Investment linked policies do provide coverage up to the age of 100. However, you have the flexibility to decide when to terminate the life policy if you deem it's no longer beneficial for you.

As for term insurance, they are renewable yearly, if you forget to make payment for it, it'll be terminated. Yes, the premium payable will be incremental as you grow older every year.

Sorry, there is really no such thing as "much better" product, the plan should be customized to your current/future need.

I normally consult and understand my clients first before any proposal is made.

This post has been edited by lifebalance: Mar 27 2021, 11:08 PM

So far if you want to apply for just life insurance (non-medical underwriting required), there are plenty available.

However, your wife will not be eligible for any medical insurance / benefits.

This post has been edited by lifebalance: Mar 30 2021, 10:56 PM

You mentioned earlier it was rejected by AIA / AZ, what's the reason given?

Age of your wife?

How severe is the condition?

There is no different fees charged in the different payment mode.

Hmm such old plan, can't find any details on it. Best to refer to your policy or contact the customer service hotline for the detail

Can you be more specific on this "male-related cancers" that you mentioned is excluded ?

You mean those by investment linked plans or standalone ?

1. The % shown is the loading (additional premium payable) by the benefits category + excluding the pre-existing illness
2. Subject to the underwriter's discretion to undertake your application.
3. As long as it's not under the exclusion clause

If you wish to claim with your insurance, it must result as an admission / outpatient.

You can't claim from your medical insurance if:
Hospitalization primarily for investigatory purposes, diagnosis, X-ray examination, general physical or medical examinations, not incidental to treatment or diagnosis of a covered Disability or any treatment which is not Medically Necessary and any preventive treatments, preventive medicines or examinations carried out by a Physician, vitamins/food supplements and treatments specifically for weight reduction or gain.

good luck

There are few types of critical illness plans
Ranging from 180 types of CI, multi CI, to accelerated and non accelerated depending on how comprehensive you want and also how much you're willing to fork out in premium.

As for PA there is also a few types 😅

Perhaps you'd like to get a consultation to see what you should get and what is within your affordability?

Most of the insurance companies will pay provided @ "hospitalisation" means government/public hospitals, private hospitals in Malaysia or quarantine/treatment centres approved by government of Malaysia for COVID-19 positive patients.

However some companies may include this clause : follow the quarantine instruction from MOH to receive treatment and self-quarantine at home (“Home Quarantine”).



This post has been edited by lifebalance: Apr 8 2021, 09:41 AM

Can



Non guaranteed as per the photo attached.

What alternatives are you referring to ? be a little specific.

Follow the PayWave guideline which is any amount below RM250 can be transacted.

The purpose of a sustainability period is to ensure that whatever the premium that you're paying for the insurance will sustain until the particular term of coverage.

Based on the average Malaysian lifespan, it's about 76 years old so it's recommended to insure until that age otherwise if you're having plan to pay out for your next of kin at that point of time but your policy had already expired, then it's too bad your insurance policy will not have any payout. From the medical point of view, you'd want to make sure you are covered until that age as well to pay off any medical cost as the older you get, the more health problem you'll encounter and you'd not want to break your bank account which is mostly your retirement money.

With a lower sustainability, you'll have a cheaper policy but don't think that's a great thing because if you choose to top up later at that point of time, you may be required to pay a much more higher premium than if you had started a policy with a longer sustainability and paying a slightly higher premium due to the snowball factor.

You can't cheat the insurance system and there is no shortcut behind them, all of it is already pre-calculated by the actuarial.

This post has been edited by lifebalance: Apr 13 2021, 01:27 AM

The doctor will not pass you the report, they'll directly send it to the insurance company once you've conducted the test.

From the sound of it, your story is incomplete, it's not possible for the doctor to cancel your insurance application nor refuse to pass your report to the insurance company after conducting the checks required by the insurance company.

However, if what you said is true, you may file a complaint to the insurance company that you've applied with on the incident you've mentioned as these clinics / hospital are appointed as the panel to the insurance company.

Not true and incorrect.


Not true and incorrect.

Good evening,

If you're planning to contribute extra every monthly, you would need to get your agent to fill up a form for the top up.



Normal top-up are not entitled for tax deduction, you will have to add-on/upgrade the existing benefits within the policy to make up the difference.

If you wish to utilized more on your medical 3k portion for tax deduction, you may consider to add-on more on the critical illness or medical card benefit.

That being said, sometimes it's not necessary / worthwhile to spend the extra RM600 yearly to upgrade if it's not necessary or if you have enough insurance already.

Essentially you may be spending RM600 unnecessary for 1% - 25% worth of tax (RM6 - RM150) equivalent of savings. (Depending on your tax bracket)

This post has been edited by lifebalance: Apr 16 2021, 12:28 AM