You seemed to be well informed on the fintech. How would deartime prove b40 status? LOL...

Gathercare... let's no go there. Crowdsharing does not sound legal.

https://soyacincau.com/2023/06/14/prudentia...-data-affected/

Just fyi to those who may be affected.

This post has been edited by adele123: Jun 15 2023, 10:24 PM

I am not feeling paranoid or anything, myself and spouse am customer. I also told my sister nothing can be done. Maybe like you say change password or something

But the prudential statement issued by them, did say very likely personal data is affected. Luckily credit cards only partial lo.

i only know of Maybank and with MAE app with that feature. old maybank app also dont have. other banks at most let you see the "unposted" transaction in their app. but that is provided you check daily which is not practical for most people.

but as long as you use credit card, should be quite safe. prudential say only at most, partial credit card info kena hack.

so at least got encryption or hashing or whatever the IT terminology is.

Not applicable to all. There are many versions of ci but broadly there is 2 type, the kind where the life will reduce (technical jargon is "accelerated"), another kind where it wont reduce, ie it is additional coverage on top of the life coverage.

Kinda obvious which one will cost more.

This post has been edited by adele123: Jun 24 2023, 01:53 PM

Is this for medical protection or normal life insurance?

If you want to buy medical plan, still advisable to buy with IL. I give you analogy la...

I open a chicken rice shop. My customer come and buy chicken drumstick only. Do i sell? Nope. But i can sell chicken breast only, cheaper, drier meat.

If my customer come and buy chicken drumstick WITH rice i will sell.

Put this analogy where the chicken rice shop with the insurance company. The standalone medical plan do exist but usually the benefits are slightly less superior aka the chicken breast.

The medical plan that comes with the IL plan is the chicken drumstick. You want better benefits, you can get but also pay more.

While this is not always true but good enough to give you some idea.

Btw, Some companies dont even sell standalone medical.

This post has been edited by adele123: Jun 26 2023, 10:01 PM

If got such plan, insurance company bankrupt liao.

There is really no free lunch in this world.

You know how to calculate, the insurance company also know how to calculate...

This is chatgpt answer when i ask what is insurance. 1st paragraph.



Insurance agents are humans. And as in humans, they are good apples and bad apples. Not all are good, not all are bad. But the way you ask question is no head and no tail. And you also expecting "free lunch"

Also you didnt get your facts right. It is 3k life insurance and 3k health insurance.

This post has been edited by adele123: Jul 4 2023, 09:23 PM

It will be more helpful if you post the Clause on that Non forfeiture option. Specifically on the reduced paid up option.

If it's there, you can exercise it. Edit: subject to the t&c written there la. Which is why ask you to share, can discuss together.

Your sales person not well trained on this RPU thing. It is not commonly done but the RPU feature is kinda common itself. My policy has it too but it's a protection plan, not savings.

I think there is no need to continue on. There is really nothing to be achieved. Maybe aside from the satisfaction on calling names and what not.

This post has been edited by adele123: Jul 6 2023, 10:31 AM

Hi. Your agent may not be very well trained.

So i read the RPU clause. It's pretty standard. So as someone has explained and also as stated in the clause, RPU is subject to availibility of surrender value. 1st year surrender value tend to be low or zero for longer payment product.

Since your is pay 5 years and cover 20 years, you should have cash value at the end of year 1. Whether it is 6% or not i dunno. When you bought this, you would have received a quotation, it would have stated your surrender value inside. The 6.5% quoted by your agent sounded more like the cash payment due end of 1st year instead of the cash value.

I think this has gone beyond acceptable discussion on the insurance topic. Please stop unnecessary discussion on who likes to report or otherwise.

Arguments should be fact based please

Summoning cherroy

It is rather vague usually when you do comparison without full picture. I would advice getting another quote from another company. Preferably from a bigger company like aia, ge, pru.

Reason: Recently my friend came to me for advice, she wanted to upgrade. I told her to upgrade within the same plan, but her agent told her cannot have newer medical plan. Her policy was with a lesser known company.

Ended up, cheaper to buy a new plan from another company, and she bought from one of the bigger 3. Mainly due to an ex schoolmate became an agent recently.

