The only good thing u buy earlier is less chance kena exclusion or kena loading

None. Your roti canai price also increase right.

So... not a surprise the medical insurance increase price.

I can understand the increment or inflation. That is normal. But the percentage of increment can be up to 20% or even 50% in few years time. That is really hard to swallow....

I think most were promised the policy will paid by themself once it reach 10-15 years

Now they got older, instead of paying by itself or paying longer, the premium is double up as well..double whammy

Just received notification, RM44 increase effective 1 July

no sane agent will highlight the premium naik part

lulz

Lucky for me last time they show their pattern before 3 years into my policy during the economy crisis and i cancel it back then.

God knows how much the premium would be now.

This post has been edited by COOLPINK: May 14 2024, 11:45 PM

Then now tarak insurance at all totally ?

Yes.
My life insurance also they change the T&C now longer yearly increase payout after mature.

This post has been edited by COOLPINK: May 15 2024, 04:34 PM

When I buy my house last year, the mortgage specialist proposing me MLTA with 10k premiums per year x 1st 6years and it’ll last the full 35 years till maturity and still have positive cash value over 60k paid (but of course that’s the theoretical value, practically 60k cash value in 35 years are nothing near 60k you paid today).

But yeah, the logic is the more you fork out now/earlier, on theory it should last longer.

This post has been edited by msacras: May 15 2024, 05:04 PM

My insurance increased from 283 to 316 last year 1st Nov 2023

now they send me message say increase again from 316 to 367

so just two years increased 30%!!!!!!!!!

any other company increase like this? is it all malaysia insurnace company are blood sucker like this?

so when 20 years later, have to pay RM3000 per month? it seems just like cheating and force ppl to terminate when getting old

My agent told me it's either I opt for "upgrade" or auto force increase next year. The concept is like paying additional RM100/month for upgrade or force increase additional RM50/month remain current benefits.

This post has been edited by Crovoseas: Sep 27 2024, 01:05 AM

Insurance companies are for-profit companies. Their cost increase, they past on to consumers. It's just capitalism.

Yes, some companies have that option. I think expect your premium to increase at least once every 2 to 3 years. If not more frequent. I hear stories of people getting increased doubled because many years didnt increase. It's either small frequent increase or large big increase.

Either way, naik is confirm.

After upgrade, the future increment will become even greater.

like that it is a big scam,
why say early buy insurance is cheaper
who can pay RM3000 per month at 60 years old