Lately I bought the aia a-life cancer360 but I found there are incorrect answers on the self declaration in the form I.e. is any of your immediate family had cancer and have you performed medical checkup last year. Both are yes but my agent just helped me tick no. I whatsapp him and also submitted the question in aia portal but they never reply me. This makes me worry because in the policy there is clause to reject claim should I lie in the self declaration. So the question is will it affect my claim since I already informed them but they just ignore my questions?

Dear sifus, I have looked at both Prudential and AIA policies that have been generated for me. I would like to know your opinion(s) on both of these policies:

27F non-smoker Class 1 (50% responsibility of breadwinner)

Prudential - Plan Type: Regular Premium ILI
PRUwith you - SA RM100k : Premium RM 250
Crisis Care - Sum Assured RM100k
Acci Guard Plus - SA RM100k
Acci Med Plus - - SA RM5k

Pruvalue med:
- R&B - 200 (Deductible: RM300)
- Med Value Point: 1.5 mil
- Med Saver: 300

Payor Basic: 3k p.a

Insurance Premium: RM250 (A)
Investment Premium: RM0 (B)
Total Premium: RM250 (A+B)

AIA - Plan Type: ILI Plan
Basic Plan
A-LifeLink 2 - SA RM100k : Premium RM 200
A-Plus Saver : Premium RM 75

Riders
A-Plus DisabilityCare - SA RM100k
A-Plus Health - Plan 200 (Deductible: RM300) : Unit Deducting
A-Plus Multi CriticalCare - SA RM100k : Unit Deducting
A-Plus Early CriticalCare - SA RM50k : Unit Deducting
A-Plus WaiverExtra @70 - RM3.3k p.a : Unit Deducting

Total Monthly Premium: RM275
Total Annual Premium: RM3.3k

Thanks

HI im with Prudential.

Recently i met a prospect and he's telling me about how Allianz similar plans are less expensive by a margin.

Anyone can enlighten me bout allianz and how come they are much more affordable

Rgrds
Nigel

Hi, i am 25 yrs old, male, non smoker, started career 2 yrs ago. What kind of insurance is suitable for me? Need medical card for emergency case if happened. Thanks for enlighten.

Hi, if I want to change insurance plan to another company, should I terminate the current plan first before buying with another company,

or buy the new plan then only terminate the old plan?

If you mean sustainability 64-68 is on the low side. Anyone else care to explain 'sustainability in layman term'?

600k i believe is pure life only. You can add additional critical illness on top of it however you like.
Rgrds
Nigel

does that mean nowadays all the invest link are far better then term? because I trust my investment rather then the fund they given. the fund that they given (even for a very stable fund that give the same return as FD, have SC of 1%) have charges, most of the bond fund which may perform better then the fund provided (I revised the fact sheet and compare the chart to common bond fund in 3, 5, 10 years perf) and at no service charge. On the other hand, the equity fund provided often perform below par and having high service charges.

may I know what is

sustainability?
match the additional premium?
COI?
Cash value?

Basic of financial planning 101.

I'm quite astounded when you tried to lure forummer to read about "compounding interest" to say the they're not counting pennies when they have to constantly spend their time to monitor how much they need to pay incremental per year to their life insurance policies.

Yes you're right to say that the small pennies will accumulate overtime, provided they are a savvy investor themselves to be able to do that. With the luxury of the time to manage it, time is a precious commodity, you don't see a rich person manage all their businesses and investment to the pennies, they hire and pay people to do that and utilize their human resources.

Yes, my example is equating on if you're a rich man and have a deal earning you RM100,000s, would you even bother with the RM10s ? Would they even bother spending the same time of an hour to get RM100k instead of the RM10 ?

That's the reason why services like unit trust, stock brokers, insurance company are out there to earn some money and get some automation, yes the return may not be a lot depending on the goal of the investment, but if that automation helps to reduce my time to manage something trivial, I don't see why I shouldn't spend my time for something else better that is my specialty.

Your logical answer may not be suitable for genuine investors who have huge portfolios or for the common folks who don't do much into investment.

Here's my thought for you.

Can we not have another episode of ego battle here?

I think all can agree.

