Insurance Policy

[AhBui168]

Hi guys

Recently i bought an critical illness insurance...

Great Eastern Life - Critical Care Advantage - Secure your desired lifestyle with an early healthcare advantage

Had been paying around half a year liao.
but recently my career & financial income has some problem...
so insurance company has fail to deduction by giro bank account.
but currently i really can't afford to pay $100+ monthly now...

i would bought this, because my family has sickness transfer ''依传病''。

my agent has already told me that tomorrow is the last day of paying the premium, if not my policy will be lapsing.

so should i continue to pay the premium?
or just cancel it first, next time then buy again?

 

[Litmuss]

What is the hereditary illness/disease you having first?

Bare minimum need hospitalization plan.

 

[HWZ1973]

Apply for premium holiday...

 

[ramlee]

Next time buy again. Buy with SaF Aviva term. Value for marnee

 

[AhBui168]

What is the hereditary illness/disease you having first?

Bare minimum need hospitalization plan.

Currently i have 3 policy on my hand...

1. NS insurance
2. hospitalization
3. critical illness

 

[Sensible_]

Hi guys

Recently i bought an critical illness insurance...

Great Eastern Life - Critical Care Advantage - Secure your desired lifestyle with an early healthcare advantage

Had been paying around half a year liao.
but recently my career & financial income has some problem...
so insurance company has fail to deduction by giro bank account.
but currently i really can't afford to pay $100+ monthly now...

i would bought this, because my family has sickness transfer ''依传病''。

my agent has already told me that tomorrow is the last day of paying the premium, if not my policy will be lapsing.

so should i continue to pay the premium?
or just cancel it first, next time then buy again?

Firstly, are you sure your CI plan even covers your particular hereditary illness?

Don't pay for decades only to realise no payout.

And even if have, no point starving to death now. Get a good shield plan.

 

[sgt_hippo]

Firstly, are you sure your CI plan even covers your particular hereditary illness?

Don't pay for decades only to realise no payout.

And even if have, no point starving to death now. Get a good shield plan.

which compamies shield plan is bagus?

 

[AhBui168]

Firstly, are you sure your CI plan even covers your particular hereditary illness?

Don't pay for decades only to realise no payout.

And even if have, no point starving to death now. Get a good shield plan.

Currently i don't have any critical sickness...
just only skin problem...

but skin problem is not cover under CI right?
only thing i worry is about getting heart attack & diabetes.

 

[Sensible_]

which compamies shield plan is bagus?

I don't sell Shield plans so I'm not sure lol. Ask around la, agents will be more than happy to show you.

 

[AhBui168]

what should i do?

 

[wuweiz]

what should i do?

Cancel if ya really hard up.. Just keep shield plan as ur most basic protection for the time being bah..

 

[jeffprobst]

Apply for premium holiday...

ci where got premium holiday one.
anyhow only

 

[thesoftmint]

i also brought this but smaller sum assured
it's only a term policy so can lapse anytime
as long as u not contact any illness can apply again.

 

[AhBui168]

Cancel if ya really hard up.. Just keep shield plan as ur most basic protection for the time being bah..

if cancel it. they would name me as blacklist & next time would not accept my policy right?

 

[wuweiz]

if cancel it. they would name me as blacklist & next time would not accept my policy right?

Of course not lah.. U give them free money leh..

Term policy leh.. No cash value.. They can't wait to sell u again..

Edit: Blacklist only exists for those who keep claiming non-stop and dubious clinics..

 

[AhBui168]

i also brought this but smaller sum assured
it's only a term policy so can lapse anytime
as long as u not contact any illness can apply again.

how much is your sum assured & pay monthly premium?

so this insurance till 65 years old right?

i worry that, my family illness would transfer to me...

 

[AhBui168]

Of course not lah.. U give them free money leh..

Term policy leh.. No cash value.. They can't wait to sell u again..

Edit: Blacklist only exists for those who keep claiming non-stop and dubious clinics..

what is dubious clinics?
i thought only able to claim one time only?

 

[thesoftmint]

how much is your sum assured & pay monthly premium?

so this insurance till 65 years old right?

i worry that, my family illness would transfer to me...

mine cheap cheap 80k sum assured for around 40 a month
but only guaranteed that price for 10 years ,

 

[NightWish_]

feed stomach of course is more important...

 

[wuweiz]

what is dubious clinics?
i thought only able to claim one time only?

Other stuffs like accident claims lah.. Some clinics will just write as accident even if u just fever and those with accident policies can just claim if u request the doc....

There are a few out there blacklisted liaoz..

mine cheap cheap 80k sum assured for around 40 a month
but only guaranteed that price for 10 years ,

Normally CI charges on age band bah.. The older u r, the more u pay..