Wholelife insurance is different with medical.

Wholelife - Only claim once died and amount is fixed in the first place, so no problem for insurance to stay the same. You only died once...

Medical - Everytime got medical treatment, can claim, and may become more due to inflation in medical cost.

noted with thks

Oh.. so there is no whole life medical card la.

Yes, there isn't. Medical card is medical card, whole lift plan are able to claim once only. Therefore, you need to know which one you really want. Your agent should have explain to you properly of everything.

if got whole life medical card I think it will sell like hot cake

I think it is best to clear the air here.
The jargons here might be confusing.

Usually when we see "Whole Life" in an insurance context, it refers to a Life insurance policy that has a coverage for us, like the term mentioned, for our entire life.
In this region of the world, it means to age 100.
So if a Life insurance product tells you that it covers to age 100, then we may refer to the product as a "Whole Life" insurance policy.

On the other hand, almost nobody would use the term "Whole Life" in the context of a medical insurance policy.
However, most medical insurance plans in Malaysia now covers to age 100.
In essence, yes, we can understand it as a "Whole Life" policy too.

My leader is also my sifu.

What's up?

Anyone have Ammetlife agent intro in Penang? Interest is medical card..

contact 03-2271 8000 AmMetLife directly and they'll get someone to call you

interest on AIA or Allianz medical card, still comparing between these 2. Any Agent recommendation at KL?

This post has been edited by xinzaii: Apr 25 2019, 12:49 PM

Need insuran suggestion for my 8months baby, currently with alianz 195 per month. I feel not worth it compared to my etiqa benefits.
Should i change?
Current cover 80k a year, no limit lifetime
Room only 150 which i think not enough
Also the saving/investment is not transparent enough

What’s not worth ?

Need to establish the main purpose of the insurance plan.

Feel like overpriced. Lower benefits compared to my etiqa. The only better is unlimited lifetime, mine is only 600k

Since you are in this whole life topic, can I ask if whole life consider pre-existing condition since its life? Its abt death right?

Depends on what kind of pre existing illness, if it has risk of causing death earlier then it will be rejected as well.

Hi,

Understand your concern but do you mind sharing the medical card name?

I'm not aware of Allianz having a medical card with an annual limit of RM80k and with no lifetime limit 🤔🤔🤔

Best,
Jiansheng

Hi everyone,

I have quoted by AIA insurance agent with below quotation. Do you think this is a good medical plan? My concern is about the premium cost and sustainability.

At what stage we should consider to top-up the premium?

Age:37, non-smoker, Female, Class1.

R&B: 200
Life: 100K
TPD:100K
CI: 50K
Premium waiver
with Deductible 300
Annual limit: 1.5M
Lifetime: No limit

Sustainability is range between 61 - 64 yo based on projected X & Y.

Premium is 2800 per annual.

Appreciate all your valuable advice.

This post has been edited by bengyson: Apr 29 2019, 11:14 AM

At what point you need to do a top up, that will be unknown as the cost is unpredictable.

Since you've opted for a low premium contribution with high coverage, be prepared for the policy to top up very soon by the insurance company.

Sounds good now, wait till later

sustainability from 37 to 60+ yrs ...that is abt 25yrs...
at inflation rate of medical cost ....
do you think these rate
R&B: 200
Life: 100K
TPD:100K
CI: 50K

can provides enough for a hospital stays when having critical illness during the time of needs 20 yrs from now?

Lets say i dont wanna buy ILP insurance ... just wanna buy term medical card ...
the logic is lets say 18years old premium is 1k, as it increase with age, 30 years old mayb around 2k, 40 years old 3-4k , 50-60 years old 4-5k and so on.

Can I say that actually the myth of buy insurance when you're young (cheaper) is misleading ? Since that no matter when you buy, the price structure is there. The only thing buy younger is to cover any illness that happen when youre young.

Lets say a person A have this disease at age 40, whats the different if that person bought the medical card ;
1) When he/she around 18years old
2) when he/she around 38years old
3) When he/she around 42 years old

Can this be summarized that option 3 not a good option coz insurance will no longer cover the "existing disease", whereas option 2 is the best here ? option 1 is covered but based on this scenario is bought when too young ? am i rite ?