Hi guys.

I'm in abit of a dilemma right now, hope to get some assistance.

I'm currently insured by Allianz (for the past 2 years), through a friend who is an agent. I recently found out that he has stopped being an agent and true enough the agent's name in my statement is of someone elses.

My question is, would this matter in the long run i.e. difficulty in claims etc? Should I be concerned that I have no knowledge of this agent that serves me?

With that said, I am also actively looking for an insurance for my 2 year old child. I've noticed lymph nodes in the neck area is abit pronounced, but we've been to the doctors before and they are not too concerned with it which means there is no diagnosed if its an issue or not.

I've met with an agent recently and mentioned this to them. They advise me to disclose this information if I was to apply an insurance for my child. I find it nonsensical as doctors previously have not made a fuss of it and theres no diagnose as well. I worry by disclosing something that is entirely based on my feelings would jeopardize the coverage my child would get. Would appreciate on an advice for this as well.

Last one. Is it possible to find an agent that I could build a good rapport with. One that I could trust to service me and my family far into the future? Some that I've met scare me. Ya know the type, that asks for an IC copy and 2 months premium deposit at the end of the first discussion.

Thanks in advance 

Hi, all expert here.
I have a question regarding my insurance coverage and premium.

I'm 24 y/o this year, and I'm having a plan with GE with following coverage:

Sum assured for life + CI: RM500,000
Medical: RM150 (900k + 90k Annual limit / unlimited whole life)

Is it enough coverage for me? I'm approached by Allianz agent, and after the agent reviewing the policy, he tell me not enough coverage for medical, where he usually quote RM250 for his customers.
Previously my Sum assured was only 100k, and the first time he approached me, he claiming 100k is not enough. Hence, I upgraded my sum to 500k. Now he's claiming that my Medical (only RM150) is not enough.

So is my coverage enough? I'm paying RM250 per month for my premium. Is it cheap?

Thanks for your reply and glad to hear that.
One more question. With the same premium and same plan, my friend is only having 50k sum assured. How come the coverage different so much? It's x10 in different. I've compare everything in my policy with my friend, everything else is the same except the sum assured. Is there any chance where my friend can get a better coverage (at least 200k or 300k sum assured) without increasing the premium?
Both me and my friend are same age and I bought the policy 1 year earlier than my friend. This sound like a scam to me. Sorry if I offended anyone, but anyone care to explain how come there is huge difference in coverage?
Both me and my friend are not smoker / drinker and all healthy. Only different is I am a male and she is a female. Does that make a huge difference?

I told my friend to tell her agent, but her agent keep emphasizing that the policy won't sustain for long and the agent quoted my friend an upgraded policy, RM270++ with 300k sum assured. Feel like the agent is just trying to upsell as what you mentioned.

Thanks so much for the info!
BTW another question, but more on personal financing instead of insurance.
What's the recommended portion of insurance premium to my salary?
E.g.: If I'm earning 2k per month, what's the recommended amount that I spend on my insurance premium? Like maybe 10%?

may i know what's this? am i gg?

HI Sifus. I am very new to insurance. I have a policy (medical card + some riders) from HLA which was 10 years ago. I am paying about 2.5K annual premium. I noticed the annual limit 75K and lifietime limit 300K is very little by today's standard , and will be even lesser in 10 years time.

My Age now 44 , non smoker, work in office.

I was quoted 4200 annual premium from GE  consist of :
Medical card (90K annual limit, unlimited lifetime, )
Death or TPD 20K till age 99
Money matter (Estimate policy value at year 20 75K)
is this quote OK? or if there are any options that I could just top up abit to the same provider HLA to have a higher lifetime limit. and FYI i have lost contact of the agent so could not consult.

I'm 27 years old currently with a job paying 3.6k before deductions. my first job and just started working since Nov 2017

planning to get myself an insurance soon but not sure where to start

was approach by some Great Eastern agent previously and got offered medical + life combo for RM200 and 250  however I'm not sure if I should pay so much?

any sifu here pls advice

"Doctors told his family he had a month to live and recommended seeking treatment elsewhere, as the latest treatment was not available in the country.
The family from Selangor rushed to Singapore to seek a special treatment called chimeric antigen receptor (CAR) T-cell therapy. It involves using the body's own immune cells to recognise and attack malignant cells."
https://www.nst.com.my/news/nation/2019/05/...icken-msian-boy

Medical plans in Malaysia which only covers treatment in Singapore based on Malaysian Reasonable & Customary Charges, would have to cover such expenses for the case above?

