Hi Adele, yes I understood the concept from what you had explained earlier

However, since Prudential had sent the letter informing the premium is gonna get revised in 2021 to RM5600 I wonder I can continue paying RM5000 and whether Prudential will charge the balance from the fund
Your case I supposed the Insurance company did not write you a letter saying the premium is revised

In my case, Prudential had sent the letter informing the premium is gonna get revised in 2021 to RM5600 I wonder I can continue paying the old amount and whether Prudential will charge the balance from the fund

As I am paying online, the epay system will die die state the premium amount decided and I can only pay that amount

ok... traditional plan is like standalone medical card / any insurance plan eg. CI, PA etc. without investment linked?

sigh my agent really ah... that day she visited and said both my mom and my policy has lifetime limit of RM500k

But just now I went to check the policy documents, only stated annual RM50k and lifetime RM200k

Either simply tembak or donno where she pluck the number la wei

Hi all,

Not sure if this sounds stupid to ask. I bought an AIA Signature Life insurance last year. Currently planning to get one for my soon to be wife, but apparently AIA has renamed the life insurance to AIA wealth care.

I've been reading this forum closely in regards to ILP and premium. I know that for medical card, premium are revised every now and then even for ILP.

However, I want to know whether the premium for ILP life insurance will be revised like how medical card plans?

Reason being is that my agent told me that unlike medical, life insurance premium is fixed throughout the tenure.

For example, the one I plan to get for my partner is pay 10 years, coverage to 70 years old. And the premium is fixed at x amount for next 10 years.

Will this change?

Many thanks!

hi guys..just want to get more opinion for my parents insurance...is it really worth to buy for them at the age 60++?  they have some conditions like hypertension and high cholesterol.... I got quotation from the agents all around at least RM500 to RM600/ month...so means RM6000/year X 2 PPL...is a big burden for me but also feel like is a must too..is there any way to reduce the monthly premium or maybe switch to a traditional standalone medical card (got annual limit)? can give me some idea or experience how you guys handle for parents without medical card? ps. agents pls dun find me ya ask I had already in contact with a  lot of insurance agents dy! Thanks all!

Hi, I'm shopping around for an investment link insurance policy with medical card rider.

I am interested in medical card rider that still offers daily hospital cash allowance (upon admission in private hospitals). Insurance providers such as Prudential no longer offers this. They only offer daily cash allowance upon admission to government hospitals which is not relevant in my case.

Can anyone tell me which insurance providers still offer this please?

RM 2,000 for room & board daily is ideal.

Prefer the daily hospitalization benefit to be in the same rider as medical card. Noticed lately that some company has daily hospital income benefit that its own standalone rider.

Prefer the amount to cover the equivalent of a suite room in reputable hospitals.

No prob, as I am also bothered by the ever increasing premium

If you have time, you may want to ask agent from another company to quote you the similar benefits and if it is more worthwhile then you have an option to switch

If Prudential come another round in 2 years time, I will ask agent from GE for a quote and will seriously consider switching to GE

At least GE never force premium increase like Prudential

This reply is for post #1970 and 1971.

This is what I heard from my trainer:

Let's assume Mr.X vapes, and Mr.X gets a protection plan. However Mr.X later passes on due to some disease caused by vaping. In a case like this, will Mr X get any payout since the complication happened due to his vaping and not other factors? As what my trainer mentioned,Mr.X won't get a payout since it's, how to say.. something he caused and not other factors.
assuming Mr. X gets life insurance, for vaping, there is still payout for situation like you mentioned above. oh ya provided he declared that he smokes/vapes ya.

A similar situation is like this:

Mr.Y buys life and/or medical insurance. But Mr.Y itchy backside drink until want to terbang. So he drive then bang until kong. Because he drink and drive until kong. In this case Mr.Y won't get payout right because he caused it and not someone else?
Mr. Y will still get payout for life insurance if he passed on. for medical insurance, company got the right to not cover medical expenses because of drunk driving (illegal). note: check the exclusion clause from the product purchased to get more accurate information.

And is it by declaring as a smoker (and with a higher premium), the client can still be covered?
yes covered.

In my situation, I smoke but so far i managed to reduce by around 50%. Nowadays I smoke maybe around 12 sticks. not easy to do but I still tried. I do intend to kick the habit totally also. I have some high blood pressure also, which the doctor prescribed Amlodipine to help with it. Most probably the high BP is also caused by smoking? I do find that if I'm busy, I tend to not smoke for hours.

As to my previous job, I was in a call center for a bank. So we have to sell insurance products (eg. Credit shield and travel insurance) as part of our portfolio. So there will always be enquiries about what is covered, activation, exceptions, etc.

I forgot to mention in my earlier post,that the AIA calculator counts the premium the same whether or not you declare as a smoker or not.

Hope this clarifies.
Thanks!

Hi,

Got quotation from Hong Leong MSIG Takaful. Was told that annual limit is 1.12m after Million Extra-i Rider 2 attached with basic plan. I have choose set 1 means 0 deductible but upon read the Product Disclosure Sheet, found something weird clause for Million Extra-i Rider 2. It mentioned that the deductible per rider year for this rider follow initial overall annual limit or 120k. What it does mean actually? Is it I need to pay first 120k if let say my single claim is 300k or my claim is not payable if it below 120k as it within Million Extra-i Rider deductible? But what is use for set 1 (0 deductible) at first place?

Hi, thank you for your response. Still cannot understand this Million Extra-i Rider deductible clause. It is means if first 120k main medical benefit limit exhausted, then the Million Extra-i Rider benefit will use? So if the Million Extra-i Rider use, subsequent 120k will be borne by the Insured? Why HLA or HLM put this deductible clause in their Million Extra/-i Rider. Make ordinary people confuse only. Asked the agent who make proposal to me about how this 120k deductible for Million Extra-i work or give some situation or example but no clear explanation given.

Hi, understood that first 120k need to utilize first before 1m rider will be use to cover subsequent charges. Since the first main 120k medical rider already use up, means the Insured need to fork out 120k from own pocket for any subsequent admission to hospital? Let say if next visit when using 1m rider only cost 60k, the Insured need to borne all the cost as it within/below deductible 120k?

Well...it's not exactly different name printed on the policy but rather, I was served by a different person.

The one who attended to me was a clerk of the agency, I kept inquiring for the details of policy which was left unclarified over a long course of insured years.
(Just took over ownership from parent, and my parent is not very keen with handling all the documents)

"Your policy has been quite some time, I will look back and let you know"
More than 3 weeks later, a cover of endorsement letter was sent back to me, which is not helpful at all.
Declaration of additional riders. That's all. I need to know the exact benefits.
I sent in an inquiry to the insurance general email and got exactly what I need in just 3 working days.

After finding difficulties to answer to my queries and my clear intention to restructure my policy, then only she referred me back to the insurance agent (agency owner).
In fact, the name in charged was supposed to be another partner in the agency. But well.
Attempted to be pushy and pitch her products, I still stood on my ground. She referred me back to the clerk to proceed with what I requested.

Following up was a series of product related queries that the clerk was unanswerable for; Just a simple thing, I wanted to know minimal amount of death benefits that I could adjust to, what was the rate like?

"Not sure, we need to try in system how much lower can be reduced"

2 days later, I asked her again.

"Sorry for the delay. System currently busy these few days due to system migration. Will keep u update once i done k"

Walao, at least let me well informed la. Totally fire-fighting style.

What a big waste of both of our times.