hi CoolStoryWriter, yeap i see that you have no difficulty paying the premium at the current moment. whether you need it or not, it really depends on the risk you and your family can take. there's no right or wrong or a definite answer. before analyzing further, I can't give much comment on your scenario, best is to leave it as it is first.

hi joonh, dont say yourself noob. we are all here to learn answers in spoiler post above

hi onthefly, indeed the premium for ILP aint guarantee and is subject to change should the insurance charges increased or funds performance is unable to sustain the policy until coverage term. if you are just referring to medical card, standalone premium is also subject to change. the reason of looking into ILP plans is if you wanna have something that standalone plan doesn't have, premium wise, i will say treat it as the same. it will be too technical to go into in depth discussion. perhaps you can ask a few agents friends and see how they explain to you.

btw the question you raised is good

hi mini orchard, standalone medical card premium change/increase according to age is correct. but that premium table is also subject to change as well. even though there is not "investment" involved. of course, check the policy contract document. maybe some standalone got guaranteed premium but there are some standalone medical card that the premium has been adjusted.

take this for example Great Medic Xtra (i cant attach link due to account still new). attached is the TnC in the brochure under the premium table rates




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hi MUM, yes its correct. thanks for attaching the link for me. it did happened before that standalone medical card's premium is adjusted.

hi Dwayne, are you referring to eLife Protector+?

better if you have the official illustration from both and look at the details. just looking at the premium and benefits aint enough. check the fine print of the product illustration (quotation)

hi ineser, most insurance company packages have what you quoted. most importantly is making sure that is the coverage you want. and since you are getting married mid of this year (i will say quite soon), you can actually let agent know about this situation and straightaway factor this in for your insurance planning. put aside premium amount first, discuss and focus on the coverage needed, then you will be more clear of what you need in your insurance coverage.

Not sure about others, medical card by AXA Affin General Insurance does covers the below:

In-patient & Out-patient Psychiatric Treatment
Benefit of the following:
• Major Depressive Disorder
• Obsessive Compulsive Disorder (OCD)
• Post- Traumatic Stress Disorder (PTSD)
• Anorexia Nervosa, Bulimia Nervosa and
Polyphagia (compulsive over-eating)
• Schizophrenia
• Bipolar Disorder
• Anxiety

this category claim is RM3,000 per annum.

Details here: fi.life/pdf/medical/PDS_SCO_SCO_Plus_01072021.pdf

hi Ahkuan, it's very hard for us to determine because there are many factors. its best to discuss with your agent again.

hi blibala, the only way to do it without going to GE is to submit via eConnect. if you need any guide on that just let me know, so I can guide you which forms are needed and what to be submitted

hi CoolStoryWriter, it's best to discuss with an agent on the spot because by discussing face to face, it's easier to know your concern and solve it then you will be clear on what you actually want. as we don't know your exact financial situation. so we dont simply say "yea just get a standalone medical card is good for you". perhaps discuss with the agent that you got your MLTA with, i think that is a good start.

hi ykaism, i'd did 3 times of claims that is similar to your scenario. so far 3 of the claims yeap can claim, even the excessive room&board can also be claimed whereby I'm surprised. I also learnt it through just submitting. anyway, for your friend's case, is it best to always use the 2nd medical card first, then just submit the claim to the 1st medical card insurer for the RM5k deductible. I mean no harm trying if it really happens.

hi mini orchard, based on the claims i did before, when you submit the excessive amount to the 2nd insurer, there is a section in the claim form whereby it asked whether is this bill claimed from other insurer as well. so what i did was to fill in that section and also submit the Final GL issued by the first insurer. submit any original receipts if any. out of the 3 claims like that that I did, one of it i used duplicated itemized hospital receipts somemore because the original one is submitted to the first insurer. no problem too so long can justify to the 2nd insurer.

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

if you dont mind not going through agent, you can really look into buying it direct online. term insurance though. In terms of premium, guess that is consider very cheap.

hi plouffle0789, perhaps you can get a quote at fi.life
easier for you to know roughly how much the premium will be...

hi kucingfight, estimate RM200 per month for what you are looking for

the reason of premium difference is because of the different plan type.

the one your dad bought with AIA and GE comes with maturity value (highly likely). the one you see in fi.life is purely just for life insurance and its premium is based on age. so if you check further for the premium rates, you will find out that premium increases over the years. and for this term insurance by fi.life, there is no maturity/cash value/surrender value in it. i still think that the one your dad bought from AIA and GE is actually not that bad though.

hi pmaxv, if there is still a chance that you will come back and reside in Malaysia, I will say it is best you keep it first. Unless you are very sure that you are staying overseas for good and will never come back anymore.

hi henry, btw what is the relation of the nominee to you?

you can check out fi.life if you are looking into buying online direct. can also check out from AXA too.

hi ExCrIpT, when policy is lapse, means there is nothing left in the policy to give back.

when it comes to insurance, it's not about worth it or not if compared to investment. one is for risk transfer another one is for wealth accumulation. in general, i will say better to have both

ok good to hear that at least you'd managed to take back something

hi umboy, if it is for saving a portion asides its still okay but not for insurance. bancassurance ("bank insurance agent") is not very well verse with insurance policies especially when it comes to the protection side. that's why they propose mostly on savings which has low coverage. can't blame them as that is not their profession.

hi kerolzarmyfanboy, if you are just talking about medical card, yeap the AIA one you mentioned is good, just dont forget to add in the booster to increase the annual limit to at least a million. for premium of around RM300, maybe you can look into getting at least coverage to payout upon diagnosis of critical illnesses. for this better to have it discuss with agent/advisor.