attached Image

Perhaps you’ll have a better discussion with your prospect if he can list out the benefits that the Allianz agent has proposed to him and compare against yours. As I know, our products are quite different from yours so I was surprised when you mentioned that he said it’s similar hmm.gif

Get more informations from your prospect about his Allianz proposal and I’ll help you understand the premium which was quoted to him.

Best,
Jiansheng

ckdenion
post Dec 28 2018, 05:32 PM

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QUOTE(Simplified @ Dec 28 2018, 11:04 AM)
HI im with Prudential.

Recently i met a prospect and he's telling me about how Allianz similar plans are less expensive by a margin.

Anyone can enlighten me bout allianz and how come they are much more affordable

Rgrds
Nigel
*
Better to compare side by side for its benefits and insurance charges. Generally speaking, charges wise wont be significant difference. Main difference is policy sustainability given with the difference of premium needed for its benefits.
ckdenion
post Dec 28 2018, 06:50 PM

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QUOTE(jack2 @ Dec 28 2018, 10:46 AM)
Panels that recommended by the insurance companies?

I can bring her to do examination.
*
Submit and apply for the insurance plan first, company will release query letter to tell you what need to do then from there you proceed with what is needed to do. It is easier that way.
KKLeong
post Dec 29 2018, 12:59 AM

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Hi, i am 25 yrs old, male, non smoker, started career 2 yrs ago. What kind of insurance is suitable for me? Need medical card for emergency case if happened. Thanks for enlighten.
Holocene
post Dec 29 2018, 10:28 AM

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QUOTE(KKLeong @ Dec 29 2018, 12:59 AM)
Hi, i am 25 yrs old, male, non smoker, started career 2 yrs ago. What kind of insurance is suitable for me? Need medical card for emergency case if happened. Thanks for enlighten.
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Hey KKLeong,

Great to hear that you’re looking into getting yourself insured nod.gif

As to what kind of insurance is suitable for you, you are on the right track thinking about a medical card. Here are a few more suggestion for you to consider:

- Life/TPD
- Critical Illness
- Personal Accident

Best,
Jiansheng
lifebalance
post Dec 29 2018, 12:02 PM

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QUOTE(KKLeong @ Dec 29 2018, 12:59 AM)
Hi, i am 25 yrs old, male, non smoker, started career 2 yrs ago. What kind of insurance is suitable for me? Need medical card for emergency case if happened. Thanks for enlighten.
*
I would say get an all rounder policy for a starter depending on your budget

You may get an investment link policy with the attachment of
Death and disability coverage
Medical card
Waiver of premium

And if you got some extras, can put in some critical illness otherwise get more for death and disability first
ckdenion
post Dec 29 2018, 02:19 PM

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QUOTE(KKLeong @ Dec 29 2018, 12:59 AM)
Hi, i am 25 yrs old, male, non smoker, started career 2 yrs ago. What kind of insurance is suitable for me? Need medical card for emergency case if happened. Thanks for enlighten.
*
At least you know you need medical card for emergency case. thumbup.gif

Medical Card > Personal Accident > Critical Illness > TPD & Life Insurance (Priority is still based on what is the area that concerns you the most) wink.gif
KKLeong
post Dec 29 2018, 06:59 PM

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QUOTE(ckdenion @ Dec 29 2018, 03:19 PM)
At least you know you need medical card for emergency case. thumbup.gif

Medical Card > Personal Accident > Critical Illness > TPD & Life Insurance (Priority is still based on what is the area that concerns you the most) wink.gif
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But, i could not efford high amount of premium monthly. 300 is the max tht i can afford for months payment. My fix commitment plus monthly expenses alrdy 2k. Since single still can coupe wif it.
lifebalance
post Dec 29 2018, 07:09 PM

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QUOTE(KKLeong @ Dec 29 2018, 06:59 PM)
But, i could not efford high amount of premium monthly. 300 is the max tht i can afford for months payment. My fix commitment plus monthly expenses alrdy 2k. Since single still can coupe wif it.
*
300 monthly is enough to get very decent coverage for your age. Around 250 is the median average
ckdenion
post Dec 30 2018, 02:52 PM

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QUOTE(KKLeong @ Dec 29 2018, 06:59 PM)
But, i could not efford high amount of premium monthly. 300 is the max tht i can afford for months payment. My fix commitment plus monthly expenses alrdy 2k. Since single still can coupe wif it.
*
RM300/month is consider a good amount to start with to have all basic coverage. at least can get medical card with at least a million annual limit, and perhaps a 100k for life insurance and critical illness. wink.gif
ginvin
post Jan 1 2019, 01:28 PM

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how often you guys review and upgrade your medical policy? normally you upgrade from the same insurance company? or switch to another service provider? any pro and cons?
lifebalance
post Jan 1 2019, 01:34 PM

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QUOTE(ginvin @ Jan 1 2019, 01:28 PM)
how often you guys review and upgrade your medical policy? normally you upgrade from the same insurance company? or switch to another service provider? any pro and cons?
*
Every 2 - 3 years, the most you can drag is probably 5 years before a new plan comes out into the market.

Depends on your preference on the insurance company that you want to take up with.

No specific pros and cons, the products are more or less the same with a little tweak here and there
Ewa Wa
post Jan 2 2019, 05:11 PM

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QUOTE(ginvin @ Jan 1 2019, 01:28 PM)
how often you guys review and upgrade your medical policy? normally you upgrade from the same insurance company? or switch to another service provider? any pro and cons?
*
probably 2-3 years to review once with your agent. I would suggest upgrade from the same company to save on the allocation portion. if u switch to another provider then u have to start the 6 years com again.
likitsaelee
post Jan 2 2019, 05:56 PM

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Hi, any prudential agent here?

I got a quotation from an prudential agent about PRUvalue med just now.
I am thinking to get this plan for my father (49 yo/smoker/occupation class 3) with 20k deductible, board rate 100.

Life insurance: 20k (I don't need this, but the agent says must buy).
Premium: RM 160

According to the calculation given by the agent the plan can sustain until 76 yo, but i can top up if i want to extend the coverage.


Questions:
1. Is it correct that i must buy the life insurance to buy PRUvalue? I don't need this.
2. One thing i noticed is that the agent can adjust the premium, the only thing changed is how long the plan can last. Does it mean that i can pay a minimum amount initially, and top up accordingly as i got more money in the future?
3. Since i am buying the plan for my father, in which i will be the one paying. Am i eligible for tax relief?
lifebalance
post Jan 2 2019, 06:00 PM

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QUOTE(likitsaelee @ Jan 2 2019, 05:56 PM)
Hi, any prudential agent here?

I got a quotation from an prudential agent about PRUvalue med just now.
I am thinking to get this plan for my father (49 yo/smoker/occupation class 3) with 20k deductible, board rate 100.

Life insurance: 20k (I don't need this, but the agent says must buy).
Premium: RM 160

According to the calculation given by the agent the plan can sustain until 76 yo, but i can top up if i want to extend the coverage.
Questions:
1. Is it correct that i must buy the life insurance to buy PRUvalue? I don't need this.
2. One thing i noticed is that the agent can adjust the premium, the only thing changed is how long the plan can last. Does it mean that i can pay a minimum amount initially, and top up accordingly as i got more money in the future?
3. Since i am buying the plan for my father, in which i will be the one paying. Am i eligible for tax relief?
*
1. This is an investment link policy thus there must be some life insurance attachment to it, if you’re solely looking into medical coverage alone then get a standalone medical card which is cheaper.

2. Yes you’re right, pay less now and top up later or pay more now and chances to require top up in the future is lesser.

3. You may need to check with LHDN on this matter.

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