Since the TA had already being signed, I guess nothing can be changed if that person that stand to gain more does not agree,... Just willing seller n wiling buyer leading to signing of TA.
Can hv better negotiation power before signing the agreement.
Better hv that property management spell out their definition of "qualified person".....
Just my 2 cents b4 coffee

Prudential.
I have 8 policies worth more than 10k annual. (my previous agent was a sneaky guy).

Hi all, please advise whether should i upgrade my medical plan and sum assured or buy a new plan!

Do you know which are the riders?
Generally i would suggest to get a quote of top companies.
Why the range so big gap. 80% is insane.

Is it only one so far? if only one company increase, one would naturally that the affected company's investment portion is bad or companies had lots of claim made, creating unbalance sustainability.
Is it correct to think in that sense ? 

Bank Negara does look into these issues quite seriously. truth be told, the real reason of claim is purely just medical inflation. nothing that "serious" per se

If your teh tarik price increase from RM2.70 to RM3, then same goes to Medical Supplies also.

every year, there will be at least one company doing medical repricing. it's a cycle.

Is there anything you can do to avoid this? No, not really. just like you can't avoid the teh tarik price increased to RM3.

Is there anything customers can do to mitigate the effects? well, you sort-of can, buy medical plans with deductible or Co-insurance. In theory, those plans are cheaper. so even if increase 30% or 50%, it's still 30% and 50% of a smaller number. My own medical plan also increase price even though deductible 15,000.

You are going out of context of the main topic. It's not about the question of Deductible options. But rather to address options to reduce cost in the event of increase in Cost of Insurance.

What are the options available to you as a policy holder? you either:-
1. Pay the higher premium to maintain the similar benefit
2. Downgrade the plan if there is a lower plan to reduce the premium
3. Downgrade the plan by applying deductible / co-insurance.

Overall, you'll be paying more - one way or another. In other words, if you pick option 2 or 3, you'll be enjoying an inferior quality of your original plan by subjecting yourself to pay additional on top of what is supposedly covered entirely by the insurance company.

Let's take an example.

John pays RM200 monthly for his insurance with no deductible. Now, John is advised to pay RM360 monthly to maintain his benefits. John does not want to pay more and opt for deductible. Now John pays RM250 monthly but with a deductible of RM3,000.

Scenario 1. (Before the increment)
Surgery Cost RM100,000
John yearly premium RM2,400 (200 x 12)
John medical plan - RM0 deductible.

John's cost for that year RM2,400.

Scenario 2. (After the increment)
Nothing happens to John this year
John yearly premium RM3,000 (250 x 12)
John medical plan - RM3,000 deductible.

John's cost for that year RM3,000 (+25%) of the original 2400 premium.

Scenario 3. (After the increment)
Surgery Cost RM100,000
John yearly premium RM3,000 (250 x 12)
John medical plan - RM3,000 deductible.

John's cost for that year RM3,000 + RM3,000 = RM6,000 (+250%) of the original 2400 premium.

In other words, at any point of time, if there is no claims, you are already paying +25% higher premium. If there is a claim, your cost would shoot up to +250%

##################

Let's take the forummer's suggestion here to keep "increasing" the deductible higher as the cost increases to maintain the same or lower premium.

Scenario 1. (Before the increment)
Surgery Cost RM100,000
John yearly premium RM2,400 (200 x 12)
John medical plan - RM0 deductible.

John's cost for that year RM2,400.

Scenario 2. (After the incremenet)
Nothing happens to John this year
John yearly premium RM3,000 (250 x 12)
John medical plan - RM10,000 deductible.

John's cost for that year RM3,000 (+25%) of the original 2400 premium.

Scenario 3. (After the incremenet)
Surgery Cost RM100,000
John yearly premium RM3,000 (250 x 12)
John medical plan - RM10,000 deductible.

John's cost for that year RM3,000 + RM10,000 = RM13,000 (+541.67%) of the original 2400 premium.

