Unker just go this, 1 of my policy wanna charge me extra 80 per month le.

any maha /k can advise mau up or maintain.

I read say can maintain but will effect sustainability wo...wtf do that mean. is this scam?



inb4 /k all kaya, no need insurance

Why post in serious kopitam but you speak like in kopitiam, so just expecting us to be serious but not you?

This post has been edited by kelvinfixx: Jul 28 2023, 10:13 AM

lol, ini kopitiam style talking. serious or not, the same.

sudah makan ubat belum?

Insurance is like a gamble. U may use it, U may not use it. I have asked a few of my colleagues, about 50/50 have it.

I have a life insurance in case I die prematurely, my family got money. Medical insurance, KKM rm1 or company GL can cover.

If U think it's worth the sub, U don't have a choice do U? Cost of living is going up. And it will go up.

Wondering the same.

Call your servicing agent. Ask him how come last time explained the premium once locked / bought earlier, it will not change but now how come got revision & got extra , else will effect sustainability ? See how your service agent explain when he used that point to sell the plan years ago.

problem is the agent no longer available anymore, Unker buy this like 20+ years ago. Last time got increase like 10 yrs ago.

Is yours an investment linked policy?

If so, I'm sure you should be aware that the investment portion is actually used to "cover" for increasing cost of insurance. When the investment does not give back good returns, you need to top up, if not, the policy will sustain to let's say 60 years and not 70 years old as earlier estimated when u signed the policy.

Even for standalone medical plans, you need to top up with increasing cost of insurance....

No such thing as "locked" premium..

Anyway, if you are serious about looking for answers, should post here:
https://forum.lowyat.net/topic/5096196/+3700

Tq bro, yes my Insurance is investment link.

Means originally the insurance can cover you until 99y/o*, but if you maintain the premium it may only cover until 75y/o*.

*EXAMPLE ONLY.

You become the owner of the insurance company then you will be insured by all the clients if you can get

Same with mine la and thy put 3 option :



I juz dont care , i think it will cut the portion from investment and pay the extra premium la

any reason why you deicide to upgrade premiums still even after cutting the investment?

Some insurance lagi tua lagi mahal, your only RM 80 naik dah complain .

You can choose not to buy, just keep saving money and visit public hospitals to me public hospitals is better than private sometimes unless cannot wait only i go private, , if you have optional saving 1 million just for medical yes you don't have to buy

Buy or not the insurance you decide, your life, your health , your choice, no one force you .

The premium remain at RM3600 annually , wat i mean the medical card fees is increasing thn thy will auto readjust from RM3600.
Example from RM3600 , 1.6k go to pay medical card fees and 2k investment thn now auto adjust 2k on medical card then 1.6k for investment like that lur .
The reason thy wana increase the premium because thy forecast in future investment not enuf to cover medical card fees because the medical fees is increasing .

This post has been edited by prdkancil: Jul 28 2023, 11:06 AM

I see, tq for clarifying.

i think no need add lah....

Anyone bother to check the fund performance for investment link ?

seems like all the funds performance suck balls, better they just create one fund that buy malaysian local banks, that at least have dividend to rebuy back the fund.

Same goes for my Allianz investment linked, wanted to increase 50% 😮😮

so wat you did? got increase?

Mine is Allianz investment link too , annually 3.6k and suggest increase another 1k+ = near to 5k but i dont care .
Let them readjust the investment portion themself and fix at RM3.6k annually .

this seems to be what most of us is doing.

No such thing lock. Sure got clause you din notice similar to " we can revise the price from time to time reasonably"

If the economy gets worse and higher inflation, then the premium will keep increasing. Recently a person had a stroke, 36 age only, medical cost hospital and Physiotherapy already more than 200k. And that person previously only pay 200++ per month like TS.

But the cons is need top-up earlier than wat we expected , maybe 55yo like that already canot cover the medical fees

this is only 1 of my many policy. My medical is cap at 1Mil from GE.

I guess other policy will have the same issue comin.

unker gonna pass that soon, not sure how long more can last also.

This post has been edited by karazure: Jul 28 2023, 12:17 PM

Urs cap at 1mil limit life time or 1mil limit annually?

life time la, but havent claim any b4.

Good luck with GE , they famous for making yr life hard when want claim .

Now is 1mil annual limit for cheapest plan jo lor , no life time limit .
Ur agent no help u upgrade a when those plan upgraded from time to time

ya meh? no agent wor, he quit many years jor.

looks like unker really need to check.

I'm on AIA medical insurance. I take pure medical insurance only. No investment link.

