Thanks for the reply . I'm actually looking for the most budget if possible GE do provide 1.5M annual coverage for 200-250 I think , looking to insure for as long as possible , Male non smoker .

Hi, planning to increase my medical nsurance coverage as currently my old plan only has 50k annual limit. My agent advised to directly buy a new policy as he calculated it would be more worth compared to upgrade as will be cheaper and more comprehensive coverage. However, I will need to maintain the old policy for one year and at the same time pay for the new policy. It doesn't sound fair to existing customer. Any idea how can we go about this?

Prudential from PruFlexi Med > Prumillion Med

Prudential from PruFlexi Med > Prumillion Med

Thanks guys for your insights and helping to check even on a public holiday 

The reason my agent mentioned is that it would cost higher for an upgrade compared to getting a new policy and also the old policy did not allow for newer features like comprehensive CI. The upgrade for medical part makes the final premium higher compared to new policy. Thus, he suggested a new policy. So does that mean I have to choose between a more expensive upgrade or a direct new policy (along with the cost of maintaining 2 policies and paying commission again for 6 years)? My old policy is already >7 years.

Thanks. This is the first time I am doing so much homework on my insurance. Still a lot to learn.
Yeah, this is what exactly my agent told me. Maybe what he meant was it is possible to upgrade but then the upgrade would cost more than the new policy. Perhaps I should check again with him in details on the upgrade. 

Also, I took a look at my insurance schedule/table and noted that at the end of policy year 30, I would have zero value in my cash surrender account (due to increasing insurance charges). Does it mean that on year 31 onwards, I will need to pay for a higher premium? Is it normal for all policy or is it only for my specific plan? Sorry for the noob questions as I am still learning.

Thanks.

hi  i would like to ask about medical card repricing for ILP. Lets say insurance company decided to increase the COI of medical card by 40%, is the suggested premium increment 40% as well? Is % increase in COI = % increase in premium? thanks

ya if want to maintain the initial sustainability, then usually the % increase in premium will be higher or lower than the % increase in COI?

Any difference for medical card sold by general insurance companies compared to those sold by life insurance companies?

I received letter from the insurance company to increase the premium for my Medical card. Any issue if I just ignore it?

If insurance plan is buy from agent, can renew and make payment online? or must go through agent?

Any hong leong agent here?

For medishield rider III, it is stated that it is covered till the age of 100.

But can the premium up to 90 or 100 be calculated and guaranteed at the time of buying?

I was told that the HLA system only allows calculation up to the age of 80 and from 81 onwards the premium has to be re-assessed at that particular age.

Seems weird since PRU and Allianz both allow calculation up to 100 straight away.

Hi. Can someone advice me on which medical insurance fits my criteria. Few things that Im looking for

No deductible charges. Insurance pay for all.
Cashless admission. If hospital itself require deposit, its okey.

Some of the insurance I found fit my match are :
1) Allianz - MediSafe Infinite+
2) Tokio Marine - Premier Medic Partner
However I dont know how good are their customer service. Open to any other suggestion / insurance as well.I also have a company medical insurance with limit up to 80k.

AIA which type ya? Theres too many type in AIA + a lot of it need to contact agent

If die due to covid, will insurance payout the LIFE insurance portion?

Hi sifu, My dad is currently 67 years old with a medical record of mild hypertension and controlled. His current insurance plan is expiring soon, what are his options in order to extend it??

Dear Sifu, i would like to review few insurance subscribed to. Mainly to ensure the coverage is sufficient and whether there are now policies that are better. Most of these insurance was chosen by my father long time back when i started working.

GE Endowment
Commence Date: 2004
Multicash Lion Endowment Series 2 with Cash Bonus (Sum Assured RM25,000)
Waiver of Premium Rider Plus (Sum Assured RM1,720)
AccidentCare benefit (Sum Assured RM25,000)
Living Assurance RIder with Total Permanent Disability Benefits (Sum Assured RM20,000)
Cash Bonus Balance: RM1.6k
Survival Benefit Balance: 15k (Option: Leave on deposit with company)
Net Surrender Value: 15k
Premium RM175.65 per month
Term: 53

GE Medical Card
Great Healthcare Plan
Commence Date: 2004
Balance Annual Limit: 60k
Balance Life Time Limit: 180k
RM703 per year

GE Whole Life
Great Ideal Living (Sum Assured: 100k)
Premier Medical Reimbursement and Hospitalization Benefit Rider (Sum Assured RM100)
Commence Date: 2012
Net Surrender Value: 23k
Cash Bonus Balance: RM1.8k  (Option: Leave on deposit with company)
RM320.70 per month
Term: 87
Sum Assured RM100k

Hope experts here can shed some light on any areas i need to increase or let go.

Thank You

I read somewhere in this forum where some insurance agent said that if a new medical card is being used (less than 1 year old), then usually insurance company will refuse to issue GL and u will need to pay and claim first. If the claim is genuine, then insurance company will pay the money to you and the whole process takes around 2-3 months time as they need to check ur past medical record and etc...

Then again, some ppl claimed that they get their GL issued just in a few hours time

Why sometimes it takes insurance company as long as 2-3 months to check your past medical record, and sometimes just only a few hours ?

Thanks lifebalance, hope i understand correctly:

1. Enough payout to pay off debts.

Assume I have RM200k debt now, so I need to increase my GE Whole Life Insurance from Sum Assured 100k to 200k, correct?
Since after few years this loan amount reduces & I didn't incur any new loan, I should review it again after 5 years to reduce it?
2. Income to sustain disability/critical illness/accident for 3 - 10 years.

If expenses RM8k per month, 96K per year, for 10 years need almost 1mil, so I need sum assured of RM1mil for Accident / Disability?
3. Medical card to cover about 200k - 500k Annual Limit.

Your advice is based on Page 8? there was a infographic on how much medical can cost (ex: Kidney Stone up to RM40k, Colorectal Cancer treatment RM80k, this is for per year correct?
Maybe one might be affected by one or 2 conditions such as kidney stone & colorectal, so per year i need to insure at RM120k correct?
For Lifetime limit, say to remove kidney stone or remove polyp from colon approximately max of 10 treatment in my life time, i would need lifetime limit of 1.25mil correct?

Thank You

Anyone knows if all allianz life insurance products are cash before cover? Means we need to pay before underwriter will underwrite the application?

Hello, I am a foreigner (28 years old/male/non-smoker) who recently got LTSVP and I am looking at health insurance plans. I recently went in for investigation with my cardiologist (including mri/echo, non-emergency) but they didn't find any problems (had symptoms that have since disappeared but were unexplained). Would this investigation limit my insurance options?

Looking for plan with no deductibles/cashless. I don't mind lower than average annual/lifetime limits to reduce premium cost. More for sudden emergency/acute injuries. Any suggestions or rough price ranges would be welcome. Thank you.