Actually why insurance companies use "agent" or "agency" way to do their business?

how to make review? this insurance once enroll need continue pay every year, half way pull out even bigger lost. I also have education insurance fund and almost same case with johnc3, at lost now, 3 years to mutual. hopefully can get break even

Hi all, is there any insurance company have similar program like AIA vitality?

Hi,

Recently I just signed up for the vitality program, found out it is a quiet good program because I not really need to do any extra as my lifestyle already already fit the requirements and I think just few months more I can achieve platinum level and get the extra benefits coverage without paying extra.

I'm asking this because I plan to make some adjustment on my policy coverage see whether should I top up or go for other policy.

I'm thinking to increase my CI coverage to 200k and if budget allow maybe life/PA as well, any advice on it? I'm eyeing on beyond critical care as well, as it able to enjoy the vitality extra benefit but not sure how much is the premium for it.

Current paying 300/month, try to control within 350

Yes, ur right. I'm going to married soon so I would like to make some adjustments on it.
Life I think will maintain 100k first until I have children then will review back financial status see whether to increase or anot. As currently I think my asset able to cover it in case anything happen.

I will focus on increase CI 200K first.

I plan to remove hospital income as you said because in case anything happens I can claim MC or hospitalisation leave up to 60days.

I plan to add PA 200k, not sure 30/month able to make it or not?
a-life beyond critical care look good but the annual premium if I'm not mistaken is around 3k+ for my age 32

Btw my current CI plan is cover 36types is that sufficient because I saw a-life beyond critical care cover 76types

Keep in mind for everything you add  to your ILP, the less sustainable the current premium going to be. I.e you need to topup somewhere in the future or you need to increase the amount of premium you pay. Something to keep in mind.

What you guys think sbout Allianz HealthInsured? It seem less people talking about Allianz here.

Any 'reliable' Allianz agent in Penang?

Ok if any1 can tell which insurance support this. Will check as well. For now not thinking to change company nor in next few years..

Hi, need advice here.

So my dad have been diagnosed with Wolff-Parkinson-White Syndrome, a genetic heart disease that required minor surgery in the heart. He has attended check up in public hospital and they're scheduling an operation for him.

However, the public hospital is asking us to purchase medical devices. As the public hospital cannot include the medical device fees in their bill, which is RM15k, there is no way we can claim the insurance if we do the operation in public hospital.

I wonder if the above statement is true? We could transfer him to private hospital to claim the insurance, but I feel it's quite a hassle as we already been follow up in public hospital. The treatment in private hospital will cost around 50k-80k, and his insurance limit is only 225k.

Thanks in advance!

Hi last question here, if change/upgrade current insurance plan to another plan but with same company. Do you need to start everything all over again like go take blood test, 100 days cannot make claims with new plan etc etc?

The cooling period is in the event one gets diagnosed with stuff like diabetes, high blood pressure etc the insurance will not cover you.

If simple stuff like food poisoning, fever still cover.

But to be safe to ensure that the insurance company don't reject you, to use the insurance after the contestability period (1-2y). By then insurance usually will approve everything (depending 9n what the doctor writes)

Thanks for sharing. Do you know what is the maximum age limit for these policies? The new ILPs currently is at 100 years old. The old policies my parents got was only up to 70, that's why we ran into the problems i mentioned. So far my father's lapsed first as he's past 70, we hunted around for a new standalone and only manage to get extra 10 years, premium rm5k per year, and only covers annual rm50k. It's from prudential, very expensive in my opinion. My mother's will lapse in 3 years time and we will have to start hunting again....

my mom's one is ilp but only 3 years to go. Cannot be extended that's why need to search for standalone one.

my father's one deductible is 2k that's why cheaper premium 5k. But the issue is the annual coverage is so little around 50k, if really got serious illness the amount is not enough. Mind if you share what's the annual limit you got for you mom?

https://howtofinancemoney.com/best-medical-card-malaysia

I was reading this and realised that insurance companies have increased annual limits to RM2-3m compared to around RM1m few years ago when i was looking to buy medical insurance. Is this because they expect RM1m annual coverage wont be enough in the next 30 years? Then in the next 5-10 years the "normal" annual limit offered by medical insurance will be RM4-5m? How to know what would be the ideal insurance limit in 30 years from now?
Do deductible medical insurance and non-deductible medical insurance share the same pool? I would imagine the claims % for deductible pool would be lower hence the lower premiums - which does make deductible option more attractive to someone like me.

The thing i scared about non ILP medical cards are that since they are renewed yearly and dont have guarantee renewal is that if suddenly 1 year kena something bad, then they dont want to renew for the following year? Or they will allow to renew with huge loadings or a lot of exclusions?

I also thinking getting those 10 year term life and term CI, then maybe ILP medical card due to the concerns above.

Can anyone help understand this insurance lingo if this plan is level term and no increase with age? As i understand under C(4) it should be. Thanks
https://www.fwd.com.my/direct/FAQ.-oonA.pdf

Thanks for the correction. I totally forgot about that column. Surprising they did not publish commission for standalone. But if were we to compare apple to apples (total distribution cost), ILP distribution cost > standalone.

Why not go via standalone cards and standalone critical insurance that provide early CI? I am going via this route though.

i think the main obstacle is having seeing the "amount" of commission being paid to the agent as per what the Spore bloggers posted as mentioned in his post 3019. also he may have this in mind, Why pay agent for their holidays abroad?

i also don't really care how much the premium can be saved NOW,...as the premium can be adjusted upward again and in frequencies that can be so frequent and so large a quantum

Hey guys, wanted to get a second opinion on Hong Leong Assurance (HLA) MediShield III medical card.

A bit context about myself, I’m currently working in Malaysia but will be going back to work in Singapore next year, so I needed a medical card which could cover my stay in both Malaysia and Singapore. I’m currently using AIA medical card which from my understanding is covering hospitalisation in both country.

An agent is recommending HLA MediShield card and said that this card could be used for hospitalisation in Singapore. After reading the product fact sheet, it seems to be cover some specific procedure in Singapore such as surgery related to cancer but it doesn’t seems to mention in the policy it would cover other hospitalisation charges in Singapore.

When checking with the agent, he was pretty sure it has similar coverage just like the AIA medical card, anyone is familiar with this topic?

Personally I’m quite interested in the deductible HLA offered and the cheaper premium it has but definitely not worth it if it won’t cover my hospital bill in Singapore

definitely no, i am considering increasing to 50k-100k depending on the options i have. should i consider maintaining the current policy and contact GE to increase the sum assured? or if the benefits is not up to date based on latest standards, should i cancel it and go for a new policy?

For insurance, if we fully withdraw the cash bonus or surviving benefit, will the policies being terminated. Any other impacts  if we perform withdrawal if policy still in force?