Not saying this for sure. Currently most CI products/riders are based on 36 CIs. Hence if there's any add-on coverage, the customer might lose out on the additional benefits offered. I might need to check on this later, while we may wait for experienced agents to come and explain further.
However, by doing endorsements (adding up coverage/new benefits), the client will get to enjoy the new expanded CI benefits.

Zurich Takaful has increased my son's annual premium for medica2015 M250 plan from rm980 to rm1891 for 2019, which just doesn't make f8888ing sense. It's more than 100%.

Anyways, am looking for others takaful companies now, any recommendations?

tqvm

I see, as I am still at my teens, Would it be advisable to purchase, a PA plan, a medical card and critical illnless coverage with term insurance?

So...whats the suggested annual limit for medical card? Is 200k enough?

Hi guys, may i know which plan have the best coverage for critical illness now??

Maybe my ge agent is not keen on small increase in premium for medical plan upgrade. I can afford a RM500/mth life insurance plan but i just dont need that as i already have sufficient coverage and own planning.

Anyway, thanks for your advise. I will start to exercise from now on. Hopefully will improve my cholesterol level. Fatty liver has no cure so far according to GP. Need to maintain healthy lifestyle.

Hi all sifus,

I'm having dilemma in choosing new company for my life insurance and medical card. May i have few thoughts in which company is most reliable?

My current is with pru bsn prudential (already 9 months). I went to KPJ at my place and supposed to be admitted but the doctors there mentioned there is high possibility that i wont be covered and have to pay myself as they are having a lot of issues pru bsn not covering their patients. And i can see their worried face when i mentioned that my insurance is pru bsn.

Look at the premium difference, in 6 years, she lost almost RM6k on the cash value. It looks like I can sustain much more longer in the long run (I'm not an insurance expert, I'm just doing some simple calculation).
If I saved up that difference in premium paid, when the time the premium increased, I can just top up using the saving right. Some more, I can use that amount if in any emergency need of money.
So I explain the whole situation to my friend, ask her to consult with her agent, and do the math again to her agent. Guess what her agent said?
"If you insists to pay less and have more coverage, dont blame me if your premium increase in the future."

Then my friend tell the agent that if the premium increased, can just use the difference in premium paid to top up back right? Then the agent did not reply.
This looks like some con job if you ask me. Not saying that insurance is a con job, but I'm just doing some math.

So my point is, what's the point of putting so much portion in cash value if saving in FD can yield more return? I know the high risk high reward thingy, but look at the performance of the fund. 6 years ald losing 6k. Even if it doubles in 5 years, still not making any profit with the fund. How to sustain long?
Expert here can educate me if I'm wrong, as I'm not an insurance expert.

You don't take investment-linked insurance plan (ILP) as an actual "investment". The actual benefit of ILP is to handle future increment of insurance charges thus see what I posted before this.

ever made the comparison by calculation?

assuming "everything" is the same, except the premium....

getting the non ilp and putting the differences of premium into a 6% pa vehicle, then getting that accumulated saving + % returns to pay for the cost differences of the premium increases in future.....
in the end, will it generate more "saving" than that similar ILP product?

Non ILP plan aka standalone alone medical card are most likely has increment in price from time to time. Therefore, you might pay even more in future. I will try roughly make a comparison table for everyone, but please don't refer to it at 100%.

ILP is cheaper in the long run because even so insurance charges increase the "cash value" inside the ILP mostly can cover up it compare to stand-alone, it has no cash value or additional add on; eg: Critical Illness with Early Payout (Great Eastern). Mostly standalone medical card cannot add on a lot of stuff one, usually you need to take ILP only can have such privilege to add on more.

This is base on 25 years old male, non smoking. Take this as reference, different company has different price increment. I just roughly do a simple comparison chart, and there's actually a lot of other factors will take in count on this.

So if means if i can afford it, it's ok?

Around 2% of my salary.

Still not so understand how does this co insurance work. Assuming my monthly premium quoted from both GE and Pru around RM250 monthly, wouldn’t GE medical card seems stronger because no co insurance?

Yes, it seems everything else is the same except Pru have co insurance.

1. Annual limit: GE - RM1,320,000 and Pru no annual limit when I asked my agent
2. Lifetime limit: GE unlimited and Pru goes by MVP RM1mil, is that my lifetime limit with Pru?
3. Both also same room and board of RM200

How do you state that having full coverage can end up being expensive? Maybe I am zero knowledge about this insurance thing. I seeing both monthly premium of med card is the same amount.

Why is “Guaranteed Renewable” important?

Guaranteed renewable means that as long as you pay for the policy on time and you want to continue with the insurance, the insurance company is obliged to renew the policy (if the lifetime claim limit has not been exceeded). The insurance company, however, can raise insurance price as long as the change affects everyone and does not single you out.

For non-guaranteed renewable insurance (where policies are renewable on yearly basis), the renewal of these policies is subject to the insurers’ approval. This is bad because when you have an illness that is likely to happen again, the insurance company will deny you the renewal. Now, when you want to buy insurance from a different company, it will be difficult to get, because you have a past illness that you need to disclose. An illness in the past, is also called pre-existing condition.  The new insurance company will either load your premium (the insurance is more expensive) or will exclude the illness from the new medical card. This means that when the illness happens again, the insurance company will not pay for any treatment.

This is why it is important to buy medical insurance early in life so that when you start buying medical insurance you do not have any pre-conditions and can be fully covered by a medical card.

Why there is very few discussion on Takaful Malaysia? Checking their website, their basic plan for TPD/Death with RM500k coverage is priced at RM80/month only. Any bad feedback/review on their services?

They have separate plan for PA. This plan is for Death/TPD, and can be customized to include critical illness if the applicant wishes.

Refer to link below, can try get quotation and seems like can straight away apply. A bit weird as application usually will require proper medical check up right?

https://online.takaful-malaysia.com.my/term-myClickTerm

Yes, I haven't tried adding up coverage for CI. But I am pretty sure that for a plan only covering TPD/Death, this is already considerably cheaper than most other insurance out there. Its just that they do not have many agents to promote it. I guess this is why they are cheaper, lower operating cost. I was wondering about their stability as a company, but I think they are hardly a newcomer in the industry.
Should be common for insurance not to fully cover for predetermined illness correct? Or if they do, the premium will be increased quite significantly. I guess this plan is suitable is for those that really2 young and healthy, but lower on budget

If I'm not wrong, CIMB mainly sub insurance by Berjaya Sompo.

If not, then Berjaya Sompo is under which bank?

googled and found this too....per attached image

https://www.berjayasompo.com.my/_uploads/fi...0Dec%202018.pdf

Then main consider as under "Khazanah Nasional Berhad", am I right?
i think the legal buck stops at Avicennia Capital Sdn. Bhd...eventhought it is a fully owned Khazanah Nasional Berhad investment holding company,