Anong insurance ang kinuha nyo?

[m_lim]

3M life + 3M Critical illness for a 32year old, 38k annual premium. nasa ganitong range na ba ang Term w/ Critical illness ngayon?

mahal narin pala. lalo na kung mga 20 years pa kailangan

[clueless_bride]

Thanks sis for your info, I am scheduled to go home next month so aayusin ko to at pupunta ng insurance mismo to verify. I don't want her to be removed from her job, mabait naman kasi, I guess dumiskarte lang siya ng ibang way para makakuha ng maraming clients. Gusto ko naman ituloy yung policy, I just want it to be valid and pwde ko ulitin na lang next month pag uwi ko ng pinas. Matanggalan ba siya ng license? kawawa naman kung mangyari yun

clueless_bride: Your policy is VOID. The fact that your policy says that it was "signed in the Philippines" yet you know that you signed it abroad is already falsification of documents.

You will not get any of the benefits. Zero, nada, none. However, by law, the insurance company is obligated to refund you in full.

That agent will most likely be removed. She knows her license limits her to sell insurance within the Philippines only. She is also putting your and your friends' futures by selling you those invalid insurance policies. To put it bluntly, linoko niya kayong lahat.

Please also warn your friends.

The one out I see here is if the insurance company themselves know that the policy was signed abroad and they accepted it. Go straight to the insurance company to find out.

[ikaela]

^Well, it's either you file the report and she risks losing her license, or you don't file the report and you risk your own life insurance coverage and the hard-earned money you paid for it. Your choice.

I read in the other thread that the agent also told you that wala na tanong-tanong ang insurance company after the 2-year contestability period. That only applies to policies that are valid. Your contract is void and invalid right from the start.

I believe you will be given the choice to either keep the policy or refund all your money. If you choose to keep it, the insurance company will then decide if they will accept and authenticate it. Just get it all in writing.

Good luck with sorting things out!

[clueless_bride]

Thanks Ikaela. I don't have any other choice but to report it kasi how can they sort it out kung di ko irereport diba? Pero sana wag na lang maalisan ng license si FA. Kahit mareprimand na lang siya or warning na lang. I really want to keep the policy naman, I just hope they accept it and make it valid so I can continue paying. Haaaay! ok na din na nakaka one year pa lang kami ng payment when I learned about it kesa natapos na kami ng bayad tapos void pala 

^Well, it's either you file the report and she risks losing her license, or you don't file the report and you risk your own life insurance coverage and the hard-earned money you paid for it. Your choice.

I read in the other thread that the agent also told you that wala na tanong-tanong ang insurance company after the 2-year contestability period. That only applies to policies that are valid. Your contract is void and invalid right from the start.

I believe you will be given the choice to either keep the policy or refund all your money. If you choose to keep it, the insurance company will then decide if they will accept and authenticate it. Just get it all in writing.

Good luck with sorting things out!

[dada08]

Death:

- Made use of the free life insurance that comes with our BPI Direct Save-Up accounts by placing 1/3 of our emergency fund

Hi! Since BPI Direct sya, online ka nag apply? May certificate din? Got Pamana savings x5 ADB lang po ...

[ikaela]

^^It was online if I remember correctly. It was more than 5 years ago na. It came with an info card, which serves as proof of insurance coverage. Why did you choose the Pamana account over the Direct Save-Up account?

[dada08]

^ much OK for me yung with passbook. A bit hesitant din kasi before sa BPI Direct, info card lang... I was thinking, where and how to claim (if ever).

It used to be Get Started account, naging Pamana Savings na.

May I ask if it also has a contestability period?

Upon checking BPI Direct's site, available lang siya sa mga with Time deposit account 😮

[ikaela]

Yes, the BPI Direct Save-Up insurance coverage has a 1-year contestability period.

Ang dami na palang changes. Wala na pala yung Get Started, naging Pamana na. As for Save-Up, maybe only the online application is open to time deposit holders? Because it says in the BPI website that you can still open an account "at a branch near you."

