A person who register themselves for Life Insurance under LIAM can only be entitled to join 1 (ONE) company.

If it's General Insurance under PIAM can be entitled to join 2 (TWO) different company.

Life insurance only 1
General Insurance can be 2 different companies

Thanks a lot

Applied for both AIA and GE but not sure which to choose

For life insurance cannot , he cannot sell AIA / Prudential at the same time.
only can choose 1 at a time , he can sell AIA now but later on resign and switch to Great Eastern.

This post has been edited by ping325: Apr 22 2021, 12:30 PM

the statement here is not really complete. yes it's true that cannot use contestable clause to deny claims, but can use the clause to decline Guarantee Letter first. and indeed, when insurance application is submitted, all the disclosure is already answered in the questionnaire.

hi outpace, you can also look into Manulife's plan that can include spouse and up to 5 children for medical card.

hi kangwoo, what is the concern that you are considering between AIA and GE? perhaps you can share?

outpace
There are 2 options to go about it. Which either you can buy it as an individual policy for each member in the family or as a 1 family plan whereby one person (adult) will only be covered for Death/TPD/PA/Critical Illness + Medical Benefit which extends to their spouse + children.

If you intend to have some insurance payout in the event your spouse passes away, then a family plan may not be suitable to do so but a family plan would be economical if you are a young parent today and raising 2 kids or more and you're on a budget

Depending on your budget, there are a few companies who offers family plan namely AXA, Manulife, FWD, AIA and so on.

Just to give you a rough idea.

For AXA, the plan ranges from term policies starting from RM20k - RM100k annual limit with premium around 243 - 280 monthly. (Based on 2 Adults (Age 30+) and Child below Age 5)



For Manulife, based on an annual limit of RM1 mil (with option for No deductible, RM500, RM5,000) , assuming your age is 30+ with your children below the age of 5, it's estimated your premium starts from 400 monthly (depending on the deductible selected) just on medical card benefit alone (Family plan).

As always, it's best to always have a consultation with a planner to better understand what you need to cover, how much to cover, what suits your budget at the moment and then get the policy tailored and to be reviewed from time-to-time if you need to fill up gaps.

This post has been edited by lifebalance: Apr 22 2021, 06:01 PM

concern about GE services. (if as agent) I wouldn't and didn't want to promote product that too long/many procedures or don't want to pay the claim.

what makes you have concern as such? i was an ex-agent from GE. so far all claims i did from GE was fine. personally also did claims for AIA, Allianz, AXA, HLA, Pru and Manulife before. so far so good. perhaps is there any specific case you wanna share?

Let me get this straight, in your earlier question you asked how many insurance company a person can join, then you wish to be an insurance agent with either the 2 insurance company you've mentioned but at the same time, you're concern that you don't want to do jobs that may require long or too many procedures?

Hi guys I'm looking to start getting myself a basic medical insurance (investment linked) . Any comparison or suggestions on the best plan amongst GE , AIA , Allianz , Prudential etc ?

I heard about Allianz medisafe infinite plan that have annual medical claim limit up to 2.5M and no lifetime limit , tho not sure about the cost , would like to know if there is a better alternate .

This post has been edited by Gatsby IT: Apr 25 2021, 01:48 PM

Not only that, in fact most of the highest medical plan covers RM2 mil - RM2.5mil but do keep in mind that it'll be expensive to opt for it unless you're looking to get the highest coverage possible offered by the insurance company and don't mind paying for the extras.

IMO most of the companies you've mentioned do provide good comprehensive plans, perhaps it'll be best to describe what is your
1. expected budget
2. DOB
3. Gender
4. occupation
5. Smoker or not
6. the tenure of your coverage

This post has been edited by lifebalance: Apr 25 2021, 02:01 PM

Thanks for the reply . I'm actually looking for the most budget if possible GE do provide 1.5M annual coverage for 200-250 I think , looking to insure for as long as possible , Male non smoker .

Not sure what's your age but premium is about 140 - 170 monthly for 1.5m coverage till age 70 for a 25 yr old.

don't worry about that, procedures wise actually are almost all the same. believe your concerns are more on the claims payout side. so long as follow the required document/forms by the company, you are good to go.

if you asked me, agency plays a very important role in your insurance career.


hi Gatsby, every medical card listed here got their own strength. do you have any agent to refer to currently?

This post has been edited by ckdenion: Apr 28 2021, 01:11 AM

hi, i am trying to my prudential insurance online but failed to do so with error message: Advance Premium Payment is not allowed

I suspect my policy type is policy with Advance premium due date.

Does anyone know what is Policy with Advance premium due date?

Can login to your online portal to check?

Or contact your service agent, they shd be able to view from agent portal.

Hi, planning to increase my medical nsurance coverage as currently my old plan only has 50k annual limit. My agent advised to directly buy a new policy as he calculated it would be more worth compared to upgrade as will be cheaper and more comprehensive coverage. However, I will need to maintain the old policy for one year and at the same time pay for the new policy. It doesn't sound fair to existing customer. Any idea how can we go about this?

Which company are you with and the plan name?

Prudential from PruFlexi Med > Prumillion Med

Policy upgrade can be done. Refer to post #100760817

This post has been edited by lifebalance: Apr 29 2021, 08:57 AM