Everything want to increase.


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Please share more details. What's your medical card? How much is the quantum of increase?

Yikes. Aia med regular. The standalone plan I have. Haven't received such letter yet. Maybe time to have gathercare as standby. At least gathercare no such nonsense.

Surprised they didn't mentioned anything about depreciation of ringgit.

Please share and see if increase is more or less than ILP.

Stated AIA med life regular.

This post has been edited by Ramjade: Jan 16 2024, 12:04 AM

7.8% increase

this time increase just 7.8%. that is low i think, as it had been published that the medical inflation rate in malaysia had been around 10% ~ 15% per annum.

do you still remember when was the last increase for your plan? hope it is not just last year

This post has been edited by MUM: Jan 16 2024, 01:14 AM


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Yeah, if they suggest the ratios of split, options, where too etc. that supposedly match one risk profile, thats fine.... but than again, who would know one risk profile better than own self.... hmmmm, frankly at my age, I know what I'm looking at given all facts considered....risk appetites, age, commitment, liabilities,....

Crunched all my numbers, from worst to best case I possibly could...even if these folks planner can help me making extra 10-20%, not going to make any differences.... but a discourse of diversification would be productive....as long as my interpretation of risk threshold is met etc..

Sorr6 digress off topic....Heck its part of COLA inflation discourse.... 😄

This post has been edited by gamenoob: Jan 16 2024, 07:48 AM

Sometimes just for fun, I wonder about the numbers, ...

BTW, just some fact I encountered, ....eventhough medical inflation is yearly, the premium of my child insurance did drops drastically (I think -40%) after ( I think) 6 yrs old, then stayed flat for some years, then starts to rise after ( I think) 10 yrs old.

This post has been edited by MUM: Jan 16 2024, 08:10 AM


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No worry. Insurance companies sure make money one.

Unless they increase the premium by just 7.8% per year, while the stated known medical inflation is 8.70% per year..

Yes, insurance companies sure makes money, if not Ramjade won't not suggest buying insurance companies stocks.

Damn.. I need to download and check my previous year statement to see the annual creep...

I don't think its gone that much higher ie 7-8%... hmmm,.... makes me worry a bit pulak......

Mine had gone up abt 270% in 13 yrs...

Just for fun numbers, ...
Contestchris had just posted this in insurance tread.
Entry age and price variance of 2 online products

This post has been edited by MUM: Jan 16 2024, 07:58 PM


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Looking back, my current policy started 15yrs ago. Midway, I have 2 supplementary policies whenever insurer offer them at discount with extra coverage with low premium and no medical check requirements to provide the additional coverage.

Then 2 years ago, it was consolidated when insurer offer an upsell without medical check, allow me to upgrade my original plan that in total match all 3 policies combined. Nett Premium is actually lowered as part of their upsell consolidation. I let my 2 supplementary policies run for another 6 months as there was waiting period on the upsell.

Now with only 1 policy and the other 2 is cancelled. Overall, the premium remain about the same last 5 yrs with small creep about 3-4% annually.

You upgraded policy, ..thus added total premium or changed premium value to higher just 2 yrs ago...
Would be good to see if the 3-4% pa medical inflation rate increase remained after 5 yrs.

This post has been edited by MUM: Jan 17 2024, 11:31 AM

Ya that the million bucks question....

Finger crossed.... but then again, I'm already at high state cost group at 55... so it will be an upward trajectory premium... pretty sure.

I am curious...
this thread is "How to deal with medical insurance repricing?".

So how?
agents recommend ILP... DIY gurus recommend DIY with medical cards only and invest outside...

any other solutions beside be healthy?

Regarding this,...just for discussion, no right or wrong issues

Older people are more likely to make insurance claim and medical inflation is higher than cpi; it is unavoidable for premium to rise.

If average Joe could beat actuarial scientists, insurance companies won't pay them high celery.

This post has been edited by icemanfx: Jan 17 2024, 12:44 PM

I think very unlikely can prevent medical inflation. We can try to reduce the quantumof rate of increase...Some insurance sifus in insurance thread had suggested co-insurance or deductible plans

You are absolutely correct on the agent gain. However it was an open eye on my part as I requested the agent to check for it.

That period, health wise was having some issues and felt my policy limit is not adequate, hence when the offer came, I pick it up while waiting for upsell.

Lo and behold, few months right after consolidation just past the waiting period, I had a complications which recoup whatever I have paid last 8yrs ish of insurance premium.

Let's just say it's not an lottery/ROI that one should aim for when it come to insurance.

Be it the 3 separate policies or one consolidated it would have cover it. But having a single one now that technically cheaper ie higher coverage for same dollar, it's easier to manage.


This post has been edited by gamenoob: Jan 17 2024, 01:12 PM