is investment linked medical insurance a scam?
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 Sep 12 2022, 09:35 PM
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#1
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Senior Member
3,834 posts Joined: Oct 2011 
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QUOTE(wangpr @ Sep 12 2022, 09:19 PM) Investment part will use as to cover increment charge in the future as the medical cost increase anytime ......... Lol bullish*t. Even with investment they will still ask you to increase the premium else it will become unsustainable. |
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Sep 13 2022, 09:00 AM
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#2
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Senior Member
3,834 posts Joined: Oct 2011
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QUOTE(AbbyCom @ Sep 13 2022, 01:33 AM) Hope I don't get LOD.... My relative is a GE agent. When I asked him any medical plan without IL, he said nowadays all medical plans are ILP. The Smart series are Investment linked (160% comm max over 6 yrs). The Great series are Standalone (171% comm). Kek. |
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Sep 13 2022, 10:28 AM
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#3
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Senior Member
3,834 posts Joined: Oct 2011
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QUOTE(la bella @ Sep 13 2022, 10:21 AM) my agent told me my current RM170/m IL+medical cover I had a similar plan like yours previously. There's a coinsurance where you need to pay certain percentage of the bill. medical -daily room and board RM200 -Annual limit 120k -lifetime 1.2million death 30k permanent disablement 30k I think it is reasonable for RM170/m Also I think there should be a revision to increase your premium but you didn't opt in/give consent. |
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Sep 13 2022, 10:29 AM
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#4
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Senior Member
3,834 posts Joined: Oct 2011
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QUOTE(Ray2021 @ Sep 13 2022, 10:27 AM) He is lying. I know. |
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