Welcome Guest ( Log In | Register )

Bump Topic Add Reply RSS Feed
62 Pages « < 12 13 14 15 16 > » Bottom

Outline · [ Standard ] · Linear+

 Insurance Talk V7!, Your one stop Insurance Discussion

views
     
lifebalance
post Jul 30 2021, 08:38 PM

Licensed Financial Planner & Financial Adviser's Rep.
********
All Stars
10,162 posts

Joined: Nov 2014
QUOTE(1tanmee @ Jul 30 2021, 08:34 PM)
I have an ILP with GE, but the policy holder/owner is my spouse. How do I get the policy to be transferred fully to me?
*
Absolute assignment
lifebalance
post Jul 31 2021, 02:15 PM

Licensed Financial Planner & Financial Adviser's Rep.
********
All Stars
10,162 posts

Joined: Nov 2014
QUOTE(1tanmee @ Jul 31 2021, 12:14 PM)
Called up my agent (Great Eastern), and she said cannot do! because my policy is 3rd party, not 1st party. I was like, what?? She say like forever the policy will be under my wife's name, and in case of her demise, the policy shall lapsed.

Question is, is there any other way?
*
I don't see issue with performing the absolute assignment with your wife signing it off.

If your agent can't do it, then deal direct with Great Eastern Helpline
lifebalance
post Aug 2 2021, 08:23 PM

Licensed Financial Planner & Financial Adviser's Rep.
********
All Stars
10,162 posts

Joined: Nov 2014
QUOTE(1tanmee @ Aug 2 2021, 05:07 PM)
Thanks for the number! Got my wife to call, and the response is the same sad.gif said that the policy is 3rd party, and forever cannot transfer. the only way is if the policy holder (my wife) passed away, only then can I request for the ownership to be transferred. How la like this. i don't trust it fully, coz later if really when passed away, then say still cannot transfer, meaning i will lose all the coverage..
My wife has call the customer service, and the person say cannot, coz 3rd party sad.gif
We bought the policy under her name because she can claim tax, like i cannot coz i work in gig economy (and salary below requirement for tax)
Well, not the case with mine- tried but say cannot sad.gif
*
Interesting.

I'll wait for Great Eastern to reply me then thumbsup.gif
lifebalance
post Aug 3 2021, 04:02 PM

Licensed Financial Planner & Financial Adviser's Rep.
********
All Stars
10,162 posts

Joined: Nov 2014
QUOTE(zzzxtreme @ Aug 3 2021, 03:58 PM)
Etiqa called me and say they don't offer takaful medical card anymore. It must be attached to some kind of other plan. 

Question about Takaful Malaysia myClick Term, if I apply that with CI, does it mean I don't have to apply myClick medicare ?
*
user posted image
lifebalance
post Aug 4 2021, 07:46 PM

Licensed Financial Planner & Financial Adviser's Rep.
********
All Stars
10,162 posts

Joined: Nov 2014
QUOTE(B u B u @ Aug 4 2021, 07:45 PM)
My personal medical card has deductible 5k, however I have a company given medical card with 0 deductible but annual limit only 100k

If my hospital bill is 200k, can I use my company card to pay first 100k and remaining 100k with personal card without incurring 5k deductible ?tq
*
Can
lifebalance
post Aug 4 2021, 08:57 PM

Licensed Financial Planner & Financial Adviser's Rep.
********
All Stars
10,162 posts

Joined: Nov 2014
QUOTE(ckdenion @ Aug 4 2021, 08:20 PM)
hi B u B u, you can either

A) use company card to pay the first 100k, remaining 100k you pay and then claim from your personal card (without incurring 5k deductible) OR
B) use personal card to pay the 195k hospital bill, pay the 5k deductible and then claim this 5k deductible from your company card.

better to go for Option B) wink.gif
*
You sure ah?
lifebalance
post Aug 4 2021, 09:23 PM

Licensed Financial Planner & Financial Adviser's Rep.
********
All Stars
10,162 posts

Joined: Nov 2014
QUOTE(ckdenion @ Aug 4 2021, 08:59 PM)
yeap, i did this claim before. GL with prudential with deductible card and deductible claim from employer's medical card by Allianz with no deductible wink.gif
*
thumbsup.gif - Do note that doing so will also deplete the personal medical card's lifetime limit if they are still utilizing the old plan.

