QUOTE(kimi0148 @ Dec 10 2019, 10:41 AM)
Insurance Talk V5!, Anything and everything about Insurance
Insurance Talk V5!, Anything and everything about Insurance
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Dec 12 2019, 04:21 PM
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#1
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Junior Member
474 posts Joined: Mar 2011 From: Kuala Lumpur |
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Dec 29 2019, 06:01 PM
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#2
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Junior Member
474 posts Joined: Mar 2011 From: Kuala Lumpur |
Buying a new policy would subject you to new underwriting, and may result in medical loading if you have suffered any illness or claims previously. It may be prudent to continue your current policy while getting a new policy until a period of time, i.e. 12 months to lapse before terminating the current policy. But it's never good advice to surrender a policy for another unless you have good reasons.
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Dec 29 2019, 06:20 PM
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#3
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Junior Member
474 posts Joined: Mar 2011 From: Kuala Lumpur |
QUOTE(Zyi @ Dec 26 2019, 07:27 PM) Medical plans are for in-patient treatment. However you may claim any out-patient expense incurred if you are admitted for the same illness within 60 days. Check with the insurer or your Life Planner for more details. |
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Jan 17 2020, 05:29 PM
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#4
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Junior Member
474 posts Joined: Mar 2011 From: Kuala Lumpur |
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Jan 23 2020, 11:41 PM
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#5
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Junior Member
474 posts Joined: Mar 2011 From: Kuala Lumpur |
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Jan 27 2020, 07:28 PM
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#6
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Junior Member
474 posts Joined: Mar 2011 From: Kuala Lumpur |
QUOTE(Zyi @ Jan 25 2020, 07:10 PM) Is there anyway to claim diagnostic scans (CT, x-ray) we did for investigatory purposes? The key word is "medically necessary", as the medical plan is to cover if you suffer illness or accident. But you may claim if you are subsequently hospitalised and certified to suffer from same illness. Call the Customer service for more info if you don't have a servicing Life Planner.Could we get reference letter from clinic doctor to do so? I am using AIA A-Plus Med. |
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Feb 6 2020, 12:21 AM
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#7
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Junior Member
474 posts Joined: Mar 2011 From: Kuala Lumpur |
QUOTE(1tanmee @ Feb 4 2020, 10:07 AM) anyone here thinks that purchasing life insurance for aging parents as unethical? thought of getting it, but scared parents think i am counting on them to die soon pula To answer your question, I don't think it's unethical to obtain life insurance for your aging parents. What probably you could do is try reframing their mind-set on the purpose of you wanting to insure them at this age, this may help alivate concerns that they may have. |
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Feb 15 2020, 11:04 PM
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#8
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Junior Member
474 posts Joined: Mar 2011 From: Kuala Lumpur |
QUOTE(propertymart @ Feb 14 2020, 11:36 PM) Hi all insurance gurus, any advices? 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.my dad had brought a AIA insurance around 10-20 years ago (as what i remember we got pay punctually for around 7 years like that) but due some financial issue we had stop paying it 7 years ago, can my dad still walk in AIA and check any cash from policy can be witdraw for his retirement use? but i saw the article below on their website....means all burnt?? i was student before and unaware this clause , if not i will ask my dad witdraw all cash value out... b) If your policy has enough cash value, an Automatic Premium Loan (APL) will be triggered if premiums are not paid after the 31-day grace period. This means the APL will be used to cover your unpaid premiums. Once your policy’s cash value is used up and the outstanding premiums are not paid, the policy will no longer be active. Please note that interest is charged on the APL at the current rate, which is subject to change. https://www.aia.com.my/en/help-support/faq.html |
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Feb 17 2020, 01:29 AM
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#9
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Junior Member
474 posts Joined: Mar 2011 From: Kuala Lumpur |
