If it's rider then it's must be attach to something right? Is it attached to life/critical illness? If you look at standalone cards there are no rider. So the word rider already imply it is not a standalone. I don't have any HLA experience do cannot comment much. But I know the word rider means it is attached to something.

If you want cashback for no claim, take a look at Generali (It's an ILP).
https://www.generali.com.my/medical-health/onemedic-elite

All medical insurance premium will always go up with age. Cannot escape. Need to plan in advance how to pay for it in the future. 2 very simple way.i will always recommend.
1. If you don't know how to invest, dump it into EPF
2. If you don't know how to invest and want higher return, dump into a S&P500 etf.

Always go for deductible to lower your premium. Deductible is so you pay part of the insurance first then the balance the insurance company will fork out.
If you are working and covered with company insurance, choose the highest deductible to save on cost. Make sure to ask agent for black and white, can you lower the deductible in the future?

Take a look at AIA mediflex (standalone) RM250 room and board. RM1.2m limit. They have deductible with RM20k which you can downgrade when retired. Only thing they don't have is TCM.

Medisavers also have high deductible. Only issue is hard to get medisavers agent. Mwdisavers have the lowest premium of all the insurance I checked (if you are taking until 80 years old). I skipped HLA as soon as I see the word rider. So can't comment on HLA.

This post has been edited by Ramjade: Aug 13 2023, 01:36 PM

The closest you have is by fi.life. I have experience with such agents. Solution, keep looking for another agent and cut off this kind of agent. Keep looking for agent that you like to work if. How to find new agent? Just drop your contact on the insurance company website, someone will contact you shortly. Whether the new agent is pushy is another question.

Which is better? AIA mediflex 250 or AIA med regular 200? I like mediflex for high deductible. 180 days post hospitalisation. Can save money and they have outpatient influenza like dengue. only downside is limit I think limit reduced?

He want life insurance.

Try fi.life. Insist to your agent you want standalone without any investment. If agent throw you the black face look, look for another agent.

Also do checkout moneyowl from Singapore side. You might get better deal like what I got for critical illness.
Malaysia coverage RM500k, premium RM14k fixed for life until 80 year old
Singapore coverage RM500k with 2x multiplier, premium only RM7k fixed until the age you want to cover it for life. If you choose for life if course more expensive

This post has been edited by Ramjade: Aug 13 2023, 11:39 PM

More or less like the plan I got from moneyowl. But because my coverage is higher hence my premium is RM7k.

From your quotes, you can get cheaper and better coverage from them.

Downside must travel to Singapore to sign the documents.
https://www.moneyowl.com.sg/contact-us/

Contact them, meet via zoom, let them design and talk to you step by step plan of the insurance. It will take 1-2h of your time.


This post has been edited by Ramjade: Aug 14 2023, 01:53 PM

English. You have to be careful. Some plans want you to be have diagnosis done in Singapore. That means fly down, get the diagnosis reconfirm by the Singapore hospitals and they will pay for all the hospital consultation. If the diagnosis does not match the claim, then no refund for you you. This is Manulife Singapore.

My plan accept Malaysian hospital diagnosis. You just need to have a Malaysian notary sign off. That's all they want. Yes diagnosis in English.

They told me because Singapore is global hub they have so many expats who bought insurance and went back to their countries and claim later years down the road. So no issue claiming.

This post has been edited by Ramjade: Aug 14 2023, 02:30 PM

That's why make sure first no such issue in black and white.

Basically everything Malaysia receipt have English and Malay in them. No issue.

If I am not mistaken my contract states report must be in English. Report is written by doctor.

This post has been edited by Ramjade: Aug 14 2023, 06:16 PM

All companies will have it mor for less. I know AIA, great Eastern, medisavers have standalone one without the investment part but you need to be specific and ask for it.

You can even design your own with deartime. It's basic and it cheap. Check it out.

For me personally, I avoid anything with the name Great Eastern on it. Reason is I feel that it's easy for them to take your money but when I heard so many stories about great Eastern, it's like they are insincere about payout. Don't get me wrong, they do payout but they seem to try to go the extra mile to try to delay/denied claims.

This post has been edited by Ramjade: Aug 16 2023, 12:41 AM

Thanks for pointing it out. Well it is legit as they have BNM license. Btw first time I know insurance also need PIDM. Lol.

I have move on to non PIDM. All my funds are not PIDM protected so it is not much of an issue.

If you don't feel secure with desrtimre you can always go for fi.life they offer same stuff too. You can customise how much coverage you want and then see if you like the premium. For their life, tpd and CI, I think it's under tokio marine.