I'm glad then that I opened my account years ago.

[gypske]

mga sis okay ba kuhanan ng insurance ang newly born baby?
If yes, what rider/s can you suggest?

Also, pwede ba na ang kukuha at magbabayad ng policy is not the parents but tita/tito?

TIA!

[dada08]

^^ do you think it's okay for me to retain the Get started savings and just open a new account ~ Save Up for hubby?

Mas okay interest rate ni BPI Direct (.500%) compared to BPI (.250%) lang. Sayang din. 😀😀😀

[D4thAngel]

@gypske, an insurance for a child intended for her education is okay. you may consider adding critical illness as a rider (if the insured person is located within Phils) but also please don't forget payor's clause- in the event something happens to the payor, the whole plan is paid.

yes, tito/ tita can pay for the policy.

[sublime1]

Got one from InsularLife. Go the Equity Life Insurance. Any feedbacks sa insular life mga sis?

[rei_chan]

Hi guys. Im planning to get an insurance. Just want to ask your POV on the below plan if which one is better. 

Manulife Horizons (34k/yr)

Face Amount = 500k (200% of FA or Acct Value will be received by beneficiaries if i remember it right)
Accidental DB = 1M
CIB = 500k (60 Critical Illness listed)

**planning to interchange Accidental DB and CIB if possible

Sunlife Maxilink (35k/yr)
Face Amount = 500k
Accidental DB = 500k
CIB = 1M (36 Critical Illness listed)
with Hospital Income Benefit of 1,500/day

anong tingin nyo mga sis? kung kayo, anong kukunin nyong insurance? im torn what to get kasi one of the insurance agent is a friend.

[caramelli]

Got pru life's exact protect 10. Any feedback sisses? Tanong ko na rin pala kung pwede ko istop yung payment ko dito and kung sakali ba may makukuha akong cash surrender value man lang? 2 yrs na rin yung account ko. Tia!

[onlytechgirl]

sis rei_chan - if i would to choose parang mas ok yun coverage ng sunlife with a difference of 1k per year meron ka na hospital income benefits, though 60 naman yun listed ng critical ng manulife but i think mas malapit sa katotohanan mangyari yun offer ni sunlife. i'm insurance agent din pero sa Pru life,and sometimes i usually offer sa client kahit yun first 15 critical illness (listed most) since meron din kasi effect sa premium yun.

[Tea97]

@clueless_bride - We have insurance from Pinas na valid, kahit na ang current residence namin is overseas. They also send our premium notice/s to our overseas address. Their head is aware we are based overseas. What made you think that your insurance is not valid?

I may be missing something here -- when you executed the insurance agreement - and you signed it in the Philippines, then you also put in the PH city for the place of signature ('...executed in the city of Makati on xx May 2016th...). Prior to the insurance agreement being executed, meron mga questionnaire na iffill-out, tungkol sa home address, family, health history, etc. If you declared what is true, to the best of your knowledge, I don't see why an insurance agreement will be invalid just because you are based outside of PH. Otherwise, that means everyone who has acquired an insurance in the PH and who moved out afterwards for work reasons, hold an invalid insurance policy.

[D4thAngel]

Insurance is valid as long as it is signed in Philippines or within Philippine territory. If signed abroad, dapat napa-authenticate sa embassy. Reason - sa Phils lang po valid ang license ni Financial Advisor.

[miraclefaith523]

I got Generali Pilipinas, now BDO Assurance i think.

[clueless_bride]

@Tea97 sis I did not sign in PH. I signed the policy abroad. Like what sis D4thAngel said, any policy signed outside of the PH is void kasi the agents are not allowed to sell outside of the PH dahil ang license nila ay within PH. Anyway nasort out na namin yung issue when we went home to Philippines early this month. Naregularize na yung docs so ok na siya.

[Shopaholic_Gurl]

Mga sis anong ok na insurance if you live outside PH?  Yong insurance+investment? Any idea thanks.