QUOTE(YSLAM85 @ Feb 16 2020, 05:18 PM) Yes, all have RM500k with waiver of premium. 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.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 QUOTE(kimi0148 @ Feb 16 2020, 04:54 PM) Hello peps, 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.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%? QUOTE(MohdPuskas @ Feb 16 2020, 08:13 PM) Can insurance company close shop? (small one) 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.What will happen if you have life insurance policy with them? |
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Feb 17 2020, 06:05 PM
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#10
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Junior Member
474 posts Joined: Mar 2011 From: Kuala Lumpur |
QUOTE(lifebalance @ Feb 17 2020, 05:02 PM) AIA do periodically offer upgrades to its existing policy holders to ensure that the those holding older medical plans are brought in line with the increase in medical/health care. The most recent is stand-alone medical card holders (A-Life Med Regular) were offered the latest product A-Plus Health Booster. Certain conditions may apply. |
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Feb 17 2020, 11:17 PM
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#11
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Junior Member
474 posts Joined: Mar 2011 From: Kuala Lumpur |
QUOTE(lifebalance @ Feb 17 2020, 07:48 PM) ExcelCare has been in the market many years ago. Not sure if in the initial periods when it was replaced by Med Regular, a similar upgrade was offered then. But very likely, I am just guessing, the modus operandi of the company would have being the same then as now. End. |
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Feb 21 2020, 05:33 PM
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#12
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Junior Member
474 posts Joined: Mar 2011 From: Kuala Lumpur |
QUOTE(mastedo @ Feb 21 2020, 11:52 AM) What are the other commitments that you personally have that can also be covered by insurance, other than living expenses that you may want to provide for your wife? As each type of insurance product provides coverage for different needs, knowing what are the risk that you would want covered will help in designing the right product/policy.QUOTE(echoesian @ Feb 20 2020, 11:55 PM) You may want to look up on the following health plans from AIA: 1. A standalone medical plan A-Life Med Regular, 2. Investment linked medical plan A-Plus Health, 3. An optional add-on rider A-Plus BabyCare 4. An optional add-on rider with critical illness A-Plus Junior CriticalCare |
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Feb 26 2020, 01:15 AM
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#13
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Junior Member
474 posts Joined: Mar 2011 From: Kuala Lumpur |
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Feb 28 2020, 08:56 AM
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#14
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Junior Member
474 posts Joined: Mar 2011 From: Kuala Lumpur |
QUOTE(teridoz23 @ Feb 28 2020, 12:37 AM) hi all sifu, You may want to relook on your life coverage, given you are at the most productive years of your working life; more so if you are married with kids.just want to check is it ok with such package? am i paying more or less for such coverage? anything can be improved or just good enough? Up to 70yo Life:150k CI:250k PA:120k Minor Injuries:2000 per accident Payor:36 illness or TPM beared by insurance company Hospitalization income:100/day Medical Card Coverage:1mil , if exceed covered 80% Cancer/Kidney=1.5mil lifetime R&B:300 Co-insurance:rm300/disability (no deductible) rm478/month 34/non smoker |
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Mar 1 2020, 07:34 AM
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#15
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Junior Member
474 posts Joined: Mar 2011 From: Kuala Lumpur |
QUOTE(Secret Hunter @ Feb 29 2020, 03:48 AM) im planning to get insurance just for medical card purposes If you are looking purely for medical card, for a start you can also consider a standalone medical card with lower monthly premium with Room & Board @RM250 and annual limit of RM1,650,000what i have in mind is GE vs AIA GE 1 month rm300 till 90 yo where as AIA rm 250 till 80 yo the perks looks almost the same any recommendation from others? |
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Mar 4 2020, 03:32 PM
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#16
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Junior Member
474 posts Joined: Mar 2011 From: Kuala Lumpur |