I have played around with deartime and like their interface. Only issue I had was their medical coverage was so low (well it's designed for B40 group). Had it been in the million coverage, I would have signed up with them.

That's is taking a premium holiday or you are bad pay master. As long as got cash value, it will continue to deduct the cash value until it reaches zero. Then insurance will lapse.

Cons of doing that sustainability decrease lo. Eg. You buy insurance until 80 years old, because you didn't pay your premium, now maybe it can only last 79 years. Eg only. Don't shoot me.

That's why I said ILP is good for people who are not very good pay master. Cause you can "forget" to pay or really forget to pay for a short while and you are ok.
Everyone on that plan will be affected. Of course I have read that sometimes those on the super high room and board tier won't be affected so much compare to those in low to mid tier. From what I have seen with Axa I think those on the most expensive tier was not subjected to price increase while those on low to mid tier all get price increase. Not sure if it's applied to all insurance companies or just AXA specifically.


This post has been edited by Ramjade: Aug 30 2023, 04:44 PM

Keep in mind if you switch to cheaper plan, your coverage also decrease.

My opinion just go for it. Withdraw it and dump into EPF. If you want more returns, use s&p500. If you engage a agent, see if they try to upsell you more products. Haha...

adele123 I saw from their announcement and their pdf file. That's how I know the higher tier plan not affected.

1. New insurance will always be better.
2. If you are healthy and no illness, yes you can always buy new and better insurance.
3. Keep in mind company insurance is for as long as you are employed. If you are no longer employed, you can kiss your insurance good bye.
4. Keep in mind when you buy new insurance, there's like waiting period 2-3 years then you can use insurance which means you are generally not covered until you pass the 2-3 years. Officially it's 2 years. Unofficially it's like 3 years.
5. If you want cheap premium you can always find insurance with highest deductible like RM20k. That kind of insurance premium is cheap.
6. Alternatively use gathercare.

Is for specific illness like diabetes, high blood pressure, heart attack, stones, cancer. If simple stuff like food poisoning, dengue, or accident with broken bones no issue. This is true for all medical insurance.

You might want to look into AIA Medi flex. They have deductible up to I think RM20k which will lower your premium by a lot.

This post has been edited by Ramjade: Sep 3 2023, 12:53 AM

Recommended coverage is around 3-5x your annual salary. If you want more kiasu then 10x your annual salary (more expensive). You can actually DIY your own critical illness illness yourself too.

Depends on how you see important or not. If you lose your job or need go for prolong leave because of your illness, can you afford it?

Don't bother about AIA critical illness. Expensive for the same coverage and lower payout.
Take a look at Singlife Insurance
Some recommended ones are
Singlife Multipay
-only critical illness with coverage for all stage of cancer and even cover cancer relapse
Singlife elite
-it have life, tpd, basic critical illness or + early critical illness rider
Downside is you need to travel down to Singapore to sign the documents and it's priced in SGD. But way cheaper than what AIA offer. I will give you one example.
AIA quote me RM500k coverage with early critical illness included and it cost RM14k/year
I got same coverage from singlife for RM7k/year and it have multiplier. It's standalone and not ILP.

Keep in mind you don't need to cover until 70 years old. You just need to cover until you retire. The longer you choose to cover the more expensive it is.

Also keep in mind for critical illness if your ill doesn't meet certain definition, you won't get paid out. One example is heart attack. If you have heart attack and your angiogram is only 67% block, you won't get paid out cause the definition required paid out is min 70% (this is real life example told to me by my agent).

Also, basic critical illness is very cheap Vs early critical illness. The more early critical illness coverage you get, the more expensive it is. Something to think about.

This post has been edited by Ramjade: Sep 4 2023, 11:36 AM

Nope. You just need your records to be English signed by a notary in Malaysia and just mail it to them.

Depends on age you buy, amount of coverage you choose and until what age. Say if you cover until 100 Vs you cover until 60, very big difference in premium.

Also need to see your insurance increasing in price as you age or fixed. Yes nlike medical insurance which increase as you age, there are these kind of insurance that the premium are fixed for life.

Also need to see what insurance company. Like medical insurance, need to shop around.

All got different price but won't vary by much.

For me I avoid GE for 2 treasons
1. Saw in the news they denied someone with cancer stage 4 just because the person did not disclose anxiety
2. My friends in private hospitals tell me GE is one of insurance which ask lots of questions trying to delay your admission as much as possible. Don't get me wrong, they do payout and give GL but they try to ask lots of questions to have reason to decline your admission Vs other insurance company.

This post has been edited by Ramjade: Sep 4 2023, 12:09 PM