aia

but the existing policy benefit didnt inflate.

Really? My ilp also wanna to raise premium, but I refuse to top up, just maintain existing premium. So the investment part probably shrink to nothing.

Life Insurance right?

it shows you never read the "love letters" your insurance company is sending you

My insurance cover with AIA is also 20 years now, last time the cover promise me cover until 100 years. But now, a few love letters came stating that "according to the current premium you're paying, your insurance cover is project to cover you until 70 years old)

which insurance company you using? kons mentioned his AIA never increase...

Apparently kons insurance company forgot to study about inflation

my AIA insurance premium also never increase for almost 20 years (cover since 2007). But 100 years old coverage has been cut short to 70 years old unless I "top-up"

My mother's case the same, prudential promise coverage until 70 years old. But few week ago suddenly a love letter came stating "your insurance coverage will lapse next month unless you top up". She's just 67 with 3 more promised years to go

Allianz, the best medical card I surveyed. Every year burn money for nothing

From the way banks tried to hardsell all these, already known it is a scam lah. Everyone saying China investments very rosy, etc.

Who could predict the future today? But if you were not like a herd type person only you can see what happening now.

Actually this insurance is like a triangle lo

Premium (monthly payment)
Years of Coverage
Covered value

U pick 2 lo. Cause of medical inflation everything becomes costly. So if u don't top up then years of coverage OR covered value becomes less je. Usually in this case years of coverage will be shortened lo.

If you want to keep the same years of coverage and covered value, then premium naik lo. Sometimes those investment linked insurance can cover the premium naik but if premium naik too much then still kena top up.

bets C180 converted C43 or C300 bodykit

damn... they can reduce like that?

Yea that could be possible if he missed the letters.

Or perhaps he was talking about life insurance.

Wait kons verify

just park in S&p 500

yes they can, it is all written in the t&c. The problem here is alot of insurance agents do not want to tell you upfront all these t&c otherwise it will make people think twice about signing up. This is one of the very bad practice in malaysia. I feel like insurance agents should educate the client on why insurance premiums increase and why you should still subscribe by showing the facts and figures, instead of hiding stuff shadily like this

Insurance saving/investment plan has one of the worst net return la.
Most only give an effective compound return of 2.5% p.a, same as FD, but they will locked your money for decades.
Better just put it in EPF

life/tpd
medical card
multi stage crit care
and some nonsense stuff

They don't force people one. They very good let you have a "freedom" to choose whether agree to increase the premium or not.

If you don't agree, they will either
1) reduce the coverage period or
2) reduce the coverage amount/benefits.

It's not a scam....just a bad product....yhoytb for buying

As said above already, if you want insurance, then just buy insurance.

And the only 2 you need are term life and surgical/hospital....and make sure you can max your tax relief.

Forget even whole life ...if you die at 80 why need to give money to your children?