I know it is not advantageous for my friend to surrender her old policy and buy new, but she could not upgrade the newest medical plan to her current policy, which results in this situation.

Now she would have had paid commission twice, once on the old policy, another time this year since she bought another one.

Whereas my brother who had his plan for more than 15 years, still can have the chance to upgrade to the newer medical plan. Provided he is healthy. Which he is. And he bought with one of the 3.

This post has been edited by adele123: Jul 14 2023, 01:52 PM

There ARE many options. There are many insurance and takaful companies who want your money.

Even if you read it on ringgitplus, which i did a quick check, i think all of them are medical insurance that you need to buy through agent. Not something can buy online.

I think most important is the agent gives good advice on what plan to buy. Of course as a consumer, we should also at least reach out to at least 2 to 3 companies to compare and understand the differences.

With insurance, there are many things to customise. Of course i think sure got someone pm you, like can start at RM xxx but i think it's good to understand what you are getting into.

Sorry i didnt answer your questions, let the sales ppl offer you the starting number first.

I personally have policy with the top 3 and also HL. I myself can't feel what is the difference. Online portal ok. I don't use their app, never tried.

I have AIA because of coverage from my employer. I just download their app for the vitality. And easier to upload my claims. For specialist and health check kind of places.

The price is really high as you get older. But I think at this point in time it's difficult to predict how much it will cost too far down the road with medical inflation in the picture. For context my mum's is 7k per year at age 70. I think when I'm 70 not sure how much this will cost.

I recently recommended a friend to get rm1000 deductible for her mother age 60 helps to reduce the cost abit. So when you ask people to give you quote, can compare standalone and ILP medical packaged with lower life coverage and maybe some CI coverage. The only caution I have on taking standalone is that you cannot buy ci coverage.

But nowadays there are companies offering some CI coverage sold online but not as many choices or the coverage is very basic la.

I personally have 450k ci coverage from 2 companies. Scared I get critical illness. Got some $ if cannot work.

i have been buying etiqa for the last 5 years. I did a quick check just now, i notice many companies dont have fire insurance or rather home insurance on their website. (i dont work for etiqa, i just happen to buy car insurance from them and fire insurance also)

Aside from etiqa, you can consider Tune or AIA (in TnG ewallet).

I will be honest, i chose etiqa out of convenience. When we started buying due to forced by bank, we buy from etiqa because they accept amex, so i use amex and pay during weekend. Given then it was tariff, which means, every company charged the same price, felt like we just wanted some conpany with decent online platform...

But i just did a quick comparison like 5minutes ago, i am also staying in double storey landed, i put in 500k for etiqa and tune, i saw the yearly premium is 415 vs 290 (tune is the cheaper)... i might need to sit down and compare if it's time to switch... feels like there is a catch that i'm not seeing.

The thought process i had for this is
1) cover content or not? - i chose not to cover
2) cover flood or not? - i think by default etiqa covers... but aia let's you choose

Not an expert... just sharing own experience. I focus on the big damage. We feel household content dont need to insure.

yes. ALMR is discontinued. they have a replacement called medi flex, the one which the product name you shared earlier.

slight correction, both prudential do not have standalone medical plan.

miscommunication or misrepresentation?

but maybe they tune the life protection super low. but still not zero.

any comparison too far down the line is meaningless. especially say if you are age 30 looking at the total cost up to age 100. because insurance companies are repricing it every 3 years... those numbers are syok sendiri only.

most importantly is buy from through a trusted agent who will serve you well, make sure you pay your premium on time, and choose something with higher deductible or co-insurance if you want good long term value.

higher deductible --> 1k at least

co-insurance -->10% 20%? the AIA plan is 20% capped at 3k. still ok... this means, any hospital bill above 15k, you also pay 3k. less than 15k, you pay 20% of whatever the bill is.

Can ask agent to quote longer, age 80 or 100. Just that the price become not so pocket friendly.

Past 70, price can be expensive. Too expensive then customer ask why expensive. Anyway, the premium agent quote is just an estimation from the insurance company. ramjade is right, you need to top up somewhere down the road. Not a matter of if, just when.

