Thank for your reply guys.
Ok understand . The sum assured also meant the ward room charged for one day right , other than total amount cover per year? That what I understood from the brochure from website .
I’m considering buying AiA medical  insurance. Any lyn forumer hv licensed aia agent pls pm for proposal . Tq

the story is too long here, is there a summary of Do and Donts in Malaysia insurance on Life and Medical insurance.

Interim measures to provide continued access to suitable MHIT products

1. To help manage the impact of MHIT premium adjustments, ITOs will spread out the changes in premiums over a minimum of three years for all policyholders affected by the repricing. This measure will remain in place until the end of 2026. With this measure, at least 80% of policyholders are expected to experience yearly premium adjustments due to medical claims inflation of less than 10%.

2. For policyholders aged 60 years old and above who are covered under the minimum plan within the MHIT product that they purchased, ITOs will temporarily pause premium adjustments due to medical claims inflation for one year from their policy anniversary. The interim measures above are not applicable to premium increases that may apply when a policyholder moves to a higher age band. This will be managed separately by the ITOs.

3. Policyholders who have surrendered or whose MHIT policies have lapsed in 2024 due to the repricing can reach out to their ITOs to request for a reinstatement of their policies based on the adjusted premium under this measure without additional underwriting requirements.

4. All ITOs will provide appropriate alternative MHIT products at the same or lower premiums for policyholders who do not wish to continue their existing MHIT plans that have been repriced. ITOs that do not currently offer appropriate alternative products must make these products available to policyholders by the end of 2025. Switching to the alternative MHIT products will not require any additional underwriting or involve any switching cost. This, together with other reforms to contain medical cost inflation, will serve to avoid significant future premium adjustments.

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Item #4 is interesting, especially the bolded part. If I am reading this correctly, as an example, policyholders on the older Great Eastern ILP riders (such as SM or SMX) can "upgrade" to the newer rider (i.e. SMS) without undergoing a full medical underwriting! The benefits of the newer plan is superior, AND the premiums are lower.

Sounds too good to be true. How can Great Eastern and the rest agree to this thing? What's the catch?

Also, won't this disadvantage the existing cohort, as the bad risks from the older plans infiltrate their cohort and cause a rise in claims?

I am 28 this year. Looking for recommendation for reasonable medical insurance (non-investment-linked) with annual limits equal or above RM1.5million (no lifetime).

From that GE product link, I found this, ...

Base on policy T&C. GE offered opt-in campaign before.
Same thing apply to all other companies.

GE new medical policy all covered covid now.

What other treatments/procedures that you think should be covered by insurers but are not covered, based on ground info? Also, any ground info on what these insurers view as experimental/investigative treatments?

If it is stated clearly in the T&C and if the insurer are clearly exempted/eligible to be covered as per the stated T&C, then if GE refuses to covers it,  then they (GE) no afraid omdusman financial services will ask them to comply and pay?

One is enough for GE to not repeat the same "offence".
I think Omdusman will not like to see repeat of same "mistake" from GE

Base on your 3 questions, aside from AIA which insurance is on the reliable list?

Yes, and I refuted OP based on true experience and I made it clear 2nd point is based on hearsay, it is included as a suggestion on why some cases are delayed/rejected.
Tbh, some posters here made it sound like insurance is a money game scam where early birds reap the benefit and those that don't exit the game bears the loss. If insurance is so unreliable,  why even bother getting it ?

I received proposal from AiA standalone medical room & board RM 180 and annual limit RM 180 K with deductible RM 500 each time warded

Is the annual limit RM 180K enough for cover
any major surgery medical cost ? 

For example the  room & board for RM 180 not available, only higher price room available for RM 280. So the difference amount will RM 100 for each day. In the final invoice from the hospital will be charged extra RM 100 per day plus with any amount that was fix by the insurance company or follow the hospital invoice for different amount for the room & board?
Please advise on these guys . Thank you .

Hi All,

Did any one engaged with financial advisor(FA)for insurance recommendation before?

As my insurance agent told me (of course they want you to buy from them instead of other FA), for the same coverage, the cost of insurance from various companies are more or less the same, may be RM10-50 differences only. Why am I paying the FA more than thousands to get the same advice which they could give you free. The extra money you paid to FA can pay to the insurance premium instead.
Thus, would like to ask for your experience, does it helpful and really bring out of the best value that suit to your case? and does it provide better service/insight than insurance agent?
Thank you!

I see, so seems like the information shared was valuable and worth to pay for it?

Layman language here:


Let's say:
I purchase medical insurance ILP for RM 250 per month and I observed there are RM 660 cash value in my portal after paying 12 months.

My medical insurance package (RM 250):
RM 3 million annual limit, no lifetime limit
RM 250 room & board
Coverage age until 90-99 years

If I looking Net Premium without Cash Value, I actually paid RM 195 per month for above benefits. While those cash value are withdrawable. Assuming that standalone medical insurance with RM 195 per month don't have such benefit in the insurance market, I actually obtained way higher coverage compared to standalone insurance (if they don't have cash value???).

If the cash value in % remains the same for many years, then I can know how much cash value will be accumulated in next 10-15 years down the road.

====================================
1. Is this logic making sense? In layman term.
2. Anyone can share your % of cash value accumulated for years? I can see big difference for medical/critical illness and life respectively from my portal.

The table above is NOT my actual plan but I just give an example for illustration.

"At best care scenario it's zero. At worst case it's negative balance."
This only happens if we don't pay per month while relying cash value to sustain the policy, so then cash value will be reduced in monthly basis?

I had an ilp plan for 20+ yrs, ... I surrendered it last Nov, ... yes still hv cash value of 100+k returned to me.

If you keep on paying on time and at the amount as requested, up till your 80+ yrs old, there should still be cash value left inside.

Don't you realised that, there will be frequent premium repricing and also the age group premium hike like 51-56, 56-61, 66-71, 71-76, etc etc?
These increases will not decrease the cash value and it may increase it further too

it is NOT about if I think it is good.

What is am saying is that surrender cash value is there till your are 80 yrrs old too.
It won't go missing.
Which you said its will be no more

Again it is not about how much or what is the roi, ...
It is about the availability of that surrender cash value till you are old.

It will depleted if you did not continue to pay on time at the amount they requested