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?

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.

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

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?

macam hilang liao owh

My car just got knocked from behind by a motorcyclist. As a result I lost my NCB by claiming repairs. My car is about 15 years old and an insurable value of RM25,000 and my insurance renewal is just around the corner.

I used to insure 1st party. Can I change to 3rd party insurance to save cost as I no longer have NCB. After 5 years I switch back to 1st party when I have a good driving track record. Can this be done?

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?

for what you're paying right now with the benefit you're getting. It's very good already.

Don't listen to that Allianz agent, trying to upsell you all the way. Not the agent that I would engage myself.

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?

that's because that agent didn't utilize much of the premium to buy more into a higher coverage, which means there is some extra slack set aside within the policy which goes to the saving portion.

You can ask the agent to increase the coverage within the same policy if it's an investment link policy. There shouldn't be any increase in premium unless the agent trying to upsell you also haha.

#Honestinsuranceagent

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.

well you can always get the agent to quote until what is maximum for 250/mth and see if it's reasonable for for your friend to upgrade it.

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.: I'm earning 2k per month, what's the recommended amount that I spend on my insurance premium? Like maybe 10%?

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?

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.

Looks pretty standard for someone at your age.

You can always contact HLA to find out who is your servicing agent and they will give you the person in charge of your policy