I'm glad you asked.
At policy application process, the customer has the right to decide if they want their details to either be shared with partnering vendors for promotions and marketing engagements, or not. I think this is very standard option around the world. Like I said, you cannot see yourself past being a victim.
You're not clarifying bro, you're alleging things that are not true in the way YOU see everything around you.
Then you DEMAND that others PROVE TO YOU that it isn't so.
You're a learned person, maybe a bit of researching skills or just simply ASKING is not beyond you kan?

Maybe you should show some evidence to non-vitality members SUBSIDIZING vitality members, how about that?
The Vitality program is integrated into products to the benefit of the insured, and somehow you managed to find a way to see how it is a terrible program.
Yes, the companies AIA and Vitality acknowledge that the program is not immune to abuse. And even the Vitality points are indeed audited for authenticity. You used to work as an analyst, in BNM, I believe an audit is not a foreign idea to you kan?
Maybe you should provide some evidence to back your allegations that non-vitality customers personal details are being shared to Vitality partner vendors, how about that? I think it's only natural kan?

If I don't participate into the Vitality program, would it make sense for me to still enjoy the benefits of the Vitality program?

This post has been edited by JIUHWEI: Jun 14 2024, 01:16 PM

Again, please back your allegation.
Come, let's have some evidence for it?

Pre-natal coverage is only offered through ILP.
So the nature of ILP comes with a minimum premium of RM 150/month.
Depending on the range of coverage selected, the premium is charged accordingly.

Yes, with the current medical insurance coverage provisions, the premiums that you are looking at is quite fair.

As a new parent myself, yes, it was a difficult sell to my wife (who is not in the industry with me) that we don't have to rush to get the "best" everything. Just go with what we actually need and it's good.

So I will try and sell the same to you - just get what you need, don't need to bend over backwards and force yourself to go out of your way to get the "best" everything. Just get what you need, and that's good enough. Doesn't make you a bad parent for not spending that little bit more for whatever it is.

I'm not alleging. I'm telling you so.
I would know sebab my customers are not calling me up to complaint about unsolicited promotions and marketing, because they opted out of it.
I also not getting them myself in my email.

Again, please provide some tangible evidence on your alleged cross subsidization.
The point of Vitality program is to incentivize customers to lead an active lifestyle.
Active lifestyles leads to overall better health for longer.
This in and on itself makes these customers "good risks".
Should they not be rewarded accordingly then? Are you against this idea?
Or should the non-vitality members enjoy the same benefits for not even wanting to participate in this program in the first place? IN FACT, since they are all in the same pool of funds, I believe with your argument, the non-vitality members are indirectly benefiting from these group of people who decided to act on preserving their health, kan? <<< Is this what you're so mad about?

This post has been edited by JIUHWEI: Jun 14 2024, 02:00 PM

Can't fault the moderator.
The moderator actually took action on this person at least once already.

This person, like a good salesman, is persistent.

But why stop short of executing a class action lawsuit against AIA?

I have the biggest law firm in Malaysia as a corporate client.
Need help?

According to my limited knowledge of other companies' offerings, yes.

This post has been edited by JIUHWEI: Jun 19 2024, 01:24 PM

Welcome to the world bro.

Life Insurance nomination proceeds do not fall within the assets of a deceased to be distributed either by a will or distribution act.

The person receiving the Life Insurance proceeds will then have to be identified to understand if they are receiving the monies as the ultimate beneficiary or as an executor.
And more than enough examples have been provided by our friends here in posts prior to this, so I shall not dive in further.

Frankly, I am not interested if the current practice is correct to your satisfaction.
I just need to make sure that things work accordingly to how I (and my clients) want it to work.

As far as why don't we do things in whichever way leh... who are you to think that you are involved?

Whoever is the named nominee will receive the insurance proceeds.
This part clear kan?

Then the issue now is
1. who is the rightful owner of said monies?
Hence the need to identify the person receiving the monies.
Are they receiving it as an executor, or are they receiving it as the rightful beneficiary?

2. does this form part of the deceased estate to be distributed?
Answer is no because the banks and all creditors get first dibs on the deceased estate, leaving the remaining balance to then be distributed to the rightful heirs.
Whereas the Life Insurance proceeds is immune against such creditors.

Sorry, but I was under the impression that this is common knowledge??? (Maybe I am in a bubble, so I apologize)
I'm shocked for someone who "used to work in BNM" to be confused about this?????