This is good news indeed though. but feels something not quite right. My yearly premium statement from HLA is not like GE where they will put life/medical. Just abit worried about relying on imoney for reference though.

This post has been edited by adele123: Jul 18 2023, 12:57 PM

I will be abit real on a few things. In principle, overseas hospitalisation sounds good but unless you get the rarest of rarest disease, seeking medical treatment overseas is not a fun experience.

Being away from home, away from most family member, away from familiar food etc. The good thing malaysia medical facilities is really not bad for the price point. Look, our fellow indonesians friends do frequent malaysia for treatment.

The thing about ILP is like a all-in-one plan (i use nasi lemak as analogy for today). When you eat nasi lemak you want the basic, rice, cucumber, sambal, ikan bilis, maybe1/4 egg. For the ILP you can add on egg, chicken rendang, squid if you feel like it. But everything you add on there is price tagged to it.

Standalone is standalone. Some maybe got some add-on, but usually very limited.

Other explanation on the add-ons (the eggs, chicken rendang or the squid) where i would like to give another point of view but Ramjade criticised the premium waiver rider.

------LONG EXPLANATION-------
Premium Waiver Rider (disclaimer, i didnt buy this on my own policy, some strongly believe in it, i'm half half, leaning towards saving some money and not paying for it)

Let me explain how it works. In the event of CI or TPD, the insurance company will help you pay the premium on. so example your premium is RM3,000, then they help you pay RM3,000

So let's say you bought an ILP plan, RM3,000 is the premium, then touch wood, one day kena CI, then the company pay the RM3,000 premium on behalf of you.

what's the catch?
1) you get charged some charges when you add on this benefit. just like you tambah telur for your basic nasi lemak.
2) the premium waiver does not mean you dont need to pay a single cent. now this part where most agent can't explain

in many post before, there's some explanation by different poster that actually while the premium you pay for the ILP is level, you will expect it to increase when the company increase their rates (not because you got older, because the claims experience deteriorate). now go back to this RM3,000 example... so every month the insurance company will still charge you what they call insurance charge, regardless of whether the person is paying his premium or he kena CI / TPD where the company is paying on behalf.

when the insurance company increase the rates for medical plan, what they mean is they increase the insurance charge. so when your RM3,000 premium is not enough to cover these charges, you will need to increase your premium. SO, even if there's one person who kena CI or TPD and wants to continue with the medical plan, that person actually need to pay an increased premium. say example the final premium is RM3,600 per year instead of RM3,000 per year, what happens is that person need to pay RM600 on his own, the RM3,000 will still be paid by the company.

Then you will be like.... "WAH insurance company cheat me...told me dont need to pay, now i need to pay". before you go there... when you bought the insurance, what you buy is the company pay RM3,000 on your behalf, NOT RM3,600. so they pay you according to what they charge you also.

so is the premium waiver still important? some view it as yes... at least you dont have to pay that RM3,000.

BUT they only pay if i kena late stage CI or TPD, when i'm like "one leg into the coffin". is it valuable? Let me explain who this is for... the idea of a premium waiver is that if you are sick or TPD, you dont need to pay premium on your own as you may be unable to work or bear the financial burden. but if you are NOT that sick, that also means eventually you will be able to work again, earn a living and continue to pay premium.

so there's a reason why most company premium waiver covers late stage CI and not early stage CI. anyway, everything has a price, even if another company say, "OK, we cover for early stage CI", that just means consumer pay more

higher probability of happening means higher chance insurance company need to pay a claim means it's more expensive.

insurance company not a charity...

Jargon: Late Stage CI means more serious CI condition, this is the simpler coverage. Early Stage CI means not as serious but still serious, usually insurance companies now have the option to attach Early CI coverage but not for their premium waiver, just if you want a lumpsum pay out upon this early stage CI.

---EXPLANATION OVER-----

This post has been edited by adele123: Jul 19 2023, 03:12 PM

My example is after kena tpd ci and has claim from the premium waiver.

If you havent claim, it will depend on the company practice. If me, i will help customer auto increase. Dunno about yours.