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 Insurance Talk V7!, Your one stop Insurance Discussion

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lifebalance
post May 1 2021, 09:21 AM

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QUOTE(MeowSama @ May 1 2021, 02:14 AM)
I received letter from the insurance company to increase the premium for my Medical card. Any issue if I just ignore it?
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You may choose to ignore but do bear in mind that your policy term of coverage may have been shorten due to the increased in the cost of insurance.

For example if your plan was suppose to cover until Age 70, it may have dropped to say Age 65.

Do check your statement to find out your updated Sustainable Age.
thecurious
post May 1 2021, 09:48 AM

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If insurance plan is buy from agent, can renew and make payment online? or must go through agent?
lifebalance
post May 1 2021, 09:56 AM

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QUOTE(thecurious @ May 1 2021, 09:48 AM)
If insurance plan is buy from agent, can renew and make payment online? or must go through agent?
*
For life policies
If the policy is already issued, method of payment includes
1. Debit or credit card
2. Direct debit from your bank account
3. Payment via the insurance company website or app

If you're talking about general insurance, once a quote is given and you're satisfied with the coverage and premium, you may choose to direct bank in to the insurance company bank account and provide the payment receipt to the branch or agent.

Payments can be made via credit card as well by filling up the form to deduct from your credit card.

This post has been edited by lifebalance: May 1 2021, 10:02 AM
thecurious
post May 1 2021, 09:59 AM

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QUOTE(lifebalance @ May 1 2021, 09:56 AM)
For life policies
If the policy is already issued, method of payment includes
1. Debit or credit card
2. Direct credit from your bank account
3. Payment via the insurance company website or app

If you're talking about general insurance, once a quote is given and you're satisfied with the coverage and premium, you may choose to direct bank in to the insurance company bank account and provide the payment receipt to the branch or agent.

Payments can be made via credit card as well by filling up the form to deduct from your credit card.
*
Thanks for the info!
Cyberbullies
post May 1 2021, 01:31 PM

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Any hong leong agent here?

For medishield rider III, it is stated that it is covered till the age of 100.

But can the premium up to 90 or 100 be calculated and guaranteed at the time of buying?

I was told that the HLA system only allows calculation up to the age of 80 and from 81 onwards the premium has to be re-assessed at that particular age.

Seems weird since PRU and Allianz both allow calculation up to 100 straight away.
lifebalance
post May 1 2021, 01:40 PM

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QUOTE(Cyberbullies @ May 1 2021, 01:31 PM)
Any hong leong agent here?

For medishield rider III, it is stated that it is covered till the age of 100.

But can the premium up to 90 or 100 be calculated and guaranteed at the time of buying?

I was told that the HLA system only allows calculation up to the age of 80 and from 81 onwards the premium has to be re-assessed at that particular age.

Seems weird since PRU and Allianz both allow calculation up to 100 straight away.
*
No issue, can quote all the way to age 100.
Kitty_catts
post May 2 2021, 09:55 AM

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Hi. Can someone advice me on which medical insurance fits my criteria. Few things that Im looking for

No deductible charges. Insurance pay for all.
Cashless admission. If hospital itself require deposit, its okey.

Some of the insurance I found fit my match are :
1) Allianz - MediSafe Infinite+
2) Tokio Marine - Premier Medic Partner


However I dont know how good are their customer service. Open to any other suggestion / insurance as well.I also have a company medical insurance with limit up to 80k.

lifebalance
post May 2 2021, 09:59 AM

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QUOTE(Kitty_catts @ May 2 2021, 09:55 AM)
Hi. Can someone advice me on which medical insurance fits my criteria. Few things that Im looking for

No deductible charges. Insurance pay for all.
Cashless admission. If hospital itself require deposit, its okey.

Some of the insurance I found fit my match are :
1) Allianz - MediSafe Infinite+
2) Tokio Marine - Premier Medic Partner
However I dont know how good are their customer service. Open to any other suggestion / insurance as well.I also have a company medical insurance with limit up to 80k.
*
There are quite a few option, some may have atleast 300 deductible minimum but I'll list based on their latest plans with non-deductible options below.
Allianz
Manulife
Hong Leong
AIA

This post has been edited by lifebalance: May 2 2021, 10:10 AM
Kitty_catts
post May 2 2021, 10:16 AM

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QUOTE(lifebalance @ May 2 2021, 09:59 AM)
There are quite a few option, some may have atleast 300 deductible minimum but I'll list based on their latest plans with non-deductible options below.
Allianz
Manulife
Hong Leong
AIA
*
AIA which type ya? Theres too many type in AIA + a lot of it need to contact agent
lifebalance
post May 2 2021, 10:18 AM

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QUOTE(Kitty_catts @ May 2 2021, 10:16 AM)
AIA which type ya? Theres too many type in AIA + a lot of it need to contact agent
*
You'll need to buy through an agent
adele123
post May 2 2021, 10:39 AM

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QUOTE(Kitty_catts @ May 2 2021, 09:55 AM)
Hi. Can someone advice me on which medical insurance fits my criteria. Few things that Im looking for

No deductible charges. Insurance pay for all.
Cashless admission. If hospital itself require deposit, its okey.

