All insurance can cover from kid until working age. All you need to do is pay on time and full.

..... unless the plan is like one of this as example.



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I wont call it scary. i think the equivalent of this is the adjustor for if the car goes into an accident. something similar, but of course anything that involves human is alot harder.

i dunno how adjustor works in real life but i'm sure they have their equivalent of checks they have to go through. make sure no collusion between the mechanic and customer.

In Malaysia, there are various types of insurance policies available that can provide coverage for children's health and medical expenses. Here are a few common ones:

Medical Insurance: Medical insurance, also known as health insurance, provides coverage for medical expenses incurred due to illness or accidents. Many medical insurance policies in Malaysia offer family packages that include coverage for children. These policies can provide financial support for hospitalization, outpatient treatments, and other medical services.

Critical Illness Insurance: Critical illness insurance is designed to provide a lump-sum payment if the insured child is diagnosed with a critical illness covered by the policy. This type of insurance can help alleviate the financial burden associated with expensive treatments and care.

Education Insurance: While not specifically health-related, some education insurance policies may offer coverage for children's health in addition to providing savings or financial support for their education. These policies typically come with maturity benefits that can be used for education expenses.

Life Insurance with Riders: Some life insurance policies can have optional riders, such as a child rider or family income benefit rider. These riders may offer additional coverage for children's medical expenses in case of critical illnesses or accidental injuries.

It's important to note that insurance policies can vary significantly from one provider to another, so it's essential to carefully read the policy terms and conditions and compare different plans before making a decision. Additionally, the age at which the coverage will cease (e.g., until the child reaches their working age) can differ between policies, so make sure to clarify this with the insurance company.

To get the most up-to-date and accurate information on insurance policies available in Malaysia, it's best to directly contact reputable insurance providers or consult with a licensed insurance agent who can help you find a suitable plan based on your specific needs and requirements.

Hi,

1. For ILP medical cards, which company offers good no claim bonus? My spouse managed to get 20% premium refund if no claim from Allianz last time. Wondering whats available in the market now.

2. For term CI that can be bought online, it will auto reject if the applicant had history of cyst (non cancerous)? How come ILP can apply but term will reject?

Thanks

1. For Allianz, the benefit that your wife is having is no longer offered to new customer.

And Yes, still got such offer in the market.

2. Online product is straight forward, it'll auto reject if you got any health problem. Applying through agent will normally have room for you to declare and appeal.

Yeah too bad was told by the agent the incentive/plan not offered anymore. Probably the closest i see is like AIA health wallet, but it doesnt go into the account value to help policy sustainability but need to find specific things to spend the money on.
Edit: Oh i saw Generali also has 20% cash back after 5 years no claim.

Ok got it.

This post has been edited by Gaza: Jul 29 2023, 06:05 PM

Hi, regarding family packages for medical plan...are there any conventional plans in which the whole family shares the policy and limits e.g. RM 1 mil annual limit shared between all members? Or family package means each one has their own policy, but discounted rates?

I think I previously saw AIA having takaful medical plan for shared policy among family members, but disappeared from website already.

Thanks.

AIA no longer offer the AIA A-Life Medik Famili medical card plan.

Do consider individual medical card plans, available in both Takaful & conventional insurance.

Hmmm so far if shared amongst all the members, not that I know of.

The family package now comes with their own separate limit, so you don't have to worry about the limit being insufficient if it's being shared among many members.

And yes, such plans are still available.

Yeah, of course we do keep it accurate and truthful. Not just us, a lot of others as well.
Otherwise, it would be so easy for us to readily destroy each other here. Kan?

Yet, we're still here. (@lifebalance macam dah 10 tahun bro...)
And wouldn't it be counterproductive for me to be defending my "competitors" here, and they also urging me to charge?

I know for a fact that I may get some minor details wrong here and there.
And it is clear that I have, recently. Someone pointed it out to me and I realized I did miss out a detail, and I stand corrected. Very publicly.

As to how I carry myself, I just try to be as layman as I can.
What's the point of putting up a front and miss the whole point of an effective interaction?

This post has been edited by JIUHWEI: Jul 30 2023, 04:04 PM

Here's what happens:

Upon applying for ANY personal insurance policy at all, you put your signature down on a form (paper or digital) right?
What you're actually signing, is an authorization form. Basically you authorize any medical facilities, insurance companies, institution or person, etc, to disclose any and all of your health information to your insurer.

In short, yes to all of your questions, and the timeline is since your birth.
Yes, including doing your own blood test at a lab.

We need to understand the nature of a contract works both ways on equal footing.
Even if insurer A declines and insurer B accepts, nothing will stop insurer B from investigating, and subsequently void the contract if something shows up on your record that says otherwise from the initial health questionnaire upon application.

天有不测风云，人有旦夕祸福
We just manage as best we can along the way.

Yes, they are the same insurance policies that you buy, i buy, everybody else buy.
When your kids start working, let them take over their own policies.

You can ask around your friends who are in the insurance agency career. I'm sure they are more than happy to help you.

Got business ownself walk in who not happy

That is sibeh true. Truth be told, career agents like me especially value friends who are also my customers.
I even had a friend that signed up blindly. Betul didn't care what it was, just told me to think for him, in his best interest.
Guy also became my groomsmen at my wedding. I'm still following up with him to review after all these years.

The same is also true to basically any SME business owner la.
Who doesn't like supportive friends?

That's why I always encourage to seek out your own friends in the career.
Be THAT guy to him/her.

Let's say when we sign up a medical insurance and declare no family history, then only found out that actually one of the family members has a medical condition. Should we declare this to the insurance company? If yes, what will happen to the policy?

To be reviewed by the insurance company. Discretion up to them if they need to impose anything after your disclosure.

Why? At the point of purchase the disclosure made was accurate

Did you mean the family member's medical condition only discovered AFTER your declaration?

Sorry for the confusion. Yes I mean only discovered that the family member had a medical history after purchase the policy.