Not only difference in premium, benefit quite different too...

Same policy but different benefits?

Can I ask about motor insurance here? Since what I am seeing here has been mostly medical

Will try to assist you to my knowledge

My insurance renewal is coming soon and my current insurer is Allianz.

They have given me two quotes, one on market value and the other on agreed value. Apparently the rebate is only given to the one with market value insured rather than the one with agreed value. Which to me I am still debating because I would have thought that directly renewing through Allianz has a rebate discount than rather through my agent. But the quote of the one given by my agent is exactly the same as the one given by Allianz for agreed value. Or maybe I should look towards another insurer perhaps?

It's always best to insure base on market value so that your claims won't get pro rated as compared to agreed value.

As for Allianz I have yet to come across buying it directly via their website to get any rebate. Maybe need to update myself later haha

As for the rebate only given to market value and not to the agreed value, first time I heard about such thing. Perhaps you can get him to pass you the quote summary? There should be rebate given whether it's market or agreed value

If it's the same policy/product then of course it will be the same benefit so you need to confirm that it is the same policy.

Best,
Jiansheng

There was a breakdown of the quote for market value and agreed value, the strange part is that the agreed value quote seems to cover more than the market value quote. Plus the market value quote has risk access in it compared to the agreed quote.

usually 30 days from due date.

in general, both MLTA MRTA are life insurance product. for your case now, you just have to try to apply and see which insurance company accept your case. the least also maybe can cover death benefit (maybe only ya, subject to insurance company) though chances can be very low.

yes subject to underwriting also. just proceed whatever insurance company you can to try.

healthy coverage? can look into medical insurance and also life insurance to settle outstanding debts (loans and mortgages) upon death if any, funeral expenses, long term disability care for permanent disability and short term disability care for critical illness/temporary disabled.

assuming the medical insurance benefits are similar, buying directly from the company might save around minimum 10% to maybe around 20% or so.

I do not understand what you mean by pro-rated if using agreed value. My car is new and only a year old so would it not be recommended to go for agreed value?

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

Ah sorry mixed up on the market value & agreed value.

Yes if you're going with agreed value then on a claim, you get to entitle 100%, however if based on the market value, it would be pro-rated due to depreciation.

As for whether to go agreed or market value, it's based on your budget, if you can afford it, go for agreed value.

1. Should you be concern about the new agent ? that depends if you need an agent to service you when it comes to claim, or would he just call you to sell you more insurance and don't really bother much. On whether an agent is doing a good job is very subjective to different individual. Depends on your luck.

As for claims, since you're dealing with the company directly and not with the agent, the agents are just there to assist you. Of course, you may lose out on getting proper insurance advise.

2. Best to declare and get it examined by the panel doctor

3. Well you can take your time to talk 1 by 1 until you feel like it.

Hi Guys,

would like to ask some opinion. I am age 30, non smoker and drinker. but i am a Hep B carrier. I only takaful life insurance 200k sum insured . previously my only medical insurance that i have is from company medical insurance.

since now i just have kids and i get to know the importance on medical insurance i started to look into this area. Recently AIA have road show in company for AHM. from your opinion do you guys think is AHM ok? or i should go for normal Insurance.

for now after deducting my commitment i left 700 as saving.

if you're on a real tight budget then AHM is good. Just bear in mind of the high deductible

Anybody here got experience/review about comprehensive car insurance insurers?

The appointment letter should have stated the agent's contact number. Give him a call/text to arrange a meet up.

Disclose the condition. Better to get a rejection upfront then when you need the insurance the most.

There are agents out there that are sales oriented and there are the ones that are service oriented. Depends on your luck who you run into really.

As for the IC and 2 months premium, I suppose he tried to "Assume close". But do note that if you are making an application, they will need your IC and it is industry standard to collect 2 months premium during application.

Best,
Jiansheng

This post has been edited by Holocene: Mar 20 2019, 09:57 PM

difficulty in claims - it is also better to know in case you can't reach your agent, what need to be done. of course best is, contact the appointed agent so that you know who the agent is. at least you know the newly appointed agent is reachable.

for your child lymph node case - i myself have lymph node around the neck area (from left to right). in this case, upon insurance application, you have to declare but since nothing is done, insurance company might exclude certain illness. unless surgery is done to remove lymph node and with medical test on the node that it is no major issue, then it will be fine. my case is lymph node is removed and it is just a bacteria infection, so there is no exclusion for my medical card. so for your case, best to declare upon application and see what is the underwriting result from the company.

Need advise to buy medical, CI ILP. Currently 37yo. Non smoker. Looking for higher annual limit and unlimited lifetime limit, 250r&b, cover until 90yo, premium is sustainable until older age.

Any good package to intro?

There are no set packages as you can tailor make the sum assured to your needs. For that you need to be in touch with an insurance agent to find out what you need and your options.

There are several active agents on this thread representing the following companies in this thread:
- AIA (lifebalance, JIUHWEI)
- Allianz (Yours truly)
- Great Eastern (ckdenion)
- Prudential (roystevenung)

Best,
Jiansheng

This post has been edited by Holocene: Mar 20 2019, 10:15 PM

macam hilang liao owh