Already 3 years I'm on this insurance and no increase. I hope can stay the same amount for a while since I have other commitments.

Unker policy 20+ years jor, if not wrong got increase 1 time b4.

Huh I thought SMX was reprice in 2021? I recall my monthly insurance charges jumped by 20% back then.

karazure, anangryorc,
that's why you go with standalone. Whatever increase they already write out and inform you upfront before you sign the form. Of course can increase more than what they stated but all this increase usually affect ILP. That's the reason I avoided ILP at all cost.

If you are still healthy, can surrender the ILP and buy standalone one.

Maybe increase some more?

This post has been edited by Ramjade: Jul 28 2023, 02:27 PM

u damn lucky, only increase 80.
mine increased 450 per month.

mmg suck balls

is there a US Equity focused fund?

is prudential the same?

Your age also increase by day, just keep it.

As you age, the premium gets adjusted up, I'm guessing that's what happened

So far no heard got case la , GE one masuk news few time . Ppl cancer they deny claim say u got back pain issue niver disclose then deny claim , padahal not related pun .

No, this is due to repricing. The increasing cost of insurance cue to age increase is already priced in at policy inception.

Insurance company purposely set the annual limit to 1mil so to increase premium. Scam to the max!

How many need 1mil medical per year? 1 in million?

Just check GE(Sinkie), AIA(HK) and Prudential(British) all not local boss 1 eh rupanya. Their premiums collected really a lot, very good business.

They wun scare you claim 1M because no way can claim that much. Claim 150K above also very serious adi and you likely can't work adi.

No. I guess it's BNM rules that they have to invest locally. There are some global funds but never pure US fund.

To add on, if a fund is not performing, then increase in premium is likely going to be more frequent. Increase in premium is cause by
1. Not much money left in the pool as lots of people claim
2. Underperforming or not performing funds
3. Medical inflation

Is Fi.life good and anyone use this before?

They are just act like online agent. The main company is who fi.life is distributing for. For medical it is generali Malaysia (previously AXA).

i have checked, agent/insurance company said oh your this policy cannot purchase US fund because of we need to be risk-averse .
Niamah really, putting in malaysia market even more riskier as we are losing/depreciating 2% riggint yearly against SGD. even if they allow SP500 index purchase also proven in 20 years simply 10X better than put in Malaysia market (unfriendly to make business, how stock will rise ?)

Already experienced this revision of premium 2 years ago. My SA got grilled by me, I was so furious , I asked him “ did you or did you not said the premium will be locked / frozen, the earlier you buy, the cheaper it is?”. He just remained silent. Had they are more ethical & made known this, I”ll not be that angry. Now they will said it was due to the BNM instruction/ regulation. All my kids premium , I decided to purchase from another agents after the incident.

My intention is to get TS to grilled his SA if he was promised the similar, mana tau he said his SA no more.

Yea.. allianz saya also want me to top up and send a letter giving a lot of reason.. say average claim increase, and medical fee increase..
But never say why their investment like shet return and cannot cover

This post has been edited by Boomwick: Jul 28 2023, 08:05 PM

But I feel the pricing seem quite okay for PA insurance and kids medical card.

It is abit technical to explain over text and no drawing but long story short is, if more people claim, insurance compamy need to increase the charges, then customer need to pay more premium.

You can always reach out to GE for advice. But i will be honest, if you want the insurance coverage, the simpler solution is to pay the increase in premium.

If you are young, maybe still ok. By young i mean, below 30 years old. At some point, the premium you pay is not enough to sustain your future charges then your policy will lapse. Lapse means no coverage.

But anyway, there is too many moving parts that it is really hard to explain and generalise. Your rm3600 may be enough, may not be enough.

3 to 5 years is usually time already.

There are 2 kinds of increment. 1 is if your age increase. 2 is if everybody who bought the same thing going to pay the higher prive for the same thing.

1 is following the line on the graph. 2 is moving the entire line up on the graph. Not the same.

This post has been edited by adele123: Jul 28 2023, 08:54 PM

My take on why most investment linked don't have pure US equity funds.

Simply reason, what's the world's most performing stock market in the long run? It's US. If they put your funds in US equity funds, it means that your policy investment portion will do well. Thus, no excuse for them to increase your premium due to policy can't sustained.

But those conservative people who go and select local income fund in their policy, Conlanfirm in the long run return is negative. So of course the policy can't sustain. Then will ask you to top up premium to sustain longer.

Double posted

This post has been edited by cedriclee: Jul 28 2023, 09:01 PM

Please dont trsut your agent. Read the official materials to be safe.