I do know Allianz MediSafe Infinite Xtra covers treatment in Singapore based on Singapore Reasonable & Customary Charges. But there is a 10% co payment charges (depending on plan). I don't think any other medical plan in Malaysia offers the same features as Allianz above. Correct me if I'm wrong.

Edit: My bad, I forgot AIA Life Signature Beyond does offer overseas medical treatment (50% of coverage amount or up to RM1 million)..

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

Non-Drug Costs of CAR-T Cell Therapy

Non-drug expenses may be particularly burdensome to patients receiving chimeric antigen receptor (CAR)-T cell immunotherapy for cancer, according to a research letter published in JAMA Oncology.
While tisagenlecleucel and axicabtagene ciloleucel, 2 CAR-T immunotherapies that received US Food and Drug Administration (FDA) approval last year, are priced at $475,000 and $373,000, respectively, these costs do not include non-drug costs due to adverse events, leukapheresis, and lymphodepletion therapy. More than 40% of patients who receive CAR-T therapy may, for example, require intensive care for cytokine release syndrome (CRS).

https://www.cancertherapyadvisor.com/home/c...y-exceed-50000/

RM 1 million "IF" they cover it and "if" they provides "Guaranteed letter"....where got enough.

Hi Sifus,

Hope to leverage on some of your wisdom here

I'm a 26 y.o white collar this year and thinking of getting my first medical + Life insurance, reason being
1. Tax relief
2.  Securing lower premiums at my current younger age.
3. Well of course.. being insured.

However I'm concerned of its worth considering
1. I do have group medical (100k) and life (200k) benefits already
2. I intend to relocate eventually (not sure where) for work (career progression), and eventually retiring back in Malaysia after a couple of years.

Would love to hear your thoughts! Especially if you have an idea of what's a decent ILP should look like and what other consideration factors to take account.

I'm always skeptical with agents, recently even met one that said medical insurance is not covered in tax relief. I do not have anyone depending heavily on me with my parents living on their life savings but of course the 'ifs' are endless.

25 y.o.
No Dependent

Looking for Insurance Plan with:
36 CI ~ RM200k (Normally come with life with the same sum assured right?)
TPD ~ RM50k/year till age 70 (Is there a plan that provide the following coverage?)
Partial PD/PA ~ 500k
Medical Card/H&S

To replace my current insurance plan (investment linked) with a premium of 3.6k/year that covers:
100k Death
100k CI
100k Early CI
200 Medical (1.2M Annual limit)
200 R&B (1.2M Annual Limit)
Premium Fee Waiver

Thanks!

Need some advices here.

Im currently 27. Planning on getting married and buying a house within the next 2 years. My savings are able to cover 60 months of my monthly expenses.

I have been considering about getting a life and accident insurance just in case anything happens to me. A friend of mine who works as an insurance agent quoted me RM664 per month for a sum insured of 1.1m for life, 500k for illness, around 200k for accident, and a medical card of 1.2m per year.

I had a discussion with my gf and she thinks that it is not necessary to insure that much when im still young. Im in a dilemma about this because I see it as an important thing to ensure that either my parents or future wife have sufficient amount of money to support themselves if anything happens to me, but my gf thinks that I shouldn’t be spending so much on insurance at this young age.

Would anybody mind giving me some opinions please?

For a 20y/o+ starter into medical insurance, which one should go for with sufficient coverage for treatment nowadays?
Besides, buying directly with insurance provider (whether online or over the phone) will cheaper by how much than buying from an agent? What are the drawback other than level of support?

Yup.. That is y prudential agent told me there is a range from 80 to 85 depends on the economy! If the economy is good then maybe cash value can last 88 or 89...inside their apps got this range! But AIA apps dun show this range.. Just straight said until 100 yrs old! I would like to choose AIA if can last until 100 yrs old lo

To quote my previous comment above again:

I've been looking around at different medical plans from various insurance companies but have narrowed down to a few plans which at least cover medical treatment in Singapore/overseas. This is just a precautionary measure as I would still get treatment in Malaysia first and if something does happen down the line where an advanced treatment is only available in Singapore and not in Malaysia.

1) Allianz Medisafe Infinite Xtra (ILP Medical plan)

Pros:
- Covers medical treatment in Singapore based on Reasonable & Customary Charges in Singapore
- No lifetime limit for treatment in Singapore (?)

