Every product in the market is a good product. The most important thing is , does it suit your needs and budget. Do you understand what the product covers and otherwise. There is always a cooling off period of 2weeks or so. Get the agent to go thru thoroughly and get things clarify. One can always ask for a refund if it is found that the product does not suit you, as long as you do it within the cooling off period.

Do not spend too much time in comparing the premium as no two products are similar, and premium is not guaranteed, can go up as and when .

In need of some advice.

I have 2 insurance tie to GE

1. Traditional life insurance worth 50k ( TPD + 36 critical illness)
2. Investment link protection worth 110k  (36 critical illness + medicard)

Is it sufficient honestly? is there any better deal out there? please advice

dear all,

currently im searching protection medical card,critical illness, TPD.
could somebody propose for me what policy i should take?
by the way, my age is 25.

How much to leave behind?

2 schools of thought - Adjustment and Maintain

1. Adjustment - Death benefits not high. The idea is for your spouse or family to have money to tide them over as they adjust to not having you around for part of the income.

2. Maintain - High Death Benefits - So your family does not have to worry about not having you around.

My Experience

High Death Benefits = Not enough money for other riders and benefits, eg medical card. To be expected, since you can't expect someone with salary of RM1500 to pay more than RM200 a month just for insurance. Even with a good separate medical insurance, even family benefits can sometime cost the guy a months salary. So his monthly income goes down to Rm1375. P.A? EPF? Makan? Motor?

So most of the time, adjust the death benefit to be enough for adjustment, not maintaining lifestyle.

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Added on March 27, 2010, 10:35 am

You are lucky they found it so quick. My client was unfortunate enough to not find it that quick, and the bill cost RM15k.

I believe the Traditional life is The Supreme Living Care series which covers Life/TPD/Critical Illness - Policy will pay 50K whichever comes 1st. The premium shall be around RM3K +/-

The ILP also covers Life/TPD/Critical Illness - Policy will pay 110K whichever comes 1st + a medical card. The premium shall be around RM2.4K.

Just my thoughts. Correct me if i'm wrong

is great eastern good? im planning to get ILP with great eastern, but my option is still open.

1. I have AIA MC - the insurance agent was very experienced (20 years in the business, etc). He explained when applying that there is 1 month 'waiting period' for accident and 4 months for serious/major illness. Other than that, nothing. Probably have to pay first like any other medical card...I haven't heard of medical cards where u dun have to pay anything at all.

btw, I heard Great Eastern medical card only takes 1 hour to approve if you need to be admitted into the hospital. Is this true?

I am thinking on what would happen when I go into a hospital. Sure, co-insurance only 10%, but be honest, who amongst us have the ability to spend RM1000 when you are discharged from the hospital? Wouldn't it be better not paying anything at all when you are discharged? The HB riders are not going to help you there, because the cheque arrives about 1 month AFTER you are discharged.

There is no bright side about the NCB. Have you compared the charged of PMM5 vs PruHealth? Have you looked at how much the premiums are? Premiums go up bro, but three upgrades in a year? One astute customer when I was presenting the charges commented, "So I pay you extra 10 ringgit a month to get this NCB? It means I pay you extra RM120 a year and you are only giving me back RM100? You untung RM20 lar."

do government servant need to have medical coverage? they entitled to get free medical at government hospital right

What policy will be the best for this customer requirement :

1) Budget : RM 100 per month
2) he wants a renewal policy up to 100 years
3) he want a fix premium fees without fluctuating cost when he get age.
4) No Co - insurance or maybe like AIA which have a minimum before Co.
5) Covers Dialysis and other treatments after discharge. no limit is better.
6) no annual limit
7) got hospital allowance
8) guardian fees and children nursing fees provided.
9) doctor visiting fees absorbed by insurance without limit.
10)no need to pay RM 50 for medical report by client
11)evac from overseas.
seems like impossible policy...

what is the best option for a baby and parents who are not covered with H&S . Parents already have life policy

1) buy H&S standalone + life policy with 33 critical illness. (not a linked policy) ( for baby only) Parents buy their own.

