1. You may still check with AIA to see if there is any cash remaining in there. Otherwise it's been used up and the policy will be terminated.

thanks for sharing



ok. will try soon

Walk in to AIA customer service

Find the nearest location here :
https://www.aia.com.my/en/help-support/locate-us.html

With policy holder's IC check at front desk, they will list out all the policy (if any) with a 12 inch iPad.

-removed-

This post has been edited by RigerZ: Feb 15 2020, 03:50 PM

If he had not received any annual statements from AIA last few years, very likely the policy was terminated. But no harm checking with the branch office on the status.

Dear all Insurance Experts,

Currently I only have CI of RM50k which attached with my medical card under ILP with AIA. I have plan to increase my CI coverage to RM500k with budget around 500-600 per month. I have obtained quotations from AIA and GE and doing some comparison on cost of insurance. Can all the sifus advise which insurance i shall obtained? Other than cost of insurance, what other factors shall in consider.
I am familiar with both agents

The insurance cost and accounts value are summaried as per below:

1. AIA- ALWC-up to age 70; Pay RM6,588 p.a. till death (can auto renew up to 99)

Age-- No-- Basic -- Rider -- Total
35-- 1 -- 798 -- 851 -- 1,649
36-- 2 -- 795 -- 934 -- 1,729
37-- 3 -- 795 -- 986 -- 1,781
38-- 4 -- 787 -- 1,094 -- 1,881
39-- 5 -- 782 -- 1,206 -- 1,988
40-- 6 -- 777 -- 1,344 -- 2,121
41-- 7 -- 771 -- 1,490 -- 2,261
42-- 8 -- 765 -- 1,647 -- 2,412
43-- 9 -- 759 -- 1,828 -- 2,587
44-- 10 -- 756 -- 2,006 -- 2,762
49-- 15 -- 1,101 -- 3,031 -- 4,132
54-- 20 -- 1,720 -- 3,889 -- 5,609
64-- 30 -- 4,869 -- 6,907 -- 11,776
Total cost 42,688



Account value 0 -- 176,400
Death benefit 0 -- 526,900



2. AIA- A Life Link 2-up to age 70; Pay RM6,000 p.a. till death (can auto renew up to age 99)

Age No Basic Rider Total
35-- 1 -- 795 -- 420 -- 1,215
36-- 2 -- 795 -- 460 -- 1,255
37-- 3 -- 795 -- 495 -- 1,290
38-- 4 -- 795 -- 530 -- 1,325
39-- 5 -- 795 -- 575 -- 1,370
40-- 6 -- 795 -- 635 -- 1,430
41-- 7 -- 795 -- 705 -- 1,500
42-- 8 -- 795 -- 805 -- 1,600
43-- 9 -- 795 -- 930 -- 1,725
44-- 10 -- 815 -- 1,070 -- 1,885
49-- 15 -- 1,515 -- 1,965 -- 3,480
54-- 20 -- 2,410 -- 2,565 -- 4,975
64-- 30 -- 6,575 -- 4,060 -- 10,635
Total cost 33,685



Account value -- 39,900 -- 88,900
Death benefit -- 639,900 -- 688,900

[B]
3. GE- SPLM-up to age 99; Pay RM7,800 p.a. for 20 yrs[/B]

Age No Basic Rider Total
35-- 1 -- 467 -- 662 -- 1,129
36-- 2 -- 464 -- 772 -- 1,236
37-- 3 -- 461 -- 893 -- 1,354
38-- 4 -- 457 -- 1,032 -- 1,489
39-- 5 -- 452 -- 1,162 -- 1,614
40-- 6 -- 485 -- 1,324 -- 1,809
41-- 7 -- 513 -- 1,491 -- 2,004
42-- 8 -- 546 -- 1,668 -- 2,214
43-- 9 -- 585 -- 1,879 -- 2,464
44-- 10 -- 632 -- 2,098 -- 2,730
49-- 15 -- 1,046 -- 2,921 -- 3,967
54-- 20 -- 1,720 -- 3,387 -- 5,107
64-- 30 -- 4,855 -- 5,525 -- 10,380
Total cost 37,497



Account value -- - -- 3,403
Death benefit -- - -- 650,000

hi beyinbe, yea it is considered as pre-existing. so have to disclose whenever apply new policy.

hi propertymart, before going to AIA branch, you can try AIA Customer Portal to check on your dad's policy details. Can't really answer you here as we aren't sure what type of policy it is - Traditional or ILP?

hi YSLAM85, all the plans stated above have 500k CI payout benefit? if yes, i will personally recommend you to get the GE one (if cash flow is not a problem), reason being is after retirement, highly likely you won't wanna have insurance commitment anymore. My opinion has no right or wrong, just depends on how you wanna plan out this.

