bro got the link to both articles? that will be useful too

I drop my interest on GE website and they send me one person with MDRT status. The moment I see MDRT status, I was like hell no. I am buying from her. Bloody MDRT status and true enough that person was pushy. Lol.

I want my insurance agent to drive normal car and don't advertise you have MDRT status.

i have a question, i upgraded my plan a year back and was told i need to keep my old plan during "transition".
It has some investment link plan in it any idea when usually i can get it back. my agent wasn't really able to give me a timeframe.

Is this Insurance Savings plan any good?

https://www.uob.com.my/personal/insure/digi....page#enrolment

I also kena Prudential hack. But i use Maybank card, which links to MAE app, there will be a notification for every transaction, so at least i can monitor. Not sure other banks has similar app functions?

Hi all, would like to seek some advice on my following situation:

1. I have a 7-year old medical card insurance policy. Monthly payment RM275, investment value now around RM10,000. So far the plan is quite good, high coverage amount and cover most of the things.

2. But I recently just started new job in a company. The company got provide medical insurance also, and the plan is also very good coverage and even include for family members.

3. So my question is.. should I cancel my personal medical insurance? BUT even if I cancel, I plan to save the existing investment value RM10,000 and continue monthly own-self save/invest the RM275. My plan is IF after 3-5 years I no longer work in the company and lose the insurance, then I can get a new personal insurance plan using the money saved.

Does this makes sense? Will I be losing out in terms of any value or coverage benefit if I cancel the existing policy and then get a new one after 3-5 years?
The only thing I can foresee losing in the current personal plan is the yearly booster amount, where every year my annual coverage will auto increase by 5% or something like that.

Another option is to downgrade the existing medical plan, but I'm not sure if this is something allowed? Mine is AIA btw.

hi

i would like to know the recommended critical illness coverage amount?
is critical ilness plan important ?

i 34age, non smoker,  currently having an old axx ilp-plan come with 150k life and 150k critical ilness, mature 70yo,  rm2000annually

axx agent recommend swap old plan get  axx wealth plan ? come with 400k life and 350k critical ilness, mature 70yo, rm5000annually
this plan 350k minimum for critical ilness

Your choice. I am not you and you are not me. For me I cover medical insurance until 80 years old. Cause after 80 just use govt. You are already half dead by then. Unless you are mahathir or some tycoon where you don't want to die. Haha...

For critical illness, I will cover until 60-65. Why? The longer the coverage you choose the more expensive it is. Critical illness is to cover you incase you lose your job. Are you working at 70-80 years old? If you got any of the illness, your kids will benefit. Remember insurance is a lottery you don't want to get.

I will tell you something, all rider you add will increase your premium and decrease your sustainability unless you up the premium. There is no free lunch in insurance.

Do you really need the extra income while you are in the hospital? Say 50-100 and are you ok to pay more premium for something that you don't need? You can save on premium abd generate your own income while being hospitalised. How? Just throw the saved premium into a MMF where you can withdraw the money anytime you like with more or less FD interest.

Keep in mind, the a+ waiver extra will only kick in if you fulfilled the definition of the disease. A good example given to me by my agent, her client got heart attack with 67% blockage in the artery. Waiver did not kick in cause need to be 70% or more.

For me I learn early on. Buy what you need. All agents will tell you oh this addition is good. That addition is good. Of course good ma. It's nice to have. Do you really need it? Are they paying for your plan? Nope. In fact you are paying them that is why they said everything is good. Remember no free lunch in insurance. Yes you can have all that but unless you set your premium to around >4k per year your insurance cannot even reach 80 years old. How did I know? I was there. I add everything inside cause "nice to have ma". Then I saw sustainability cannot reach 80 years old. I was let us remove everything and focus on medical only. Even with premium of around RM3-3.6k it can barely touch 80 years old. If you got extra money and don't mind paying your agent or the insurance company more money, by all means go ahead.

Also something to take note, are you ready for your ILP to unexpectedly increase your premium every say 2-5 years? Are you ready to do a top-up lump sum of insurance around 40-50 years so that your insurance can sustain you? Yes need topup or else cannot sustain. Many agent will "conveniently" leave this part out. For me I am not going to top-up extra nor do I want the unexpected increase.

Shop around never get your source from one agent. You can even contact the company and speak to 2-5 agent for the same product.

After all this is forum, where for me at least, is a place to gather information and chit chatty.

For this particular thread, i'm sorry to say i didnt get any useful info that i want from agents, like many have shared here that its always standard answer. Not sure whether its ethic issues or any other reason. From Ramjade although his post is long, but i personally get info that i want, but doesnt mean i had to follow his idea to totally avoid ILP products, not everyone is sophisticated or discipline enough to invest themselves..

So all in all, this thread is just a platform to gather information. Its still fall back to potential buyers needs and wants, if they feel standalone is good then go ahead, if ILP more suitable for them, then so be it.

PM could be for privacy or confidentiality.

But what if the potential buyer does not posts or want to post more confidentail details?
I believes it needs alot of added financial details also before can "tailor" it

Did you not notice, there are many questions asking about it here
Some just want mire info to help them to decide after getting info from the web

hi gurus, my friend have a medical insurance under great eastern, the sick he have is cyst in his mouth require operation at his mouth at a dentist clicnic. i want to ask, does this operation cover under great eastern insurance, the agents looks like bullshit with my friend and keep on questioning why do the operation at dentist there.

Question for Great Eastern agents.

Lets say I have a ILP with an attached medical rider (SMX200). My premium is currently RM200. However, the recent sustainability letter says I need to increase my premium to RM280, and the repricing letter says I need to increase premium to RM250.

I'm considering switching plans to SMS-250-D. The recommended premium by agent is BIP RM340 and GSR RM30 (for top-up premium), i.e. total premium of RM370.

1) Can I elect to maintain my BIP at RM200, and instead apportion all the recommended increase in premium to GSR, such that the GSR becomes RM170?

2) Can I elect to maintain my monthly premium at RM200 for the time being, and revisit in the future during the next sustainability letter? I have ample cash value, and for now the annual premium is around twice the total cost of insurance of the plan + riders.

Thanks!

Just curious and just asking only.
Why do you still choose to remain at your current premium level even after knowing the possible results?
Isn't topping it now will have a more smoother or gradual financial commitment shock than performing larger top up later?

Heads up everyone. A centralised medical claims database is coming soon, spearheaded by BNM. It is one of the measures to contain medical claims experience.

Chill. When I said "put the money elsewhere", I was referring to the "extra amount". Instead of putting that extra amount into the insurance, better put it elsewhere that can generate more so that can use the money to pay for the insurance later on.

I'm not against buying insurance, just not give the money to insurance and hope that they will grow it to pay for future premium (aka ILP).

Hi Sifus my GE agent just asked me to surrender my Medic Xtra -99 plan and purchase SmartMedic Shield+SmartMedic Shield
Extender plan. May I ask if it is possible to upgrade the existing old plan instead rather than surrendering and buying new plan? I would like to avoid the reset of contestability period.

been chatting with my AIA agent. agent proposed switching to AIA copayment option called SMART:- AIA Smart. says no cooling period or anything if want to switch to this, will enforce straightaway on next year renewal.

from what I understood of this AIA SMART option, it will be RM500 deductible if following it (using their 'SMART' panels, etc). If not following it, will have to pay myself 20% of the total med cost (capped at rm20k per disability).

annual premium if I switch to this SMART plan: RM2159 per year (~RM180 per month)

if I stay with my current AIA Plan 200 non-deductible plan next year: RM2522 (~RM210 per month)

mine just standalone medcard btw, no ILP