Hi jiaen0509, if the blood test will lead to hospitalisation or any form of surgery, it will be counted as pre-hospitalisation diagnostic test and you should be able to claim medical card for the blood test.

It will be dangerous if the report is good, then I have to pay for the blood test fee right?

How if I enter ward first, the test etc will cover by medi card?

Yes, if you are required by doctor to be hospitalised, the treatment or any tests can be claim under the medical card.

Super busy, forgot to reply. I guess in your case you do want to uograde but i think the how it was presented to you was not very fair. But having said that the cost with upgrading is very high, hence feels like you kena tipu abit. Sorry no time to help more.

I dont think i can explain without writing 3 paragraphs and i'm not sure if that is enough to make everyone understand.

I guess this is what you need to be aware of.

Your family member may have bought it on a different month? It will come.

Whatever recommended by GE, i will suggest you follow. Should have some easy step as GE should make it easier for you to reply to them. Typically works like that.


This post has been edited by adele123: May 20 2020, 12:50 AM

hi jiaen0509, how is your foot now? what cause the foot pain actually? I actually won't recommend you use your medical card for purpose like this. I mean if you wanna try, you still can, just to try whether insurance company can approve or not. normally for normal blood test/body check, if it can be done outpatient, then highly likely the the GL won't be approved. so long doctor can give a solid reason for the necessity to admit you for further check.

anyhow, whatever fee you'd paid for check up, you can keep it and claim it IF within that 60 days, there is problem arising due to the root cause for doing the blood test/body check and admission is needed. just keep us updated here and we will assist you.

If you are not hospitalised or claiming for outpatient accident, then you are not eligible to claim if its just a minor problem.

Hi everyone,

This is my first time postion on this session of the forum.
I am 29 year old, married with a kid.

i am saving around 4k/monthly after deducting all my monthly expenses including current Life Insurance, PA, and Medical+Life.

Below are the premium I'm paying and coverage I'm getting.

AIA -Anniversary P.A --> Yearly Premium : RM 1060 -> Coverage : RM 1mil Death/Dismemberment

AIA -Medical+Life --> Monthly Premium : RM 330 --> Annual Limit RM 1mil, No Lifetime Limit, Death Benefit Rm100k+Fund value & Bonus

Allianz PremierLink --> Monthly Premium : RM 1.5k -->Sum Assured RM 2.1mil

Recently my AIA agent came to me with A-life Wealth Care plan to increase my savings and at the same time provide protection for my family upon my death.
She said with a monthly premium of RM 700, the sum assured will be around RM 1mil.

I wanted to know is there any other insurance company with similar plan for me to compare before I make a decision.

Hi

Any reason you need that extra RM1 mil for ?

If not then you may be over-insured / buying for the sake of buying.

AIA's A-Life Wealth Care is an investment-linked plan. You need to check whether your agent quoted is based on age 70, 80 or 100 coverage which will affect the premium. The "savings" inside any investment-linked plan is used to pay off rising insurance charges in the future. Which means that the savings or cash value will deplete on its own when the insurance charges is higher than the return on investment.

If you plan to withdraw the cash value, it basically means that you are spending future money so technically it is not really savings. Make sure that waiver is included in the policy as well so when you are diagnosed with critical illness, you do not have to pay for the premium anymore (until the coverage ends).

When do you need life insurance?
1. If your family relies on you for the lifestyle they are living (including children for their future education).
2. You have debt (house mortgages and other loans)
3. You have a high-risk job
4. You want to build an inheritance for your family

Considering you currently have 3.2 million life insurance (1 mil + 100k + 2.1 mil), you may consider adding critical illness coverage which will pay you cash lump sum if you are diagnosed with critical illness. You can consider similar plans like SmartProtect Legacy Max from Great Eastern.

Hi,

Anyone, to help with MLTA?

Thanks

What’s up.

Hi, Jiansheng Teh

I'd like to apply MLTA insurance to cover my house loan. I looking for some advice.

1. is the term MLTA useful?
2. long term MLTA suggested? (equal to House loan term)
3. what are the key areas I should focus in MLTA?
4. Are the returns are guaranteed at least 90% of proposed?

Thanks for the assistance

1. MLTA is very similar to traditional life insurance.

Main features of MLTA:
- Policyholder is protected against death/TPD as well as coverage for critical illnesses.
- Sum assured does not decrease overtime unlike MRTA.
- A portion of the premium goes to investment which can be withdrawn anytime.
- Transferable whereas MRTA is non-transferable and stick to the original property purchase.
- MLTA's beneficiary is you whereas MRTA's beneficiary is bank

Because of these extra coverages, MLTA's premium tend to be higher than MRTA.

2. Depending on your needs. You can have the MLTA designed for whole life or just for a period of 20 years.

3. Add critical illness coverage and waiver rider. Ensure that policy sustainability can last for the period of coverage.

4. Returns are not guaranteed. 90% of proposed is relatively on the high side. You or your agent should monitor your funds in the insurance policy and advise you accordingly on when to switch funds based on market performance.

This post has been edited by GE-DavidK: May 22 2020, 07:28 PM

The other insurance agent has already more or less given you an answer to all your questions.

If you’re currently applying for a loan, do get the information on the MRTA offered by your bank. Compare their benefits and cost then you can make your decision.

If you currently already have a property loan but no insurance, you can consider a MLTA or even a term loan. Which product you choose really depends what’s your plan for the property that you’ve purchase and also your own financial situation.

Best,
Jiansheng

This post has been edited by Holocene: May 22 2020, 08:45 PM

awesome info! thanks for that.

Term MLTA I referred to fixed payment years and coverage is higher than paid years.

Pay for 10/20 yrs and coverage is for 30/40 yers.

Anyway, All I can see is Insurance is to protect the family and little benefit at maturity if we choose a high premium.

Thanks,

thanks for the info!

hi linkham, what is your main concern when she approached you for the RM1mil life insurance? do you intend to increase your protection more or accumulate your wealth more?

hi rodeon, basically if you are just focusing on your house loan, so long the coverage term can cover your house loan tenure (or more its okay also) and the life insuranceamount is also = your home loan amount, then its ok already. the returns in any investment vehicle is not guaranteed ya. the projection is always just an estimation.

Thank you Denion. The one suggested by HLA was a very min premium which just covers the loan only. I thought of getting some returns by increasing the premium.

The reason I posted here is to get an idea on which Insurance company is trustworthy. And easy to do the paperwork in case of demise. As well as Long or Short term Pay.

Any suggestions are welcome!

happy holiday people, #StaySafe.

Hi Linkham,
Is the proposal an addition to your existing life insurance or you intent to replace it for Allianz PremierLink?

Hi Rodeon,

In terms of trustworthiness, all Insurance companies are regulated by BNM, very likely the policy would be honoured if terms of the policy are adhered too. Similarly if required documents are complete, there should not be any hassle in making a claim.

Your intention to get "some returns" is very possible with the additional premium that you may pay. However, for the returns to approximate at least 90% of the proposal (as presented by the Agent, I suppose) it would depend on the market condition as the investment linked plan assumptions are based on certain criteria.

There are products/policies where you pay for 10/20 years but cover a longer period, day till age 70/80.

Enjoy the long holiday.

This post has been edited by Cyclopes: May 23 2020, 02:17 AM