Medical card premium increased
|
|
 Oct 29 2020, 02:26 PM
Return to original view | IPv6 | Post
#1
|
 
Junior Member
324 posts Joined: Apr 2020  
|
QUOTE(kashvinvj @ Oct 29 2020, 09:16 AM) Do you purchased standalone medical card? Its best to purchase ILP plan medical cards where your premium will be fixed until contracted period. This is misleading. Premiums are not fixed even for ILP and can change.  Which insurer guarantees no change in premium AND no change in coverage when yearly renewal is due? Happy to stand corrected if you can show me there is such a product in Msia. This post has been edited by Ray2021: Oct 29 2020, 02:35 PM |
|
|
Oct 29 2020, 02:34 PM
Return to original view | IPv6 | Post
#2
|
|
Junior Member
324 posts Joined: Apr 2020
|
Insurance is important but gets a very bad reputation by "scammer" insurance agent/ planner that says ILP/ Investment Linked Plan premiums are fixed.
QUOTE(kashvinvj @ Oct 29 2020, 09:16 AM) Do you purchased standalone medical card? Its best to purchase ILP plan medical cards where your premium will be fixed until contracted period. QUOTE(kevin23 @ Oct 29 2020, 10:35 AM) Dont buy lo if u think scamm. Any hospital bill u pay urself lah. This is what we call penny wise pound foolish. Wanna jimat 200/month which is 2400 a year . In 10 years its only 24,000 Sekali kena hospital bill , 50k-100k easily. Cannot understand Malaysian mentality. But when got new rtx , new iphone, new samseng, they dont blink an eye and immediately buy. Topkek |
|
|
Oct 29 2020, 02:46 PM
Return to original view | IPv6 | Post
#3
|
|
Junior Member
324 posts Joined: Apr 2020
|
QUOTE(Thrust @ Oct 29 2020, 12:50 PM) My agent told me if I accepted the RM50 increase, there no problem also as the after deducting the cost for medical premium, whatever remains will be park into the Investment Link rider. The fund that is generated in the IL rider can later be use to offset the medical cost premium in the future. Please research or even google how often the IL component failed miserably to keep up with the cost of insurance/ medical premium. Agents try very hard to sell and mislead on ILP because much higher commission. Conveniently do not advice on standalone medical cards. BNM had to intervene and mandatory change the rubbish forecast that insurers give on ILP performance. At least make full disclosure and let the customer decide especially the poor and vulnerable ... instead 'scammer' agent try to hard sell ILPs to for fatter commission even when standalone may be better for the customer. ParkBoGum liked this post
|
| Change to: |  0.0133sec
 0.93
 6 queries
 GZIP Disabled
Time is now: 15th December 2025 - 10:16 AM |
Quote