while waiting for value added responses,...just a note of caution for consideration.....
many would advise don't just compare the cost of the premium paid alone...there maybe differences inside too.
at times, some new policy may not cover for the first year..
age and latest heath and medical condition may subject to exclusion or extra loading of premium

just for discussion sake....
this pre existing thing......
does it has a duration before it is NOT classified as pre existing?

example....if his son is 1 yrs old, 15 yrs old or 25 yrs old....... does age matters? any different?

example....at what age will then, having cancer.....will not be classified as pre existing? thus covered by insurance?

This post has been edited by MUM: Jan 13 2019, 08:59 PM

while waiting for responses....you may want to read these for some added info while you wait...

how to choose the right insurance plan in Malaysia
https://www.google.com/search?ei=tV5KXOOWC5...i10.S34hFW19sRg

while waiting for the real insurance sifus to response....
may I kaypoh abit.

on 1) ...try read this....

premium and investement linked insurance
https://www.liam.org.my/index.php/library/c...w-sunday-times-

on 2).....if i am not mistaken, if the premium can be paid till end of coverage (i.e 80 yrs)....then the premium to be paid would be alot lower then those to be paid only till 5/10/20 yrs...and also most probably the end value payable to you upon maturity would be different too.....thus depending on your financial commitments and aspirations for your loved ones.

on 3 & 4) .....are both investment linked insurance plans....there are also non investment linked plans in the markets...have you checked them too?

read post 230 (just 2 posts up) and its advise....

This post has been edited by MUM: Jan 29 2019, 09:31 AM

interesting subject...
thus while waiting for real sifus to response....I googled and found this....
just not sure if it is still valid or this terms is same with other companies...

from their FAQs..
I am going overseas for training/ studying/ working/ charity for long period of time. Can I buy a AXA travel insurance?
No, our travel insurance are only meant for leisure or business purposes.

https://digital.axa.com.my/travel-insurance...asked-questions

while waiting for responses....
I ...pay 12K get back 9k, pay again 12k then get back 9k again,...then pay 12k every year again for the x number of years....

(pay 24k get back 18k, then 12k pa X x yrs) for the coverage.....to some that is a hefty premium to pay pa

while waiting for value added responses....
I read your questions and was wondering, ....in the application form, I think they did not seek to have the details of the parents or siblings of the applicants....
now, since the record keeping is almost none existence for those age group generation.....
how are the insurance company going to keep track of the genuine data about the who is who in the family tree?
thus in the event of the happening of the cancer incident, how are they going to trace back on which of the family member has the same history?
if one did not say he/she has a brother...how are they going to trace that family member medical history?

with the current NRIC computerised tracking system....I think the NRIC department can just punch in the NRIC number......then a list of related family members can be seen...the wonder of NRIC

not suggesting that one should lie.....

This post has been edited by MUM: Feb 20 2019, 09:29 PM

this?

Smart Wealth, Etiqa’s life insurance solution for Maybank’s high net worth and affluent individuals, ......

http://www.theedgemarkets.com/content/adve...ransfer-vehicle

found this brochure like thing....

Smart wealth flyer....
https://www.maybank2u.com.my/iwov-resources...ealth_flyer.pdf

googled and found these....

What is Portfolio Withdrawal Condition?
Portfolio Withdrawal Condition is a clause that gives the right to an insurance company to stop offering the medical portfolio by giving advance written notification to policyholders, if it no longer underwrites this type of product.

Any withdrawal of the medical portfolio will need to go through a due process of obtaining Bank Negara Malaysia’s (BNM) approval to ensure that the policyholders’ interest is protected.
If Portfolio Withdrawal Condition is exercised, policyholders will be notified by company at least 30 days in advance as stipulated in the contract.
Thereafter the insurer will not renew the medical plan.
All benefits under this medical plan will cease to be payable from anniversary date immediately following the expiry of the 30 days advance notice.

Do all insurers have Portfolio Withdrawal condition?
Almost all life insurers have this clause applicable for their policies unless clearly stated otherwise. (Some had removed this clause from their policies too)
Certain insurance agents have been attacking certain company's insurance policies for having the policy withdrawal clause clearly stated in the contractual terms preying on the fear that insurance coverage will be no longer available when needed or in your old age.
Another myth circulating was that the insurer can pick & choose unhealthy policyholders with claims & withdraw the insurance policy to avoid making future payments to policyholders with poor health conditions.

https://mypf.my/2016/09/05/great-eastern-re...lio-withdrawal/

Portfolio Withdrawal Condition (PWC) term in insurance policies...
What this term means is basically the insurance or takaful company has the right to withdraw the policy you've taken if they decide not to further underwrite the product.
Technically it does sound scary. Yes...

The insurance policies that I bought do have such clause.
Here are a few reasons why I still decided to sign up with that company despite existence of those terms:

1) Should this be a main consideration to a prospective client? Well, consider this... during the subprime crisis, even the biggest of banks collapsed.
So does it matter whether this clause exists or not? When a company collapse, the company will not be able to pay its liabilities.
Even if they don't have such clauses, it still does not have the ability to pay no matter what.
Considerations shall be given to the financial strength of the insurance/takaful company. Your main consideration should be whether the company would be able to pay your claims or not.
2) The insurance/takaful industry is regulated by Bank Negara Malaysia (BNM).
Even a product brochure needs approval from BNM. Do you think an important decision such as withdrawing a policy would not come under great scrutiny from the authorities? Think again.
3) We live in a digital age. Imagine a few thousand policy holders voicing their frustrations on facebook because their policy cease to exist.
Imagine the damage done to the company's credibility. Do you think it's a wise move for the insurance company to do that?
4) Since 2014, ING has merged with AIA. What happened to those ING policies? They are still being honoured and in force.

