I think that is pretty standard for MY company i guess.

Hi all,

I am looking for a personal medical insurance. Currently, my GE insurance is advising me to increase my premium again. Even though it is an ILP insurance, IIRC, this is the second times they increase the premium since I bought it 6 years ago. I am currently 30. The premium is RM430 per month.

I would like to shortlist some decent companies that I should look at. Can you help me on this?

Thank you in advance.

OIC, thats why, if need to do expensive tests such as MRI, ppl just admit 1 day (in actual fact it does not need admission) .??

First 2 years - contestibility period: where the insurer reserves the right to withold a claim, just to check for non-disclosure. After which the claim amount will be released upon completion of the investigations.

Yes, you're right.
A non-disclosure is essentially a breach of policy contract terms.
It has to be triggered.
A contestability period investigation can be initiated by the insurer, hence the policy wording "reserves the right".

What usually triggers this is the doctor's reports.

Case in point -
A person signs up for medical insurance 2010. Nothing declared.

In between, person starts taking diabetic medication, with the logic that it balances out the sugars from all the desserts that person consumes.
Come 2022, person submits a knee surgery claim. During consultation with the doctor, person says "yeah, I've been taking diabetic medication for over 10 years."
Once the report submitted, the claims dept terus question "bro, this one different from health questionnaire woh"
Terus trigger investigate, claims witheld.

(This is actual my actual case study. Yes, blew my mind as well, cari pasal)

As long as one fine day, the insurance company managed to stumble upon your skeleton in the closet that you didn't disclose for whatever reason, then yes, your policy will be terminated.

Someone who had diabetes 6 years ago was denied claim when the insurance company found out that he had the knowledge of diabetes prior to buying the insurance, thereafter the policy was terminated.

I noticed agents here tend not to participate in certain topics to avoid further 'discussions' or just a safe approach answers.

Many are here reading the same comments and thought is a waste of time to discuss further.

Don't blame your 'enemy' if he cont to 'attack' the industry if one choose to be quiet.

In a war, you cannot SMS or WhatsApp your enemy to back off. Is either one counter attack or raise the white flag.

Your profession ... you decide.

Totally agree. Personally I gained a lot from Ramjade's sharing too. Don't get me wrong, I myself have purchased ILP products for myself and my family, but from his sharing, I got to know the benefits of a standalone product, but that does not mean I am sold, just good enough to know the pros and cons of each product, and make my own informed decision.

Isn't this what a forum should be? If I want to engage any licensed agents, it is just a few clicks away. Why would I come to a forum to look for an agent?

Perhaps, they see no point of arguing over it.
They are not obligated to reply or comment or argue over these.

If the potential buyer knows, ...they can PM them..

Hi ayam back again with the prob with Prudential.

Seriously? So many agents here post their own contact in the signature. Wonder if they got reported for it.
Yes, but it's the worst forecast ever. None of the insurance company is good with their forecast and all of them will increase your premium every few years.

Got to cari makan to make sure I don't starve.

COI is not guaranteed as stipulated in your policy contract thus it will be adjust from time to time by the insurance company.

If there is any insurance agent here that can explain how to maximize your tax returns it will be great. And I mean actually having the option to withdraw after say 10 years while maximizing your income tax returns

But doubt so. Most of you guys are just money grabbers that's all.

So what is it you're trying to do here?
Your first enquiry here in this forum was to look for a Life Insurance that can make you money when terminated in 10 years.
I told you I can do it for you, then you pivot to ILP vs standalone.
After calling us all kinds of names too, mind you.

Sorry for resurrecting old thread. My mom had to to be warded, called the insurance agent to see if it would be covered, agent told her, policy no longer active due to lapse of payment. Called the bank, mcis apparently stopped the payment, I called mcis they said it was because the premium could not cover the insurance charge.

Looking @ the policy, the insurance charge will apparently be higher after 57, my mom signed up @ 53, she prob wouldn't have signed up if she knew she'd have to pay significantly more after just 4 years. The agent prob didn't tell her everything.

Anything I can do here? Can complain with bnm? This is utter bull, 20k+ in premium and nada, still has to queu up at govt hospital, while scammers gets 20%.

Hi guys,
I just wanna make clear again, that the purpose of Life Insurance is not for any sort of returns. The same goes to ILP as well.
ILP exists just as another option to serve the upper-middle market segment and up, as a whole-life non-participating product.

It also does not mean that those in the upper-middle market segment and up cannot access products like a Term Life insurance.

I hope we can steer this great thread back towards needs-based, rather than going off on a tangent, needlessly pegging one product against the others.

I mean, we don't see supermarkets trying to convince anybody why GMOs are one way and organic or local produce are another way kan?
They just have it there, as an option for those who prefers or has certain dietary habits/requirements to get it.

Same goes to just about everything else in our lives la kan.
Can a rich person go squat at roadside stall with me? Can mah
But can I day day spend 3-400 drinking with top 1% people? Cannot mah

Its pure life insurance. Just texted my agent. 3 years back I was okay with 1.5k everything felt doable. I notice everything starting to be expensive. Can really feel it

Want to ask,
I got medical card insurance,
While my company also buy 1 for me....
Since now financial abit tight,
Plan to on hold my own medical card or cancel...
Possible to on hold for 1~2 year and then continue again?
Or only can cancel?

My sis not advise me to cancel...
She say if anything happen,
When 1st medical card use finish,
Can continue draw from 2nd medical card...

Own topup means just pay more on top of existing premium?

Sifffuuu and senpai sekalian....

wan to ask, so my case is "car insurance". So my car insurance expired sometime in 2023, why is there a refund in surplus? I thought you pay the premium and that's it, why is there still surplus and what is it for? I am not against it, its free money after all, just want to know the rationale?

I do have the same thought, since premium increase is uncertain and given the inflation cost there is possibility one cannot afford to pay long after retirement. Then consider the plan will lapse, and all the hard work you put into getting the medical card become useless?

Then wait for policy to lapse as you didn't want to "top-up" and hopefully, you got money to pay for your own hospital fees from "elsewhere". Meanwhile, YOLO while you can.

There is nothing called "useless" when you are utilizing "it" for the benefits.

Is your hard work to pay your Car Loan is useless since Cars typically becomes worthless in the next 10 years due to depreciation?
So, why bother to buy a car?
- No, you use it because you are benefitting from it giving you the convenience of transportation despite the depreciation.

Same goes for the insurance, it gives you the benefit to claim from the insurance company and not coming from your own pocket while you are insured in the event you are required to be hospitalized.

If the above is deemed "useless" to you, then maybe I suggest you cancel your insurance now and do something else with that money.