No

Yes. RM 20,000 deductible to age 60, then RM 500 deductible thereafter.

https://www.aia.com.my/content/dam/my-wise/...hure_2nd_v2.pdf

I think it is good.

From both the macro perspective as well as from the consumer perspective.

I personally view medical inflation in a rather neutral, at times welcoming, tone.

Yes, inflation in general terms doesn't sit too well, even for myself.
However, what used to be a risky procedure in the past, was a matter of a procedure under an hour, and my dad was free to go back and rest at home after a couple hours of observation period. Shouldn't this advancement in medical tech be welcomed?

Here are some more updated stats for your reference. There's 2 pages, the second page might interest you more.


I don't know all the nitty gritty details behind the scenes.
I saw my dad stand up, walk out, and how chill the doctor was, that was good enough for me.
My dad is still able to lead an active lifestyle without having to compromise much.
That's real to me.

My 2 year old son was recently hospitalized too.
This time, not too much high-tech treatment, but when it came down to it, the ubat worked like a charm.
And I really appreciate the doctors and having the nurses around too.
My son is now back in school, and that's real to me too.

Now I'm not in the medical or pharma field to know how much to charge.
Nor am I as invested into auditing the hospitals.
I am only interested in having access to these services when I need them.
And that the facilities are well maintained without having me to needlessly start questioning and auditing anything when I need the help that I need.

If someone can do the same thing more effectively and more efficiently, giving me the results that I want, that's where I'm going.
Frankly I feel that nurses should be paid more too. That's how much I appreciate their care and their work.

I know there are some qualifying criteria for hospitals to fulfill before they get to be on the panels listings of each insurer.
I know for a fact that AIA actually audits these hospitals, medical facilities regularly.

I just feel, you should bring your case against the system to your former employer, and the MOH.
I can understand your need for support, but what support if there is no case?
Waiting for somebody else to do it for you ka?

This post has been edited by IccyAsd: Jul 12 2024, 08:13 PM

Just wanna put in a different angle/perspective:

For sure, everybody would welcome a lower out of pocket cost.
It's nuts not to take it up if what your agent is claiming, is true.

Frankly, I think it would be in your favor to ask your agent to help it make sense to you beyond the premium, WHY should you take up the new upgrade.
What are the advantages and disadvantages, how the either one is practical to YOU.
That is part of where you derive value from agents/life planners like myself.

Otherwise, like many here have pointed out, the market actually do not need product pushers.

Not true. Assunta Hospital is no longer a non-profit. It did start out as a non-profit entity.
Hospital Universiti is a gov hospital.

My personal opinon - gov hospitals should not pick and choose. Access to healthcare is a basic human right, and all gov hospitals should not discriminate among Malaysians. We can have preferential treatment for senior citizens, public servants, but never from the socio-economic perspective. What is there to stop interest groups from lobbying against the B40 then? What chance would the B40 group have if that is permitted?

"Yearly Renewable" is actually super detrimental to the consumers. This would open up opportunities for insurers to underwrite each and every individual every year. How is that a good thing? You just need one seemingly big claim or a chronic illness for your insurer to "not welcome you to renew with us" the very next year.
The whole industry worked so hard to move away from "yearly renewable" to the "guaranteed renewal" provisions, safeguarding the consumers and now you want to move back??
Why???
So that we can publish lower claim ratios?
Because we can then push all the chronically ill people out of the statistics?
Lower the premiums for.... healthy people who don't need it now?
And then once we're sick then we're damned??

I frankly think BNM and LIAM are doing such a good job. Take a look around, in terms of medical insurance, we have among the most generous provisions in the region, if not the world, my friend.

Which in your perspective, you are right.

Perhaps he/she has a personal reason/purpose to do what he/she is doing?

My own father in law used to call me crazy too.
I then had a good chat with him and laid out my portfolio to seek his advice.

Long story short, he is now among my biggest customers.

You can have a reason to buy x amount of insurance coverage.
You can also have a reason not to buy x amount of insurance coverage.
In both cases, you will be right.

Because boleh mah.
What's the issue?

This is a big loss to all of us man...

But I think I'll follow your lead la bro.

It's been around 10 years of asam garam here on this forum.
The most value I derived from this forum is getting to know you la bro
And also denion & lifebalance

We continue in our whatsapp group je lah

Peace out errbodeh

Yes it does reduce your premiums.