This post has been edited by lifebalance: Aug 4 2021, 09:24 PM
lifebalance
post Aug 5 2021, 11:07 AM

Licensed Financial Planner & Financial Adviser's Rep.
********
All Stars
10,162 posts

Joined: Nov 2014
QUOTE(zzzxtreme @ Aug 5 2021, 10:38 AM)
Can anyone explain why GE i-Great MediHarapan is ~RM1600 a year but PruBsn anugerahPlus is ~RM3132 a year (up to 70y/o) ?
Both is annual rm200K, covers cancer take home drugs and treatment

Must be something Im missing
*
Attach both PDS/SI in here for reference.
lifebalance
post Aug 5 2021, 11:37 AM

Licensed Financial Planner & Financial Adviser's Rep.
********
All Stars
10,162 posts

Joined: Nov 2014
QUOTE(mauli74 @ Aug 5 2021, 11:33 AM)
Does life insurance cover death caused by covid19?
I know that medical insurance dont but I have not heard that life insurance will or will not so far.
*
Death by COVID-19 is covered.
lifebalance
post Aug 5 2021, 12:05 PM

Licensed Financial Planner & Financial Adviser's Rep.
********
All Stars
10,162 posts

Joined: Nov 2014
QUOTE(lifebalance @ Aug 5 2021, 11:07 AM)
Attach both PDS/SI in here for reference.
*
QUOTE(zzzxtreme @ Aug 5 2021, 11:46 AM)
I asked two agents, both quoted similar amounts rm260x12
For prubsn, they added CI of rm10K, disability 20K, accidental death 30K (which I dont need), normal death 10K. Small amounts, but made the contribution become double of GE. Is that expected?
*
Not sure if you're intentionally ignoring what I just wrote, the easiest solution is to attach both proposal sent to you here so we know what is provided within the policy.

Otherwise, as mini_orchard said, you will be getting answers that is based on a figure plucked from the sky. Anyways, good luck.
lifebalance
post Aug 6 2021, 12:02 AM

Licensed Financial Planner & Financial Adviser's Rep.
********
All Stars
10,162 posts

Joined: Nov 2014
QUOTE(1tanmee @ Aug 2 2021, 05:07 PM)
Thanks for the number! Got my wife to call, and the response is the same sad.gif said that the policy is 3rd party, and forever cannot transfer. the only way is if the policy holder (my wife) passed away, only then can I request for the ownership to be transferred. How la like this. i don't trust it fully, coz later if really when passed away, then say still cannot transfer, meaning i will lose all the coverage..
My wife has call the customer service, and the person say cannot, coz 3rd party sad.gif
We bought the policy under her name because she can claim tax, like i cannot coz i work in gig economy (and salary below requirement for tax)
Well, not the case with mine- tried but say cannot sad.gif
*
yklooi

user posted image

Here is your black and white.

With the above evidence, whatever the Great Eastern agent mentioned below is wrong/incorrect.

QUOTE(Ewa Wa @ Aug 2 2021, 07:45 PM)
Yes, the information given by the customer service is right. Your wife can't transfer the ownership back to you and she can't absolute assign the policy back to u as well If it’s a Takaful plan. Do find out what type of plan u r having now.

No worries, I have done a case like your situation. Policy owner passes on and inform company by submitting the necessary documents e.g: death certificate, sign a Statutory Declaration with CTC from commission of oath then successfully transfer back to life assured.
*
Sekian.
lifebalance
post Aug 6 2021, 11:12 AM

Licensed Financial Planner & Financial Adviser's Rep.
********
All Stars
10,162 posts

Joined: Nov 2014
QUOTE(spreeeee @ Aug 6 2021, 11:07 AM)
existing aia policy like investmentlink/termlife, does it automatically cover covid complication?
*
Depends on what kind of plan it is.
lifebalance
post Aug 6 2021, 11:20 AM

Licensed Financial Planner & Financial Adviser's Rep.
********
All Stars
10,162 posts

Joined: Nov 2014
QUOTE(spreeeee @ Aug 6 2021, 11:17 AM)
existing old product, at least 5yrs above
*
Sorry, no plan name, I won't be able to tell.
lifebalance
post Aug 6 2021, 11:54 AM

Licensed Financial Planner & Financial Adviser's Rep.
********
All Stars
10,162 posts

Joined: Nov 2014
QUOTE(spreeeee @ Aug 6 2021, 11:52 AM)
the investment link consists of:
ALL1 A-LifeLink
ADC1 A-Plus DisabilityCare
ACL1 A-Plus CriticalCare
APM1 A-Plus Med
AHE1 A-Plus HospIncomeExtra
AWE1 A-Plus WaiverEx (Basic)
*
Yes, covered.
lifebalance
post Aug 6 2021, 12:00 PM

