QUOTE(TechnoG @ Mar 9 2020, 09:44 PM)
I am currently paying RM189 p/month on Allianz PowerLink,
150k on Life,
150k on TPD
150 Medical
Currently my agent is trying to aggressively push some Allianz Rider which cost another RM200 on top of my existing RM189 which I have no idea what is it about.
Do you think I am over insured for a 24 healthy male? social smoker and no known health issue.
feel like cancelling my medical because health coverage is unlimited by employer
Looks quite sufficient to cover for a 24 year old especially if you're not married. But you may want to consider a top up to cover for critical illness as income replacement if you're critically ill.
However you may be required to do a top up if you wish to prolong your policy benefit for a longer duration.
QUOTE(anwa @ Mar 10 2020, 06:29 AM)
When I was looking for medical insurance 4 years ago, the reason I took manulife was I think it's the only one with coverage till 99yo. Only now most company follow, otherwise most only offer till 80. I differ regarding what you say that we don't need insurance after 80. With medical advances and also statistics have shown, high chance most of us will live more than 80yo. If not mistaken, average lifespan of Malaysian male currently is 76 already. Furthermore, statistics have shown we spend 80% of our medical treatment cost during the last 5 years of our lives. I wouldn't want my family to be burden with high treatment cost when I get sick at 85yo.
Not sure if my thinking is correct. Would love to hear opinions from others.
When a policy says it's sustainable until 80 years old, it means your current premium payable may last until that age, but you have the flexibility to stop anytime or to reduce the premium if you don't wish to continue until that long.
QUOTE(thomasjames @ Mar 10 2020, 06:41 AM)
Recently bought an accidental coverage package. I been thinking. If accidental injuries and visit normal GP then can claim but the thing is is it really necessary ?
Because only accidental causes that can be claim. And if injuries medium might as well admitted to hospital to claim medical insurance.
Thoughts ?
Personal accident besides just accidental injuries, it also covers for lost of limbs, so it's not necessary just for the accidental reimbursement.