thanks for the explanation,...
in your example,...

Eg.
I bought a policy for my children.
I am the policy owner and the 1st party and will pay the yearly premium.
My children are the 3rd party.
The insurance co is the 2nd party who will pay a claim for any injury or medical claim.
The money goes to the policy owner and not the 3rd party.

(same situation i am having too...)

so in this case, can i pass this policy to my children when they are working while i am not?......some thing like mentioned "absolute assignment"?

so if before 26 yrs old or lets say at 20 when my children started to work and had money of their own....can i use "absolute assignment"

for 1tanmee case,....what if the policy owner is not yet die, cannot transfer?
mind telling what type of insurance are having that now? so as to take note of them and tell my relatives and buddies about it.

I recently got whatsapp from my agent telling me my application got rejected due to medical conditions (that I am too shy to share here). I waited months and did my due diligence by giving documents. 6-7 months and the answer is rejected. I am sad and in despair…

Applied to PruBSN…

Thanks for the reply! and if I could enquire two concerns of mine, and hope you can enlighten me further:

1- Why is it that she can transfer it to any other person (e.g. my mother/her father) when the life insured is the same? I mean, it boggles me, as in either cases, the benefits are mine to enjoy (hospital admissions, daily cash allowance, etc) Except for death benefit, I guess, which the policyholder can grant to any persons mentioned as nominee.


2- How is it more complicated doing absolute assignment than to leave it as-is? I'd thought it'd be easier now, given that the consent can be easily given?


3- While this may be the case now, it may not be the same in the future, which worries me that the insurance lapses, or suspended(??) and I have to look for new insurance coverage. Which would be hard as I would have gotten older and maybe with medical conditions that would not allow me to get new insurance (or with very high loading)

what make u think "While this may be the case now, it may not be the same in the future", have u read the policy contract and have a really careful read? read and find the clause out. Policy contract can't change suka suka. If it mentioned Policy owner passes on then all the power will transfer to you (Life assured). When times come, transfer unsuccessful then bring to court and sue.

Same same
So Im confused about the price difference

hey bro, thanks for the reply.

however, i think it is unfair to the new agent as the new agent will be serving the client for free?

can new agents reject these kind of clients who wants to transfer out from original agent?

i dont see any merit for new agents to take up these cases.

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Saw this on FB. Anyone know what is this? We get a free rider with no extra premium??

Mind telling, just for added knowledge sake,.... Did those insurance that quoted you,.....Did they exclude that preexisting illness or includes extra loading on the premium?

So that means, after giving the quotation, the company can still choose NOT to accept providing the coverage too?

yeap need a lawyer to sue back insurer , however case to case basis.
this china press did not reveal which insurance company and what plan the client purchase.
if the covered terms is written black & white inside initial contract but still reject claim , then chances of winning is very high.

Hemorrhoids treatment, back pain checkup but no treatment and etc

My agent also never asked me on past medicsl record although all small case and minor surgery. Everything tick ok by himself. So what action csn i do? Bought aince many years ago. Just ask me give him blood test report.

Just curious. Actually how many years record can insurance company trace back? 5 years, 10 years or 20 years?

If i have two medical plans, can i claim the full room and board from both plans?

Example: R&B hospital charge at RM300 / day

Card 1 - R&B coverage RM100
Card 2 - R&B coverage RM200

   

Buy the 2 plans from the same insurer....for ease of claim procedures.

Hi guys, is there any fixed premium for standalone Critical Illness plan? I read that premium for standalone CI plans are usually not guaranteed unless it is tied with Life Insurance

ohh that is how it works ya.

So how to claim back? like i mentioned official receipt (total 100K bill although only claim 40K) only issue one and submitted to company card insurance liao.
accept duplicate meh?

Hi agents, is it true that upon changing of a new medical rider plan attached to my ILP, my plan is considered a restart? Which means I am subjected to more scrutinized investigation for 2 years upon starting of the policy?

And also if let's say I just want to upgrade my room and board from RM200 to RM300, am i subjected to this 2 years period also?

Thanks for ur reply. My SMX 200 plan is only having 132k annual limit. But why is ur colleague GL rejected? And ur colleague is holding the old card as her co-exist card, therefore is able to fall back on it?

Question,  if upgrade from existing medical card Prumed (2009-2020) to Prumillion, is there still required 120 days waiting period? Within this period, is there any coverage?

Now the proposal approve and endorsement issued, but i didn't declare 2019 and 2021 blood test result, i need to concern ?