My great eastern oso increase from 300 to 340

You buy from what company is the same. All ILP will have this problem. Only way to avoid this problem is buy standlaone. But standalone can also have this issue if say not enough money in the insurance pool already.

Their PA don't think it's under Generali.

10 years ago only had increase? Mine 5 years only.. got letter increasing, just like the one you had. But mine was Allianz.

Right. I tried to change to the most good.. but they didn't approve at first. I don't have that letter, they were asking some stuff.. I just decided to ignore it.

For awhile should be.. you have another 2 years. But I hope it will still stay the same for you.

Maybe I'm not smart, but it is still not making sense to me. I got premium increase letter, and I spoke with my agent. My agent told me a lot of stuff, some examples.. "a lot of people claiming, and also medical cost gone up, with ringgit performing very bad."

I was there like .. "a lot of people claiming, and I never claimed but they want to increase mine also? why not just increase only those who have made claims?"

Medical cost gone up? I was like, "well, medical cost up or down, if I claim, I still will only get within my limit/plan which they've already allocated. In case ringgit starts doing well, will my coverage increase? no right?" "if my plan is 500k, then doesn't matter cost up or down, I should entitle for max 500k."

So this:

As long I pay the agreed price today, even 20 years from now.. they should be able to provide coverage for RM1m per year.

But after years paying, they say to continue providing the agreed coverage, they have to increase premium!

I'm not asking for RM1.5m coverage because of medical inflation right? So they shouldn't increase!

i hv just terminated and take back the money

That's not how insurance work. Insurance works by collecting everyone money into a pool which is use to pay someone whenever claims are make.

Now if everyone don't claim then the pool remain constant. If people start claiming, it will come a time when there is not enough money for everyone. So because you are in the pool, you are also forced to pay up even though you never claim. Cause not everyone so good hearted don't want to claim.

Think of it as a reservoir. When reservoir no water, water rationing affects everyone.

Imagine you already pay so much for insurance, to get back some of the money back, you need to get yourself admitted or else money wasted right? So if one person think like that, you bet there will be others who also think like that.

Also the coverage amount is the same but the sustainability (means the insurance can last until xyz years) will decrease if you don't agree to increase the premium.

This is what my agent said not I said, standalone tends to follow the projected rate increase and yes there are some years which are exception while ILP won't follow the timetable. So some people get increase in price as early as 2 years.

That's why I didn't go with ILP. I was like I already pay so much and you want me to pay extra money every now and then when the insurance company request? Nope. Not going to happen.

This post has been edited by Ramjade: Jul 29 2023, 04:37 PM

You made the right choice. ILP was told will never have premium increase.. now different story from them.

In theory. But in reality different story. I was luck I did research here and on Reddit and found out the truth.

Just sharing here. My parents non ILP, when they reached a certain age and issues started to come like diabetes and all, the insurance company refused to insure them anymore.

Now i asked my agent what if my ILP when I reach a certain age they don't want to insure me anymore. My agent said in ILPs there are clauses stating to what age I must be insured whether or not I have made claims before that age.

So in a way, that is the advantage of ILP according to my agent.

Yes what you said is true but that's for the old plan. Nowadays all new plan does not have that clause anymore. That's the not guaranteed clause. Nowdays insurance only won't cover if you
1. Don't pay on time/fully pay
2. Commit fraud
3. Surrender policy

That was one of my main criteria make sure there is guaranteed renewal. I said I don't want your word, I want black and white from company. She pull up the contract and it's stated there policy will be renew unless the above happen (can't remember the whole terms an condition)

This post has been edited by Ramjade: Jul 30 2023, 01:14 AM

Same these 3 years keep Naik, I don't agree so they reducing my insured years from 85 to 72, next year not going to reduce I guess since investment link fund start doing well

You don't pay they will reduce years of insured

This post has been edited by Pain4UrsinZ: Jul 30 2023, 02:33 AM

Personally, I'm ok if the conditions are made / declared upfront. What I'm pissed off is more on the way the SA carried out their sales talk.

Or else how will they make you buy? Many people got hook to ILP because if so call stable premium.

You bought ILP or term?

Wow. You spend around 10% of your income on insurance.
No wonder.

Why can't you just buy yourself?
You do realize you have to pay fees so you?

Unless, you can claim income tax. Then investment linked might be worth it if they focus on low risk investment.

I am pretty sure the insurance did not cover everything.

Only thing good about ge is, you can claim for income tax as well. And they even give you voucher and your surrender value increases each year. Taking into tax account, it's not too bad actually

Well. If your medical bills more then the max coverage good luck.

other insurance companies also can claim for income tax no?

