I am not sure if our insurance is ok or not.

Insurance: Prudential BSN Takaful Health Enrich Premier

Age taken: 38y (H&W), 10y (Dotter). Healthy and no illness at that time.

Now: 44y & 16y
Coverage per person: -

Age: Until 80y (If I am not mistaken)

Lifetime limit: RM4,080,000

Annual limit: RM200,000

Preferred Hospitals: Suite Room

Other Hospitals: Deluxe/Single room. Need to pay RM300 as a deposit before warded. Will get back the money from PBSN.

Warded Allowance per day: RM200

Treatments/Clinic: 90 days after warded. Pay first and claims later to PBSN

Death/Disability/Critical Illness: Will get only about RM10K. This insurance covered more on the medical only.

However, if husdand or wife is contacted with the 36 critical illness automatically both premiums will be waived by PBSN for life and no need to pay premium for dotter until she is 21 or 25 years old (Can’t remember).

If dotter is contacted with the 36 critical illness, automatically dotter premium will be waived for life by PBSN. Not sure if premiums for H&W will be waived too. Need to check later.

Get the medical report & the receipt, fill in the accident claim form. Done.
Product wise, the newer policies would definitely be better.

You have a choice to look into your existing insurance company whether they can offer you an upgrade or you can seek elsewhere if you wish to change your insurance company.

hi farizmalek, for your post here, you mean you and your daughter both have insurance plan stated for each of you, am i right?

if you will to ask me, the medical card isn't that bad with a RM200k annual limit. my concern for you is more on life insurance. you might wanna look into this risk management planning as well other than risk of forking out medical expenses. try discuss with your Prudential agent, that will help you a lot.

In short, I believe your family has good coverage currently for medical. You may want to relook on life insurance for yourself and estate planning/wasiat.

Sounds good for you.

Will suggest you look into critical illness coverage. Also wealth & legacy planing.

The premium you have saved won't be much considering you will be paying much more once you get older, whatever you have assume to "save" during the 25 period from 30 to 55 years old may be marginal against being diagnosed with any illnesses in between.

The insurance cost difference yearly of a 30 year old and 55 year old is probably about RM1000?

Again, Insurance is managing your own risk. If you think the next 25 years, nothing will happen to you. Then so be it.
Hi Fariz, from your more elaborated explanation, your medical coverage will be sufficient for now, since you are able to get coverage from Government especially your wife is a government servant.

With the age of 44 now and a sum of money in KWSP and ASNB, it will continue to snowball for you to a bigger sum in the future to cover your retirement and medical expenses (should any illnesses arise).

You can consider to look into building a legacy for your family should anything happen to you earlier.
There is no such thing unfortunately as medical expenses is a big variable cost to the insurance company.

It's like telling a wan tan mee seller to fix their price at RM5 in 2020 until year 2100 for the same portion. Would you think it's logical ?

Hi fariz,
My client same age as you 44yo
He purchase from me
Annual limit: RM 2,200,000
Lifetime limit: Nil
R&B : 400
Overseas Treatment : RM 1,000,000

Premium : RM 1,821 per annum

Although u are buying a RM150-Room (twin sharing room in most hospital in Malaysia), u still can stay above Rm150-room just u need to pay the room different e.g stay in a RM250 room then u need to pay the addition of RM100/day. But do check back your policy, some upgrade of room need to pay 20% co-insurance. read back to the policy T&C.

anyone with Great Eastern here, I have a 10 year old medical plan which i would like to cancel. My agent is no longer in the industry so am wondering who i can deal with for this

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 ?

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.

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.

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)

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

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...

Good morning,

Yes, the cost of insurance will follow as per the table. The cost of insurance is not guaranteed. This is the current rate, any changes to these table, say three years from now, you will be charged the new rates with 3 months notice. That's the standard industry practice, same with other insurers also.