Thank you for your feedback. Yes, the medical insurance each covered for self, wife and my dotter.

The purpose of my posting is whether our current medical insurance is sufficient. We bought it in 2014 and that was one of the best at that time. Now i am 44 and to change to a new and better one will be expensive. Beside that o have already have illness although not that serious.

As a back-up, my wife is Pegawai Kerajaan and I have GL for government hospital (From my wife). Plus my sister (adik) is a specialist in UITM Hospital, Selayang (not hospital selayang). Plus without the GL from my wife, i am still covered for life for free from the government because I already donated blood more than 50 times to National Blood Center.

In term of life saving, as a seaman before and also working overseas,  currently I have cash: RM3,223,000 in my KWSP and ASNB. All my properties, land and cars were fully paid (No loans) and no credit card debt or personal loans.

I am still working.

My question is that, do i need to upgrade/change my medical insurance and also to get a life insurance from my condition above.

Hmmm I have always wondered why some agents ask us to buy medical insurance early to protect against escalating medical fees. Seems like there is no way to get a product that features fixed cost of insurance, guaranteed renewal, and no portfolio withdrawal clause

Hello, I’m new to the forum and need advice with the insurances I currently have. I would like to apologize in advance if my questions are very dumb. 🙏🏼

I have AIA Lifelink 2 and it comes with a medical card, these are the details:

A-LIFELINK 2
Coverage Amount: RM 100,000.00
Effective date: 17-DEC-2018
Expiry date: 17-DEC-2094
Premium: RM 200.00
Premium cease date: 17-DEC-2094

And then I bought another life insurance, the PB WealthElite:

PB WEALTHELITE 20PAY@70
Coverage Amount: RM 500,000.00
Effective date:24-JUN-2019
Expiry date: 24-JUN-2064
Premium:RM 266.25
Premium cease date: 24-JUN-2039

I’m a freelance translator and the company I worked with has terminated all translation work yesterday. I’m still in shock right now because that was my sole income. Right now, I would to have some money in my bank account in case of emergencies, so I’m thinking of cancelling the PB WealthElite. I’m not sure when this pandemic will be over and when I will have a proper job, so I would like to know if it is alright to cancel it or not, since I already have AIA Lifelink? I think both insurances have similar coverage (correct me if I’m wrong 🙏🏼), just that the coverage amount for PB WealthElite is higher. I need advice hahahah thank you! 😭

Many thanks for all sifu advice.
I want do it myself as my agent mostly will give alot "offer" to keep it run. But outbreak brad time, I memang can't continue.

I called customer care and they said can submit surrender form by email and copy of IC is enough.
For the witness sign, I asked them and they ok for leave it blank @_@. Maybe special case for MCO time all branch close?

Hi, i never take any insurance before.

Been quote this from AIA(life link). Is it ok?

Pampasan kematian - 500k
Pampsan TPD - 500k
Pampasan penyakit kritikal accelerated 250k
Age limit 70
Cash value at 70 : 16k
Waiver and save : inclusive

Monthly : 300

Hallo sir. Currently only ride on company medical benefit.
age 28 and executive.

Could you elaborate on the fund history? do i need to select the fund or what?

Sorry noobies here

Tq

Hi , I would like to seek answer what my agent said is true or not.About one week ago, my agent contacted me and said the insurance company doing offer by let me change the current policy from prulife ready to pruwithyou with medical no waiting period.As my existing policy was only 1 million for life time, then I agreed to shift to new policy.
Currently there are 2 policy , one old and one new, the old policy premium revised to lower.
Then I asked my agent  , do I still need to pay for old policy, she said no need but I afforable , I can pay it and the cash value will be more.
I felt weird why to keep the old policy as she mentioned my medical benefit transfer to new .
She answered me it is better to keep and the surrender value will just reduce a bit when I surrender 2 years later.
Can I have advise if I dont pay the old policy premium , will it really be like what my agent said, the surrender value will just reduce a little as only cost of insurance charges.
I attached screenshot but as she replied in Chinese  so hope got people can help.

Hey guys,

I got laid off a while back and my extended medical coverage benefit will soon expires. Looking at the options available online, it seems like most medical card only covers hospital visits?

Are there takaful/insurance plan that covers GP/private clinic visit? Not really concerned about hospital visit tbh since worse case scenario still got govt hospital, but visiting govt clinic for the occasional flu/ailments is too much of a hassle.

tldr: need coverage for GP/clinic visits

Ever wonder why your agent ask you surrender after 2 years and not anytime before that? your agents have indirectly asked you to buy a new policy, pay MORE premium, PAY her COMMISSION AGAIN and now you end up with 2 policies. the reason she asked you to surrender the old one after 2 years is because she will get to enjoy commission on PruWith You (PWY). if you surrender within 1 year, she will get nothing.

