Hihi

did not apply for decrease in premium since new born.

Means the 150 /mth premium stayed for 10 years ?

I think mine ( from ing) had a 50% decrease before slowly rising .....

It increase once few years back, about 10, to RM160, until yesterday suddenly increase to RM250.

50% reduction is automatically or you apply? Any reason decrease so much?

Not sure what exactly was the coverage, but that quantum of increase is steep at age 10
Mine just had an increase of abt 200 pa (700 > 900) last year

Automatic, ... not sure why, but I think perhaps it was due to the reduction of risk after few years older "versus" higher risk below 3 yrs old.

This post has been edited by MUM: Apr 25 2024, 06:07 AM

Also had to do with premium contribution. If you only opted for the lowest premium contribution when your agent promoted you the plan. Then don't be surprised that it gets a drastic premium hike when a repricing is done.

Is this an investment-linked policy?

if yes --> under normal circumstances, if you owned the policy for 10 years, you would have received repricing before. it is unlikely this is the 1st time they reprice or "naik harga". probably because previously you didnt increase premium in the past, the increase is more drastic now.

if you read your letter, maybe you can check if they explained how much the cost of insurance actually increase. then you know the actual cost increase... the rest is really because of what i have mentioned above.

I have a question regarding medical insurance.

I recently decided to subscribe to a medical insurance policy and so I was prompted to declare all of my previous / past medical histories (just gastritis actually). Upon submission, the insurance company countered with an offer that my policy will have "any matter related to gastritis, gastritis ulcers and incidental thereto" excluded.

Is this normal or the insurance company is trying to be difficult?

How long had you had that "medical" issue?
When was that last occurred

it was my first time being diagnosed with gastritis and that was about 2 months ago.

This post has been edited by shaniandras2787: Apr 25 2024, 03:33 PM

Since it is just 2 months ago, ....I think and would place my bets on "it is normal for the insurance company to excludes it .....for they does not want to take that extra risk of the reoccurrence of that issue"
Just my bets, ...not a sure thing.

It is a good thing that you declared it, else there is a high possibility that your claims maybe denied later.

This post has been edited by MUM: Apr 25 2024, 03:42 PM

So you did have a history of pre existing illness in the last 2 months, this is required to be declared.

Pre existing illness are not covered by the insurance company.

Yes normal. Any existing illness won't be covered cause once get you can get it again. Unless somehow you can show them you got no symptoms or consultation for 5 years. But that one also insurance will exclude it.

Anyone took Generali eCritical Early Care ?

https://letsgoforlife.com/buy/online-critic...s-plan-malaysia

Does the yearly premium increase according to age base on the Premium Rates table after we purchase ?

https://generali-malaysia.webflow.io/wf-ass...ly-care-pds-pdf

premium will be incremental as illustrated in the table.

https://www.tuneprotect.com/products/travel-easy-insurance/


I think best is you go for check up to showcase you are okay and get Doc write a letter about it. Your agent will know the process.

Just a note, depending on the types of insurance plans and etc, etc.
While the "age based range" can be the same as in the table, but the premium amount stated in premium rates table could be just an amount "for that period in that time of issuing the Premium Rate table with the policy". As the stated amount can be subjected to frequent periodic increases after that, which could be due to (medical inflation) repricing and changes to the Premium Rate table as illustrated in post 1 of this thread.

How to deal with medical insurance repricing?
https://forum.lowyat.net/topic/5432101

In it has 3 tables showing the changes to the to be pay premium amount based on the same stated age ranges over a 9 year period of a same plan.

This post has been edited by MUM: Apr 26 2024, 07:08 AM

Forget critical illness insurance in Malaysia. Go with sg version instead. Cheaper, more coverage. Fixed pricing. Personal experience. AIA charges me RM14k/year for 500k worth of coverage.

Singlife only charges me for RM7k/year for RM500k with booster and multiplier. (Coverage come up to around RM1m for RM7k/year).

Both offered me fixed pricing. Coverage was around to 60 years old.

Only downside
1. Travel down to Singapore to buy the product. It cannot be bought online. Signing of the insurance needs to happen in Singapore soil.
2. Priced in SGD
3. All claims need to be notary certified and post to SG.

This post has been edited by Ramjade: Apr 26 2024, 07:42 AM

Rm14k per year from AIA? May I ask why so expensive for your age? I am in early 30s and my monthly ILP is about rm270 for 1 million coverage.

Also just wondering if u buy SG insurance, if u need to claim , would it be a hassle if there’s no agent to
help?

Cause I want early critical illness coverage. If you buy traditional critical illness coverage it's cheap. Cause you will be half dead and they they pay you. You go see what critical illness is in your ILP.

Early critical illness won't be half dead. Early critical illness is expensive as likely you are going to claim vs late critical illness. The more early critical illness coverage you have, the more expensive it is.

All you need is doctor report with chop and signature, certified with notary, post it down to Singapore and you are done.

Of course all critical illness have to fulfilled definition and must survive. If you don't fulfilled definition or you died, you won't get paid.

This post has been edited by Ramjade: Apr 26 2024, 11:27 PM