Cons:
- Co-payment charges of 10% if the total claim per year exceeds a certain amount. Look below:
- "Limit" of RM125k for Plan250 (to not incur co-payment charges) might be little?
i think it is reasonable, if want the "limit" to be higher, then get better plan. think it another way round, you only bear the 10% of medical expenses incurred.


https://www.allianz.com.my/documents/144671...f6-030d918adee7
_______________________________________________________________________________________________
2) Prudential PRU Medic Overseas (rider)

Pros:
- Seek treatment in Singapore, China and Hong Kong
- No co-payment charges

Cons:
- Limited coverage of only 5 illnesses (Surgery related to cancer, Neurosurgery, Coronary artery bypass surgery, Heart valve surgery, Organ transplant - kidney, lung, liver, heart, pancreas  or bone marrow transplant).
- There is a lifetime limit of RM4 million for PMO Platinum
- Low annual limit of RM400k, but still more than Allianz.

https://www.prudential.com.my/export/sites/...verseas_Eng.pdf
________________________________________________________________________________________________
3) AIA Life Signature Beyond (Life insurance with CI treatment overseas)

Pros
- Medical treatment in any country in the world??
- No co-payment charges



Cons
- The limit depends on the coverage and any claim reduces the "account value" - Basically, a portion of the life insurance coverage will be used for CI treatment
- What does this "only the first critical illness claim is covered" mean?
say diagnosed the first CI, then the overseas treatment is applicable. if diagnosed another CI in the future, no more overseas treatment benefit anymore


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

Appreciate inputs from the sifus here

What's the coverage differences (pros and cons) for life insurance plan above?
Let's say sum assured 500k, how much is the yearly premium for each of the plan?

They have separate plan for PA. This plan is for Death/TPD, and can be customized to include critical illness if the applicant wishes.

Refer to link below, can try get quotation and seems like can straight away apply. A bit weird as application usually will require proper medical check up right?

https://online.takaful-malaysia.com.my/term-myClickTerm

Greeting. Need a favour here.

Would like to ask about waiver of premium. Been googled and reading about it, how i still dont have much understanding in it.

"A waiver of premium is a provision that allows the insured not to pay premiums during a period of disability that has lasted for a particular length of time. ... Under the waiver of premium provision, the insurance carrier will waive premium payments for you after you have been totally disabled for at least six months."

What is the pros and cons of having waiver of premium?
Please explain to me in lay man term.

Many thanks.

Any GE agents here? I have a policy for my mother in law that expires at the age of 70. She's now 60. I'm looking for options to see if I can upgrade to 100 years old.

Hi sifus,

Sorry for the long post-

I'm new to insurance and I'm looking to get my first policy and been researching around:

Basic background, 24yo female, single, office job

1. Currently focusing on medical with higher coverage as main concern as medical costs are increasing day by day.
can get a medical plan that increases it R&B and annual limit overtime. this allays your main concern.

2. From what I understand, life is compulsory in all ILP plans so is it OK if I just get the minimum sum assured to stretch my ringgit? Is it necessary to get like 50k as per initial quotes by the agents(premiums of rm250/month)? Or maybe I can purchase separately in the future?
you can ask agent to quote you the minimal and top up in that same plan in the future.

3. Is it necessary/important for me to get CI? I understand that it is to act as income replacement, if the amount is like 50k, I would probably have savings around that amount too, not sure whether I need this rider? Or I can purchase a standalone for higher coverage in the future?
perhaps say you want to prepare a buffer of cash of 4 to 5 years for transition/recuperation period, what is the amount you need. then contra that amount with the current savings you have. then that is the amount you need for CI in the insurance policy

4. ILP are structured that cash value compensates the high COI in the future right? So if now I pay a larger portion of premium with less riders and more allocation into the fund, the higher acc value will sustain longer and I'm less likely to receive letter for topup next time?  My dad's family history has long age and healthy, so I'm looking to cover up to at least 80 yo.
yes you are right. whatever quotation you got now from the agent, just check the policy sustainability age. Like what you prefer, normally i will recommend for policy to sustain to 80 years old. Your goal should be pay the least possible to get the coverage you need the most then whatever balance of cashflow you have, invest it for other purposes.

5. Had a comparison with all big 3 agents which I have tweaked a little to exclude the CI first, budget is around rm150-200:
Prudential-rm160 annual 1.38m coverage deductible 300, life/tpd 20k, Ci 20k, sustainability 64-72yo
GE-rm180, 50k life/tpd, 50k CI, coverage 90+900k no deductible (why separate?), sustainability 99 yo
AIA-rm186, life/tpd 10k, coverage 1.5m deductible 300, sustainability 100 yo
among the 3 you stated here, i recommend you to take Prudential one. Reason being is the 200 R&B. of course if possible, see whether you can top up a bit to the Prudential plan and increase the Life/CI (depends how much you need).


