What about medical card for a lady who is 68 yrs old with history of bypass at age 53 yrs , non smoker, is a diabetic and hypertensive. Unable to get medical card ? Annual blood test and checkups stable up till now.

Hello all,

Outpatient Cancer Treatment - Does medical insurance cover Immunotherapy & Targeted Medicine?

Call CS they give me subject to their department review.

Would like to ask a general question here

Assuming the COI/pax for my company's group insurance is high, does it make sense for me to withdraw the money and use that to buy my own personal insurance, as well as for my spouse (since group insurance covers spouse).

Edit: This is of course assuming the company is flexible in letting me do that

Hi all, I need some advice here. I recently purchased an insurance plan with my agent while I'm out of Malaysia. During the application process, I was told I need to do e-signature and indicate where I'm signing from. Despite I'm out of the country, my agent told me to put "Selangor", and keep my Malaysia residential address.

May I know if this is advisable to do so? Thanks.

Anyone received letter from AIA on the revision of premium charge for A-Plus Med plan? Anyone opting for it?
Feel like ignoring it...

yeah, i'm paying the same amount but the policy will lapse earlier.
just doubt will they decrease the annual limit amount to claim or not lol

did anyone get the same for GE?

previously the agent showed a minimum quotable premium increase on June 1 2020

im just wondering for people who hold the policy before the increase, will they still get the old price or will the new price be enforced?

They dont force us to pay new price but policy may lapse earlier.
So basically new/old policy holder will be charged internally the same amount for the same plan.

e.g. new policy holder pay RM266/month till 90 years old. Existing policy holder by right should pay RM230/month (existing premium) till 90 year old, if they dont opt for new premium (RM266/month) - their policy may lapse maybe till 85 years old only.

ahh so new policy holders before the increase will only get to enjoy the old rates for 1 year.

old policy holders will be issued with letters

but i think all policy holders should be informed on the COI increase no matter how much cash value is in the account right?

Guys, I'm in the middle of selecting life insurance between prudential and GE.

Both policy is quite similar to what I want, only the GE is thirty bucks more expensive.

The hearsay is GE claim is easier and faster than PRU? Pls share your experience.

Another question is, does PRU has the tendency to increase premium over period of time?

Thanks.

Very unlikely the extra thirty bucks is for the hearsay 😂. 

The higher premium may translate into higher cash value, try checking that out too.

so i've reading up a lot of US-based personal finance books and there seems to be a common theme on insurance, i.e. "insurance is for protection only, not investment".

This got me thinking about my insurance choices. I'm 35 yrs old and i have the following 2x GE plans with the listed riders for about 10 yrs running now. They are all investment-linked which I understand is a mistake?

SmartProtect Essential Insurance 2 (RM270/month)
- SmartProtect Essential Insurance 2
- Critical Illness Benefit Rider
- Smart Early Payout CriticalCare
- IL Comprehensive Accident Benefits Xtra Rider
- IL Waiver of Premium Plus
- Smart Medic (SM150)

Great Early Triple Care Special (RM100/month)
I have quite a bit net worth with me that I'm pretty sure I can do without life insurance. My EPF & cash investments are 4x more than my life insurance sum assured. However, I do believe I still need medical and disability insurance. My question is, do you think it's worth for me to restructure my plan so I can:
- Remove the life insurance and investment portion
- Retain (& even upgrade) the medical & disability insurance portion

And what is the best way to go about doing it?

I didn't bother asking my insurance agent because he'll just tell me to retain everything and buy more policies 

In this case the group insurance is charged quite high due to high claims ratio. As such as there savings if I were to take out my own personal medical card with the cash saved by company.
Giving the cash to me as an allowance is also tax deductible for company.
I'm looking at 2 options presented to me, either Allianz or Prudential. The way I see it, Allianz is about 20-30% more expensive than Prudential, (although depending on how often u claim vs not claim, the % will vary as Allianz has no claim refund and Prudential has RM300 deductible), but generally speaking I can see a slight advantage in Allianz for medical card and better advantage for critical illness compared to Prudential which may explain its higher COI. Is this finding a consensus or am I missing something >.<

how much difference between smoker or non smoker policy? How about someone has quit smoking 10 years ago, can declare as non smoker?

Oh, thanks for clarifying. Would the insurance company still check if want to make claims even though already declared as non smoker.

I see a lot of online life insurance covered up to 500k only. How to buy 10 times of annual income? Does it mean buy multiple life insurance?

Roy, I always wanted to know for smokers that quit after 10 years , casual smoking one or two in one month will insurance company find out when declared under non smoking?

Hi guys, what insurance plans is best for a woman at 40 yrs old with 02 kids age 17 and 13?

Should she get term insurance till 99yrs for herself and ILP insurance for her 2 kids? What add ons do you recommend?

Their whole family members do not know anything about medical insurance and only goes to govt hospital and so far no issue with payments saying its affordable and maybe because they are bumi. How best to explain this insurance things with them?

Thanks in advance guys

in force mean what ?

Is there any Disability Income Insurance product in Malaysia?

According to LIAM, this type of insurance covers a portion of the income in the event that the policyholder is displaced from work when stricken with an illness or an injury.

I got a quotation from Prudential as I wanted a plan which has minimal investments and more towards hospitalization. This is what I got quoted.

RM 360/month premium. Age next birthday 26, class occupation 1, smoker.

Is this on the high side or normal to pay so much at such a young age?