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How to deal with medical insurance repricing?
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Midoriyaki
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 Jan 29 2024, 10:02 PM
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New Member
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QUOTE(gedebe @ Jan 29 2024, 02:48 AM) Is there a insurance company in M'sia that has the least increase in the past 10 years. This is for ILP medical policy. If we could poll the data from internet users for their medical insurance premium hike for the past few years then we could present it as a comparison table. This will be a valuable info especially for people that is shopping for one Sharing with you the insurance charges for an ILP underwritten by AIA, for reference   |
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Midoriyaki
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Jan 30 2024, 05:55 AM
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New Member
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QUOTE(gedebe @ Jan 30 2024, 02:36 AM) you mind elaborate a bit, the y axis represent what value? y-axis the the insurance charges in unit RM, each horizontal gridlines +RM10. My bad! i didnt realise the axis value is chopped off there!  |
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Midoriyaki
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Jan 30 2024, 08:24 PM
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New Member
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QUOTE(MUM @ Jan 30 2024, 07:44 AM) Mind asking, ... That chart shows the projection rate or actual raised rate? That chart is just applicable for a certain age group of entry or is applicable for all age of entry too? these were the actual insurance charges extracted from the AIA's portal, extracted since the inception of the policy, around end Nov 2018.. not sure if the information is available for other insurance providers though. the increase some time in November 2023 shown in the chart, is when the provider called, send letter, and notifications in app to request for an increase in premium payment (these was discussed briefly in the forum if i remember correctly!  ) Could not comment further on the applicability of the chart for age group/ profession etc sorry! because i only have one data points here |
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