All these reasoning are common sense. It's something that you should not be worried about too much. What's more important is whether the plans offered suit your needs and whether claims are paid.
http://www.takafulaia.com.my/2016/06/portf...on-why-you.html

Best Single Trip Travel Insurance in Malaysia

https://ringgitplus.com/en/travel-insurance/single-trip/

googled and found this.....

What are The Things I Should Watch Out For?
Take note that the premium rates for a term life policy increase with age. The later you sign up for a Term Life policy, the higher the premium is likely to be for the same sum insured. The reason for this is simple: As you age, the chances for (critical) illnesses increase. Therefore, the likelihood of a claim happening is also higher.
Not only is age affecting your state of health. In addition to that, here are a few other things you should watch out for:
Only applicable events/circumstances are covered under the policy (usually accidental death and accidents)
Payments due to natural death will be subjected to a sliding scale. For instance, if you died from natural causes within the first 6 months of your term life insurance policy, your beneficiaries may only receive a payment that consists of the premiums you have paid to date.
The Term Life policy has no monetary value – it cannot be converted to investment plans.
Term insurance is a risk management tool, so it cannot provide a hedge against inflation as Term Life comes with profit-free features
Premium rates are only guaranteed until the end of the term
As you grow older, you will be susceptible to several age-related health conditions. This might lead to an increase in your premium rates, or even a rejection to cover you

 
What Do Insurers Look at Before Approving My Term Life Insurance Policy?
Although it is easy to apply for a term life insurance policy, there are a few things that the insurers will take into consideration when it comes to approving or rejecting your insurance application or deciding the amount that is set as your premium.
Your medical history (pre-existing conditions, surgery, and prescription medication)
Your immediate family’s medical history
Your occupation
Lifestyle habits – (exercise, smoking, drinking, recreational drug use, frequent travel or high-risk hobbies)

On the other hand, AVOID doing the things listed below, as not only will it affect your insurance application but in some cases, you may even be convicted and subjected to heavy fines if found guilty. You may also risk having your insurance policy void and this will defeat the purpose of you getting insured.
Mispresentation – making a false statement or providing misleading information
Fraud – (i.e; faking death )
Concealment of material facts – withholding information of material fact
https://ringgitplus.com/en/term-life-insurance/

My friend asked me check back the historical medical situation of my direct family members....... Get covered more if the trend is likely to be there

interesting subject....I am not an expert in insurance just kay poh abit while waiting for value added responses from real sifus

just out of curiosity....what did the agent said (at the moment in time) after he mentioned that he agreed that both the policy are the same yet the coverage is 10x lesser?
did he gives any justifications/reasons? or he just smiled? or suggest/imply any course of possible actions to do go seek more substantiated responses/correction if possible? or what other responses the agent (reacted both verbally and none verbal)?

This post has been edited by MUM: Apr 1 2019, 08:19 AM

while waiting for value added responses from real sifus....
I kay poh abit....in my "agar-agaration", I think it
depends of the type of sickness.....at times, you can still get the coverages but at a loaded premium or /and with exclusion to the pre existing sickness...

some insurance policy has this.....
"Coverage due to specified illnesses below will start xxx days from the date you sign up or upon policy reinstatement: "

btw,...they will even go to the clinics around your home and office addresses to seek historical evidences of undeclared illness, if they have to...

The difference between PA insurance and life insurance or medical and health insurance, is the cause of injury or death. PA insurance does not cover injury or death due to natural causes, such as illnesses like life insurance does. In the same way, life insurance doesn’t cover for accidents that do not result in death.
This is why a personal accident policy works as a supplement to life insurance. To protect you and your family in the event of an accident that renders you unable to generate income or worse, causes your death. This is why it’s a good idea to have both PA and life insurance – to cover your loved ones no matter what happens.

Personal accident cover isn’t a substitute for life insurance, but it can provide a financial safety net for you and your family if you are met with an unfortunate accident that results in your injury, disability or death. It should definitely be used in conjunction with life insurance to be completely secured.

https://www.imoney.my/articles/personal-acc...ould-you-get-it

This post has been edited by MUM: Apr 2 2019, 09:00 PM

What are the exact circumstances that allowed for claims?

In general term, TPD may be fulfilled by one of these occurrences:
The person is not able to do any work, business, occupation or profession to earn any wages, compensation or profit.
Total loss of the sight of both eyes.
Loss of use of two limbs above wrist or ankle.
The person is not able to perform at least 3 Activities of Daily Living without the assistance of another person.

Definition of Activities of Daily Living
Bathing/Washing - The ability to wash in the bath or shower (including getting in or out of the bath or shower) or wash by any other means.
Dressing - Putting on and taking off all necessary items of clothing without requiring assistance of another person.
Eating - All tasks of getting food into the body once it has been prepared.
Mobility - The ability to move from room to room without requiring any physical assistance.
Transfer - Getting in and out of a chair without requiring physical assistance.
Continence - The ability to voluntarily control bowel and bladder functions such as to maintain personal hygiene.

A basic life protection plan will commonly cover Death Benefit and TPD Benefit, whichever comes first.
However, policy holders need to be aware that the coverage duration for TPD is normally until 60-65 years old.

What circumstances are excluded from TPD Benefit?
........
vi: Being involved in unlawful act
(speeding over the regulated speed limit on the highway....consider an unlawful act? )

https://www.fundsupermart.com.my/insurance/...-tpd-benefit-24

This post has been edited by MUM: Apr 2 2019, 10:49 PM

do your workplace have any kind of insurance covered? what are they? how much do they cover?
do you ride bikes to work?
does your family members has known critical illness history?

provides some added info so that relevant sifus of insurance to suggest....