If the insurance company voids the policy due to non-disclosure as mentioned in earlier post, do they refund the premiums paid assuming no claims have been made before?

If i develop a condition (eg: diabetes) after the initial 2 years period, am i supposed to update the insurance company?

Gurus, expert or agent of insurance
Please advise on the matter.

My parent has a medical insurance since long time ago, and the policy said cover until 69 aka next year they will 69 .
What will happen after next year, just lapse like that then no more coverage?
Can it be extended?

The premium is so expensive about 8k plus for this year renewal, they need to assure whether it can be extended before deciding to pay for this year renewal.
Because if next year cannot be extended, it seems pointless to continue to pay for the 8K plus, because only can get 1 year coverage with annual limit about 100K only.
It is an old policy, so annual limit is rather low.

Fully understand the risk involved if opt not to renew.

The main issue, the policy will just lapse after 69?
Only if can be extended, may be got courage to renew.

They would like to keep it as well, but paying 8K plus to get the last year coverage of about 100K annual limit, doesn't seen a good deal.
Last time, not so expensive.
They have some saving and EPF to cover, or worst case opt for gov hospital. Touch wood.

I want to know why some of the Insurance Agents in Malaysia are resigning from their job?

Can I know what's the reason you all resigning?

I took an insurance from my ex colleagues previously and I noticed that he managed to get a lot of people to sign up insurance under him.

Fast forwards 2 year later, I got a letter from AIA mentioning that my ex colleague already resigned. Texted him, he said that he jumped to Hong Leong Assurance. It's pretty frustrated when I got the letter. He won't even bother to text me that he had resigned. I asked other persons that signed up insurance under him also didn't aware that he's already resigned. 

Now my insurance is handled by random lady that I didn't know at all. The only text message that I received is wishing me Happy Birthday and encourage me to use AIA+.

Hi gurus,

Need your help on making decision. I have a CI policy for 20 years and I felt like terminating it for good this year. What are the criteria one need to consider before terminating insurance policy ? In my case, the coverage is quite minimal as the face value is around 65K ish....

Hi See my reply below...

1. I can afford the premium.

2. I can afford 65K..Hence I dont see the need to continue paying 100 per month for the product.

I have unlimited mobile data, dont need to scrimp over it :-)

Why do I post the question ? For validation...

Hi Sifus,

My Insurance Agent shared this campaign to me.
Seems quite worthwhile as able to double my annual limit.

Just wanted to know your opinion if worth to take it up, if it doesn't increase my current premium (or increase by a little)

Great Eastern Double Annual Limit Campaign

Can I confirm CI is Critical Illness and PA is Personal Accident?
Actually i never really thought of that, i always felt that if one discharged after (touch wood) being hospitalized, everything would go back to normal.
Maybe for minor cases then yes, but if major cases, then we may need insurance money to supplement our daily spending, in view that we may not work the same post hospitalization.

My policy does have lump sum critical illness benefit though, but definitely lesser amount compared to the medical coverage
i guess best to have insurance policy that is "balance" in terms of during and post hospitalization.

I have a new recruit and I took the opportunity to go through our contracts again.

Life planners like myself are deemed to be acting and giving advice, collecting payments on behalf of the company. Hence the liability lies with the insurer.
The insured can actually sue Life Planners like myself for mis-selling, and the insurer will be involved as well.
The insurer will be the one taking on the liability, while my contract with the insurer and my license is on the line.

So to circle back to one of our forumers’ previous question, I’d like to correct myself:
Yes, individuals acting in their own capacity to influence others in their insurance purchase are liable for their own actions, and can be brought to court, if a prima facie case can be established.
However, such cases will not be entertained by the OFS as it is outside of its range of services.

I think yes, if they asked about that or asked for that.
But for the past many weeks, this thread seems to be had been "hijacked" by you for "sharing" of your info.
Not much had been shared by "qualified" n licensed forummers in this insurance topic.

The "way you shared it" only served to guide those that wanted to buy insurance to "follow" you.

Which could be not always a wiser choice.

Just my observation....

They are not obligated to do that.
They are not depending of replying here to get income from it.

It will be those that really wanted to buy insurance that could be missing much info from the other side or a more holistic side

Those info shared by Ramjade are NOT wrong,...

Thus there is nothing to be corrected.

It is the potential buyer to did not get the other side of the stories or a more holistic story that could be in the disadvantage.

I too feel that many "qualified" n "licensed" forumers here are only giving common answers without any depth and at the end bring nothing to the table.

"Depends on your financial situation/goal blah blah blah..." basically just mean "PM me for details".

Yes they are licensed to seek more info...

Just like a doctor will not simply provides diagnosis based on just ...i got headache.

For what? When the thread is been "hijacked"?

Look back 6 months for their comments and posting made

But if the place they wanted to get more info to decide ( like this thread) to decide if standalone or ilp, ..only et info and suggestion on standalone and all it goodness and all the bad of ilp.

Then the buyer could end up losing
Especially from non licensed respondents.

BTW, those that wanted to know more about standalone or ilp which is better, can always get from Google.

I too feel that many "qualified" n "licensed" forumers here are only giving common answers without any depth and at the end bring nothing to the table.

"Depends on your financial situation/goal blah blah blah..." basically just mean "PM me for details".

Bcos most of the questions posted has alot of unknown info inside...

But the answes given on standalone points to cheaper, ..
Is that a winning and legit answers?

PM could be for privacy or confidentiality.