2) buy H&S linked with  life policy  + 33 critical illness (as riders)

3) buy a H&S Family plan (husband + wife + children included )  and  buy a separate life policy with 33 critical illness for baby only

4) buy a male or female + baby H&S policy and a life policy with 33 critical illness for baby.
I know some agents wants parent to take up family plan or even the investment linked for their commission purpose. I afraid to pay more for my child since usually child premium is not as high as adult.
Will buying a separate plan for them will save cost?
Whats the pro and cons?

Avoidable or not, is not something under your control.  Go do a check on a regular private hospital let say during a pandemic, maybe at the children ward, you will be amazed what room categories are left... 

So, unless your client has chosen the max room&board plan, otherwise please tell your client AXA is not totally free from co-insurance, tat's the point i want to emphasize.

HHalphaomega , thanks to you for sharing such detail. I take my time to look for the best for my child as once i sign the paper , i have to commit till the end.

i think many agents out there failed to create a checklist to identify the needs before they proposing a schedule or quote which fail to explain a lot of things.
this help im getting here really an eye opener now.

now have understood alot of jargons and insurance language which were once like a south somalia accent to me... haha.

will take a break and than comeback with more questions and comparison before i pick the right one.

No one says co-insurance is a bad thing in the industry, it has its reasons why it should exists.  I'm just questioning the likes of ppl claiming certain policies are 'co-insurance' free when it is not entirely true.  Have a good read again what I posted. Cheers

"they should market it with integrity."
This should be the way! 

It looks the same as how the other ILPs from other company is running , only difference is the skeleton where Pru split it into 3 accounts.  Thanks for sharing.

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Added on May 23, 2010, 9:59 amIm not going to hang around and make defensive statement next. so don't need to attack or whatsover. just reply on the policy , consumer rights and the holistic approach in the insurance claims. im not interested to troll around on the same issue . thank you.

HH,

Yes you did shed some lights for people who know nuts about buying insurance policy. Coming out and confront the fear is not easy as it takes lots of courage to undo the complexity and simplify it - Edward De Bono.

Been a salesman at the age of 18, i know what we cannot tell to the client as it will jeorpadized most of the closing sales strategy. Most Sales books that talks about Closing a Sales share one thing in common. Principle No 1 - Never over do or Talk more than it's needed.
Y? the more you talk about it, you might as well don't work in the sales line and be a monk in the temple already preaching the truth. That's the reason y most Insurance company website or any multinational website would not want to have a Forum in their website...haha..except for a few companies lah .

the Main Question we should ask is How to avoid buying  Insurance that you won't get claim or get the peace of mind?

As for now, i am now getting some picture of how certain people able to claim and some cannot due to the history of the diseases in the family. IF everyone would be honest to tell the insurance company that their family had cancer or heart stroke, i wonder if the insurance company will still accept this application?

It will be great to learn more things about the disease people had while they had insurance coverage. what was the common one that attacks the lifestyle of the person . How many people actually care of all this and how many agents out there driving mercedes benz or BMW actually gives you the record for free. Mostly they will invite you to their office . I would love to see more info disseminate in the blog or website of the insurance company. I didn't survey it yet but will try soon.

I think a level of understanding had been achieved. This conversation reminds me of the movie call District 9 when human making assumption of the ALIEN purposes and needs. What a moron if human never put their shoe in the Alien shoe to find out more about them instead of feeding them with Can of Cat foods when they can also be fed on other meat like OX meat. A level of Communication brokedown thus making more stress to those who had paid for the policy and will die even faster than thought later.

Thank you HH. time to invade the Mothership for information. You can't get enough info just by reading and meeting agents out there or even email. we need to be invited to learn more about insurance policy in their conducted classes and even than we know what we get and what we don't.

hmm...she sumore show us the other companies medical card terms and conditions saying u see this comp requires u to pay 10% lah.. that comp requires to pay min amount... this and that..

she's nt specific to GE... She's a financial planner so she says she can represent many insurance company wor.. i also dun quite like her service because i feel like kena cheated from her..

