I would like to add in, overseas usually hospitalisation basically Singapore and Brunei only. Cause insurance company aren't stupid and generous. If one goes for overseas treatment, if the thing is available in Malaysia, they will only pay the price in RM and not overseas currency.

I like to counter your analogy too. If I just want to buy nasi lemak, why do want to add on extra kuih and pay for it/ayam and pay for it.

Another like from me. Haha...

This post has been edited by Ramjade: Jul 19 2023, 03:14 PM

Yes. But different insurance companies different rates. If you take. ILP, can't see the the premium include in the extra stuff.

This post has been edited by Ramjade: Jul 19 2023, 05:37 PM

You are welcome to Pm. I am not an agent hence I am unable to sell you anything.

People here said aia med regular have been discontinued and replaced with medi flex. Not sure how true is that.

For me, I just take the rm200 plan. No need so expensive cause I don't want to give insurance company so much money and I feel RM1.375M of coverage is more than enough for me.

RM200 is the plan. Room and board plan. My is AIA med regular..For mediflex should be RM250 room.

I see the med regula have slightly higher coverage. But cost wise macam same only.

This post has been edited by Ramjade: Jul 21 2023, 11:57 PM

Nah. They are still more expensive than AIA long term based off my calculation. Those cheap one are like gathercare (the on with the highest coverage), generally emedic (coverage only RM150k)

Shop around, get quotation, do your own calculations then decide. Price is not everything. It's part of the factor.

It means, eg if your insurance can cover you until say age of 80. Now it can only cover you until 75. How long is your sustainability, need to ask your agent or login to the website. On the website, they should write how long will the insurance sustain you.

You cannot do that. You still need to pay RM810. Why? It's called investment link for a reason. You cannot remove the investment part of it. Even if your funds not enough, you need to pay for the investment part.

From what I know (this is what the agent tell me, don't shoot me), if you claimed for stuff and insurance ask to pay and claim first, the time when you submit the claim to time of payment, the insurance company will send a letter to all clinics and hospitals within 40km of your house/working place, have Mr xyz have come here before. If yes for what reason? If no then you are clear. If yes, then you kantoi. Not sure how far back they can dig it up.

Someone mentioned before here before the PDPA law, insurance company exchange information with one another. Say you got rejected by insurance A and you decided to buy insurance B but you didn't tell insurance B you got decline for insurance A, insurance B will ask around other insurance company have this person been your customer? Not sure if it's still done today with PDPA law.

This post has been edited by Ramjade: Jul 28 2023, 05:04 PM

If I am not mistaken, the insurance company pay for it. It's not free. Another word my agent use, insurance company will know. You cannot run away if you try hiding it.

All insurance can cover from kid until working age. All you need to do is pay on time and full.

Yes.

Don't be greedy. Unlimited all marketing. Whatever extra feature in the insurance have already been calculated in. You pay more in premium. A word my agent use. No free lunch in insurance.

Yes. You cannot run away from premium increase. Medical insurance premium will also go up with time. Plan for it.

ILP premium increases because
1. not enough money left in the pool (too many people claim)
-this also happen for standalone
-this you cannot avoid
2. Fund not performing
- this one you can avoid. How? Do your own investment, avoid ILP. If you don't know how to invest, just dump it into EPF. You will beat majority of the ILP returns over time.

Medical premium will increase with age. You cannot run away from it. Is whether you get additional increase vs the projected returns. In theory you are not supposed to get additional increase when you buy ILP, but that's not the truth. Some people get it as early as 2 years of buying. Some get it like 2 yearly Also depending on insurance company. Some standalone medical insurance follow the projected increase to the dot. Some standalone do not. You need to research before buying.

This post has been edited by Ramjade: Aug 8 2023, 03:49 PM

I found critical illness insurance with fixed premium which is fixed for the entire duration of the insurance term.

This post has been edited by Ramjade: Aug 8 2023, 03:50 PM

On the contrary, it's 50% cheaper than what I found in Malaysia. eg.
RM500k coverage. AIA charges me RM14k/year fixed for the entire term of insurance. Sg insurance charges me only RM7k/year. No other charges. No increases. The payout coverage is RM500k but if you factor in multiplier, it's 2x more and they cover for relapses of diseases (more coverage and cheaper). Basically a better deal.

This post has been edited by Ramjade: Aug 8 2023, 04:13 PM

Even if RM is depreciating, RM7k is still cheaper than RM14k.

Mature payout from GE and AIA is a joke. Pay you at 80 years old all your premium paid without any interest provided you never claimed.

SGD

This post has been edited by Ramjade: Aug 8 2023, 06:07 PM

Don't look at oh FX risk. Why? Payout will be in SGD. You are getting double payout Vs what you get in Malaysia. And at current price it's RM7k Vs RM14k. RM7k and RM14k is big difference. Yes I know ringgit will weaken with time, but it is still a very good deal.

Go get it via moneyowl. They are not agent. Also you get 30% or 50% of first year commission back. They even have disability insurance (something Malaysia don't have). Eg if you use your hand to work, you fall down and break your hand, you are unable to work, you can claim the disability insurance until your hand heals. It's nice to have I feel.

Here you go.
https://www.generali.com.my/medical-health/...medi-outpatient

A rider plan. Likely it's an ILP. I think it's pretty clear how I feel about ILP. Only good thing is TCM la.

I only know GE GL is the one problematic (based off conversation with friends). They ask all kind of questions.

Sorry not much help. For me if I see ILP, I run far away.