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 Insurance Talk V7!, Your one stop Insurance Discussion

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TSroystevenung
post Jan 31 2021, 10:43 AM, updated 5y ago

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From: Butterworth, Penang
Welcome to the Insurance discussion thread Version 7.00!

Click << HERE >> for the Insurance Discussion Version 6.00!

Created Date: 31st Jan 2021

If you have any questions on insurance, just ask the experts in this thread!


The Top 20 posters in Insurance thread version 6.00 notworthy.gif thumbup.gif

lifebalance 535
ckdenion 223
Cyclopes 181
MUM 95
GE-DavidK 90
tyenfei 72
adele123 63
JIUHWEI 60
Holocene 48
yklooi 39
Ewa Wa 36
coolguy_0925 30
tan71500 25
jack2 25
cherroy 24
farizmalek 22
rocketm 21
Oklahoma 17
ping325 17
responsible poster 13

This post has been edited by roystevenung: Feb 1 2021, 03:46 PM
TSroystevenung
post Jan 31 2021, 02:05 PM

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QUOTE(AnasM @ Jan 31 2021, 12:54 PM)
Who say?

See this thread https://forum.lowyat.net/topic/4750563/+11500
already reached Post #11504 still can support
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My bad, was previously told that we need to create a new thread once a post is over 2500 and has been practiced since the last 6 threads. Guess it has since changed.

Anyway, just carry on in this thread. Will not create any new threads from now on.
TSroystevenung
post Jan 31 2021, 02:12 PM

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QUOTE(AnasM @ Jan 31 2021, 02:06 PM)
pls PM mod to merge the thread so user can easily find info in single consolidated thread when perform search
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Cherroy
TSroystevenung
post Apr 12 2021, 01:42 AM

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QUOTE(coolguy_0925 @ Apr 11 2021, 11:00 PM)
Thanks both

If you know is paywave allowed?

ping325 I will go to the main one in my state so I believe should be ok... but will check nevertheless, thx
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Alternatively you may pay using FPX/ Debit Card or CC/Boost/T&G using the online Customer portal

PruAccess Plus
or
Prudential E-Payment
TSroystevenung
post Apr 12 2021, 01:43 AM

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QUOTE(ykk3 @ Apr 11 2021, 11:11 AM)
anyone bought Takaful myClick Medicare here> is it guaranteed renewal or is there any better alternative for standalone medical card?
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Takaful myClick

Page 12/16 PORTFOLIO WITHDRAWAL CONDITION
TSroystevenung
post Apr 29 2021, 12:33 AM

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QUOTE(sching @ Apr 28 2021, 09:09 PM)
Hi, planning to increase my medical nsurance coverage as currently my old plan only has 50k annual limit. My agent advised to directly buy a new policy as he calculated it would be more worth compared to upgrade as will be cheaper and more comprehensive coverage. However, I will need to maintain the old policy for one year and at the same time pay for the new policy. It doesn't sound fair to existing customer. Any idea how can we go about this?
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Yes it can be done and it is also advisable to upgrade it on the same policy (if there are no major health complications at the time of upgrade).

You can even upgrade the life insurance/critical illness/accident (if it is insufficient with your current needs) on the same policy.

There is no 4 months Waiting Period as any claims 30 days after you done the upgrade, it is still claimable from the PruFlexi Med. If after 30 days, the claim will be under the PruMillion Med.

Be aware that starting a new policy means paying the agent commission (in full for 6 years all over again). The allocation rate for the funds investment also restarts from 60% onwards instead of 100% (if your old policy is > 7 years).

Cancelling an existing policy just to start a new one is never beneficial to the client but brings many 'extra' benefit to the agent.
TSroystevenung
post Apr 29 2021, 04:15 PM

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QUOTE(sching @ Apr 29 2021, 02:25 PM)
Thanks guys for your insights and helping to check even on a public holiday  notworthy.gif

The reason my agent mentioned is that it would cost higher for an upgrade compared to getting a new policy and also the old policy did not allow for newer features like comprehensive CI. The upgrade for medical part makes the final premium higher compared to new policy. Thus, he suggested a new policy. So does that mean I have to choose between a more expensive upgrade or a direct new policy (along with the cost of maintaining 2 policies and paying commission again for 6 years)? My old policy is already >7 years.
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Not sure what you are talking about.

If the medical card is able to be upgrade, it means the policy can even add on Total Multi Crisis Cover (TMCC), aka comprehensive CI.

Perhaps get your agent to run the upgrade in front of you?
TSroystevenung
post May 23 2021, 11:22 PM

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QUOTE(leesa @ May 23 2021, 04:23 PM)
Hi guys, I'm looking for a medical card for my mother. She had one with Allianz but the policy lapsed (cos I ignored the renewal notice until it lapsed 😓)

She doesn't want to do a medical check up to get it reinstated or for a new policy. So several agents from AIA, Pru and HLA have advised to just apply and see if they ask for a medical report.

Can anyone advise and provide me a quotation? Alrdy got advice from AIA, Pru and HLA, so others are welcomed.

• Age: 64yo (year of birth 1957)
• Existing condition: Hypothyroidism (under medication. Last check up/medical report was about 10 years ago)
• Non-smoker

I'm fine to exclude the current condition from the coverage if I can proceed without a medical test, if it can work like that.
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Your best and first option is to try to re-instate the policy if at all possible. If it has just lapse, then revival is very possible just by paying the outstanding premium without the need for medical underwriting.

Do contact your insurer urgently if that option is still open.

HTH

This post has been edited by roystevenung: May 23 2021, 11:22 PM
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