I approve of this message.

Every insurer also will do their own due diligence on such issues. With that said, it's only natural that the smaller players will be more sensitive to tiba2 don't invite you to renew with them anymore.

If you would like, we can explore ways to work together.

That, I cannot agree with you.

Just like any insurance claim, insurers will have to justify what is the basis for rejecting a claim.
Every insurer is more afraid of compliance than a claim.
Be it Life Insurance or General Insurance.

Frankly among all the products in the market, ILP is about the most transparent.
You don't have to rely on the agent for these info, it is widely available online.

To answer your question:
1. There must be the option to only change the riders as opposed to surrendering the whole policy since it is an ILP policy.
This is a standard MO across the industry.

2. Which one do you think makes more sense? Go with the one that makes more sense je

This post has been edited by JIUHWEI: Aug 27 2025, 11:26 AM

I am unsure about GE, but AIA portal we can generate the exact premiums for replacing riders. Including projected sustainability.
Can even be sent to client in a pdf document.

Maybe deep dive why AIA so expensive?

I vibe with your point - the best policy is the one that is in force.

I train my agents to take their EB into consideration if client cashflow is more sensitive.
After all, since the EB can settle the first 20k (for example), why pay the COI on the first 20k (which is the most expensive)?
After that is exhausted, then the personal policy comes into play.

Tengok, ask you dive deeper kan? AIA Plan 200 AL is 5m now. With all kinds of deductible, co-insurance levels for you to choose from.
Dapat lagi annual health check benefit, dapat lagi vitality perks, dapat lagi no claim benefits.
Dapat lagi exclusive servicing counters at all the Platinum Hospital network.

Dah beli?

Basically, it needs to make sense, needs to be practical.
So there is an actual need to engage and discuss, going through exact situations and numbers, etc, rather than showing a quote here and ask just about anybody "is this a good deal"

Why do you say that leh?

I ask because I referred to the PDS, and no where it says that it is a savings plan woh
https://www.greateasternlife.com/content/da...-pd-gmp-pds.pdf

Or what is it that I am missing?

I see. I'm just trying to understand from the other perspective.

What's so bad about having a policy with some account value, savings?
Especially investment-linked policies taking a lot of... dare I say "unwarranted" shade from this forum.
It does feel that way.


Why leh?
Genuinely I just feel it's just a product that serves a need.
Then there are other products that serve different needs.
So I just wish to hear from seasoned people like yourself and other very experienced seniors here.

Sincerely nak minta tunjuk ajar

Yeah totally understand that the "training" provided by some insurance companies are heading in this direction.
Products being sold as a "package" without adequate considerations.

However, on a COI perspective, it is actually less though (looking from this side of the fence).
Of course, we're looking at whole life products as opposed to Term.

Yes, while Whole Life products has its benefits, it commands a higher ticket upfront.
Term Life products while it has a lower entry barrier, it opens up the insured to be underwritten at every interval.
Of course, if money is no issue, who would want to be re-evaluated again and again lah kan?
But money is an issue lah. So we want to get the best out of our money.

I get it. We want what we want, and we would like the decision for the "frills" to be ours to make as consumers rather than having the heavy mumbo jumbos... in a way forced unto us for not knowing better.

I guess I do have to note that whatever mentioned above is strictly non-medical insurance products in nature.

This post has been edited by JIUHWEI: Sep 18 2025, 01:37 PM

How long of a Term policy?
At each expiry of the contract, you'll be subject to underwriting again (should you want to renew lah).

Of course, everyone would like to grow old with good health, good family ties, good cheer, and a hefty pocket.
Just take a look around, is that really the case?

Forget the concepts, forget the marketing mumbojumbos.
Let's take a good look at the statistics, and then consider:

Now that I have the option to decide the outcome, is it worth the premiums?

I'm sure everyone here has their own concerns and circumstances.
And it is only natural that some here are more disciplined than others and/or have more time to keep track on when is which policy expiring, is it paid, etc.
So the cost on the cheapest of the cheap insurance coverages, is your time and attention to be on top of things.

That's a good start.
In fact, that is a good strategy to keep to as well.

The conversation then leads to how to execute?

Memang ada bro

I think they referring to ILP Life rather than the medical rate hike that I believe you are steering towards.

If quote higher, people won't buy because expensive... Bliss...

Then maybe that's the reason why ILP is not made available online.
It is actually a more sophisticated product that requires some depth in considerations.

If the agent underquote just to get you to buy, yes, it reflects badly on the agent; but at the same time, it worked on you.
It goes both ways..

Am I crazy to think this???

Apologies on the poor choice of vocabulary.

Agents can quote the bare minimum, and increase the premium levels too.
This is where it makes a difference in the projected account values.

I hope this clears the air.

Yes, discipline is key.

Remember to also review regularly, just to touch base with your coverages and keep them relevant.

With every new application, we need to first qualify with our health.
So the point is to have you apply, then the underwriters get to review your health declaration before they proceed further.

This is the same across the industry.

Something to share on medical insurance that I hope can help those who are looking to upgrade and/or switch their medical / critical illness insurance.

It used to be a rather simple guideline when comparing new vs old policies:
Older policy contract booklets used to come thinner, fewer pages, and larger fonts.
But as time passes, the industry also progressed alongside medical advancements and new discoveries, new techniques, etc.
So now we find newer policy booklets having a few more pages with slightly smaller fonts, hence the stigma of having to pay attention to the "fine prints".
Of course, we generally find the descriptions on older contracts to be more loosely defined, whereas the newer policies are more discreet, for obvious reasons. This way, older contracts tend to have their intrinsic value in this regard.

On the flip side, with the new developments, new techniques and equipment are made available and here is where we as consumers need to weigh our options:
Do I want to retain the old wording; or
Do I want to have a more relevant coverage that comes with new t&c?

This becomes an actual issue because the current situation of medical costs and fees have reached such a level where the limits in older contracts that used to be astronomical in the 80s and 90s have become commonplace today.

Please note that I am merely focusing on the coverage and the relevant descriptions only.