exactly.

when the agents tell us to sign up early (when we are young), they say "you better purchase insurance now, if you sign up at a younger age, the premium is lower. if you sign up at a later age, you have to pay a bigger premium"

I signed up when I was young. Now I am already in my 40s they have increased the premium more than double.

I only claimed 1 time.

Another reason is when young u are healthy s no issue to get the medical card. When old if got certain underlying disease those insuran companies wont cover already.

Insurance is like house/car loan.

Long tenure, lower price per month
Short tenure, higher price per month

The main (and likely only) benefit of subscribing early is you’re younger and likely healthier. If you only signing up in your 40 or 50, chances are you’ll have many underlying illness to declare to them and they may reject your application.

This post has been edited by msacras: Nov 29 2023, 03:50 PM

how much increase is yours? and when was last time increase?

So far GE is ok.

sometime you may need to sign up more.

when you 20yo, you sign up lower insurance.

when you 40yo, you have family and need bigger coverage.

i signed up twice, first in mid 20, then at 40yo, I signed 1 really big one.

insurance co lulz

always using that excuse

Lolz no la.

The payment table already can see in their brochure. U know how much u pay at 20 vs 30 vs 40

But if kena gout, diabetic etc then it's susah to get either loading or reject.

Actually don't buy also ok 1, got employee benefits and govt hospital also.

my previous agent didnt tell me that tbh

summore see thick documents I pengsan already

btw that was long time ago

Also can rely on agent. But many agent will take advantage of customers.

It's all in the brochure, quotation, pds/si.

agents will always persuade to sign up for extra protection this and that

6 years comm naisu

Insurance to me is like reverse 4D jackpot that ppl don't wanna kena.

If whole life never kena 4D jackpot, is insurance still needed? Think think.

Private hospitals increase charges, insurance companies increase premiums. Win-win for both of them. You know who the loser is.

We should complaint to BNM that hospital charges differently if they know it is borne by insurance companies.

Whole life won't kena 4D jackpot but whole life definitely will fall sick.

I heard can maintain same premium but will terminate earlier.

Worst is kena reprice and then change age bracket. Double blow that's y some kena few hundred for the same policy. Memang sial

Got govt and company cover also. I bet by 70-80, many ppl can't afford to maintain their medical policy.

Company cover you until retirement or as long as you are still working with the company. Once retired or resigned, no longer cover by company.

Any not all company have good medical insurance. Some just give you like RM5k/year only. Lol.

Yup. It's insurance polite way of telling you to f**k off when old. We don't want to cover you. If you want to be covered, then pay more.

Yes govt got. I support fully govt but sometimes govt take too long. Like heart attack procedure takes like 1y, appointment just to see doctor 3m-6m later? Don't get me wrong if you are dying you will get priority at govt hospital. You will get treatment promptly.

This post has been edited by Ramjade: Dec 24 2023, 06:23 PM

In short make more money. Spend less and try live as healthy as possible.

Woohoo

IIRC RM80

Almost like 3 years AIA increase once.