My agent just called me up and asked whether I want to top up my insurance coverage. Apparently the premium will increase this coming July as directed by BNM.

Is it true??

Insurance agent no sales lately? If you are scare of dying type, no amount of insurance will give you a peace of mind.

Check your risk, what will be liability if something happened to you, and just buy enough insurance to cover, you overbuy insurance also just wasted. Still single? Married with children? Parents still around and rely on you for retirement? Evaluate your situation and get just enough protection. Insurance is just financial risk mitigation, but it won't be enough to cover 100%, it is not for enriching your parents/wife/children.

Investment link cash value projection need to sustain until the policy end date, new ruling from Bank Negara Malaysia to all insurance company by 1/7/2019.

Yes, the premium will increase because your projection cash value need to sustain until end of policy date, but it doesn't matter, it just mean "what you buy is what you get".

apparently so. some insurers are revamping their policies. existing ones remain, but new application all different liao (will cost them lesser when paying out)

Yup, there will be doing adjustment due to bank negara new policy. But this only affect investment link insurance policy. TS planning buy new policy, better buy it before 1/7. For old investment link policy, premium still remains same until investment value unable to sustain then only need do top up

Means if lets say now I pay RM400 to get RM200k life insurance, in future i need to pay more?

this is good info... what is the real value sum for this 'projection cash value need to sustain' ?

THey continue and continue to upgrade your medical insurance until deplete your cash value

so beware

takaful also got increase in the tabarru charges

yup

now from 40 medical card upgrade to 200 medical policy (include savings plan)

GE

This post has been edited by persona93: May 28 2019, 11:42 AM

In short, yes.

Low and high projection can't be negative until end of policy year. So the "real sum" I suppose is the premium right? Depend on each individual age/gender yada yada....

If u notice all insurance stock keep increasing and never come down.

Allianz got the highest earning per share among all counter.

Insurance company are making very good money.

This post has been edited by ListenToTheWind: May 30 2019, 12:08 AM

Die lah..as an underwriter..work volume non-stop, agents chasing for cases.

Zurich takaful stand alone medical card repricing too much..last time for my kid RM 104..now need to pay RM 253..that is 143% hike.

Good la, if keep going down then all subscriber soon will without principle.

Go for Great Eastern, AIA, Prudential. These three companies have highest medical pool fund because of largest market share. Rarely and even if got increase also not much compare to 143%. The last price hike was 7 years interval for 15% in Great Eastern.

If the subscribers in an insurance company are very less, so their medical pool fund is very less, the fund will be depleted easily(because of rule of large number) then the medical price will restructure more often and higher. Of course, it's depending also on the underwriting guideline, certain company take all the clients whether healthy or not, this kind of company will repricing their medical very very soon. You can Google it to know more, usually it's, Axxxxxxx and Pxxxxxxxxx, Google yourself to believe it, don't just listen to any forumer words.

Yea.
Look at takaful.

Rally.

Should have buy at 4.X

It's true. U can close tered now.