U know i previously bought this etiqa insurance way back 2 years ago.. then she told me.. u have to buy female insurance.. that etiqa dun cover much 1... then she go and add rider into the policy say want to buy female geh insurance..  now i think back why i sooo stupid jz kena brainwash from her..

my etiqa covers me 100k ... sumore monthly oni rm24... yearly i oni pay rm265... bt then this money cant be taken back lah consider burnt if i dont claim.. by far i feel that its quite good lor..

i will hav to download the illustration that she said she have sent me..

dun worry i will post it up here tomorrow when i've read it tonite..

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Added on August 19, 2010, 3:32 pm
i am going to cancel the GE policy because i hated dealing with her..

u know i initially said i want to pay yearly mah .. i didnt know that the blardy medical report is going to take so long.. she did inform me that she will need to get the reports from the doctor.. fine.. should it even extend to more then 1 month in getting that simple report from the doctors???!!!

then suddenly payment came bt then still i havent sign the confirmed policy (which says which items are excluded for me) reason being is because the doctors havent give the medical report yet.. therefore underwriters cannot do the underwriting therefore the policy havent come out yet.. WTF!!...

then i was so freaking angry why it took more then 1 month to get the simple report.. so out of curiosity and anger, i called my friend.. she helped me ask her agent..

her agent say WHY THAT LADY didnt advice me to pay monthly 1st.. if lets say i dont want the policy then at least i jz need to pay that 1 month oni which is oni at rm358 instead of paying rm4300 without knowing exctly what they exclude me...
of course i angry lor cause i didnt know earlier mah...

Anyone know which insurance company got offer stand alone Critical Illness plan?

So far I know are from :

1) HLA (exclusively offer for HLB customer as the telemarketer claimed)

2) MSIG (not all 36 CI, just few that most common - bancassurance by Standard chartered).
- Premium annually and it's consider cheap.

[attachmentid=1736143]

This is what she have quoted me..

It says The investment strategy that i have selected is 7 my choiced investor profile, investment horizon is 74 years..

hey.. somebody has actually given me this proposal jz wanted to ask all of ur opinion is this the same as other insurance companies ar...

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Added on August 24, 2010, 5:09 pmjz want to ask the cancer benefits for other companies... do they also exclude the same as per the attachments?

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Added on August 24, 2010, 5:23 pmthe person say 1 of the advantage of this insurance is that the 36critical illness when u claim, it wont affect the life assured sum ..

like say life - 150k
36illness - 150k

if u claim 36illness RM50k then oni the 36illness is reduced to 100k as remaining...

the life assured is still at 150k..

bt then the weird thing about this plan is tht the basic plan (Which is the life plan) will expire or will be no longer valid when i reach age55 years.

however the medical card, 36illness will continue till im 81 / 100 years old.. bt then the medical card and 36illness
is oni riders..

my question here is if the basic plan already expire can the riders continue to be active adn cover me sumore?...

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Added on August 24, 2010, 5:27 pm1 more last question.

lets say the assured is confirmed got 1 of the 36illness so the insurance company will pay rm150k .. how will the waiver work in that case ar?..

the waiver will continue to pay until the policy reaches maturity which is say at 55 years or will it oni pay for another 1 more year then if u cant pay it will lapse already?...

Hope somebody here can answer my question.

I went for a check up on my severe headache and found out it related to my sinusitis, which doctor assume there is fluid accumulation in the forehead. He advised me to get a CT scan before he can diagnose me on what treatment I should undergo, medication or light operation.

Now, I doesn't have any medical policies with me as I just started working, I'm now looking at one company but there stated that:

Specified Illness occurring within the first 120 days of insurance of the Insured Person: (having sinuses in the list)

My question is, lets say I get this policy now, and I go for CT scan after 120 days, if doctor advise me to go for an operation, is my operation fees or even the CT scan claimable?