googled and found this....

Medical insurance comes in two forms – a no-frills standalone medical plan, and a medical rider attached to a life policy such as an investment-linked plan (ILP).
The former covers hospitalisation and surgical expenses, while the latter also does that, in addition to paying a lump sum in the event of death and/or total and permanent disablement.

How to decide
So what should a policyholder do? When choosing between a standalone medical plan and a medical rider, one way is to assess your financial habits. FA Advisory’s Liau points out that premiums for both plans are not fixed as they are subject to reviews and increments in future.
“If a person has proper financial planning, and the discipline to invest the premium difference between a standalone medical plan and an ILP with medical rider, then a standalone medical plan may be more suitable,” he says. By contrast, if a person doesn’t have the discipline to save and invest regularly, an ILP may be a better option as it is a form of forced savings/investment. The plan, he adds, could help the person invest the additional premium to offset future increment in health premiums.

http://www.focusmalaysia.my/Income/when-to...ne-medical-plan

https://www.google.com/search?source=hp&ei=...i21.OekAqEtEP-0

i think many had mentioned that in normal economic sense....standalone is better than ILP.....

but many had complaint too, that standalone insurance premium can / will increase termendously especailly at/after retirement age brackets....when that is the time we usually needed both of them (insurance) and money most

The name just above the address is whose?

I hv a premium statement from aia too....
The address n name is mine.....
The insured name is my son
I am paying for it and claim tax reduction with it

i think cannot-lah...as my son is still in primary school, thus i am the policy owner, (I pay I claim), thus I think the owner of your policy is your dad.
(actually i was searching for this word)
see below post...

googled and found this...
thus depends on what you ILP bought
and also the "true' understanding of the "policy account"....
if policy account has not enough $$ to sustain the payment of COI as mentioned by (HOLOCENE at post above), then how?

https://www.aia.com.my/content/dam/my/en/do...ld-brochure.pdf

This post has been edited by yklooi: Jun 17 2019, 09:12 PM


Attached thumbnail(s)

looking at the brochure.....

why not select the PLAN 150 instead of Plan 200?

there are some differences in coverage, but would save much from the premium, if that is your concern/priority in selecting this A plus health plan.

there is a tips from that brochure too..
Tip: You can also enjoy lower premium, with our deductible option of RM300 per disability

https://www.aia.com.my/content/dam/my/en/do...0(Compiled).pdf

note this too....
06 WILL MY COST OF INSURANCE INCREASE AS I GET OLDER?
As the Cost of Insurance for A-Plus Health is deducted depending on your attained age, it will increase as your age increases.

else you can ask your agent to suggest other affordable insurance plan that suit your current and future needs at the budget that is comfortable to you now and future.
goto to AIA website .....seek out the available plans,...get more info and prepare some homework and knowledge before asking your agent....

This post has been edited by yklooi: Jun 27 2019, 06:05 AM

grand mother story time of my life...

about 30 yrs ago,...being young and noob in many things....
I walked into the HQ of an insurance company
talked to the receptionist that I wanted to buy an insurance.
was then presented to one.
cannot recall what we talked, but ended up bought a policy with a 40k coverage for 1044 pa premium.
paid deligently for > 10 yrs, then since bank had some money, set it on auto payment mode for the next 19 yrs....

just last month, checked with them...the surrender value is 52k....that is the money that i can take back if i terminate the policy....now in the process of applying to get it

I got new loading and exclusion on my NEW policies upon buying new one....
1 company excluded it, the other put in loading for it.....

none, put in loading or amend exclusion on my existing policies with them...

kind to elaborate more on this?
wondering why my agents from 2 companies did not know about that....

was only told that I could write to have the exclusion/loading waived after some yrs.....

when apply new,...one must declare pre existing condition....thus exclusion/loading won't apply?

last time I was enticed to buy an insurance policy that "promised" that I can stop paying premium after 10 yrs, for the money inside will self generate money to pay for the premium.....

after 10 yrs, I asked the company...they said the money inside is not able to sustain the premium payment, thus I need to continue to pay.....extra 20 yrs later I am still paying....

I guess, it is high time BNM have some control over this sustainability of premium payment products...

while waiting for their responses,....do consider this.....
what you goona do while waiting for their responses...time is ticking....

do take note of the below 2 posts if you are interested....

if you are free, can check with your agent, if the next time you wanted to buy a new insurance plan....will they exclude that part of the body or put loading in it?

I did admission then do both gastroscopy n colonscopy without any surgery,...the condition of admission just faded away....
(discharging blood,...from bowel,....after that investigation, they found nothing abnormal)

claimed all the medical expenses....but years later whenever I wanted to buy new insurance plan,...they will excludes everything "sort of" related to intestines and parts in it

loading means additional cost if they wanted that parts to be insured ...they have the final says to excludes, loads or normal.

that existing insurance company and others too, when I need to declare past admission histories to them

is his retirement saving enough to sustain the added premium cost of this medical card?
if you are paying for it....will this cost be a burden to you?
is his health and past lifestyle healthy? any medical history> his family medical history?
will is his mode of moving around be more dangerous? ex. ride motorbike more than car?

do check it out in the mkts...
I was once shown 2 options in Sept 2018...
1 with a lower annual premium but the premium shown will be increase in relation to the age range grouping of about 5 yrs once.
the other was at a much higher premium but the premium did not increase ...was shown in the plan that it stays for 30 yrs. (maybe due to my age starts and expected end duration ha-ha)
reasons for the "fixed premium" was, as you pay higher premium now, the extra would be accumulated to cater for the increases of the cost of insurance in later years.....
go check it out with AIA regarding that.......

so you are literally locking in the premium paid now for the next few decades....

If i remembered correctly.....
The insured will continue to enjoy the insurance coverage as per the duration terms stated in the policy without having to pay for it.
I think this was the agent preach to me some years back...
I got to enjoy the tax relief and while my not yet schooling sons got to enjoy the coverage even i am gone.

I think it depends....do you have accumulated "bonus/cash value" sort of things inside?

if I just stopped paying my monthly premium for my PA and it will just lapse after 1 month.....that is according to my agent.....for my PA has nothing extra value accumulated in it
if you really wanted to cancel...better check if there is any accumulation in it...maybe can still get back some $$

insurance is you pay, they covers you....
you don't pay they don't cover you

unless you get loan from them without paying.....

what is the reason for "blacklist from the insurance company, or got negative impact on my ccris/ctos"