There is always one warning by insurance companies whereby insurance is meant for long term and switching is costly because of high initial cost. Based on this statement you really have to study whether do you really need this PWY or not.

your existing lifetime limit of 1 million is comparatively low in the market, but still more than enough. My own policy 120k per year, 720k per life, i haven't upgraded it yet but i'm planning to upgrade soon. However, if you do want to upgrade, you can upgrade. there are usually 2 options, upgrade existing or buy new policy.

Upgrade existing is cheaper, buy new policy is usually more expensive. but i do have to admit, sometimes there's a limit to how much you can upgrade in your existing but my point is, this probably wasn't presented to you by your agent and you buta-buta sign up new policy and getting weird comments like, then the old one no need to pay can only surrender after 2 years. of course you can surrender anytime 

Without knowing the details it will be hard to judge whether you need (choice of word is 'need' not should) paying for the old one but your agent has misled you by asking you buying a new one and simply asking you not to pay the old one. maybe she did the calculation but she was not transparent. your current policy is prulife or prulink one? how old is it?
short answer: GP and private clinic visits not covered. too high risk and too easy to abuse. I'm sorry for your laid off. Just try to stay healthy and dont get sick for normal flu.
WAH? AGENT TAKING OF YOU? Of course take care, NEW COMMISSION wo, sure take care one.

you deserve what i'm throwing at you. I know agent susah cari makan, saying things like this putting you in the same lousiness as you and her. protect yourself and show your professionalism, dont sit in the same dark side.

Hi all, I am planning to get a life insurance with savings plan to maximise my tax relief. My friend recommended Great Eastern Flexi Plus. Do you guyz think it’s a good plan? Is there a better alternative? Thank you

hi guys, for life insurance i realised that the total payout is much cheaper for a 5 year plan instead of a 20-30 year old plan.

for example the yearly pay is higher on 5 years for example RM10k for 500k coverage, but RM4k for 20 years. however 10k for 5 years is only RM50k, while RM4k for 20 years is RM80k.

is it actually much more beneficial to get a shorter payment term?

Age: 24
Premium: RM135/month, RM1650/year
Premium payable term: 36 years or 60 years old, maturity in 2055.

Allianz Life + Medical ILP (Alliance PowerLink + MediSafe Infinite + Optional Benefit)

Insured: RM5,000 only (I dont plan to insure a lot since no dependant yet, but planning to increase to around RM500k if I found 'the one'  ) Can someone work out if I plan to increase to RM500k how much premium would that be? That'd be great too.

Medical: Plan 200
R&B - RM200
Annual limit - RM1.5mil
Lifetime - No limit
hmmm was wondering if this plan I have is optimal? I plan to get a separate term life insurance and separate medical card instead of a single ILP that combine life and medical, would it be cheaper if I get term life and medical card separately?

Hi is CI and TPD separate riders? What is the rule of thumb for TPD and CI to insure? Yea you're right CI and TPD kinda important regardless of depandant or not

Hi all, I (36M) currently have a GE plan (investment linked):-

life coverage 150k
critical illness 150k
medical RM150/990k annual limit

Paying RM325 a month. My wife (35) is uninsured except for work insurance. We just paid off our home so now looking at medical/life insurance for both. 2 children (4/6 yrs).

Annual net income is about 85k for me and 45k for my wife.

I'm comfortable with my medical coverage, but my life coverage seems quite small. Does it make more sense to:-

1. Increase my life coverage with current provider (GE) either by topup or buying separate life plan?
2. Buy a life coverage plan with another provider (fi.life?)

At my current age, 20 year term seems a bit short (although it will cover the most 'dangerous' part of life in terms of expenses la). How much should I expect to pay to top up to 1 million (meaning +850k) full life coverage?

Frustrating that there's no way to compare ringgit-for-ringgit coverage between the providers.

Also for my wife's insurance needs, at the very least I want to get about 1 million medical plan for her (life coverage not sure yet), is it better to stick with current provider or should I diversify to other provider?

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?

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?

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

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?

Life: 1M
CI rider: 300
Whole life start 26 yo for 40 years, no ILP.

$100/month, good deal?

I feel like cancelling life insurance tbh, no plan to get married knock someone up at the moment.

I'm 33 years old, just married second year & no kid yet. Existing got ILP with 70k life insured only.

Am thinking to add more protection on life insurance. Should i go for whole life or term plan? am considering the GE Great Term Direct plan....

Hi,

I am currently age 27, and my medical policy started more than 3 years ago on nov-2016.

My medical policy covered until age 100, under GE which the premium is 200 monthly, with 990k yearly and unlimited lifetime medical cost, 50k on life/tpd/CI and 20 years premium waiver.

Recently I checked on the GE portal, it show that my policy can sustain until end of policy term.
Can I know:
1. Is it really rm200/m can sustain until age 100?
2. How trustworthy is the projection on the sustainability? Where can I get the info how the project it?