hi MiKE7LIM, with RM250 monthly premium, the benefit is considered good.

hi Chyan, with RM180/month, most likely the plan will be more focused on medical card. life and critical illness benefit will not be a lot. at least it is something good to start with.

AIA Medical Insurance A-Plus Health (Deductible)

Eligibility
Malaysian and Permanent Resident of Malaysia

# of Panel Hospitals
82

Maximum age of entry
70

Maximum age of renewal
99

Guaranteed Renewal - Yes

Co-Insurance - No

Deductibles Apply - Yes

Can anyone advise the pro and cons if taking this AIA insurance. Thanks

The COI varies from different companies depending on the medical card benefits, the best way to compare is to look into the COI table provided by the insurance company.

You can walk in to GE or give them a call to find out how you can surrender during the MCO

Same as above

Hi, the plan looks okay

Hi

ILP plan may look cheaper because of the investment return over the long term compared to a stand-alone but is not necessarily cheaper.

Based on the above mentioned age, you can get it within RM180 but the term of coverage may be shorter

Plans from AIA are good so far, the coverage are quite comprehensive although cost of insurance maybe on a higher side.

What will be your main concern ?

hi fariz, you are looking at their latest medical plan which comes with many other perks if you sign up for AIA Vitality as well.

I am looking to change my wife and dotter medical insurance. Their are still healty. Me cannot already. WHat is deductible?

and my concern is whether this will be a good medical card compare to others and any hidden disadvantages that I should know about. Thanks

i am looking for cheap but good coverage medical card.

A deductible is a fixed cost that you share with the insurance company in the event of a claim, depending on the amount of deductible that you opted, you need to pay that amount first and the balance is paid by the insurance company.

Major disadvantage I don’t think so with the newer medical cards, though they have different benefits offered for outpatient.

My advise is for you scout around if you would like to know the pros and cons or seek a independent financial advisor that does not side with any insurance company to give you the best solution.

alright thank you Tuan

Hi,

I'm 32yo. Airline pilot.

Looking for a good insurance plan. Leaning towards AIA. Medical card and maybe life insurance.

I used to have one with AIA 9 years ago. The sale pitch by the agent was it was a 'Loss of licence' policy. But actually there's no such thing. It says on my policy booklet, the plan is : AIA Assurance Account. If i'm not mistaken it is under 'occupational' policy or something like that I really don't remember. It was also an ILP. I cancelled it years ago. An agent tried to sell me the same policy, but i'm a bit wiser now, so i asked to show where it says 'loss of licence', well it doesn't. I don't think it is right to sell something when it is not what you say it is, even when it is similar.

My company does cover me for permanent loss of licence, hospitalization and also death. But the amounts are not that high. So thinking of additional insurance.

Okay so now for me personally I don't mix insurance with investment. Can anyone suggest any policy that i can read up on? Medical card and life insurance. Preferably AIA.

And also is it true when people say you should get either a life insurance OR an MLTA but not both?

Thank you in advance.

This post has been edited by afif737: May 2 2020, 09:31 PM

Medical card with ILP generally comes with life insurance and critical illness coverage. Loss of license means provide coverage for pilots alone. For medical card/life insurance nowadays, any permanent disability or critical illness regardless of your occupation will be covered as well.

On whether mixing insurance with investment in ILP, you can do so by maximising the insurance coverage but the sustainability of the policy will be short. The investment/cash value is used to pay for the rising insurance charges in the future. If you are planning to get insurance for long term (i.e. coverage until age 80), you are still better off getting an ILP instead of term insurance/stand alone because ILP will be cheaper than term insurance.

MLTA is a type of mortgage life insurance which is a type of insurance to protect against the house loan you signed up for. Whereas for life insurance it is used to provide peace of mind and reduce financial loss or hardship faced by your family if you passed away.

In a person's lifetime, it is common to have multiple life insurances running at the same time. Different people have different needs and how much they want to leave behind for their family. So, how much life insurance you need is dependent on you.

hi fariz, if you are comparing COI, cheaper ones are Prudential, GE and HLA. For AIA, Allianz and Manulife, the COI is slightly higher but of course the benefits differs too.

hi afif, i'd never heard of 'loss of license' policy. for AIA latest medical card, you can actually find it on google.

as of life insurance, it will be more on risk management planning based on your current lifestyle and needs. (MLTA is actually life insurance termed as MLTA)

thank you bang

Thank you for your reply. The bolded part, it's quite difficult to say because if we lose our licence for example bcoz of a critical illness like diabetes, we won't be able to fly but we can still work elsewhere. but since we fall back to our spm bcoz we lost our licence,its gonna be hard to find a job. So an agent explained to me, in that case the insurance company will not pay up because we can still work elsewhere.

Hi. You've never heard of loss of licence because it is only offered by airlines. So as far as i know, no insurance company offers it. But some agents try to sell their product using this term which i think is wrong. I was young and ignorant when i got the policy 9 years ago. A few associations outside Malaysia do offer loss of licence. This is why I'm only looking for a medical card and life insurance.

There was a friend who told me that his life insurance coverage is RM1 mil+ and he's only paying like RM2000+ a year for it. I forgot to ask him from which company and i honestly don't know anything else about it other than those figures. Is it plausible to have that kind of coverage at that price?

Do read up on the Health Wallet and how Vitality can add value to your AIA Medical Plan.

This post has been edited by Cyclopes: May 4 2020, 06:06 AM

They are restrictions based on nature of work due to the inherent risk of the job, that certain plans are offered with higher premium or declined but there would be specific policies that cater to certain industries.

There are various options to keep a premium affordable for high coverage.

Thank you

https://www.aia.com.my/content/dam/my/en/do...rochure_1st.pdf

Is this insurance ok?



one of the Q&A in the AIA website:-

06: WILL MY COST OF INSURANCE INCREASE
AS I GET OLDER?

As the Cost of Insurance for A-Plus Health is
deducted depending on your attained age, it will
increase as your age increases.


Is this mean that every year the premium will be increased as per the table below...

Thank you and appreciate for any advise...