I thought medical card has covered all the fees like hospitalisation and surgery?

Hi guys,

Currently holding a SmartProtect Essential with SmartMedic Xtra plan with Great Eastern since 2012. Thinking to spend some time to review the insurance plan that I bought because normally I just follow what insurance agent suggested.
Currently is 32 years old, working low risk job, non-smoker. Want to ask a few questions hope sifus here can clear my doubts:

1. If my company provide a company medical card with 80k annual limit, is that okay to sign up for deductible plan with deductible 80k for example? I assume I can change plan in the future to non-deductible plan without issue right (For example when I retired)?
2. Just wondering is there a way we can 'DIY' to compare the plans offered by different companies, or we straight talk to agent and ask for quotation then compare?
3. Personally prefer Prudential or AIA over Great Eastern. Just wondering is that still worth to switch since I already holding a policy with Great Eastern? I assume the benefits, premium, and claiming process should be almost the same across these three companies right?
4. What is the recommended R&B, I assume RM150 will be too low and RM200 onwards should be acceptable right?
Thanks a lot!

can insurance be used to buy funeral services? Estimated RM50k total.

How fast does the beneficiary get the payout once someone is dead

Do note that Covid has 5 category: 1-5 (1 is mild 5 is very severe that on ventilator.) We need the AiA agent Rajan CFP to clarify which category is cover and which is not cover.

As I heard 1 & 2 admission to private hospitals is non-coverable.

Hi, currently my wife is having second baby. Want to ask what is the best value insurance to buy for the baby?

Nowadays baby insurance are quite common and package may not differ much in my opinion.
Maybe you can get quotation and compare with few insurer first ?
Prudential & GE have it , but im not sure about AIA & Alianz.

thanks guys for the quick replies...the purpose i'm asking on the average is.. like if someone else is paying same amount of rm350/month, same age but gets better coverage for each life insurance, critical illness, medical etc...

I am with Prudential investment-linked policy. Been with for a few years now.

If I want to change it to non-ILP , what prices I need to pay?

Do i need to start over and pay commissions all over again? I am almost done with paying commissions past the 6 years

I have a protection plan from AIA (A-Life Signature Beyond), it cost me 1.3k per month, already paid for around 2.5 years.
Recently i review my financial status and i realize the cost of this plan was build up from A-Life Signature Beyond-RM555 + A-Plus CriticalReset-RM759 per month.
The initial motive i bought this plan was for the 500k protection (A-Life Signature Beyond) for my family, i do aware i have the reset plan, but i didn't aware that it cost more than my main protection.
So it came to my mind to cancel this plan (i dun mind the sunken cost) and go for pure protection, because 9k per year just for reset is too much imo.
But on 2nd though, i already paid for the 2 years 50% premium, if i continue to pay what im paying now, but withdraw 9k from my account every year, will the the reset plan still sustain? Is this approach possible instead of cancelling it?

remove/terminate the rider, mean the plan can be maintain but just remove the critical reset? no need to cancel and rebuy new plan starting from year 1 again?

Through the provided linked i found my plan
https://www.aia.com.my/content/dam/my/en/do...ct-brochure.pdf
So my main plan doesn't cover critical illness... If that's the case im fine to maintain my CriticalReset plan...
Thanks   

Just out of curiosity, im non-smoker, never admitted to hospital b4, bought my plan at 30 age
the example cost in the brochure is way cheaper than mine (30 y/o 15.8k vs 40 y/o 9k), what cause the huge different here? Because my plan cover to 80 y/o?

is there a differences in premium term that I need to pay for those 2 type?
afaik investment link premium term should be shorter right like 10-20y and the investment acc will cover up after that?
but not so sure about the non investment linked, do I need to keep paying the premium for the whole policy tenure?

and also is there increasement in premium for both product or only one type will increase every 5-10y?

in your opinion which product much better actually.
(yeah I need only life insurance coverage/income replacement etc, not much on investment but if the investment acc can sustain on its own after I retire and I don't have to pay anymore, that would be good also.)

I'm thinking the same too. But instead of buying term life, I have an old life policy that's still active... which I can request my agent to increase the insurance coverage up to rm500k... currently just 200k..

A lot of life insurance policies don't allow you to buy if you're past 45 years old... amazing

Hello All, I have an old medical card policy with ING and later acquired by AIA. The annual limit is 100k and lifetime limit is 300k, which is very outdated as most of the policy nowadays is with unlimited limited (told by the agent)

Still considering the change within AIA or other insurance company, but may I know the switch over is usually to
1. terminate the old policy, and subscribe with the new policy and waiting period (120 days) applies.
OR
2. is there any possible way to switch over to new policy without any waiting period?

