interesting subject...
thus while waiting for real sifus to response....I googled and found this....
just not sure if it is still valid or this terms is same with other companies...

from their FAQs..
I am going overseas for training/ studying/ working/ charity for long period of time. Can I buy a AXA travel insurance?
No, our travel insurance are only meant for leisure or business purposes.

https://digital.axa.com.my/travel-insurance...asked-questions

Hi all..

I came across an ad post on Instagram, something about having 400k savings under some AIA takaful plan, contribution as low as 150/month. What plan is this, any sifus know about it.

If yes, how does it work & what is the premium paying term, sum assured etc. Wonder how does 400k come from and for how long.

I see 😅. Yeah..could be. He kinda said it is a 'hybrid plan'
which consists of protection + saving with ?returns/dividend around 10-12%. My further reading points me to A-Life Signature (maybe).

Really oh? I compare d.... Standalone and my ilp... Both got projected cost.... For some weird reason my ilp medical card charge is substantially lower. No didn't count the investment portion. Purely insurance charge.

Focus column F and G. Everything bao at age 60 only need  pay rm6706. 97 insurance charge. But standalone medical card Fuiyo..... 5 digit

Need help of Sifus here,

Going to enroll my parents (not me) for medical insurance, however, noticed one thing on the health declaration:

Have any of your parents or sibling ever had or died from cancer including breast cancer, tuberculosis, diabetes, hypertension, stroke, kidney disease, heart disease, multiple sclerosis, mental illness or any other hereditary disease or any AIDS related condition?

To be honest, this is quite ridiculous as you know our parents generation have many siblings and since we doesnt really keep in touch, so its really normal that we don't know their health condition. Plus, given that my grandparents has already passed away quite a years ago (the latest one is 20yrs ago) and back then I was either too small or wasn't even born, I dont even know their cause of death - for example, my father was not even sure which disease that my grandfather had, liver or heart issues. Cant really blame them tough, they didnt even finish their Form 5.

So, sifu-sifus here, if I just tick NO for this declaration, is it ok? Would it even matter in the event of claim?

Dont tell me to ask my agent, I am buying directly from insurance company so I have no agent to serve me.

Thank you.

found this brochure like thing....

Smart wealth flyer....
https://www.maybank2u.com.my/iwov-resources...ealth_flyer.pdf

Bro, relax.

I was playing on a person's natural fear of mortality, serious illness. The higher the better for me to close ma.

#sarcarstic

Just to clarify, now I know it is a investment linked life insurance. “No clue on the investment linked things” means the details of which fund they gonna go for. There are lot funds etiqa go for such as -Premier Global Equity Fund, Dana Pendapatan Prima, Dana Equity Prima etc.
I need the deeper things. So I can at least check their Fund fact sheet.
Hence I asked here if anyone know better with the sales illustration etc, would love to give it a read on my own time whenever I can instead of spend my fixed limited time waiting and que in the bank. (Which I can, but not prefer to go,
I think everyone understand )
If no one got that, yes I will go to that guy and listen there.

Hi guys,
i am sure there's a post somewhere that says how much of a % we should allocate for our insurance.

i have this insurance many years back, easily close to 20 i think.

I have never top up before so the coverage, if my memory is correct, should be around Rm100~Rm150k.

Recently my agent been whatapps me asking if i plan to increase, as the guideline he understnd would be 10% of our income.

The plan i have, is definitely <10% of my income.

So is it true that 10% is the guideline? Or there's other factors i should consider as well?

I see. Thanks for the info bro.

The reason why i am pretty reluctant to increase was, i have been paying for close to 20yrs, and i have utilize them zero times.

Granted i would not want to use them if i have a choice, but i felt like its kind of throwing money into sea.

Eventhough it's not alot at Rm300/month..but for RM3.6k per year x 20, it's RM72k already....that's money i can use for alot of things.

So kind of in dilemma.
Added : Also, there's RM150/mth or medical card..never use them for past 20 yrs also. That's another RM36k.

All in all, RM72k + RM36k = RM108k..i can buy a vios with cash and still have over 15k for petrol and modding

got another plan is yearly premium 3k can covered 500k and 300k CI. its an ILP.

But yea, like you said, term is better choice. Now agent keep pushing for ILP and term less people talk about it.

Term Life Premium will be lower than ILP I suppose?

But does it have account value, at least we get back what we paid at the end of sustainability year?

And I am rather surprising that most, not all insurance are end at 100 y.o. (this is never a good idea)

Oh forgot to mention that 1mil cash part is for after 60.

Overinsured and underinsured is not fully based on income... It has to do with the survivors... The one that depends the main pillar income earner in a family. So both person can earn same, but their dependent might be different. One can be underinsured, one can be over insured.

Hello sifu2 semua

i am a father of a kid, staying with wife in kl
monthly commitment includes house instalment ~4.5k for 35 years, car 800 for 9 years
working at government sector.

