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 How to deal with medical insurance repricing?

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porkchop
post Dec 9 2024, 10:55 PM

Lalala Life's Sweet
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Senior Member
6,633 posts

Joined: Jan 2003
From: www.kelvinchiew.com


just got the repricing for my parent. Just bought it 2 years ago, now gotten the letter for repricing and its 50% increase. Below screenshot top is the repricing letter, bottom is the quotation premium projection signed on day 1.

This is a standalone medical plan, maybe if we have bought ILP it could have cushioned the increase?

edit: oh sry add more info bought at age 58, now is age 60 until next Nov 2025 become (61)

user posted image

This post has been edited by porkchop: Dec 9 2024, 11:08 PM
porkchop
post Dec 9 2024, 11:07 PM

Lalala Life's Sweet
*******
Senior Member
6,633 posts

Joined: Jan 2003
From: www.kelvinchiew.com


QUOTE(MUM @ Dec 9 2024, 11:01 PM)
Mind asking, they are in what age grouping?
If now is 61, ...at almost 5k, the next age group of 62 maybe 8k liao.
*
oh sry add more info bought at age 58, now is age 60 until next Nov 2025 only become 61. But before this age, still below the RM6k range in initial projection, but somehow it already shoot straight up.

This post has been edited by porkchop: Dec 10 2024, 01:03 AM

 

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