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Insurance Talk V7!, Your one stop Insurance Discussion
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Pain4UrsinZ
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 Oct 20 2025, 01:18 PM
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My insurance premium yearly RM 3270 (top up once this year, to sustain my critical illness coverage from RM3000, the coverage period also axed till age 69 at the same time)
SMARTPROTECT ESSENTIAL INSURANCE 2, SmartMedic Xtra
GE suggest me upgrade to RM3930 ,
GREAT MediValue Exclusive (only upgrade on medical)
currently my medical coverage is until Age 80, next year they gonna axe my coverage anyway to age 66. should i continue with this policy or lookout ?
Im not concern so much on the amount of coverage , but the period, keep getting axed.
any advice on planning on the surrender ? better to take other premium concurrently for few years till the new ILP passed the waiting period ?
This post has been edited by Pain4UrsinZ: Oct 20 2025, 01:23 PM
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Pain4UrsinZ
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Oct 20 2025, 03:10 PM
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QUOTE(Ramjade @ Oct 20 2025, 02:22 PM) As MUM said they cut your period down what makes you think they cannot do it again? The only way to prevent them from cutting your age are 1. Remove any other insurance apart from your medical insurance. This way all premium paid will be channel to medical insurance. Of course with ILP you still need the bare minimum of life insurance 2. Increase your premium paid. 3. Perform lump sum topup around RM50k If you want to keep current period usually need lump sum top-up. If you have no new illness and your plan is like 10years old you can change plan provided you are still healthy and willing to wait 2y for waiting period. I’m trying to understand the separation — I hope I’ve got this right. The waiting period for medical coverage is usually between 30 and 120 days, so it’s safer for us to switch plans or change to another insurance provider. Meanwhile, for life and critical illness coverage, it typically takes about 5 years to reach 100% of the insured payout. So it’s better to separate them to avoid being locked in or trapped under single plan, right? |
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