I had a policy of medical insurance from GE, inforced since 2015. Paying about rm310 per month

Recently the agent sent me a letter to extend my benefits from 80 years insured period to 100 years

Provided that i live til age of 85 and then only died of some sinister illness at that time, the offer seems legit.

However, how applicable and sensible will this decision be?

My thoughts are this
1. i am sure that this ILP is going to ask for more money from me to stay insured within the next 10-20 years, as the fund performance is some what lacklustre. Don't get me wrong, i do understand that purchasing an insurance is i need that coverage, because i can't afford the risks in future.
- so if i were to increase the insured period, some how these top ups premium to prevent my policy getting lapsed is going to be higher than expected
i believed that for the policy that you are holding, even without the extension, it will lapse somewhere between 70-80 years old (check policy contract for this to confirm). meaning to say if no top-up is done, it will lapse with/without extension. the extension is to at least secure your medical card coverage till 99 years old if you want it. of course to make sure the policy can still sustain, top up is needed but in terms of how much, it will only be known during the top-up inception when company requested you to do it with a notification letter.

2. i do notice that the terms said that the premium will be paid at the expense of whatever remaining units left in my policy only at the age of 80 onwards, if i choose to extend the insured period.
- but then again, personally, i don't think there will be any units left in the policy even before i step into age 80;
- this means that i will need to top up way sooner and much more before age 80
- i do worried that if i do so, then i can't' afford the monthly premium - this is due to the fact that i can't calculate the premium increment as the market is so unpredictable and changes always.
yes you are right, somemore not yet provided if somewhere in between, insurance charges have adjustments which is not guaranteed.

3. am i under/over insured?
cannot determine this without knowing what you really want. say perhaps you can estimate yourself, say if from today onwards no income, how long will the payout sustain your family maintenance, debt cancellation, etc etc.

4. anyone had other views on this? or am i missing out on other points/aspect here?

Thank you

attached are my policy details

Recently GE is extending the old medical card to 99 years from 80 yo. I asked agent and he said i need to wait for GE letter fon the offer. Cannkt fill up the form and submit ourselves.

Anyone has received the letter from GE on the free extension?

Hi. Is there any good medical and CI plan that i can consider? i dont need life coverage as i have sufficient coverage for life.

It so happened that my recent request to upgrade my existing ILP plan got rejected due to high cholesterol and mild fatty liver. Consulted GP and ask me to diet and exercise. No medication is needed at the current stage.

My current agent is not so "active" now after i rejected his 1 mil life insurance proposal recently.

Any advise from sifu here?

I have some insurance questions that I need clarifications. I have an inherited pre-existing condition, Thalassemia Major. Well, till now, no insurance companies would like to give me any standalone medical policy (unless someone here able to work some magic, I would go with them definitely).

I've never been a fan of Term insurance but recently a few things strikes me. Starting next year, EPF and Life Insurance would be in a separate bucket which means I couldn't max out my my income tax deduction without a life insurance. And also, I am planning to start a family soon, so maybe having a term insurance would be good in case *touch wood* anything happen to me, my family won't suffer.

As far as I know, most Term insurance do not look into pre-existing condition? Am I right? What about some companies which offer CI on top of the Term Insurance? Any clause to that?

Am a 31 y/o healthy, non-smoker working in an office environment.

I filled up the form and send to my agent but he told me have to wait for the letter as the offer comes by batches. Now it already lapsed. He asked me where i got the form and i said it downloaded from GE website. He refused to accept the form.

So what should i do now? 

hi guys,
usually whats the grace period for AIA medical card premium? how long i have to pay before they suspend my coverage after the due date?

thank you

Hi Guys. I have a questions on Insurance + MRTA / MLTA.

I am age 30 now, and am diagnose with early stage-2 testicular cancer 2 years back, and have gone through Radiotheraphy during that time.

From then until now, during doctors checkup everything on my health state is okay.

According to my insurance agent, I will be unable to purchase any insurance, or top up, going forward, and the previous policy that I purchased: Life + PA + medical will be the only I cover I have until 70 YO.
Is this correct?

Then 2nd thing is, I am currently looking to purchase my property for own stay.
And I am thinking which option I should choose between MRTA & MLTA.
If I am unable to top up or purchase new life insurance, I am thinking MLTA is a better option to offset my risk.

Can you guys help me clarify on this details?
Thanks!

I see. okay thanks for the reply.

1 more question. The bank is currently offering loan + MRTA.
Does this mean, even if bank offer me MRTA along with loan, in the end there will be trouble in approving the policy too?

What is a healthy coverage for a 23 yr old male non-smoker?

Looking at between 200-250 monthly premium, AIA specific is better ..

hi all, is there any difference in term of premium/cost if i buy medical insurance from agent, or direct from insurance co such as online, walk in etc?