Appreciate if anyone could give some advice for my case.. Not sure whether I'm on the right track or I'm just cutting everything off to get the possible lowest premium lol...

Now on to my dad and sis... Haha...

My dad is looking to upgrade his plan, 57yo, however he is pilot which is class 4 occupation quoted by all agents.
Current standalone plan is coverage 90k, 2k+/year, which will definitely increase up to 8k-10k+ in future.

He wants to get a medical card similar to mine, any ways to play around so he can get a lower quote? He has company insurance which is unlimited coverage currently and he wants to utilise personal insurance after retirement only. Health is definitely no problem also as their industry have very vigorous checkups half yearly and his family history is like very long age.
to purchase a plan for him now will cost around 8.2k or so. after he retires, then only change his occupation class. asides the standalone plan, what other life insurance that he has?

For my sister, 19yo student, my mom intends to purchase a same medical as mine for her, however the concern is few years back then they went to KPJ for an xray because my sister's spine abit "senget", the doctor said 15 degrees and didn't suggest any treatment etc, just said 2yrs later can do a follow up which my sis nvr went back.. If want to buy now, need to declare? What are the risks? One agent suggested not to declare as it is small case only normal check up and if declare, they will definitely exclude spine related problems.  My mom's concern is later if insurance company find out and reject her claims next time then my sis will not have insurance for the rest of her life..
recommend to declare with supporting documents *hoping* insurance companies accept with no exclusion

Appreciate the response on this long winded post..

Sorry and Thank you so much!

May I know how much is the premium of pure medical insurance (no ILP) for Male, 34 y/o, non smoker, annual limit 200k-300k, no lifetime limit.

Under AIA,
Life 6000
R&B 300
Deductible 300
AIA Vitality 10

Per month premium is RM171

Age: 23, Non-smoker

Sounds about right?

Hi Sifus,

I have an old insurance, where the payor is my parent.

I wonder do we have to do a transfer to order for tax relief for myself?

Thanks,

I have the premium statement pdf, which insured people is my name, only the billing address belongs to my father, I wonder if this proof is enough for tax relief. I'm using AIA

Same as you, but my father has fully claimed the tax relief using other insurances. Since this is extra, I wonder if I'm able to use it for myself.

Hey guys, how come today when i went to pay for my health insurance, when the counter lady key in my name she quoted me i had to pay my old price before the recent 20%++ price hack? But after she counted the money and look at the notice payment slip i handle over to her, she looked confuse then after awhile only she realize i need to pay the new amount after the 20%++ price hike.

This make me wonder if i didn't so fast hand her my money and payment notice, i would have only had to pay my old amount before the 20% price hike which would save me rm220. WTA is that price hike effect everyone or maybe those old customers with clean records don't get the 20% price hike??? Bcs from what i saw just now in the system my name i only had to pay the old price but when the lady cashier counted my money and saw my payment notice then only she altered something?zzz

hi sifus....need some advise...i been with prudential since 2000 (minimal plan)...now I am reviewing and been advised for a new plan (1M) with deductible plan 20K since my earlier plan can cover that amount but up to age 70. I am also being quoted prulink asia managed fund (AMF). age now 46 non-smoker

Is deductible plan ok?
is AMF fund good in performance?

Ya , first 1 or 2 month back I received the letter saying they have to increase the price of my package due to current times. Then few days ago I received the yearly payment notice letter which in it already have the new increased priced. But yesterday when I went over to pay at the insurance office the lady after keying my name into the system at fist quoted me the figure I have to pay was my old before price increase amount. But by that time I already handed over my money, only after awhile she changed something in the system. Didn't ask her anything bcs just by looking at her bad mood/rude face I know I wouldn't get a proper answers out from her.

I got a medical card with Allianz (umsir200) but it comes with an exception- Ovarian Cyst (that's what they wrote in the policy). So earlier this year, I tried to use the card for uterine fibroid operations, but it was rejected. Lucky I got company insurance to cover for the operation.

Now I got a bit worry. If they don't cover Ovarian Cyst, does that mean they don't cover uterine fibroids? Because for me, ovary is different organ from uterus although they are part of reproductive system. Does that mean my whole reproductive system won't be cover by the medical card? What happen if the worst thing happens and I got cancer in one of those organs (ovary, uterus, cervix). Does that mean they won't cover it too?

Talked with customer service before I submit I give the card details to the hospital, and you know la their answer- they couldn't give an actual answer and just advise to submit the application to them. I wish they could properly listed down the exception in the policy rather than just give me two words like that.

Hi guys, can you recommend me a life insurance.

I already have some choice, just want to compare and other better option.

thx.