Insurance Talk V5!, Anything and everything about Insurance
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 Jan 11 2019, 06:24 AM
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#1
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Junior Member
108 posts Joined: Oct 2011 
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Hi would love to get the forummers advice here
My mom has taken prudential flexi med for me for quite sometime. Do you think its a good idea to replace the insurance? Ive been checked that AIA A Life Link 2 is quite good. Prudential montly is Rm300+ while AIA is RM200+ |
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Dec 28 2019, 11:44 AM
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#2
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Junior Member
108 posts Joined: Oct 2011
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Hi. My mom bought me prudential insurance (investment-linked) when I was 9 and the current premium is RM300+. It's very high considering that the coverage is very limited (annual limit is RM130k, lifetime limit is RM2.6mill) The agent advised me to buy policies that compliment my existing but it will cost me even higher.
I plan to replace my prudential with AIA which offers better insurance benefits and lower premium than my current However, I heard that it's better not to surrender your existing policy. Would love to hear your opinion. Thanks This post has been edited by af_1993: Dec 28 2019, 11:50 AM |
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Dec 28 2019, 02:18 PM
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#3
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Junior Member
108 posts Joined: Oct 2011
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QUOTE(lifebalance @ Dec 28 2019, 12:31 PM) Anyways for you to upgrade your existing policy with the latest rider? Mainly because the benefits are not worth the premium that im currently paying (RM361)There are many reason people surrending a policy. 1. It does not meet your financial needs 2. The benefit is not what you're looking for 3. Expensive 4. The product is out of date 5. Unable to upgrade the existing policy anymore 6. Agent no good Etc  |
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