staff have access to things that general public can't have access. not sure what is the complaint

the thing about wanting cheap medical plan is, it's a no ending game. AIA this year more expensive, because, just repriced this year. Next year Prudential reprice, Pru more expensive than AIA.

with upfront initial cost through buying with agent or buying it with ILP plan with their medical rider, constantly hopping medical plan is not ideal for general customers la.

so later medical, AIA more expensive, but for CI AIA is cheaper?

so the drop in sustainability could be many reasons, the investment not doing as well, your medical got repriced recently, but even that, sometimes all these are projections. what you need to be aware of is, as long as you keep paying the insurance coverage is still there, but if there is a chance it may stop soon, then you really have to take active actions like making changes to your policy (increase money or reduce coverage for things you do not want, etc).

Hi guys, i found that hong leong assurance is offering a medical card with 2.5 million annual limit but the room and board is just rm200. HLA is the only company offering such high annual limit with 200 room and board. Sounds too good to be true, is there anything i should be aware of here?

Why do you even need 2.5m Annual Limit in the first place?

yeah i thought of that too, but their medical card lowest annual limit is 2.5m

i think insurance industry in malaysia is very competitive...
if they gives you 2.5mil annual limits...then something else would have to gives way...
like death benefits, amount of coverage, claimable amount for each items, co payment, deductibles, etc etc...
thus you really have to study /review /compare with other companies first, before you buy just for the 2.5mil target amount

especially so for HLA...for they are "famous" for their wealth booster plan or something similar where they claims to be giving guaranteed 20% returns pa.....in reality, the buyers did not realize that those returns given could impact their maturity benefits or death benefits.
(well that is according to many previous lyn threads on them, search for them, if anyone want to know more about those plans and comments posted in lyn.)

This post has been edited by MUM: Aug 6 2020, 08:36 PM

hi tan, i believe you are referring to HLA MediShield III. basically you will have to buy the medical card rider and the annual limit booster. so yea you are right about the 2.5m annual limit. the brochure didnt show the additional rider COI though.

yes thats what i'm afraid of. will there be hidden charges?

There will be extra cost of insurance incurred on top of the normal plan since it's an optional rider, otherwise the base annual limit will follow as 1 mil, 1.5 mil or 2 mil.

Goes back to my original question whether you need such a high annual limit or not.

There are no hidden charges.

There will be extra cost of insurance incurred on top of the normal plan since it's an optional rider, otherwise the base annual limit will follow as 1 mil, 1.5 mil or 2 mil.

Goes back to my original question whether you need such a high annual limit or not.

There are no hidden charges.

Hi, may i know is there any Life Insurance or TPD able to purchase for next age 64 and 62 ?

Currently have stand alone medicard.

Yea all the insurance company can offer as long as they are not age 71 and above.

Thank but i quick check few company entry age Max 60 ?

Term insurance are limited

i think the annual limit is too high also, but their cost of insurance is about the same with other plan offering lower annual limit

if the premium (selling) price is is about the same as other plan....
will this below post possibility be true too??

yes i found their death benefit is different. they dun pay sum assured + cash value like other insurance company



so lets say upon death, the sum assured is 20k and cash value have 19k, company pay 20k to beneficiary and 19k cash value company keep?

by the way is it advisable to pay minimum premium for the first few years for ILP because allocated premium only around 60%, and only increase the premium when allocated premium reach 95% to maximize the money that goes to the fund?

of course when you add that additional RM1.5m annual limit rider, that rider got cost to be added in. are you referring to this charge?

do you have the cost of insurance table for this? also for annual limit booster rider, indeed the cost is lower. you can check out Great Eastern's medical card annual limit booster rider, the charges for this rider itself is quite low also.

in this case, you can actually just do a regular top-up (95% allocation) since the first year (or any inception year of the policy). by increasing the premium even after nth year, the newly adjusted premium will be subjected to the premium allocation based on first year.

hi yuunasue, yes able to purchase so long doesn't exceed 70th year birthday.

This post has been edited by ckdenion: Aug 6 2020, 11:55 PM

Yes Can . Maximum entry age 70 NBD. Need to learn the product plan

Example in GE, currently promotion GGC Max entry is Age60
Then SPLM, Great MaxiProtector, SPW20 accept entry age up to 70NBD.

You won't be able to do so as there is a recommend minimum premium to pay when you first buy the policy.

Thereafter any top up will also follow the same allocation system.

You won't be able to cheat the system =)