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!

Thank you so much for your reply, appreciate it!
Indeed there is a upgrade made in 2018 to SmartMedic Xtra.
I did a check the premium difference between SmartMedic Million and SmartMedic Xtra for age 32 is just RM26 for R&B200. So far I see the only drawback is SmartMedic Million with deductible RM300 I guess? Or maybe something that I did not aware of.
Also it does come with regular increment to the R&B just in case R&B getting more expensive in the future.

Yes, agreed with all the sifus said here, I forgotten about if reduce deductible in the future will need to undergo another round of underwriting and subject for approval. So definitely will be out for my considerations for now.

I am actually curious how the commission works here, I would assume that if I did an upgrade of medical card, the commission for that agent will be restarted correct?
And does it matter for consumer point of view? FOR EXAMPLE the medical card premium is 1000 annually, the commission is 30% second year is 25%, I am still paying 1000 annually correct?

Will try to compare the plan out there and see whether there is a worth to make a switch, because thinking better do the decision now than later, but if there is no justification to do that, most likely will continue stick with GE.
Thanks again.

Thanks lifebalance. Not to mentioned new sign-up, my concern is long time existing policy holder with same company. Company are expose to higher risk since customer may recovered from COVID but didn't declare to company.

For other health history/ claims, company will receive claim and records from policy holder. But for COVID, customer may recover before yearly renewal and not submit any claim at all since is cover by gov.

How agent handle this actually?

Hi, does anyone know any life insurance plan that will give higher cashback then what we have paid when reach maturity like 70 years old?

Hi all, wanna ask, my insurance is GE SMARTPROTECT ESSENTIAL INSURANCE 2. Quarterly premium is about RM600. In this insurance my Lion Strategic Fund has about RM8,000.

Spoken to my agent that I can choose not to pay the premium as it will deduct from my fund 8K. Is it true it will not affect my coverage and what's the cons if I choose not to pay?

Another question is can this GREAT IDEAL LIVING  about RM800 yearly payment also can be pay up from my fund 8K?

Sorry Covid time am exploring option to keep more cash in hand. If my understanding is right this premium payment from my FUND can last me more than 1 year. Any advice? Thanks

Any AIA agents here can confirm whether Covid is categorized as infectious disease or not?

Hey guys, I'm very new to this and have a few questions to ask.

Some background info: I have an insurance plan that is an "Investment Linked Policy" by Great Eastern Life called "SmartProtect Essential 2". As my mother was the one to secure this for me, I am unsure as to what degree this insurance covers me. The agent that sold this to her is her friend and is chinese-speaking and I am unable to communicate my questions.

Situation: I have a lump that I have found that I would like to get checked out. But seeing as I am very new to all this, I am unsure how to go about this process or if it is even covered by this particular insurance. The condition is suspected to be a sebaceous cyst but I have not seen a doctor about this as of yet as I am unsure how and where the insurance steps in. I am also concerned as I have been told over the phone that this policy only covers "36 critical illnesses" and offers no coverage on "early detection". This worries me.

Questions:
1. Is it possible for process of diagnosis to be covered by this insurance? I'm afraid to be stuck with a preliminary bill prior to actual treatment. Any experienced people, kindly advice.

2. If it is not possible to have the process of the diagnosis covered by the insurance, how do I go about this? Is it possible to go to a GP in say, a small clinic, and then continue onto one of the "Panel of Hospitals"? If the process of diagnosis is not covered, I would like to minimize the costs as much as possible prior to actual hospital admission.

3. What are the necessary information I would need to obtain from the diagnosis phase to progress onto the admission/treatment phase? Which ones will have involvement of the insurance company?

Apologies if these are silly questions to some of you. I am very new to this and the entire process has been such a blur to me. Hopefully some of you will be able to help shed some light and guide me.

2. Thanks. Really helpful advice 

3. Haha who knows later suddenly kena accidental findings. Nowadays so many opportunities to make young people get diabetes and hypertension lmao.
Yeap. Plan to tell the truth. Cuz I still young, no point doing health checkups so I am healthy 
What's your thoughts between AIA, GE and Prudential? Or any other companies you would recommend?

