RM250~360.
30 this year (August)
Non Smoker
Gender-Fluid (Legally a guy).
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This post has been edited by Leo the Lion: Jan 27 2019, 03:27 PM

since you're from AIA,

for someone who is single, 40-60k annual, no commitment yet,

Will the A-plus health suffice or should I do a med+life insurance?

ie. A life signature beyond + a plus health etc

No idea how all these works.

Thank you in advance

This post has been edited by eddydo: Jan 27 2019, 06:53 PM

you can consider PRUmillion med.

if not mistaken, that is a IL HealthProtector. if your concern is only the medical card, you can consider taking up the RM990k annual limit with no lifetime limit.

A-Plus Health is the latest AIA medical card which definitely can cover your needs. only for life insurance you have to discuss with agent whether how much you need then only come out with a plan.

Don't think it's a IL HealthProtector as it have a higher lifetime limit of 450k compared to mine @ 150k.

It's called great protectlink insurance.


the 990k you're referring to is from GE?

This post has been edited by eddydo: Jan 27 2019, 07:57 PM

owh wow that is even older than the HealthProtector. yea its from GE too. but your IL policy is too old to do upgrade. anyhow if want the new medical benefit have to get new policy already.

Alright let me get back to you as my software is facing some issue

A person earning 40k - 60k annually, should cover at least 5x to 10x of their income, in this case 200k - 600k.

That being said, it also depends on the individual’s commitment, if they have commitment that is over 50k/yr (not including savings), which means this person would have surplus of 10k to do other things which includes buying insurance or investment.

For starters I would get a medical card first in this case A Plus Health and the balance to get as life insurance

Seems like a very old policy to still have lifetime limit. Probably it’s best to review the existing coverage ?

Probably the medical bills.

Yeah this is the general... all insurance provider offer similar what distinguish among the insurance provider?

Sad to say there is nothing much to distinguish, insurance is still an insurance, it's akin to saying "Can an Apple tree grow an orange?"

Get what you need to cover yourself

Actually it all depends on what your needs are and the plan that you and your insurance agent come up with. With the rapid changing in the insurance industry partly due to competition and also Bank Negara's encouragement we do see quite a bit of difference between Companies' offering.

The following are some of the differences (the list is not exhaustive)

Life/TPD:
- Investment linked or non-investment linked
- Payout: Sum assured + cash value or Sum assured or cash value, whichever is higher

Medical card
- With XXX annual limit and no lifetime limit or with XXX lifetime limit only

Critical illness coverage
- 36 CI or 70 CI or 157 + 7 CI
- Survival period: 7 days or 30 days
- Coverage: Until 90 years old or 100 years old

The best case scenario for you is to arrange a day, meet 2 - 3 agents from different insurance companies and get them to formulate an insurance plan to manage your life risk. You may then choose the best proposal.

Remember, the best insurance plan is the one that is currently actively protecting you. So my advise is, don't wait.

Best,
Jiansheng

This post has been edited by Holocene: Jan 28 2019, 02:47 PM

what is the difference between regular premium vs single premium?

Is it better to pay within 5/10/20 years or till the end of coverage? (i.e., 80years)

Just met an AIA agent,
two plans drafted
A Life signature beyond
A Life Link 2+ a plus health

any inputs are welcome!

while waiting for the real insurance sifus to response....
may I kaypoh abit.

on 1) ...try read this....

premium and investement linked insurance
https://www.liam.org.my/index.php/library/c...w-sunday-times-

on 2).....if i am not mistaken, if the premium can be paid till end of coverage (i.e 80 yrs)....then the premium to be paid would be alot lower then those to be paid only till 5/10/20 yrs...and also most probably the end value payable to you upon maturity would be different too.....thus depending on your financial commitments and aspirations for your loved ones.

on 3 & 4) .....are both investment linked insurance plans....there are also non investment linked plans in the markets...have you checked them too?

read post 230 (just 2 posts up) and its advise....

This post has been edited by MUM: Jan 29 2019, 09:31 AM

Single premium is a one time payment like MRTAs where it's paid in 1 lump sum upfront.

Regular premium is where you paid on a regular monthly / quarterly / semi annually / annually to your insurance premium such as an investment link or a traditional policy.

On the payment term whether a shorter or longer tenure is applicable for you depends on your objective of the coverage and your personal finance planning. If a shorter term is more suitable for you and you have a lot of cash flow, then it's not an issue to quickly paid off the policy so you can own a policy that is fully paid. However if cash flow is an issue then perhaps you can resolve to pay it over a longer term period.

A-Life Signature Beyond will be for different purpose of yours like debt cancellation or permanent disability care.

A-Life Link 2 with A-Plus Health is mainly for medical card benefit with the extra perks in it and also for income replacement for covered CI and also a certain portion of life insurance.

If those are your concerns, yea those plans are suitable for you.

Hi. I applied for PruBSN Anugerah Plus insurance on 30/1.

Receive email on 31/1 from prudential on the confirmation.

Agent say the coverage start 1 february.

But he said my february contribution is free. Will only deduct from credit card march onwards.

However he say need to pay application fee one time which is equivalent to my monthly contribution. Is this true? Need transfer to his personal account as he paid the fee upfront for me yesterday upon registration.

This post has been edited by cucikaki: Feb 1 2019, 09:20 AM

Request for a receipt of the said payment made, he will have a receipt from PruBSN.

Best,
Jiansheng

There is no such thing as free insurance, he must have either paid it for you to get the policy inforced.

Make sure you get him to issue you the receipt of the payment made.

Ya, he did pass me the insurance receipt for RM200 payment. He paid in advance. (Just that the receipt has no indication that the payment is for registration or monthly premium for feb)

However, for february, i need to pay rm200 (registration/application fee) + rm200 (monthly premium).

He said monthly premium will be covered by him for february, but i need to pay registration/application fee. Is there such thing?

My family members were under great eastern, and they never encountered such thing as application fee.

You mentioned that you received a confirmation email on 31/1/2019, what does the email say?

For an insurance policy to be issued/confirmed, premiums have to be paid first (cash before cover). If the policy has been issued/confirmed, then your agent might have paid the January premium for you.

Ask for the "registration fee" receipt. No receipt no pay. Easy.

Best,
Jiansheng

Anyone here applied medical insurance through online?

I saw Manulife is selling their medical card through online. I'm quite interested actually to apply for the medical card when I read the way we need to make claims if we admitted to the hospital.

AXA Insurance also doing the same.

https://www.manulifenow.com.my/Claims.aspx

https://www.manulifenow.com.my/ManuEZMed.aspx

This post has been edited by cringe: Feb 1 2019, 06:59 PM