Hello peps,

If i were to buy GE ILP insurance, which fund do to choose?
I am 24 years old, office worker. Proposal only has immediate 5 years performance, although past performance is no indicator of future performance but i still can't see what is the best option?

100% balanced? or
50% balanced and 50% fixed?
40% fixed, other equities fund all 10%?

Yes, all have RM500k with waiver of premium.
Normally what shall we look at when making comparison of insurance as this will be a commitment for me for very long term so want to ensure I pick the right fund
Thanks for replying ya

Can insurance company close shop? (small one)

What will happen if you have life insurance policy with them?

Very detailed. Go with the lower cost if that is your analysis.

As you said investment is based on risk factor so if you are a person who can't stand losing money then take a lower risk fund

Benefit of the policy with the same premium that you are paying

Similar as how you compare buying other products. By paying the same premium, will you get better or higher payout?

It will be bought over by another insurance company who will take over the previous portfolio.

Double post

This post has been edited by lifebalance: Feb 16 2020, 08:25 PM

So basically it's safe to buy insurance even from not so famous company? It wont burn or anything if something happen

I wonder, is the Insurance Agent that keep spamming Facebook page and promoting insurance package can be trusted?

I feel like they are so desperate in getting sales from new customers.

Are they REALLY SERIOUS in assisting us when one of their customers are suddenly hospitalised due to health problems? or just dump us when they get the sales? I don't know, I've been observing this thing for so long.

I see AIA and Prudential Agent always doing this thing in Facebook

This post has been edited by cringe: Feb 16 2020, 10:07 PM

Hi kimi, I can send you GE's past performance since inception. for your case, how many riders are there in your ILP plan? also if can, try not to expect return from ILP plans if your intention is for insurance (to cover certain financial risk). In general, GE's fixed income fund and balanced fund is performing well compared to its other funds.

hi YSLAM85, (I'm assuming you are 35 this year?) if this is something long term (more than 10 years), you have can opt for higher risk fund or balanced fund since there is allowable time frame. of course in this basis, since it is more for insurance purpose, the "return" in this plan will not be as much compared to pure unit trust fund investment.

hi MohdPuskas, i guess so long you buy company that is established more than 50 years in Malaysia, you do not need to worry much about that.

hi cringe, no doubt most insurance agents need sales to survive. Putting ads in FB is just one of the ways to generate leads. So yea, not an easy industry. good thing is you get to choose the agent that you are comfortable with the most and the one that you trust the most.

Each product comes with different benefits that may not be available in other products. Some of these benefits are already built-into the basic insurance cost, whereas some can be attached as a rider. You may want to consider those benefits too in addition to the basic cost of insurance. As you will be committed for long duration, consider what other life style or life changing events or risks that you may want to manage or protect.

Have you done a risk profile? That would give some indication what your risk tolerance will be and guidance what asset allocation ( equity/bond/balanced fund) would be suitable for you. You can vary the allocation for a higher or lower risk. But given your young age and likely that you will be making monthly premium payment for a long term, you may want to consider a higher risk funds. But do keep an eye on the performance of the market your funds are invested.

Insurance is a regulated industry. Insurance companies ( big or small) can't lock their doors and just walk away. Thus far in Malaysia, insurance companies taken over by others have continued to service the older policies. I have not yet read an instance where customers have lost out by insurer/s discontinuing business here. Other senior forumers may have some additional info to share.

For young age like you my team always choose 50% Lion Fixed Income Fund 50% Lion Enhanced Equity Fund

The quotation will show fund past performance for the at least 8 - 9 years.
You may ask your agent to retrieve fund performance report in their epartner portal. This will show since Inception Date



For business nowadays, we got bank negara & PIDM taking care.

From my parents experience this happened a lot old day by taking over. This affect their investment / saving policy.

You got to study the company history. How long the company "establish" IN Malaysia.
Study their annual report for business performance.

One of the main different within insurance company is the insurance cost. Especially when you are aging.

it's really like saying "A brand is advertising a lot everywhere, can it be trusted?"

in the case of insurance, why not talk to the agent and find out if he/she is the right agent for you.

thanks, wanna ask one more thing, for pre-existing condition, my understanding is that it's either 1) exclude compensation for said condition, or 2) loading to cover said condition

it won't be both exclude + loading? coz their letter states loading + exclusion

Dear Sifus,


For AIA, my agent has revised the quotation to RM650 per month, payment term 20 yrs and insured up to 70 yrs but with option of extension up to 99 yrs old. The cost of insurance is guarantted.
While for GE, cost of insurance is not fixed. Monthly premium is RM650, payment term 20 yrs and insured up to 100 yrs.

Which one will you choose? Cost of insurance guaranteed but with shorter insured period (AIA), or cost of insurance not guaranteed but with longer insured period (GE)?