QUOTE(Ching Aik @ Mar 3 2020, 04:12 PM) Hi Sifu, Unless you have MRTA or similar products to cover your outstanding loan, you may want to consider increasing your sum assured to at least cover the loan. As you might be embarking on a new chapter in your life you may also want to reassess your commitments and coverage of your new risk.I'm 32yo / non-smoker, applied prudential since 2010 without knowing what I bought. It was PRUlink Assirance Plan 240/month, then 2 years ago agent says mandatory splitted to below: PRUlink Assurance Plan 100 / month PRUlink Assurance Plan = 80k Accident Medical Reimbursement = 2k Accidental Death & Disablement = 80k Crisis Shield Benefit = 80k Enhanced PRUpayor Basic = yes Hospital Benefit = 200 / day PRUdisability provider = 8k / annum PRUWith You 140 / month PRUWith You = 10k Payor Basic = 1.68k PRUMillion Med = 250 PRUWith You (TPD) = 10k I've housing loan, and planning marry soon. May I know if this plan is good worth, or improvement need? Thank you. Also is it possible to change agent? Because former agent retired, another agent takeover but not very responsive.. |
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Mar 5 2020, 03:48 PM
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#17
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Junior Member
474 posts Joined: Mar 2011 From: Kuala Lumpur |
QUOTE(GeraGeraPo @ Mar 4 2020, 09:22 PM) Hello, can agents recommend me medical card plan? A investment link including a waiver would be more cost effective and prudent too given you have a young dependent.Female, 28, Married with one child (my dependent) Retail sales assistant (no travelling) Non smoker No know health issue Budget RM200/month Interested with Allianz, AIA, GE With my budget, should I get 1) standalone medical card or 2) investment linked plan where life+medical+ci lumps into one? |
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Mar 5 2020, 09:12 PM
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#18
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Junior Member
474 posts Joined: Mar 2011 From: Kuala Lumpur |
QUOTE(Piza.always @ Mar 5 2020, 06:33 PM) I need to know what's the best insurance all the time? Im planning to get ones. Browse financial websites such as the following for information. It also depends on your needs and how the Life Planner designs an appropriate coverage. Before i got great Eastern 2 years but the agent went nowhere. I asked the hq, they said even i pick any agent, my missing agent can still get the commission. I asked to decline my account, and refund but the money they said already paid my penalty for missed pay for a week even tho i paid it double so i dont miss pay. https://www.imoney.my https://ringgitplus.com |
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Mar 7 2020, 10:14 AM
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#19
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Junior Member
474 posts Joined: Mar 2011 From: Kuala Lumpur |
QUOTE(Ching Aik @ Mar 6 2020, 04:49 PM) Further to previous message, is there better protection out there provide by other plan or insurance company if I replace current policy with same Rm240/month? RM240 today may not buy you the same coverage as in 2010 as cost of insurance has increased and will change based on your age. You may want to relook/increase your coverage with additional premium if you keep your current policy. Thank you. Alternatively, you may want to explore other insurers which may still provide adequate coverage but not necessarily with all your current riders attached. |
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Mar 8 2020, 09:01 PM
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#20
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Junior Member
474 posts Joined: Mar 2011 From: Kuala Lumpur |
QUOTE(anwa @ Mar 8 2020, 06:51 PM) Hi, hope can get some advice. I'm 45. Already have a investment linked medical card (manulife) AL 320k, no lifetime limit till 100yo. Paying $410/mth. Would like to get medical insurance for wife (37yo) and daughter (2.5yo). 1.2.3. Work within your budget. Compare the cost of obtaining the medical card individually for your wife and child against a family plan. Technically benefits should be the same except for annual limit/lifetime limit. Would you want to have life/c.i. insurance for your wife and can be packaged with medical card or just standalone medical card. 1. Should I get a family plan (ie on top of my current plan)? Or individual insurance for wife & daughter? Or one of those mother+child policy? 2. If I get a family plan, should I cancel my current one? 3. Is it better to get from same company, or different company? (Been hearing AIA, prudential and allianz better?) 4. Getting irritated every 6 months or so I get a letter from manulife asking to top up quite significant sum saying my investment plan may not cover future premium. Shouldn't it be investment market goes up and down, and the amount in investment would have been calculated to be enough when I bought, which is only 4 years ago? Thanks in advance for any info, advice and insights. 4. The request for top up of your premium would be related to recent BNM ruling on sustainability till end of term of your policy. If you opt not to increase the suggested premium, top up when you have extra cash. |
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