During pandemic, so far, does insurance company still give guaranteed yearly renewal to standalone medical card holder without underwriting?
Anyone come across this?

Thank you so much for your reply, appreciate it!
Indeed there is a upgrade made in 2018 to SmartMedic Xtra.
I did a check the premium difference between SmartMedic Million and SmartMedic Xtra for age 32 is just RM26 for R&B200. So far I see the only drawback is SmartMedic Million with deductible RM300 I guess? Or maybe something that I did not aware of.
Also it does come with regular increment to the R&B just in case R&B getting more expensive in the future.

Yes, agreed with all the sifus said here, I forgotten about if reduce deductible in the future will need to undergo another round of underwriting and subject for approval. So definitely will be out for my considerations for now.

I am actually curious how the commission works here, I would assume that if I did an upgrade of medical card, the commission for that agent will be restarted correct?
And does it matter for consumer point of view? FOR EXAMPLE the medical card premium is 1000 annually, the commission is 30% second year is 25%, I am still paying 1000 annually correct?

Will try to compare the plan out there and see whether there is a worth to make a switch, because thinking better do the decision now than later, but if there is no justification to do that, most likely will continue stick with GE.
Thanks again.

During pandemic, so far, does insurance company still give guaranteed yearly renewal to standalone medical card holder without underwriting?
Anyone come across this?

This is a plan for those want a high deductible amount, pic said 60yo onwards become non deductible. Can it be earlier for example 50yo? Possible or the option only in 60yo?

Hi, does anyone know any life insurance plan that will give higher cashback then what we have paid when reach maturity like 70 years old?

Hi, does anyone know any life insurance plan that will give higher cashback then what we have paid when reach maturity like 70 years old?

All medical benefit insurance requires an underwriting unless it's a Guaranteed Issue by the insurance company to you (normally provided you've been with them (the insurance company as a policy holder) for many years with no health issue/claims). Otherwise it's quite impossible.

However, there are guaranteed renewal medical card out there as well as non-portfolio withdrawal products. Just not "without any underwriting required".

Thanks lifebalance. Not to mentioned new sign-up, my concern is long time existing policy holder with same company. Company are expose to higher risk since customer may recovered from COVID but didn't declare to company.

For other health history/ claims, company will receive claim and records from policy holder. But for COVID, customer may recover before yearly renewal and not submit any claim at all since is cover by gov.

How agent handle this actually?

Hi, does anyone know any life insurance plan that will give higher cashback then what we have paid when reach maturity like 70 years old?

Hi, does anyone know any life insurance plan that will give higher cashback then what we have paid when reach maturity like 70 years old?

Thanks lifebalance. Not to mentioned new sign-up, my concern is long time existing policy holder with same company. Company are expose to higher risk since customer may recovered from COVID but didn't declare to company.

For other health history/ claims, company will receive claim and records from policy holder. But for COVID, customer may recover before yearly renewal and not submit any claim at all since is cover by gov.

How agent handle this actually?

Thanks lifebalance. Not to mentioned new sign-up, my concern is long time existing policy holder with same company. Company are expose to higher risk since customer may recovered from COVID but didn't declare to company.

For other health history/ claims, company will receive claim and records from policy holder. But for COVID, customer may recover before yearly renewal and not submit any claim at all since is cover by gov.

How agent handle this actually?

any covid insurance?

All insurance companies and takaful operators under the Life Insurance Association of Malaysia (LIAM) and Malaysian Takaful Association (MTA) have confirmed that they will provide hospitalisation and treatment coverage for COVID-19 – but your policy may differ in terms of specific benefits, terms and conditions.

Here are the list of LIAM insurance and takaful operators providing COVID-19 coverage:

AIA Bhd
Allianz Life Insurance Malaysia Berhad
AmMetLife Insurance Berhad
AXA AFFIN Life Insurance Berhad
Etiqa Life Insurance Berhad
Gibraltar BSN Life Berhad
Great Eastern Life Assurance (Malaysia) Berhad
Hannover Rueck SE, Malaysian Branch
Hong Leong Assurance Berhad
Malaysian Life Reinsurance Group Berhad
Manulife Insurance Berhad
MCIS Insurance Berhad
Prudential Assurance Malaysia Berhad
Sun Life Malaysia Assurance Berhad
Tokio Marine Life Insurance Malaysia Bhd.
Zurich Life Insurance Malaysia Berhad

Benefits such as: (Depends on the company)
- Hospitalisation benefit of RM200 per day up to 30 days
- Death benefit
- Hospitalisation cash relief
- One time payoff upon diagnosis

Hi all, wanna ask, my insurance is GE SMARTPROTECT ESSENTIAL INSURANCE 2. Quarterly premium is about RM600. In this insurance my Lion Strategic Fund has about RM8,000.

Spoken to my agent that I can choose not to pay the premium as it will deduct from my fund 8K. Is it true it will not affect my coverage and what's the cons if I choose not to pay?

Another question is can this GREAT IDEAL LIVING  about RM800 yearly payment also can be pay up from my fund 8K?

Sorry Covid time am exploring option to keep more cash in hand. If my understanding is right this premium payment from my FUND can last me more than 1 year. Any advice? Thanks

Hi all, wanna ask, my insurance is GE SMARTPROTECT ESSENTIAL INSURANCE 2. Quarterly premium is about RM600. In this insurance my Lion Strategic Fund has about RM8,000.

Spoken to my agent that I can choose not to pay the premium as it will deduct from my fund 8K. Is it true it will not affect my coverage and what's the cons if I choose not to pay?
yes, it wont affect your coverage as insurance companies will use the account value to pay the insurance charges (for life insurance, policy fees, cost of insurance, and etc)

Another question is can this GREAT IDEAL LIVING  about RM800 yearly payment also can be pay up from my fund 8K?
the only way to do so is to withdraw the amount from your SPE2 fund and pay to GIL. in this case, i recommend to pay the GIL because traditional plan will have interest charged on premium due and the interest is 7% p.a.. so you can also do it this way whereby you pay the RM800 yearly premium to GIL, and withdraw from SPE2 fund whenever you need.

Sorry Covid time am exploring option to keep more cash in hand. If my understanding is right this premium payment from my FUND can last me more than 1 year. Any advice? Thanks
definitely can run for at least 1 year, no worries on that.

Hi all, wanna ask, my insurance is GE SMARTPROTECT ESSENTIAL INSURANCE 2. Quarterly premium is about RM600. In this insurance my Lion Strategic Fund has about RM8,000.

Spoken to my agent that I can choose not to pay the premium as it will deduct from my fund 8K. Is it true it will not affect my coverage and what's the cons if I choose not to pay?

Another question is can this GREAT IDEAL LIVING  about RM800 yearly payment also can be pay up from my fund 8K?

Sorry Covid time am exploring option to keep more cash in hand. If my understanding is right this premium payment from my FUND can last me more than 1 year. Any advice? Thanks