make sure you are sitting beside agent and not opposite him when he is calculating the premium.
as some agent can secretly round up the amount before showing it to you.
a good agent will always explain to you first / get your consent before he perform such adjustment.

all agent is using the exact same quotation system , if all coverage is same for the exact same profile.
yes the auto quoted premium from system is exact same across the board regardless of agent.

This post has been edited by ping325: Dec 5 2020, 08:05 PM

For example all agent use the system and auto calculated as rm189 per month , agent can edit this 189 to 200 or 250.

This extra serve as an extra saving into your account that you can withdraw in future or use to offset your premium if suddenly you are in a tight cash flow.

What I mean is agent should inform you or get your consent should he perform such editing.

This post has been edited by ping325: Dec 5 2020, 08:51 PM

The life / medical benefit are still same.
For example Ali and muthu both getting rm189 quotation, for the exact same life & medical benefit.
But Ali choose to pay rm200 and muthu choose to stick with 189.

Ali will get extra rm11 savings per month parked inside his account. The coverage for both Ali and muthu still the same.
Just that Ali will have extra saving inside his insurance account.

From agent side , he is not editing the coverage or benefit. He just modify the premium paid from RM189 to RM200 like that only.
Meaning from insurance company perspective , this customer willing to pay more & serve as an extra savings.
This savings can be used as extra investment funds , saving for future withdrawal , savings for future premium holiday if needed.

Other sifu may correct me if I’m wrong.

This post has been edited by ping325: Dec 5 2020, 09:08 PM

taiping
we cant predict the quotation 30 years old later as the price will be fluctuate a lot already.
if assume we are comparing as of now , a 30 years old vs 60 years old , both exact same profile & healthy
with the exact same sustainability and exact same benefit

price for 60 will be around 2x-4x of 30 years old.
above price is just agak agak only for your assumption , case to case basis

rule of thumb for purchasing insurance is during healthy & as young as possible to avoid those risk.
once we are diagnosed with illness / or have some pre existing condition from accident;
that time it will be very hard for us to purchase insurance already , insurance company may not accept your case anymore.

that is why even government next year is allowing citizen to withdraw epf for purchasing life insurance.
to emphasise the importance of it even everyone is tight on budget now.

This post has been edited by ping325: Dec 6 2020, 05:08 PM

hi kazekage_09 have you checked with prubsn takaful as well ?

jxly55 Try to get advises / quotation from few different agent and make the wise decision.
Age 26 is still consider a very young entry age. The differences wont be significant.
If budget allow , go for ILP instead , much more flexible , anytime can edit policy to suits your needs
Accumulated cash value inside the account can be used in the future in case of emergency such as withdrawal , premium holiday , saving for old age medical costs.

Regarding dependency wise , if she really on tight budget
-she can put a low sum assured on life ( this can be added anytime if she change her mind )
-she can put a high sum assured for critical illnes
-add a suitable medical card that suits her budget and needs

This post has been edited by ping325: Dec 10 2020, 11:48 PM

when somethings is too good to be true , must download the brochure and look thru those tiny wording that stated the exclusion or remark

instead of one time top up premium which you get nothing apart from cash value
why not use that money for endorsement ? at least you can upgrade your coverage
at the same time you can fulfill your 3k tax deduction coming years...

Bro this kind of agent you better change asap. Imagine if you want to make a claim and you unable to contact your agent for assistance.
*sounds unhappy and hanged up your phone when you turned down her proposal*

Try to walk in to branch or find a reputable alianz agent from LYN. You can always request transfer of agent anytime.
However , new agent couldn't get any commission as it is tied to old agent.

This post has been edited by ping325: Dec 18 2020, 03:25 PM

Hi bro , i can share you my experience , the claim speed really depend on all party follow up skill + all document is completed during submission.
My friend took 3 month to claim due to incomplete document submitted / agent did not inform client / client also unaware;
Delay mainly due to slow response from all party when submitting the claim.

Another only took about 2 weeks settle because his agent perform a checklist on what document is needed;
assist customer on what to do,what document to prepare before submit.
After submit , constantly follow up with customer service to make sure the claim is processing.

i believe alianz, aia, prudential, others insurer also the same , it really depend on case to case basic / what type of claim perform / amount of claim.

This post has been edited by ping325: Dec 21 2020, 02:08 PM

hi mataharih , just to add on , dont simply surrender your old plan because
i) some of the add on in old prudential plan is quite good and no longer can be purchased in new plan
ii) by upgrading existing prudential plan vs purchase a new prudential plan [ let's say both same coverage ]
The price is definitely much more cheaper for upgrade instead of purchase a new

if the issues is on servicing agent and not the product , you can always request transfer of servicing agent to another person.

For policy editing , you can always :
i) remove any add on in your existing prudential plan
ii) upgrade/reduce the coverage of sum assured amount
iii) add new stuff that is available in new plan , so that you no need to purchase new policy
iv) decrease or increase your premium paid amount
*however above can only be edit if you are healthy

This post has been edited by ping325: Dec 26 2020, 05:11 PM

Mike.Chang
nowadays a lot of marketing gimmick to attract customer to sign up new plan.
maybe you can ask back this question to yourself ? is 3M limit really needed ?
this is medical coverage charged by hospital not the lumpsum payout to you
since covid is getting serious for next year , i believe bank negara will impose some new term to help consumer next year.
Maybe wait next year ? since tomorrow already 31th
hope other GE Sifu can advise as well

by the way , you can scroll back to page 109 , there is a similar discussion on this promotion from GE earlier

This post has been edited by ping325: Dec 30 2020, 11:48 PM

It’s good that you already start reviewing your own coverage while you are young . Many don’t even bother and only start look into it when they start working.

If you feel don’t want burden your parent to upgrade the policy for you then you may wait until you are capable for it.

hi you can always re-appeal to your respective insurer , some customer they hire lawyer to do so. And fight for the claim.
there are success case and fail case depend on scenario and record proof from hospital.

hmmm your servicing agent should at least help you understand your case more , report to agency managers / leader for further help.
some of the agency manager have directly connection to the top management of insurer and see whether can help appeal your case or not.

if the baby born from private hospital like sunway , they will issues a full details on baby health condition including congenital during discharge.
plus the combination of supporting letter from your gynae doctor. I think is a very good win against this claim.

This post has been edited by ping325: Jan 6 2021, 12:47 PM

hiseesawseen2k , normally upgrade old plan called endorsement whereby hardly have any discount.
those heavily promoted is new plan purchase only whereby got cashback / newbies

i suggest you can compare price of upgrade vs price of existing plan + new plan.
then you can make a wise decision
prudential today just launch a new product , you may have a look
https://www.prudential.com.my/en/products-l...rueasy-protect/

This post has been edited by ping325: Jan 6 2021, 04:02 PM

hi anhydrous yes it is normal , not just prudential but all insurer , especially covid claim this year
i forsee next year might have another round of repricing

if you feel burden due to repricing , you can adjust all your policy section by reducing benefit.
FYI normally its the medical card portion that cause this repricing
those that did not attached medical card into their plan wont get repricing much.
For example : life , accident , illness hardly get adjusted from time to time.

This post has been edited by ping325: Jan 29 2021, 01:33 PM