Some of the insurance I found fit my match are :
1) Allianz - MediSafe Infinite+
2) Tokio Marine - Premier Medic Partner
However I dont know how good are their customer service. Open to any other suggestion / insurance as well.I also have a company medical insurance with limit up to 80k.
*
I would recommend not to limit your option by must only buy those without deductible.

Low amount of deductible of rm300 can save you more money on the insurance portion. Even if low amount deductible, it's still cashless.
AnasM
post May 2 2021, 10:50 AM

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QUOTE(roystevenung @ Jan 31 2021, 10:43 AM)
Welcome to the Insurance discussion thread Version 7.00!

Click << HERE >> for the Insurance Discussion Version 6.00!

Created Date: 31st Jan 2021

If you have any questions on insurance, just ask the experts in this thread!
The Top 20 posters in Insurance thread version 6.00  notworthy.gif  thumbup.gif

lifebalance 535
ckdenion 223
Cyclopes 181
MUM 95
GE-DavidK 90
tyenfei 72
adele123 63
JIUHWEI 60
Holocene 48
yklooi 39
Ewa Wa 36
coolguy_0925 30
tan71500 25
jack2 25
cherroy 24
farizmalek 22
rocketm 21
Oklahoma 17
ping325 17
responsible poster 13
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If die due to covid, will insurance payout the LIFE insurance portion?
lifebalance
post May 2 2021, 11:57 AM

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QUOTE(AnasM @ May 2 2021, 10:50 AM)
If die due to covid, will insurance payout the LIFE insurance portion?
*
Yes
Kitty_catts
post May 2 2021, 02:38 PM

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QUOTE(adele123 @ May 2 2021, 10:39 AM)
I would recommend not to limit your option by must only buy those without deductible.

Low amount of deductible of rm300 can save you more money on the insurance portion. Even if low amount deductible, it's still cashless.
*
I see.. which insurance have low deductible?
Kitty_catts
post May 2 2021, 02:39 PM

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QUOTE(lifebalance @ May 2 2021, 10:18 AM)
You'll need to buy through an agent
*
Agent will provide all the info needed?
adele123
post May 2 2021, 03:10 PM

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QUOTE(Kitty_catts @ May 2 2021, 02:38 PM)
I see.. which insurance have low deductible?
*
you can source from different insurers.

GE, Pru, AIA semua ada la... smaller ones pun ada, see which agent approach you and service you better lo.
ckdenion
post May 2 2021, 09:59 PM

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QUOTE(thecurious @ May 1 2021, 09:48 AM)
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hi thecurious, yes you can pay online via ebanking. some allow to pay through the insurance customer portal too.

QUOTE(Cyberbullies @ May 1 2021, 01:31 PM)
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hi Cyberbullies, yes can be calculated up until age 100.

QUOTE(Kitty_catts @ May 2 2021, 09:55 AM)
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hi Kitty_catts, basically medical card from most insurance companies (likely all) suit your criteria. Allianz and Tokio Marine customer service is okay, i don't have bad encounter with them.

QUOTE(AnasM @ May 2 2021, 10:50 AM)

*
hi AnasM, if you are referring to life insurance, then yes death due to covid is payable.
Jerrylum88
post May 3 2021, 11:55 AM

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Hi sifu, My dad is currently 67 years old with a medical record of mild hypertension and controlled. His current insurance plan is expiring soon, what are his options in order to extend it??
lifebalance
post May 3 2021, 12:55 PM

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QUOTE(Jerrylum88 @ May 3 2021, 11:55 AM)
Hi sifu, My dad is currently 67 years old with a medical record of mild hypertension and controlled. His current insurance plan is expiring soon, what are his options in order to extend it??
*
Depends on the company that he’s subscribed to at the moment.

If he’s only allowed to renew until age 70 and thereafter no more.

Then maybe you can consider to subscribe another medical card that allows renewal up to the age of 100.


ckdenion
post May 3 2021, 06:28 PM

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QUOTE(Jerrylum88 @ May 3 2021, 11:55 AM)
Hi sifu, My dad is currently 67 years old with a medical record of mild hypertension and controlled. His current insurance plan is expiring soon, what are his options in order to extend it??
*
hi Jerrylum88, what is the name of the medical card? if can renew to 99 years old and annual limit is good enough, best is to stick with it. if not, then can plan to get a new one renewable for another 20 years at least (more advisable). perhaps let's see what the current card is first.

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