🧐China?? How and what issues will China be able to solve?

Is Hong Leong assurance medical insurance good enough as it is not as famous compared to prudential, AIA, GE etc..

now others seem to have already shared their point of view and let me share mine with you.

a Bypass surgery in UMSC, i had to fork out RM90k+ from my own pocket for my mum. I wish she had some sort of insurance even the cheaper ones which most likely she need to pay a couple of thousand at age 65.
RM100k or RM150k covers ALOT of illness that's what i can tell you now. If my mum needs to join the queue in Serdang, most likely she's dead already. The queue alone with take more than a year just for an angiogram another 6 - 8 months to obtain the right amount of stent.

it's a good option for the mass public which doesn't have enough in my books. of course if you can afford those RM400 - 600 monthly premium by all means go for it.. but if you only have RM100 to spare at age 30/40 these are good options.

kaotim by takaful malaysia also can be bought online up to 1.1 million

Guys, can someone suggest me which standalone medical card in Malaysia best for value now?
For age above 50, min 30k annual limit is enough, 200 board room

Always check on the average medical pool claims cost, average medical claims size.

I just checked my old received repricing letter.

They did provides some info.
Just not sure what those info can help a new potential customers in determining which insurance companies to choose to buy a new plan or help an existing policy holder's to determine if he should cancel it or change to another company.

I did not bother with the repricing reason, ...I just continue to pay as asked, since I can still afford it, and the feeling of the need of that coverage which I think I needed it.

If I am buying a new plan, I still don't bother with the repricing reasons as I know it is a constant increasing things which does not just happens in Malaysia. Even a strong governance country like Spore are facing this issue too.

I strongly beliefs,
It is either you buy or continue to keep or you can do the opposites..... the insurance companies don't bother.

Average medical inflation is 5.3% pa, yet the premium increase is 25%. Luckily it is not every year premium increase 25%, and luckily BNM said no more than 10% until, ....
But hor, .... I just checked my last month cc bill. ...
Billed RM4,656, that is another 35.58% from last year of RM3434

I am 35 this year, looking for standalone medical policy with minimum annual coverage limit of 1million, do you have any suggestions?
By the way, for standalone medical coverage, do they usually the CI waiver where do you don’t have to pay the premium ?

An interesting point to note, as I compare PruWeath vs PruWealth Premier.

PreWealth covers only death + TPD.

PruWealth Premier covers only death, with a TPD add on.

Both policies cover the same term, same sum assured. In both cases, premiums are guaranteed. The terms and conditions, benefits and exclusions are all identical.

Yet, PruWealth annual premium is RM3,585 and PruWealth Premier (with TPD rider) annual premium is just RM2,340.

The reason why? Because PruWealth probably has a lower lapse assumption built into the pricing, which allows for a higher surrender value mid policy. PruWealth Premier, being newer, possibly has updated pricing assumptions including higher lapse assumptions, which tighten the surrender value considerably.

PruWealth:


PruWealth Premier:

Generali standalone medical insurance doesn't cover outpatient dialysis

I've heard a lot of unsatisfactory reviews about GE as well. I wonder what's up with them.

Just a Substack - with screenshots of some of the things I had posted in this forum.

To be frank, communications is not my area of expertise - I don't know how to write things simple enough for a mass audience.

No point writing something technical if the layperson who is actually impacted doesn't get the point and feels there is nothing much they can do about it.

I was hoping for others working in media to carry forward this issue. They are the ones with the platform to spread awareness, not me. But maybe it's too much of an ask.

For that highlighted, .... if you want to do that, try after age 65.
As an article from SG, pointed out that "most critical illness claims happen from age 51 to 55. And the bulk of claims happen from age 41 to 65".

Regarding your mention of "CI is expensive", try PM "Ramjade", I think he got one from SG at "alot much lower price" compared to MY.

Then, mind to repeat/repost that info here again?

Can a Malaysian be covered for a CI plan from SG based insurer?

I need help regarding my insurance. I got SMS saying that my insurance premium will be hiked on 1 Jul 2025.

What happen if i continue paying the same premium amount?

mu monthly premium is enough to cover insurance charges. And Insurance funds is the lousiest fund ever. Imagine this, bond fund after 5 years, return is mere 2%.
I really dont know why I cant just pay the monthly insurance charges only. Why i am forced to invest lousy funds?

Prudential says if i cant afford, ask me to downgrade, my plan is already the most bottom and i already copay 3k

summoning ramjade

thank you, i decided to pay the same amount.

what i really worried, is they cancelled my policy despite having enough balance to cover insurance charges

my current insurance charges is RM52.69 a month. When my monthly insurance charges over my premium, then i topup extra.

You're buying insurance for protection, not for speculation. Plus, a sustainable ILP policy requires fees and charges to be met as and when due. In order for this to happen, the investment asset return profile needs to stable, not volatile.

Wouldn't it be better for a portion of allocated funds to be in short to medium term liquid, safe assets to meet short to medium term fees and charges as and when due and the rest to be in some sort of a balanced fund to meet long term fees and charges?

Wouldn't this require a continuous rebalancing of allocated assets?

Shouldn't ITOs provide continuously rebalanced low to medium risk allocation strategy options - I think quite a number do, but how often do they actually promote them to policyholders?

The default most of the time is the 100% equity option as the premiums are cheaper.

Whether the investment assets should be in the Malaysian, US, Japanese, Asia Ex-Japan etc. or a mix of those markets, what forex, mix of asset class and counterparty risks to take, do you think the average consumer has the knowledge to make such decisions?

Whatever allocation option chosen, the ITO must be accountable for the return rate assumed for sustainability purposes.

If a negative balance arises, the ITO musn't lapse the policy. They have to take on the liability for it.