Need help of Sifus here,

Going to enroll my parents (not me) for medical insurance, however, noticed one thing on the health declaration:

Have any of your parents or sibling ever had or died from cancer including breast cancer, tuberculosis, diabetes, hypertension, stroke, kidney disease, heart disease, multiple sclerosis, mental illness or any other hereditary disease or any AIDS related condition?

To be honest, this is quite ridiculous as you know our parents generation have many siblings and since we doesnt really keep in touch, so its really normal that we don't know their health condition. Plus, given that my grandparents has already passed away quite a years ago (the latest one is 20yrs ago) and back then I was either too small or wasn't even born, I dont even know their cause of death - for example, my father was not even sure which disease that my grandfather had, liver or heart issues. Cant really blame them tough, they didnt even finish their Form 5.

So, sifu-sifus here, if I just tick NO for this declaration, is it ok? Would it even matter in the event of claim?

Dont tell me to ask my agent, I am buying directly from insurance company so I have no agent to serve me.

Thank you.

This post has been edited by dgg_123: Feb 20 2019, 08:59 PM

I already have a medical insurance - now I am buying medical insurance for my parents, not myself.

I think the only way for insurance company to know it is looking at the history taking done by doctor?

Doctor will usually ask patient question like , did ur parents had stroke before? Something like that....

If you answer yes, then doctor will note down in history and insurance company will know that u knew but didn't declare, so kantoi......

But if you answer don't know to doctor, then doctor won't note down , insurance company will have no way to know that you haven't disclosed.....

Am I making correct assumptions here sifu-sifus?

Does it even matters if their parents (my great grandparents) had those disease after 60 yrs old or 65 yrs old?

When I signed up for my own medical insurance, the questionnaire specifically asked : below 60/65 yrs old.... (cant remember which already)

Dear sifu-sifus,


This clause means the policy is guaranteed renewable right? It is a standalone medical card. I have this concern because the insurance company told me after the underwriting process that it is "subject to yearly review". When I asked them what do you mean by "yearly review", they just show me this and say will be subject to terms and conditions upon renewal...... (well, to be fair he is just a customer service exec, cant expect much from him though)

And two more things,

1. Is the alteration clause very important? Because I found in the policy contract that:
Seriously, did any insurance company in Malaysia has exercised this right to downgrade their policy benefit/coverage significantly? Like from 1mil coverage suddenly become 100k only, or suddenly impose lifetime limit? How is the risk?

2. And I noticed that this policy has portfolio withdrawal conditions as well. To be honest, does this clause really matter? Has any insurance company in Malaysia ever exercised before this right? I read somewhere that this clause is virtually useless, because if insurance companies really wishes to withdraw the entire product from market, they will simply increase the premium amount to a ridiculous amount (e.g. 5k a month) so that you are "forced" to give up "voluntarily". Is this true?

Didn't bought through an agent, so please dont ask me to ask my agent.

Thanks for all of your help in advance.

This post has been edited by dgg_123: Mar 9 2019, 03:47 PM

Actually it hasn't been bought yet - but almost want to make payment already. The underwriting decision has already out and approved, they just informed me and told me to decide whether to proceed (buy) within this few days.

Undeniably its a product from a general insurance company.

I am just wondering the policy is safe to buy or not - like my original question, does the alteration clause and portfolio withdrawal condition matters that much? What is the actual risk in real life scenarios? (I know the theoretical scenario, but not real-life scenario) And just want to double confirm that the "This Policy will be renewable at the option of Insured Person subject to the terms, conditions and termination at each of the anniversary of the Policy date." means guaranteed renewable. Just that simple.



This post has been edited by dgg_123: Mar 9 2019, 10:58 PM

I am not too worried about the renewability, to be honest. I'm just double checking on it, because they told me its "subject to yearly review", despite the policy contract states that its "renewable at option of the insured."

What concerns me is more on the alteration and portfolio withdrawal condition.

Why general insurance? Well reason is pretty simple - price competitiveness. Especially at old age - I am actually buying this for my parents. The premium offered by life insurance companies were simply too high to afford.