That is not my question.

say in 30 years time, the medical card component comes out to be 800rm per month, while the funds [edit:]only has 10 ringgit,
one just pay 800rm diligently every month to keep the whole policy alive.

right?

This post has been edited by Wedchar2912: Jul 28 2023, 04:17 PM

When the medical card fee is higher than the premium he's paying, of course will lapse lo.

It will auto lapse unless you do the recommended top up amount.

That is not my question.

Do read what I meant in the other reply.

This post has been edited by Wedchar2912: Jul 28 2023, 03:25 PM

I'm guessing you are trying to say if you can just pay based on the COI at that point of time. You will need to check if your insurer can allow you to do so.

that is not accurate as well.

the letter clearly state "Suggested Premium Increment".

Explain to me what you know about suggested premium increment and what happens if you don't do so.

This post has been edited by lifebalance: Jul 28 2023, 03:30 PM

When the time comes, every year the insurer will come up with a similar letter suggesting an amount to sustain the policy to whatever age it was intended.

The insurer will not force you to pay, but come time when funds are insufficient, the insurer will still send you a letter requesting for premiums.
Without which the policy will be lapsed.

Thanks for this explanation.
This was what was explained to me long ago by my agent, ie not auto-lapse.

You cannot do that. You still need to pay RM810. Why? It's called investment link for a reason. You cannot remove the investment part of it. Even if your funds not enough, you need to pay for the investment part.

Because the insurer will not use absolute vocabulary.

So you mean like now my premium is 30% medical card and 70% investment, I can just pay 30% premium every month and the insurance company will allow that?

explanation from @JIUHWEI pretty much explains it.

What you @lifebalance said is too short a reply, and can mean that the recommended extra 80rm must be paid, else lapse policy.

Yes. that is what I understands.

But please don't do so.

Whether you like the English word Suggested or not.

You got headache. Doctor SUGGEST you to eat Panadol. You don't want to eat, then you will ABSOLUTELY continue to have headache.

So, my answer is already clear enough, you don't want to top up, then your policy is ABSOLUTELY going to lapse earlier than the original term.

There, my long version.

oh sorry, I meant the fund has a value of 10rm, while the medical card fee portion requires RM 800 per month.

When this happens (in the far future), the policy is still in effect as long as one makes sure the medical card portion is paid, ie RM 800 per month.

If one had been ignoring the suggested premium increases fir years,...when the time come when funds are insufficient, the insurer will still send you a letter requesting for premiums. ... Will this time, the suggested premium increase will be alot for it need to cover the COI at that time?

"Without which the policy will be lapsed"
Will it be auto lapsed with the company telling the clients that the policy had lapsed due to insufficient fund?

No bro....
The main policy is the basic plan, which is the life insurance and the "investment portion".

Your main policy die, your rider how to jalan?

Your sentence was too short, and it implies as if the 80rm must be top-up now, else the policy will lapse.

Btw, the English word Suggested has legal implication.
Since you want to pick on my English, I would like to clarify that the doctor did not suggest. It is a prescription, and it carries legal implication.

Just becareful of how you answer, since you always say you are responsible agent.
I have no bone to pick with anyone here, just wanted to make sure the explanation is accurate about that letter.

It will come a time where the insurance company will inform you that your policy had lapse due to insufficient funds to maintain the policy.

There is no auto lapse if you choose to maintain the same amount you are currently paying. Just know that the insurance company is serving this letter to notify you. So you can't blame them for not informing you in advance.