Looking for term life insurance, coverage 500k.

Came across PB WealthElite 3, hence did some comparison among other players such as Axa/ AIA/ FWD / Takaful & FI

Traditionally TL has no  value in term of return but as compare to PB WE3, it states as below

Reap the rewards of your plan with 100% of your account value at maturity.
You will receive an additional 20% of your account value as a Longevity Bonus

Would want to see feedback from those who have sign up for this product and understand whether it's worth the $ spend

Welcome feedback and suggestion

Thanks

I recently purchased AIA insurance (Life+medical). I didn't receive a medical card. Insurance agents told me it's incorporated in my identification card. Just want to verify is this true?

Hi sifus,

I bought ILP insurance with AIA for my wife (1986) bout 6 years ago with premium of RM2,804 per annum. The details is as follows:-

                                        Coverage                  Start  End            Premium
A-LifeLink                        RM52,500.00   
ALL1 A-LifeLink                RM52,500.00          21-Jul-15 21-Jul-87 RM1,400.00 
ADC1 A-Plus DisabilityCare RM52,500.00          21-Jul-15 21-Jul-57 0
ACL1 A-Plus CriticalCare RM26,250.00          21-Jul-15 21-Jul-87 0
APM1 A-Plus Med        RM1,110,000.00  21-Jul-15 21-Jul-87 0
APB1 A-Plus MedBooster RM1,110,000.00  21-Jul-15 21-Jul-87 0
APS1 A-Plus Saver        RM0.00                  21-Jul-15 21-Jul-87 RM1,404.00 

Fund Value as of now is RM4219.79.

Now, i am trying to cut down the premium, and i wonder what option do i have.

Actually i only need the medical card for her coz she not working, can i just change it to pure medical card? Any disadvantage of this? What happen to the fund value then?

Can i remove the life insurance, disability care and critical care? Probably can save few hundred here i believe?

The premium of RM1400 for "A-LifeLink" is the insurance part? and the RM1404 is for investment? is this correct? If so, can i discard the investment part and only pay for the insurance part?
For myself (1986), i have AIA Mediplus card since 2006, so the benefit is not that good. Coverage as below:

Medical Limit/Year Your Lifetime Limit Premium         
RM110,000.00            RM330,000.00  RM1,238.00     
Room and board RM180, deductible RM50

Can i change to the current latest medical card? What are the cons that i need to be aware of?
For both of the above, i want to avoid having to sign up with new plan and thus need to pay the commission all over again.

Thank you.

Thank you sir for your response.

To recap my current medical card benefit as below:

Annual limit = 110k
Liftime Limit = 330k
Premium = 1238
Room and board = 180

I checked at AXA. Compare to a quotation i got from AXA online below:

Annual Limit = 1.5mil
Lifetime limit = No limit
Premium = 1000
Room and board = 350

The difference is so huge, AXA benefit is so much better and cheaper too.

My problem, since my medical card started in 2006, is there any "practical benefit" to keep this AIA policy to avoid issue with new policy like no coverage for pre-existing illnesses etc ?

Or is there an option with AIA to upgrade my existing policy (keeping the year 2006) rather than to terminate and then sign up with the latest AIA medical card, again the issue of pre-existing illnesses etc?

Thanks.

The branch office CS last time has told me that this current agent is the upline for that resigned agent.
If I request to change service agent, will impose any charge by insurance company?

My current commitment is pretty ok in general - only paying for medical card and PTPTN loan at the moment. No car loans or rent as I'm staying with my parents, I help pay for the utility bills at home too but I'm able to save about 50% of my salary?

I don't think I need this coverage since I already have my medical card...

Guys I'm buying Prudential term life insurance which renews yearly. Insure 500k for death or TPD. I'm 40 next year and the premium amount is RM1015. It will roughly be the same for other insurance companies right?

Reason I'm buying this is I'm the sole income earner for my family of two kids. My company already bought medical insurance for me to cover outpatient and hospitalization (unlimited)

Hi sifu all, I need some advice. I plan to get a life insurance for 500k to cover for my housing loan MRTA. One AIA has quote me to pay around 492+ for an investment link life insurance for 20 years. It is worth it for me paying for 20 years? 500 per month for 20 years.. the agent told me that i can take out the money anytime if i need it.. not sure how true it is. Mind to advice. Serious yea thanks