Holocene

Looking at your replies, seems like your reply with twist and turn and putting words into my mouth is more suitable for joke's heaven instead, I'm lazy to teach and educate someone else especially they're agents themselves. I recommend you go back to ur sensei Norman and learn a little more things first okay?

hi guys,

need ur advice
for sebaceous Cyst removal
insurance provider say it's exclusion case
need to pay first and claim later
with a HPL report on the cyst

have anyone came through this before?
does it honor the claim?
if pay first , do u all know medical cost can be reduce by doctor?
some say using cash ,doctor can negotiable on the cost?

First of all thanks for the clarification. Many jargon are being used in the reply thus I am asking question instead of taking things out of context just to prove my point. I re read my post and there isn't any.

Now I finally get the picture as a whole on what is the word "sustainability" that can affecting a life policy.

the question of 3100 vs 1500, however, I still cant figure it out based on the scenario you given. Isn't the 3100 is fixed? Why there is 1500? Where did this number come from? And I think people choose sustainability option is because they don't want the policy to drag that long? thus the point to continue the policy isn't there? If one need the policy to be life, its a no brainer to take it up to 100 y.o with a fixed premium thru out the policy years?

For ILP, if one doesn't mind to pay premium up to the chosen sustainability year, is the cash value in the account will still accumulate instead of the common "pay 10 year get 20 years" thing? As all this is actually taking the cash from what you contributed? Many people I think they miss this. And many agent doesn't even bother to explain this.

And regarding investment link, I myself faced the problem once. Still remember the 07/08 crisis? Yea, during that time my education policy is still running. They sent a letter to my parent mentioned that crisis cause their fund performance drop and expected the dividend to be low. That time my parent wasn't know how the thing is going behind the scene, they have no knowledge of investment and insurance. NAV, total return, dividend all are very bombastic thing to them. They don't know that NAV is actually more important then dividend pay-out as dividend is nothing when in unit trust, or something that fluctuate. Thus, the NAV drop, partial of the premium paid were gone due to bad market and over 20 years, we got exactly the same amount how much premium we paid with extra around 1000 MYR? Isn't that sound really bad to you guys? We earn nothing besides the saving. But the agent that time inform nothing, said nothing. I asked my parent and only got to know the agent they met is part timer..... And the fund they invest in is sort of stable fund? The return shall around 4-6% p.a. I don't know what is actually happening but this got struck me a lot.

And the point you had that regarding commission..... Majority I got the feedback is this, actually. How many out there are really committed to their job and being honest?

I really appreciated all the input you guys made. 

Thanks!

It seems to me that the insurance company would like to investigate into the claim before they issue any payout for the claims, perhaps you can submit your appeal with the relevant receipts to the insurance company that is required and let them sort it out in their investigation.

As far as I know if you're hospitalized for that matter and never had any exclusion within your policy before, the claim should be honored by the insurance company.
My goodness, what a reply;

Don't try to act holy, calling me joke heaven in your replies first and now trying to act like a saint in here trying to talk sensible to the audience as if I am at fault when I didn't even put you down at all, giving you my thought since you asked for food for thoughts and that's when you tried to pick a fight, more over reporting my post because you got butthurt for calling you out, guess I pressed your buttons real bad when I caught you with your illogical advise in here.

I hope you don't twist and turn words in front of your customers to get policies.

just checking with you.......last week I had a brief encounter with my friend.....
he mentioned that his son was admitted to a hospital and had a surgery........
it was something like pancreas covering the liver (sort of like that).....
he mentioned that it was a "heaven born" (Chinese translation)...natural occurrence....
thus his insurance does not cover that "heaven born".....

is it true that natural occurance are not covered by insurances?

this agent is a very nice guy. helped me understand about insurance packages. 

Hi guys, I don’t understand why ILP is better....majority of the fund returns is actually average 4-5%. If based on average 4-5% return, high possibility that the fund will be empty by age 70, some by 65. After that you have to pay for high COI for your life insurance + medical card. For life insurance of 100k the COI could be 3k and medical card is around 5k. At the end you would be paying more than standalone medical card because of the additional life insurance cost. Is my assumption correct?

Plus you have no choice but to continue paying higher premium for life in order to keep the medical card alive, kinda like a trap...?

So far I think Lonpac MC is good? because there is no portfolio withdrawal, guaranteed renewal and portfolio of pricing for premium.

Centurial Plan 9 + Booster Plan 4 to get 1mil.