Licensed Financial Planner & Financial Adviser's Rep.
********
All Stars
10,162 posts

Joined: Nov 2014
QUOTE(yklooi @ Aug 6 2021, 11:57 AM)
Covered the hospitalizations cost if admitted for covid19 cases?
*
Yes
lifebalance
post Aug 6 2021, 12:06 PM

Licensed Financial Planner & Financial Adviser's Rep.
********
All Stars
10,162 posts

Joined: Nov 2014
QUOTE(spreeeee @ Aug 6 2021, 12:04 PM)
also if death (touchwood)?
*
Yes
lifebalance
post Aug 6 2021, 12:13 PM

Licensed Financial Planner & Financial Adviser's Rep.
********
All Stars
10,162 posts

Joined: Nov 2014
QUOTE(yklooi @ Aug 6 2021, 12:10 PM)
Thanks
Any idea "must" be from what stage of covid19 then can qualify for claims of hospitalisation?
Btw, just to confirm,... It is hospitalizations cost not just some amount of beneficial monetary compensation or support like RM10k
*
QUOTE
Any idea "must" be from what stage of covid19 then can qualify for claims of hospitalisation?

As long as it's deemed Medically Necessary.

QUOTE
Btw, just to confirm,... It is hospitalizations cost not just some amount of beneficial monetary compensation or support like RM10k

Up to your plan's benefit.
lifebalance
post Aug 6 2021, 02:20 PM

Licensed Financial Planner & Financial Adviser's Rep.
********
All Stars
10,162 posts

Joined: Nov 2014
QUOTE(MUM @ Aug 6 2021, 02:03 PM)
If diarrhea or headache, prolonged incidences cannot be admitted?
Covid19 stage 1 or 2 is "minor", cannot lead to complication to other stages?
*
QUOTE(mini orchard @ Aug 6 2021, 02:08 PM)
Can.

Admit at own risk. Is either claimable or reject.
*
stop making your own theories.

It's clearly stated that it must be medically necessary.
lifebalance
post Aug 7 2021, 11:56 PM

Licensed Financial Planner & Financial Adviser's Rep.
********
All Stars
10,162 posts

Joined: Nov 2014
QUOTE(mini orchard @ Aug 7 2021, 09:46 PM)
Does a payor rider kicks in upon a diagnosed of a CI ?

The purpose of a CI policy is to obtain a lump sum payment and is there a reason why would an insured add a payor rider to continue the policy?

Isnt a payor rider kicks in only upon TPD or death to protect the dependents.
*
The purpose for the waiver of premium rider is to reduce the burden on your finances while you've succumbed to Total Permanent Disability (TPD) or Critical Illness (CI) where the insurance company continues to pay for your premium until the end of the rider's term.

It's applicable on
1. Insurance policies with hospital & surgical benefits
2. Life insurance
3. Endowment & Annuities

What are it's benefits on the above?
1. You get to maintain your insurance policy with the medical plan while you're recovering from TPD/CI
2. a. If the policy does not cover for CI, having the waiver will help to maintain your life policy until the event of Death/TPD.
2. b. if the policy covers CI (depending if it accelerates the CI or not), the policy will continue to maintain it's benefits until Death/TPD/Multi CI
3. Your retirement plans is uninterrupted as the insurance company pays for you.

QUOTE
Isnt a payor rider kicks in only upon TPD or death to protect the dependents.

This is only applicable if the parent bought the policy for their child or husband/wife buying the policy for their spouse.
lifebalance
post Aug 10 2021, 07:46 PM

Licensed Financial Planner & Financial Adviser's Rep.
********
All Stars
10,162 posts

Joined: Nov 2014
QUOTE(UnrequitedC @ Aug 10 2021, 06:38 PM)
Hi,

Any insurance company having promotion for medical family package, with deductibles option?

Husband and wife Age 31.
*
Hi UnrequitedC,

Yes there are Family Packages with deductible option.

AIA
Manulife
« Next Oldest · Finance, Business and Investment House · Next Newest »
 

62 Pages « < 12 13 14 15 16 > » Top
Add ReplyOptions
 

Change to:
| Lo-Fi Version
 0.0389sec    0.90    7 queries    GZIP Disabled
Time is now: 16th December 2025 - 03:37 PM
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Removal Request
Powered by Invision Power Board © 2025  IPS, Inc.