When you decided to buy medical insurance, private hospitals and doctors are happy because they will go for their paid holiday soon.

The poor will also be happy because have one less Q in govt hospitals.

Either way, is a losing payment.

This post has been edited by mini orchard: Dec 1 2022, 07:07 AM

Leaving the stamp duty aside, I believed it is only right for the policyowner to assign it to the insured upon reaching of age, unless there are specific or personal reasons why it cant be done.

If is not done and in the event of death of policyowner, the policy will goes to his or her estate.

This post has been edited by mini orchard: Dec 3 2022, 06:17 AM

1. Is the treatment covered in the policy ?
2. Any excess clause ? If the estimated treatment is less than excess clause amount, then insured have to self pay..
3. Have the insured exceeded the yearly claim limit ?

1 & 4. All insurance have it.

2 & 3. It falls back on the insured what he has stated in the declaration form.

Any business by itself wont achieve much sales if done alone. They need wholesalers, distributors, retailers and now online to sell.

Is also about management, cost factors and specialisation of work.

At the end, what is important is the 'last mile' connection to the consumers.

There are always two sides of an insurance purchased ....

1. If insured dead anytime b4 16 years ... the beneficiary received a payout, or

2. If insured survive after 16 years .... he received the maturity value.

Which your prefer ?

Insurance policies are never tailored for investment returns as that was never their products objectives from day 1. Is stated in the fine print.

Selling 'investment returns' is easier than selling 'death returns' ... a marketing strategy

No any business can survive giving good returns and coverage at the same time ... no matter the planning.

This post has been edited by mini orchard: Dec 15 2022, 10:28 PM

In insurance "investment", getting back the paidup premium is considered 'good' returns oredi.

Many investors in klse and unit trusts cannot reach that level. Same with property speculators.

If objective is to buy a protection, then is same as buying a motor policy.

Dont need complication explaination.

Have an annual budget and treat it like an expense.

If a motorist can pay 2 to 3k for a comprehensive policy without questions, why a life policy have so much doubt ?

This post has been edited by mini orchard: Dec 16 2022, 04:49 PM

You want 'so much' from the plan for protection and at the same time expect returns for one price ?

Is like buying one, free two ?

From day 1, insurance is NEVER a savings plan. That was oredi the risk when insured signed on the dotted line

Is easier to sell a 'savings' plan than a 'death/tpd' plan. Insurer need another name to sell the same product.

Take that into consideration when buying future insurance.

Banks also cannot guaranteed your savings and fds ... the very good reasons why pidm came in.

Lastly, does it matter is an 'education plan' or a ' death plan' if both having the same end result ?

This post has been edited by mini orchard: Dec 17 2022, 10:23 AM

My question is
>total 500K for CI is enough next 30 years?

If you can afford any premium amount, buy the max allowed. Limit is subjective.

>when im in CI, medical card is still working?

Should you be stricken with a CI like stroke, cancer or heart-attack, your medical plan should oredi cover your treatment costs.

But if, in addition, you want to replace your lost income as when recovering, or go for other treaments not covered by your medical plan, the CI llump sum payment helps.

>when i'm in critical illness , TPD is claimable due other reason?

Insurance coverage pays independently of each plan.

>is there any plan mainly for CI and TPD? expensive? single payout or multiple payout better?

TPD insurance is usually attached with life insurance. If you think you do not need life insurance but wantsTPD coverage, then buy minimum life insurance with TPD packaged together.

This post has been edited by mini orchard: Dec 26 2022, 02:51 PM

Why cannot overlapped with each other ?

This post has been edited by mini orchard: Dec 27 2022, 05:57 AM

I think is only right you should address his concern (questions) instead of probing his past which can never be reversed.

PBe online can pay using CC or cash over the counter

This post has been edited by mini orchard: Dec 28 2022, 05:37 PM

I believed his questions or concern are about claims procedures except for 1st Q.

Whatever policy he bought then was based on his affordability in mind and all his policies insured amount are not ordinary working class people who can pay for 12k premium a year.

If he decides to upgrade, is still not late to do another FHC which is more relevant forward looking.

If your gf is not the policyowner, then she has to ask her mum to sort out with ge.

Named insured or policyholder is not necessary always the policyowner.

And likely her mum bought the policies when she was a minor.

Life insurance policy is not an investment but a wager, similar to gambling.

Policyholder is betting on an event on the porbability it will happen.

If death and illness doesnt happen in man, insurance is not necessary.

Upgrade ... continuity with certain or limited addition

Replace .... start new