Question,  if upgrade from existing medical card Prumed (2009-2017) to Prumillion, is there still required 120 days waiting period? Within this period, is there any coverage?

Now the proposal approve, but i didn't declare 2019 and 2021 blood test result, i need to concern ?

2016 monthly was rm200++ now rm400++..

Annual limit 100k
Lifetime limit : n/a
Kidney and outpatient : 250k lifetime limit.

I just checked back my mum policy. Seems price hike a lot. Not investment plan. Aia 150 I plan.

Need to ask expert here. I have this old insurance policy from GE- Supreme Living care 20 years ago. Since I have bought other policies with higher protection and thinking of terminate this policy. How to calculate how much i would get back? Surrender value only or surrender value + cash Bonus?

Standalone premium change / increase according to age entry during the entire coverage. One is prepared to pay an increase when he reaches the new age barrier. Is not subject to 'investment failure' unlike other products link to it.

Similarly to fixed loan housing loan interest. The repayment is fixed for the entire tenure. Unlike yearly rest interest rate, repayment will change according to market investment situation of the banks.

For variable premiums, quantum of increase is uncertain and can affect affordability of insured if the % increase is high. Some may eventually terminate the policy or reduce coverage to sustain the policy.

Insurance is a product where one buys for coverage in the event of something happen. If one understands that, then it wont go wrong in the purchase.

Is NEVER an investment per say.

Insurer use the word 'Sustainability' to put 'fear' on the insured to continue the 'INVESTMENT'. Just like the dr advise ...if you dont take your medication, you will die !

Hi All Sifu,

Would like to ask is it wise or ethical to stop current medical policy and purchase a new policy?

Nowadays many agent recruit new customers by asking them to switch to a new medical policy and surrender old policy after new one activated.

They said new policy able to provide better coverage with same premium. Would like to ask is it true? Thought new policy cost of insurance will be higher?

Kindly advise.

Thanks

None of these 3.
Another A..

no further clues.

Ah, here I was thinking you're advertising an endowment plan ... whereas you're in fact -not- advertising a better investment plan which gives 15% committed return... 🙄

Hi sifu,

I'm thinking of a saving plan.

Seems like recently AIA has a good life wealth plan.

Is it better to put my savings with insurance life saving plan or unit trust fund?

Thanks

Is it worthed it to buy medical insurance for hospital in case of anything or just put money into stock and let it earn then take out if needed

I have a noob question.

If a policy has a crisis cover benefit of RM10000 and already claim RM10000 in a surgery previously, can still claim in future? or once reach RM10000, cannot claim anymore?

anyone hear of CareWise before? not sure which insurance company they represent but they are selling medical card as low as RM3.30 per day. not much info that i can find so asking around here.
thanks for explaining. not so sure how to answer as i dont really get the picture. perhaps you can find an example of the standalone medical card premium table rates and do the comparison yourself? my account is still not able to attach external links though

I was quoted by the lion insurance comp all in one 400k life insurance + critical illness + medical card. Yearly about 8k. Sifu here think is it ok? Surprising here is it says after 70 years old the premium will double n triple every 5 years

Hi,
I have been holding my Great Eastern medical card - Great Medi care2 for more than 10 years, recently I was thinking to upgrade the plan, but I heard from my agent the plan no longer able to upgrade and I must take up the new investment plan smart protect.
Does anyone know if it's really true that the GE no longer allow to upgrade their Standalone Great Medi care2?

GMC2 is already retired, you can only downgrade - not upgrade.

Contact GE 1300-1300 88 directly to confirm

Yes pru also have this as well. abnormal BMI will subject to loading or warning or rejection.
It is really case to case basis. depend on the respective under write decision. Not a straight forward Yes and No answer.

For example from what i faced before:
1.an existing client upgrade and found BMI abnormal , issued warning letter without loading.
2.a totally new client , previously from GE , got records , BMI overweight , issue warning letter without loading
3.a totally new client applied , found overweight , decision of loading issued.
*warning letter means ask client to gain back weight or lose weight in coming years in order to approve future plan purchase (if any).

No harm if you want to apply from GE , AIA , Prudential , Allianz and wait for the result then decide from there.
Each insurance company may have different underwriting results or same results , we never know.

Hi guys, Need advice.

Holding GE:
(1) Life Insurance: RM190K
(2) Critical Illness: RM100K
(3) Room: Rm200
(4) Annual Limit: RM1.2M (unlimited Lifetime)
(5) Investment Link

Owning since 2010. RM320/month. In early 30s
My question is: recently im thinking top up, should I top up more money in GE to upgrade or apply 1 more from different renowned insurance company? Reason being I want more protection and I heard from my friends said don't always rely on 1 insurance company.   

HI all, my parents were born in 1956 and 1964, but they don't have any health insurance. They always said government hospitals were fine (or semi-private), but I think I want to get them a basic plan (better than nothing).

Please let me know if you have any recommendations.

1. For senior citizens, health check is necessary b4 a purchase.

2. Premium loadings and exclusion clauses are common with medical conditions or outright decline.

3. Basic or cheap plan normally wont last long if there are claims when hospitalised for major surgery. In the end, patient have no choice but revert to public hospitals.

For some, those with 1mil coverage also wont have it easy with claims. Insurers have rejected claims for non or false declaration of health problems. Ignorance is no excuse after investigations on past insured medical records are conducted.

4. Senior citizens are categorised as 'high risks' because 'illness' start to show upon retirement. Majority will have some hidden problems and the reasons for 1 and 2 above.

5. Premium wont be cheap even for basic plan because hospital charges are now expensive.

6. Premiums are reviewed every few years to match inflations.

7. Lastly, if one can afford for long term payment after approval, go ahead.