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 Insurance Talk V7!, Your one stop Insurance Discussion

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mini orchard
post Oct 24 2023, 07:56 AM

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QUOTE(rocketm @ Oct 23 2023, 10:21 PM)
Any medical insurance that have dividend reinvestment element?

Also, any life insurance that can get portion of the fund/dividend cash out to use for emergency (buying bouse or diagnose with diseases) or reach certain age?
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There was but it is discontinued.

I have policies where I will received about 65% +/- pa dividend for each policy. Cash value is separate amount.

Along the way, I have withdraw the dividend with no TNC.

QUOTE(gedebe @ Oct 23 2023, 03:14 PM)
my wife just got a increase of medical insurance premium for Pru, anybody from other insurance also affected?
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If you read previous postings, many have oredi received the notices of an increased and be prepared for further increase.

It is deemed that as one aged, he will gives 'trouble' to the insurer. So before you trouble the insurers, they will trouble you first 😂.

Someone I know said that insurance is almost similar to those get rich scheme. Once you are in it, is difficult to get out unless you are willing to lose everything.

This post has been edited by mini orchard: Oct 24 2023, 08:27 AM
mini orchard
post Oct 24 2023, 12:01 PM

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QUOTE(ronnie @ Oct 24 2023, 10:15 AM)
additionally Hospital charges more if you use medical card vs cash paying customer
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if things can be remedied with Panadol / more sleep / right diet / less alcohol / less drugs / more exercise ... agents have to eat grass. 🤣

This post has been edited by mini orchard: Oct 24 2023, 12:03 PM
mini orchard
post Oct 24 2023, 04:32 PM

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QUOTE(contestchris @ Oct 24 2023, 03:48 PM)
I think there must be a revamp of medical insurance as it is. People should be incentivized to not make frivolous claims. Maybe something like NCD for motor insurance. Perhaps having deductibles is one way, but also some kind of rewards for no claims made.
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I think we should not take that comment seriously as it more of an unprofessional statement coming from someone who is not in the industry.

If at all such frivolous claims are approved, insurers have to closed shop and agents, I repeat, agents have to eat grass.

This post has been edited by mini orchard: Oct 24 2023, 04:36 PM
mini orchard
post Aug 12 2024, 11:42 AM

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QUOTE(life4 @ Aug 12 2024, 01:51 AM)
where are kl great eastern branch except HQ ? google map seem lots cannot be trusted
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The only branch that I know is in Klang.

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