1. Cost of insurance is not guaranteed, how are you going to make sure it stays the same?

2. Kindly share how you obtain such data, I'm very interested to know.
It's a form, you'll have to search within that soft copy you've received.

what age is your sustainability ? i mean policy maturity

for example im 33 as well , but my need are totally different with yours
i dont mind go government hospital , so i only have average life , accident but heavily covered on critical illness as income replacement.
i do not have any medical card , therefore the chances of my policy getting repricing also very rare.

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

Start from 1mil? Roughly how much ya monthly

38, normal for daily life, under long term medication.

Hi all! Would like to ask, how do I decide how long should my insurance sustainability period be?
Most insurance agent that I talk to recommend a plan with sustainability until I am age 70, aka same premium until age 70. But I understand that the fixed premium is sustain frm cash value in the investment link product.. And may need to top up if the funds is finish..

Im only 24yrs old now. If I'm confident in doing my own investment, is it advisable for me to opt for maybe shorter sustainability ie until 50 yrs old, so that I pay lower premium, and use the extra amount for investment so that I can afford the higher premium when I extend my sustainability later on?

What are the cons of short sustainability period? If someone can elaborate?

The insurance company that requested the doctor to provide the report.

Hi sifus, I have below policy with monthly premium of rm200 with credit card debit automatic sustain till 70. My question is can i go econnect portal to pay more monthly so that it can sustain longer and maximize rm3k tax benefit? any reason not to do? Thank you!

SMARTPROTECT ESSENTIAL 3 MYR 50,000
SMARTMEDIC XTRA
SMART EXTENDER 90K(R&B150)
IL PREMIUM WAIVER EXTRA RIDER
IL CRITICAL ILLNESS BENEFIT RIDER

Dear Sifu, i would like to review few insurance subscribed to. Mainly to ensure the coverage is sufficient and whether there are now policies that are better. Most of these insurance was chosen by my father long time back when i started working.

GE Endowment
Commence Date: 2004
Multicash Lion Endowment Series 2 with Cash Bonus (Sum Assured RM25,000)
Waiver of Premium Rider Plus (Sum Assured RM1,720)
AccidentCare benefit (Sum Assured RM25,000)
Living Assurance RIder with Total Permanent Disability Benefits (Sum Assured RM20,000)
Cash Bonus Balance: RM1.6k
Survival Benefit Balance: 15k (Option: Leave on deposit with company)
Net Surrender Value: 15k
Premium RM175.65 per month
Term: 53

GE Medical Card
Great Healthcare Plan
Commence Date: 2004
Balance Annual Limit: 60k
Balance Life Time Limit: 180k
RM703 per year

GE Whole Life
Great Ideal Living (Sum Assured: 100k)
Premier Medical Reimbursement and Hospitalization Benefit Rider (Sum Assured RM100)
Commence Date: 2012
Net Surrender Value: 23k
Cash Bonus Balance: RM1.8k  (Option: Leave on deposit with company)
RM320.70 per month
Term: 87
Sum Assured RM100k

Hope experts here can shed some light on any areas i need to increase or let go.

Thank You

My company currently provide medical card & covers only 35k per year.
In my 20 years, have done 5 surgeries, all using company card and never used my medical card.
I was planning to keep to this medical plan until a time when company no longer provide me with a medical card.
After that only upgrade my plan to GMX2. Upgrading to this GMX2 at my age now means paying double what i pay now.

1, Anything i need to consider or overlooked?
2, Does changing from my old plan to GMX2 exclude my previous illness coverage?

Thanks

Per month...I don't exactly know much more more I need to pay to cover the additional 39 years..but I assume is a few hundreds more each month..

what about, will it be subjected the review & declaration of medical condition?
or it will just be auto acceptance regardless of preexisting med conditions?

New adjusted premium to auto extend to 70-80 yrs old...

How much normally is this new adjusted premium? I can choose not to opt in right