Yes, someone may be getting a better coverage than you for the same amount. As Keith pointed out, other factors/purpose will affect how your policy was done. Another person probably have different needs compared to you.

Halo friend,

Base on statement the only shortfall I see is the annual medical coverage.
Like other mentioned, minimum RM1 million annual

Anyway better get agent to review your policy.
Some old policy got limitation such as cancer/ kidney outpatient lifetime limit.
Critical illness 30 days survival period compare new one 7 - 14 days.

what age is your sustainability ? i mean policy maturity

for example im 33 as well , but my need are totally different with yours
i dont mind go government hospital , so i only have average life , accident but heavily covered on critical illness as income replacement.
i do not have any medical card , therefore the chances of my policy getting repricing also very rare.

This post has been edited by ping325: Mar 1 2021, 09:22 PM

hi James, what is your job nature (occupation) and are you a smoker/non smoker?

just a general plan, 350/month for your age and assuming office job and non-smoker, perhaps you can have something that covers amount like this:
Life Insurance 240k
CI 235k
Medical with 1 million Annual Limit
Accident Indemnity 50k
With 4,200 annual premium waiver

With the benefits above, the policy sustainability will be around 62~66 y/o.

Just a rough idea for you. of course it will better to know your concerns and your needs. get something that can take away your worries and suit your needs

Hi, is it normal for insurance to revise the Tabarru contribution?
I took A-Plus Med-i from AIA. they increase the amount of RM32
I just subscribed in 2019. Can recommend should I continue or change to other policy? Thanks

Normal.

This applies to all the insurance policies out there, question is, will contributing extra RM32 monthly be detrimental to your cash flow?

hi Quidditch93, yeap its normal. medical card insurance charges are not guaranteed hence the Tabarru contribution is aint guaranteed as well...

certain company allow user to choose increase or not to increase and give out the effect of not increasing

Just wondering, selling medical card but didn’t buy medical card?

This post has been edited by Ewa Wa: Mar 4 2021, 09:55 AM

Hi ewa , case to case basis , my needs are totally different.
I mean if im in tight budget and still want to reduce risk ;
for the same amount of budget , i will give up the medical card portion for something else
which is life or critical illness , and lower down the sustainability to 60.
i will add on life booster for 20 years term

Why ? it is because im 33 now , have a 2 months old kids and a wife
both wife and kids is dependent on me heavily and the highest risk is within this coming 20 years

After 20 years , my kids already grown up and become self dependent
If nothing happen to me , then i will adjust my policy again at 50-60 age , add medical card , increase sustainability and so on

My first priority are my child and wife , both of them are dependent on me.
If illness happen to me but not died, i would need to claim for income replacement first [ as maximum as possible ]
If died , at least life claim is sufficient for them , because i add booster and reduce sustainability to max out the payout as high as possible.
For treatment wise , i don't mind go government hospital to save the cost.

If im single now and nothing to worry , for the same amount of budget , for sure i will buy medical card with millions of limit.

This post has been edited by ping325: Mar 4 2021, 12:22 PM

I am with Prudential investment-linked policy. Been with for a few years now.

If I want to change it to non-ILP , what prices I need to pay?

Do i need to start over and pay commissions all over again? I am almost done with paying commissions past the 6 years

Buying online might help reduce your premium, assuming the product you want is available. Otherwise a new plan from agent, will incur the same charges.

You can't really change, you're basically buying into a new plan.

You're paying a set premium as describe by the insurance company brochure for a non-ILP, whatever the commission is between the insurance company and the agent. But that shouldn't be a concern in the first place.

It'll be weird for you to downgrade to a non ILP tho. Whatever your motive is.

This post has been edited by lifebalance: Mar 4 2021, 10:11 PM

hi strategist, first thing first, what is your main concern? getting something to cover medical expenses for hospitalisation/surgery or to get sum of amount if diagnosed with critical illness/accidental event?

also in my opinion, dont have to worry about commission to agents. getting insurance to cover certain risk is to take away your worries.

Hi everyone,

I'm a silent reader and now wanting to get a medical insurance coverage for myself. I've gone through Fi Life package which seems to provide good bed and board rates of RM500/night with annual fees of only RM1k++. Anyone has tried to claim or use Fi Life before? Appreciate your input here.

Thanks

it's an online fintech website run by an insurance agency. (This is not exclusive and any AXA agent is able to sell it)

The plan that you've mentioned is from AXA SCO+.

This post has been edited by lifebalance: Mar 5 2021, 11:52 AM

Anyone using Allianz Medical / Life insurance? Have you guys received the premium received statement?

Not available yet.

for those who are filling income tax ; saw this clause

[max 3000] for life insurance , only can claim on self purchase
[max 3000] for medical + education , can claim on self , husband/wife and also child

for education i realise if agent : [let's say quoting a normal ILP for a child]
quote 230 and mark up 250 , the extra 20 savings will not put under education statement
quote 230 and put 20 under savor kids , then the 20 will be shown under education statement

other sifu may correct me if im wrong
my case is apply for prudential , others insurer im not sure

This post has been edited by ping325: Mar 5 2021, 04:12 PM

A few questions to ask urself b4 u want to change the current plan to a new plan.

1. Why do you wan to change?
2. Do look into waiting period 120days