hi rocketm, the first one is life insurance that covers critical illness (not medical insurance), it is a lump sum payout when diagnosed with critical illness. If there is a medical card in your plan, you should see its details when you check your MyAIA account.

A-Life CriticalCare brochure here for your reference.

Hi, both plans are not medical cards.

1st plan is on CI

2nd plan is on Life/Disability.

As for reducing of the premium. You may need to contact AIA if reducing the premium would reduce on the coverage or will it maintain with lower cash value.

As the plans are pretty old already.

yes, for AIA Anniversary Life plan is those that commonly people say as life insurance + savings.

I would look for a more complete all-rounder coverage. Different people have their own plans. Your insurance agent should advise you, but it's up to you to take the action.

If you're looking for just medical alone then you should have opted for a standalone card instead of ILP.

Whether it's an issue of budget, personal choice, not sure what you're buying, have your own thoughts that opted you to choose the above for yourself. I don't know.
You're talking about life or medical ?

Nothing is really wasted. You'll be just allocating the budget elsewhere.

It's just like you have RM10 now, an item cost RM9.70, do you feel that 0.30 cents change is wasted or do you need to purposely find an item worth 0.30 cent or higher, say RM3 to make it feel better for you to utilize your initial RM10?

But then you would have overspent if you had only budgeted RM10 initially.

Getting the picture here ?
1. Medical you will have to claim from 1 card first then subsequently once it's been fully utilized, you can claim on the 2nd card (based on annual limit)
Policy 1 - Annual Limit RM50,000
Policy 2 - Annual Limit RM100,000
Example: Surgery cost RM130,000, you decided to claim RM100,000 on policy 2 and balance RM30,000 on Policy 1.

2. & 3. The amount will be summed up, example,
Policy 1 - RM50,000
Policy 2 - RM30,000
Upon CI/Death, payout will total to RM80,000.

The Industry Benchmark for medical insurance now is all about 1million Annual Limit with Unlimited Lifetime Limit. Where the premium is depends on your age and health condition.
A medical insurance is to cover highly cost medical bills from hospital treatment, such as cancer. As it cost around 50k-100k per cycle (3months) depends on what type of treatment method. From my client's record, is around 300k treatment till she recovered from it.

A limited budget due to low salary aren't an issue as you can start it from low coverage and upgrade it later, better than without any coverage at all. Will certainly suggest you to get one standalone first if possible.

Investment-linked plan is like what you've said, is kinda flexible. As you can adjust or add on any rider you wanted, such as Medical, Critical Illness, Accident & Waiver.

The investment amount of investment-linked plan will taken from your premium with these rates :
1-3yr 60%
4-6yr 80%
7-10yr 95%

Then the remaining portion will only goes into those management fee, misc fee, agent commision and what not.
This new allocation rate is only enforced 2019 by Bank Negara, as it ensure consumers premium paid could sustain the plan longer enough until its maturity.
And yes, depends on the fund your agent selected in, there's fund profile from high risk to low risk, if it does not perform. It will affect on your sustainability of your policy. Top-up might required to allows you to continue / extend your coverage longer.

If there's budget for it, it will be more affordable and comprehesive than a standalone medical card.

Here's a guideline of price for you. Investmentlink plan which includes life, critical illness, medical card and waiver.
From age, 21-30, is around 200-300/mth.
From age 30-40, is around 300-400/mth.
From age 40-55, is around 400-500/mth

Hope these info helps you. =)

you may check the fine print from the product illustration. the plan is up to 80 years old but the sustainability might not reach 80. so you may double check with agent on that.
apparently, the COI for Standalone medical and ILP medical card rider is different reason being Standalone medical card included other fees like policy fee and perhaps other misc fees (in the COI table there is no breakdown on this but just a lump sum). for ILP medical card rider COI table, the figure is only referring the rider charges, the other charges you will see the breakdown in the COI table in the product illustration.
rocketm, answer as above
hope the above replies clear your doubts.
tried my best to answer your questions.

Refer to the annual statement.

The annual statement will auto summarise for you how much went for medical and life separately for the year. Then key in that amount entitled under your exemption.

hi BlackberryBlack, so long agent can justify the reason why you wanna get the new policy, then it wouldn't be a problem. of course the agent's justification must be also verified by you and signed by you. this section is stated in the new insurance application actually.
hi edwin, if you are very sure that is the coverage amount and term you need (10 years), then yes it is worth to get a 10 years term life insurance.
for standalone medical insurance, there is no fix premium throughout the coverage. you can check in this few brochures for their plan benefits and premium rates.
Great Eastern standalone medical card online
Prudential standalone medical card online
AXA standalone medicl card online
AIA standalone medical card online
hi moiskyrie, in this case, perhaps you can look into whatever liabilities you have, one of the basic thing that life insurance helps to cover is actually to clear your liabilities.
it depends on the purpose you bought it for. basically treat it as a savings plan more than protection as the protection element is not as great compared to usual ilp plan.
end of the day decision is of course still yours, you just need to make the correct decision for yourself after analyzing what other options is better for you.
hi rocketm, are you referring to standalone medical card?

For medical plan, only Hospital Benefits or Hospital Income (depending how your policy name it) entitle for claim if admitted to hospital.
example RM100/day

Fyi, Covid19 doesn't fall under Critical Illness category. So it won't be claim under CI policy.

Generally medical plan exclude coverage for any communicable diseases requiring quarantine by law. (Covid19 under this).
Early of 2020, insurance companies came out with own statement to waive covid19 exclusion by own T&C.

As for GELM, waive the "quarantine" exclusion for treatment related to covid19 in hospitals within Malaysia. That's why hospital income can be claim if you have the rider.

What happen to medical fees if admitted to private hospital as government requesting support now? No firm answer in hand .. got to wait for more info.

It'll be covered as long as you're not gotten the covid 19.

Benefit wise depends on which company you're with

You can browse their website individually and see which suits you. The insurance company have made it easy for you to go to their website to choose the plans
Medical insurance policyholders and takaful certificate holders may apply for reimbursement up to a maximum of RM300 for COVID-19 testing (one reimbursement per individual) to maximize the number of tests that can be supported by the CTF.

Requirements & Eligibility
Insurance policyholders and takaful participants with group/individual medical and health insurance policies and takaful certificates who undergo COVID-19 tests at recognised private labs listed on MoH's COVID-19 website.
The CTF reimbursement is limited to one test per policy/certificate holder only and the reimbursement period is valid until 30 June 2021 or earlier, if the fund is fully utilized.