So would it be better just to add on some coverage to meet the RM150, rather than paying extra for investment?

My AIA ILP plan was originally like this:

Health 6000
R&B Plan 200 (Deductible: 300)

RM143 Monthly Premium, would have to pay extra RM7 to meet monthly minimum.

Then, I added an extra coverage for HospitalIncome:

Health 6000
R&B Plan 200 (Deductible: 300)
HospitalIncome 100

RM153 Monthly Premium

I had discussions with my life planner and using the iPad I can see the monthly premium generated depending on whatever options I choose. So when I tried to go for something not expensive I ended up with RM143 monthly premium (Life 6000, R&B 200 (300 Deductible)). My concern was more towards the medical card only rather than the life hence I put life at almost absolute minimal, while I judge R&B 200 to be adequate enough for me. Since I was short of RM7 to meet the RM150 minimum monthly premium, I thought that it would be a waste to not add some form of rider to make the premium closer to RM150. I was recommended by my life planner to take the waiver extra but I decided for HospIncome 100 since I felt it would be more worth it (if I recall these two options have the same premium). Would you guys have recommended me something else?

Some Info:
Age before birthday: 23
Occupation: Consultant (Office Work)
Non-Smoker
Single

For the Medical one, should it be Surgery cost RM130,000, you decided to claim RM100,000 on policy 2 and balance to claim RM30,000 on Policy 1 so still have allowance of RM20,000 for policy 1 (touch wood).

so for situation 2 and 3 will be process the claim (of the same type of insurance in the same company and with other insurance company) as individual policy, without proportion the payout amount.

I understood that life insurance may cover certain medical problems that are not covered by medical card.

Does anybody have a list of this?

Hello everyone,

I'm planning to buy a medical insurance soon.

Details about myself:

i) In my late 20s.
ii) Not married.
iii) No dependents (so life insurance is not needed).
iv) No pre-existing illness.
v) Occupational Class 1.

Do you think a standalone medical insurance is sufficient for now or I should opt for ILP?

Any suggestions are welcomed!

Dear sifus.

I've been looking around for Critical Illness plans and found a few that offers it online. So I have been doing some noob comparison between Sun Life's eCritical Sheild-i, GE's Critical Care Direct and Takaful's myClick.

Decided myClick would work best for me due a few reasons, but mainly the others have survivability clause where I would have to survive a critical illness to claim. I can't imagine me surviving a major heart attack or stroke, but that's just me.

Before committing to myClick, I searched the forum for any feedbacks or information for self affirmation lol

Has anyone got insight or feedback or is on the myClick plan to give your review?

Dear Insurance Masters,
Just want to understand, example my dad just turn 60 years old this year,last month to be exact and according to the chart he should be paying for which group this year?
56-60=Rm2345
or
61-65=RM3518

Because in the chart they mention something attained age next birthday on preceding. Does this means he has to pay for 61 years old even though he just turn 60 years old this year?

I see...CI and TPD are separate riders, right? Whats the rule of thumb for CI and TPD?

also do you rougly know the premium for someone age 30 if they increase insured amount to RM500k? together with R&B RM200 and appropriate CI + TPD

which company got provide standalone medical card (RM100,000) with fixed premium price forever or maximum premium amount around RM2,000 to RM3,000 when 50-60 years old?

What’s the price range for this?

My plan is AIA A-enrich 20,
Is it good or can get better?

Is there any traditional medical plan for lady cover medical bills and hospitalization for person age 64 years old this December?

For traditional medical insurance, will the policy holder get any payout (cash value/dividend) when they terminate or mature?


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Any AIA agent can clarify what is Critical Illness Type 2 Coverage? How do we know the Critical illness insurance should go to 100% medical or 100% life and 60% life while remaining 40% to medical for tax reporting purpose?

I do hope you would explain to the forummers more in detail that the guaranteed cash payment is based on your sum assured and no based on the overall account value as normal consumer do not understand this terminology used by the insurance company. They would assume 2.5% - 4.5% compounded based on the money that they have in the policy.





https://www.aia.com.my/content/dam/my/en/do...20-brochure.pdf

*Correction on the wrong brochure reference earlier*

My insure sum is 23k,
So for year 5~8, the 2.5% is from 23k or sum that have been pay?
Like 5 year have been pay 11k, so 2.5% of 11k?

Guarantee cash = divided or different thing?

The guarantee cash they will send cheque?

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?

Is there any better plan than Great eastern smart protect junior . This plan is coming to rm240/month.

Hello, I am a 25F and thinking to get my first insurance.

Should I get life insurance or a medical card, with or without investment-linked? I am thinking to just start with something basic and add-on as I grow older to increase coverage etc..

What is estimated premium for those?
Age: 25
Gender: F
Occupation: Banker
Non-Smoker

Thanks sifus!

My current insurance have expired.
So im looking for something similar to start back.
After 20 yr, it has guarantee return, and some medical coverage like Critical Illness, no investment link plan, and i can less income tax life issurance portion.
Is this call a life insurance or endownment?

I dont have much knowledge on insurance, as previously my uncle was an agent, so he just recommend and we trust him and just buy.

Could anyone recommend me the name of product i should buy and from which insurance like aia, great eastern, allianz?
- Mainly just to maximized my income tax 2020.
- Somewhere around rm2-2.4k yearly.
- Guarantee lumpsum, the more the better.
- No investment link
- Include majority medical coverage even better

Tqvm

When exploring options for insurance for female 35 years (next birthday) non smoker, I spoke to both a GE agent and an AIA agent.

GE agent said RM220 monthly for 990k annual limit room&board 150 (with minimal 12k life protection)

AIA agent said RM300 for their 150 package (500k annual limit, 20k life protection).

Seems like a huge difference for reduced coverage, which means I must be missing something, but I also dunno how to ask further as they seem directly comparable to me. Can the insurance agents here suggest what the possible differences could be to cause the huge difference in cost?

Thanks for all who offered to meet me to draw up a plan, but I very much prefer posting publicly in LYN for everyone's benefit (if that's okay with you).

Hi all,

Recently my agent (who eventually became a good friend) asked me to transfer my policy to another agent which is her friend, as she said she need to resign from her agency to take a break and migrate overseas temporarily.  She will come back after a year and rejoin the business. In term of servicing the policy she said can deal with her directly.

As I do not know her friend nor do I want to communicate with him, I would like to know if there some sort of "assignment agreement" that both of them need to draw?

Thanks!

Hey guys,

I have some questions to ask regarding insurance.

So I'll keep it simple. My mum is a widow aged 65, I've lost my dad 5 years ago.
My mum goes for full-body health screening annually and is quite healthy. Non-smoker and non-drinker.

She is obviously not young anymore, when I lost my father to liver cancer, it was a huge financial impact as he did not have any insurance.

My family's income is normal, around 350k annually from dividends, rentals and salary etc. As my father left his business shareholdings to my mother's name.

I am hoping to buy a nicer house for my mother to spend her advanced years in, with a better environment than my current place. However with my mother's old age I am worried that any sudden medical situations would put us at risks as you all know certain illnesses can be very expensive to treat.

As such, my question is if it is possible for someone her age to still get medical insurance, what kind of insurance premiums should we be expecting to pay? and what are the limitations imposed considering her age.

I would also love to hear any suggestions for any insurance policies.

Thanks Guys,

but again still there is no guarantee right as in if i do a single top-up but the sustainability may still drop maybe due to medical costs going up or the ILP part not doing well....
what would be your best advice?>