I just think selling an insurance policy under the guise of an investment product is the crux of the issue from what you described.

sadly the product sell by bank on behalf for insurance compay all are as investment product
cuz banker need to hit high sales target which is impossible to achieve by selling medical card alone

end up agent is actually more ethical

maybe this has mentioned before somewhere in this thread, but I guess won't hurt to ask again 

basically, AIA has sent revision letter recently, and you'd guessed it, it's about price hike. they're giving reason along the line of "rising medical costs", and not the first time this has happened (precisely this will be the 2nd time).

back in 2024, my insurance premium rose from 3k/annum to 3.6k. aight fine. then very shortly after, BNM released interim measures to curb premium adjustments till 2026 (I don't have full knowledge of what was outlined in the list of measures taken)

this month AIA sent this revision letter about another readjustment, stating that for the 26-27 premium payable will be increased by ~6% to >3.8k/annum. then further forecasting that in 27-28, it'll be >4.1k (7.5% hike relative to the previous year), 28-29 it'll be >4.4k (another 7% hike relative to the previous year).

it's even worse for older age people like my parent (>60yo, also using AIA), the relative hike is >10% for 2027 and 2028, and on 2028 onwards the premium hikes to >10k/annum, compared to 6k/annum in 2023 (2024 hiked to 7.5k). it would grow to almost 70% hike for 2028.

though, there's a statement mentioning "please note that the premiums payable from policy anniversary in 2027 and 2028 are indicative and not guaranteed and may be subject to change"

the vague question that I wanna ask, is this really normal? the hike is way too high and I don't think it's actually following the inflation rate (ofc I don't think, but reality may be different)
has anyone also received similar revision letter around this year, in a format where they forecast the premium hike for the next few years?

more info: this is about A-Plus Health, part of A-LifeLink 2 life insurance.

Everybody also got KPI to hit, mouths to feed at home.

Banks do make it very convenient as a one-stop center for deposits, loans, investments, etc.
Which is good.

Just like how you buy a new car from your local dealer, which most probably is also a 4S center where you go for your regular services, paint & body workshop as well.
Yet it doesn't stop you from going to your local workshops either for other lubcricants, oils, whatever it may be, from brands that you just prefer or trust.

So it's not a matter of who is more ethical.
There are one stop centers that can cater for a full range of services, there are also boutique shops with competitive services, and also specialty shops.

There is also no stopping any of them from engaging each other for fulfillment.

trust me those bank staff are not train to help client to process claim
in fact majority of them will just ask client to call the insurance company themselves 

Well, to be fair, they are only selling products on behalf of the insurer.
Just like how telco providers are now selling phones on behalf of the device companies.
Any and all defects and/or warranty claims should rightly be directed back to the device companies.

With that said, again, every classroom you will get the top scorers as well as the ones who may need a bit more help.

There will be good apples and bad apples everywhere lah.
Itu biasa kan?

Im talking about the majority here

Majority bank staff don't know a single thing at all regarding insurance claim
They can't even handle simple medical card claim

Then... maybe choose to buy from Life Planners?

those who bought from bank actually not planning to buy from the start
they just walk into bank and wanna put fd but got sweet talked by bank staff who presentation focus more on return & investment

then when client want to withdraw only realised they bought insurance or realise the money they can get back is far less from what they have deposited

especially the chinese bank 

......

Anybody can elaborate what kind of scheme is this?

Checking in with Malaysians who have experience upgrading their insurance package after the age of 40.

How much do you pay for your monthly insurance premium now? and did you choose the flat month rate until age 99 option?

I've recently been given 2 quotations from 2 different brands, both also have significant increase in amount for coverage up to age 99. Significant increase when i compare to my current premium which i bought 15 years ago and i'm still paying the same price until today.

Appreciate some insights, thanks!

Checking in with Malaysians who have experience upgrading their insurance package after the age of 40.

How much do you pay for your monthly insurance premium now? and did you choose the flat month rate until age 99 option?

I've recently been given 2 quotations from 2 different brands, both also have significant increase in amount for coverage up to age 99. Significant increase when i compare to my current premium which i bought 15 years ago and i'm still paying the same price until today.

Appreciate some insights, thanks!

I feel getting medical insurance till 100 is quite useless, so much will change in the regulatory landscape, and the insurance charges increase exponentially beyond the age 80. Just get the premiums to be level to 80 years old, then a separate step up premkum from 80 to 100 should you need it in the future. The excess money can be put to much better use elsewhere in the mean time.