I'm thinking the same too. But instead of buying term life, I have an old life policy that's still active... which I can request my agent to increase the insurance coverage up to rm500k... currently just 200k..

A lot of life insurance policies don't allow you to buy if you're past 45 years old... amazing

You're eligible to buy as long as you're below Age 70.

Eligible, but likely subject to additional underwriting as health conditions may have changed.

Just curious, if my application requires a blood test is it claimable?

Ask the agent that you're applying with. Diff company diff policy.

Hi all,

I am looking to get the AXA eMedic.

One of the questions asked was "In the past 2 years, have you consulted or do you intend to consult a medical pracititoner or specialist for investigations, medical referrals, surgical operation or treatment on any medical conditions (other than common flu or cold)?"

I have had dengue and went for medical check up (all good) in the past 2 years.

I assume my answer to the question will be no?

You can mention that you had dengue in the past 2 years.

when not stated, means wont get back anything upon maturity. if you look at those purchasable online, likely only get something when die.

This will be a simple way for me to explain how to differentiate.

you age 41, etiqa should be available for purchase. if Male, mahal sikit lo.

Sifus,

This says that assigning a nominee only makes them executor of my will if I die, or if I don't have a will, then executor of the common law. If I want the policy to be paid out to someone specifically I need to assign a policy beneficiary.

So I asked my agent how to assign someone as a policy beneficiary and he said just nominee is fine and they will get the money, don't worry. But I am worried!

What should I do?

Hi sifus,
my fren had HPV-non cancerous long time ago. Already clear, doctor also not required to monitor or take medicine. Is this required to be stated when buying insurance? will it effect the premium or coverage?

Uhm, the instruction in c) is already quite clear, your nominee should be your spouse/child, if you don't have spouse/child then it'll be your parents.

You'll have to declare and let the underwriter to determine the risk.

What If the medical card already bought long time ago. Still need to find back the agent to declare?

But it's also clear that if nominee isn't my spouse or child , e.g. my siblings who could be dependents, or close relatives... Then I can't make them policy beneficiary just by making them nominee... correct?

Or are you saying that insurance policies can only be made out to spouse and children, or parents?

If you applied your insurance after such event had happened, the insurance company may use it against you as non-disclosure.

However, if the event had happened after you've applied for your insurance, then you don't have to re-declare to the insurance company.

Where the nominee is not the policy owner’s spouse or child or parent (if there is living spouse or child at the time of nomination), the nominee will receive the policy moneys only as an executor and shall distribute it according to the will, or if there is no will, the applicable laws of distribution. In such a case, the policy is called a non-trust policy. The policy moneys form part of the deceased’s estate and are subjected to his debts.

For example, if you nominate your brother, he will receive the policy moneys as an executor. The policy moneys will then form part of your estate and your brother would be bound to distribute the policy moneys accordingly, including to your creditors, if any. If there is a surviving spouse, child, or parent, and there is no will, then according to the Distribution Act 1958, the brother will not inherit any part of the estate.

why is the agent you're engaging not explaining it to you?

Already mentioned as per my above post. I read it to mean exactly what you said. But agent said don't worry. Will get the money. So looks like it's a misinformation from the agent.

Thanks for replying.

you're welcome

Hello All, I have an old medical card policy with ING and later acquired by AIA. The annual limit is 100k and lifetime limit is 300k, which is very outdated as most of the policy nowadays is with unlimited limited (told by the agent)

Still considering the change within AIA or other insurance company, but may I know the switch over is usually to
1. terminate the old policy, and subscribe with the new policy and waiting period (120 days) applies.
OR
2. is there any possible way to switch over to new policy without any waiting period?

Keep that old policy n Buy a new policy with deductible?

This post has been edited by MUM: May 15 2021, 09:55 AM

Hi all,

Below is my current plan, used to be monthly RM240 on PRULink Assurance Plan.
Then agent advised me change to RM100 on PRULink Assurance Plan, and RM140 on PRUWith You. (Current)
Now agent advise me cancel PRULink Assurance Plan, and total RM240 on PRUWith You instead.
Should I go for it or there's something going on? Thank you.

PRULink Assurance Plan | RM100
Benefit Description - Benefit Purchased
PRULink Assurance Plan - MYR 80,000.00
Accident Medical Reimbursement - MYR 2,000.00
Accidental Death & Disablement - MYR 80,000.00
Crisis Shield Benefit - MYR 80,000.00
Enhanced PRUPayor Basic - MYR 1,200.00
Hospital Benefit - MYR 200.00 per day
PRUDisability Provider - MYR 8,000.00 per annum

PRUWith You | RM140
Benefit Description - Benefit Purchased
PRUWith You - MYR 10,000.00
Payor Basic - MYR 1,680.00
PRUMillion Med - MYR 250.00 (Room & Board)
PRUMillion Med - Med Saver MYR 300.00
PRUWith You (TPD) - MYR 10,000.00

This post has been edited by Ching Aik: May 15 2021, 10:19 AM

1. There will be a new waiting period of 120 days, I believe what you have is Excel Care.

2. Not likely.