In other words, at any point of time, if there is no claims, you are already paying +25% higher premium. If there is a claim, your cost would shoot up to +541.67%

Such info are not circulated to the public, I'm sure you are very aware of this as a fellow insurance agent.

I've also mention earlier that this will take place by end of March.

I don't think I need to "prove" myself that such info is real or false. Just wait and see.

Indeed, you're not my equal, you're just an insurance agent. Neither did I mention you are my equal in the first place. You should also learn what is work ethic when your workplace mention specifically what information can be shared internally and externally. If not, please go back and learn what is it by contacting your Director of Agency (DOA).
Seriously, I think you need to stop mis-leading people, an insurance agent is an insurance agent, there is no such thing as "Premier Advisor". Please show me the provision to call you a "Premier Advisor" that is available in LIAM or BNM. I'll gladly address you that in the future if you can show me. If you come up with excuses, that just means you're not a "Premier Advisor".


-Snippet from LIAM Code of Ethics and Conduct.
I'm not sure where did this sarcasm comes from, obviously not very professional of you to say such things when you're contributing your input and I commenting it with remarks but seems to me, you're unhappy about it and replied rather childishly.

If you can't take a debate as a neutral party to point out the good and bad on how the cost of insurance would impact. How are you going to advise your clients properly? - by saying "Oh I'm neutral, I look into their Customer Fact Find, I reply others by saying they are god, I am sorry to trespass them".

Nothing about winning or losing. If an information is wrong or mis-leading; just simply correct it and move on and don't repeat the same mistake. That's how everyone can learn to be better in this career.

What's the general consensus on how much CI coverage one needs?

3-6 years of your monthly income?
3-6 years of your monthly expenses?
others?

I've did a research on the funds net returns after fees based on its fact sheet, few of its top funds seems like it showing average  5 -10% Returns. in the past few years. However, when comparing with their benchmarks it seems to be way underperform

A side question: If I have a pre-existing illness (Internal fixation at radius and ulna from 2018), will the new insurance cover this removal? If no, am I able to approach back to that insurance company from 2018 to continue back their insurance policy?

Best plan is only best in the policy until the insured make a claim.

1) how can we say how much is enough? the same insurance plan for 1m is at 580 a month for 20 years. at 400 additional, i thought it was worth it.
2) i have looked at other plans online, but its not giving me a proper breakdown of the charges/compensations hence why i was seeking feedback from people who has purchased life insurance recently.

My child is 10yo now, what are the pros and cons for getting a education saving plan now?

I cannot decide. thanks

Hi, I have some questions about nominee/beneficiary and will for AIA insurance.

1. Can I appoint nominee or beneficiary for my AIA insurance in MyAIA portal?

2. What is the formula to calculate how much the appointed nominee or beneficiary will get when I passed away?

3, Who will get the insurance proceed when the stated name in the will for the same policy number is different with the appointed nominee or beneficiary?

4. When trustee (policyholder's wife) is selected, will this trustee receive the insurance proceed, just like nominee/beneficiary, when the policyholder passed away?

I am looking for medical card only without any ILP.. Requirements
1. Unlimited lifetime limit
2. Annual limit of RM500k-RM1m
3. Able to cover cost of single room i.e RM250-300
4. Able to buy online without any agent

I am open to AIA, Allianz, AXA, etiqa.

Cause I don't need agent for hospitalisation as everything is fill up by hospital. Also why should I fatten insurance agent pocket and give them free holiday?

Hi sifus,

recently I bought a new car, expected delivery on 2nd week of December

my current car insurance n road tax expired on 6 of December
and my SA suggest to me to let my current car insurance expired as it will be much easier to transfer the NCD to the new car later. somemore the the car will arrive around one week after my current car insurance expired.

but im quite worried incase something happen in between these 1week.

my question is, can I renew my current car insurance now for a new 0 % NCD and reserved my current 55% NCD for my next car which not yet registered?

or should i just renew now and then withdraw the NCD after i received the new car?

End buyer is the losing person.

I doubted that could happens. He believes he knows more than IFP and thus why should he fatten IFP pocket and give them free holiday?