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!

hmm strange but my case, 3months now still no result yet until today.

4th March - Submit all documents for claims
24th March - Ask for status, they replied currently under processing, when I ask what is the average time to process a claim, she reply me to give them 5 working days to process... ok I give them another 5 working days
2nd April - still no result or reply, I send in another email to ask the status... this time, she tells me that she forward my enquiry to department in charge, and said "if you not hear from us within 5 working days, please reply to this email", What the...................
6th April - Finally got reply on 6th April, asking for additional documents, one of it need letter from HR... MCO, all office closed, delayed
19th May - all additional documents ready, submit to insurance
28th May - Send email ask for claim status, auto acknowledgement said 5 working days to reply my email, but no reply
2nd June - Send another email ask for claim status, auto acknowledgment said 5 working days to reply, but also no reply
10th June - Send another email with all capital letter, only they reply my 28th May email. this time they reply to give them 7 working days, What the...... talk like I juz submit documents yesterday

until today, no reply at all... you said 3 days to know the result, in my case, already more than 3mths not yet know the result zzzz

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 endowment?

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

Thanks for ur reply
I have an existing medical and investment link bought from my uncle previously. Thats why i dont have faith in investment link.

Im interested in the traditional policy coz my main purpose is to max my life insurance portion in tax deduction but at the same time help me save some money and so long i get the guaranteed amount at same value of what i have paid or alitle bit more would b better. And yeah critical illness only should b ok. And 5, 10, 20 yrs sounds good to me, and depends which gv me a better return %.

Yeah could u recommend some traditional policy for me, prefer great eastern, aia, allianz, pru to compare with.

Age 38 f
Non smoker and no history of any medical issue
Office 9-5 white collar

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,

Actually it was my agent help me submit all my documents thru online, i gave him all my docs on 3rd March, the next day he help me submit all the docs, he even screenshot the submission and send to me in whatsapp... i login online check and it is really submitted...

even the day the insurance reply for additional documents, he directly call me bout it on the day he received the notice... i guess my agent is really do his job... just that the insurance company process my claim is not
yea strange right? i send email last friday to ask bout the status again, as at today 2.30pm, no reply

lucky your client's claims go thru without problem... i got user online, but there is no where to see the claim status, only wait for online letter notification...

i use credit card to pay my medical fee, now enter the 3rd month, i paid the interest almost 2k, pay for free, pay for nothing... too bad, couldnt claim the interest with the insurance due to their slow in process the claims...

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!

Hi, I need a third unbiased opinion.

So I have two agents from two different companies proposing me ILP plans. Which one do you think will be worth it for my long-term commitment?

Company A:
Monthly premium: RM180
Life: RM100k
CI: RM50k (multiple claims including early stages etc.)
PA: 50k
Medical card: Co-insurance RM300
(The agent reasoned with me that since their medical card is cheaper than the rest, actually I could save more and use the saved money to pay RM300 when I need to use the medical card)

Company B:
Monthly premium RM210
Life: RM100k
CI: RM50k (including diabetes benefits & etc.)
PA: RM50k
Medical card: Zero deductible

At first I was going for Company A but the difference between A and B is only RM30. So if I go for Company A, I would only save RM30x12 months = RM360 per year. Whereas I could use that money to buy plan from Company B with cashless admission. However, Company A reasoned that I won't be going to the hospital every year.

I think that it's like a gamble.
Company B: I pay annually an extra of RM360 more than Company A's premium but I can use the medical card hassle-free, but also I may be healthy and not have to use the medical card
OR
Company A: I can save RM360 for a few years if I never do any claims.

Which one is worth the risk/gamble?
I'm leaning towards Company B but I have to hear an unbiased opinion.

Thanks GE-DavidK, I'm looking for standalone medical. May i know how much does the premium will be increased every 5 years? Insured age is up to?
Kindly pm me the info. Thank you.

Hi sifus.

I recently got an insurance plan from AIA
It’s the A-life link 2 with a premium of rm2.5K per annum.

Coverage amount is 10K
A plus disability = 10K
A plus health = 1.5M per annum.
A plus waiverex basic(70)

Could someone briefly explain / tell me whether my insurance is good? Currently 26 this year.

I hardly can understand what am I covered / not covered. Thanks in advance