I don't think he purposely wanna invest in those funds, those are only the available funds when you purchase an ILP

Can claim. But surrender value increasing?
You see. I am more interested that I put in and then get more out after income tax considerations.

My surrender value always increasing at the same amount as the premium that I pay.

I end up saving after claiming tax relief.

This post has been edited by BrookLes: Jul 31 2023, 02:13 PM

10% of income
Dont get wat u mean

I think that what it means.

Yes and why would you want to invest in those funds when you can diy and buy those bank stocks yourself.

Only advantage for investment linked is if you can save on taxes and they invest on only fixed income investment.

I dun mind paying them fees if my tax saved is more then the fees.

Term la. I won't waste good money by paying for things I don't want and are useless.

Er no. That's why it's call investment linked. You choose the fund and they buy the fund and you get charged 1.5-1.8%p.a

Physiotherapy, medications cover la.


If you buy medical rider with the ILP, then overtime no more surrender value cause ILP with medical rider will become zero or negative.

most likely this is investment linked policy and whenever they fail in their investment, they charged higher premium.
Or whenever they fail to achieve their investment ROI, they charged higher premium.
Every year, they declare very high profit and annual dinner.

mcm unker ade jasa sponsor their annual dinner?

You can buy great Eastern, aia, prudential shares and go makan. One in sg, one HK, one UK.

1m is meaningless , just an excuse to increase the premium

if you claim a certain amount or above, the insurance company already ask long ask short to the doctor and hospital and need explanation....

better buy life insurance instead, medical insurance be practical better, reasonable amount then ok, the amount paid yearly ngam ngam can utilize the max amount to claim the tax relief then ok

if u go see those insurance company boss, all those drive luxury car already

This post has been edited by mlamlam: Jul 31 2023, 06:53 PM

there is an event called called adverse selection where "high-risk people are more willing to take out and pay greater premiums for policies. If the company charges an average price but only high-risk consumers buy, the company takes a financial loss by paying out more benefits or claims."

I know you are the insecure type. Few years ago, when ppl say that cimb for Sgd to myr gives the best rate you still ask ppl to use TransferWise where the rate is not so good and there are extra fees. But I digress.

Of course if any plan that is ilp and no tax benefits obviously dun buy. I highlighted that right?

And I already highlighted that my insurance plan work in such a way that my premium that I pay is the same as the surrender value. I even highlighted this in the insurance thread.

What further issue you have?

So far only GE I saw when want claim they will ask u do those pelik pelik test before let u claim .

Trust me when u kena those critical illness even with high limit pun u they do set a time limit for u to claim one like 1 yr from operation after that u sendiri tanggun . Even during the one year not every thing can claim . Mil kena breast cancer that why I know

U compared the price of your term plan with the one in EPF ?

I am ordinary people. So not applicable to me. I only buy what's available on the market. Nothing specially tailored.

What insecured? I know what I want and I shop around for best price. I have no brand loyalty. I think you are got mixed up. I have always said Cimb sg have the best SGD to MYR rate. I have always said CIMB Malaysia have lousy rates even though TransferWise got fees and CIMB Malaysia market themselves as no fees. The net SGD you received after using Cimb MY and TransferWise for huge transfer is significant (you received less SGD by using CIMB MY). Like I said, I shop around. I have compared maybank, Hong leong, uob, standard charted, public bank, cimb, OCBC, all give rubbish MYR to SGD rates. That's why I never recommend anyone to use banks.

Kindly checked again/ask your agent to give you the sustainability table. In the beginning yes, yes you will have cash value. But towards the end of the insurance say when you are 60-70 years old, there is usually no more cash value left unless yours is not medical insurance.

Nah. EPF one doesn't have coverage of min RM1m. Anything that does not have RM1m coverage automatically I disqualified them. Also EPF does not have medical insurance. Correct me if I am wrong.

This post has been edited by Ramjade: Jul 31 2023, 09:17 PM

Nah it was clearly a discussion of sgd to myr.
But it's ok. I know you always twist one so no point discussing

And why would you say dun use banks when cimb had the best sgd to myr rates.

See always contradicting.

Suggestion. Dun have to write long essay to me next time when your points contradict.

This post has been edited by BrookLes: Jul 31 2023, 09:27 PM

Read carefully. CIMB Malaysia have lousy rates. CIMB sg have good rates.
If you are moving RM to SGD don't use banks.
If you are moving SGD to RM use cimb SG. Yes there is a fintech which I know offer better rates than comb sg but it's only available for people working there or staying there not for regular poor human like me.