Hie suknat,

what at the age of 27, you have yet to get yourself an insurance plan?

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Added on January 4, 2012, 3:11 amI would say you need a comprehensive protection plan for a start.
with RM 1800/year that's the usual bargain you'll get.

I am from Prudential and the protection which we have got is very flexible. I say this is because, I'm unsure if AIA do offers such.

Eg: with budget of RM 1800/year - you could opt for higher Life & CI coverage and the basic low Medical Card attached to it.

Prudential have got up to 30+ add-ons to your basic Life coverage. It all depends on our customers' needs and budget to work them out accordingly.

Hope this helps and you could made up your mind fast.



This post has been edited by MadameD: Jan 4 2012, 03:11 AM

standard tactics for fishing of sales and Prudential is No.1, the rest are BS. Don't you guys get tired repeating the same old story?

The starting point of buying any insurance is to look how much can you pay per month / how much can you pay per year.

Many people makes the mistake of listening to agent budgets, not your budget. If you can afford only RM100 a month, then go and find insurance that tailors a RM100 budget for you. You may not get all the benefits listed, but you will have at least cover.

If you can't afford it, you can't afford it. Don't be scared by the agents into buying something that is over your budget. Yes, many have been swayed by the scare tactic line of a lot of agents, only to lapse after they couldn't afford the premium. It is what it is.

Lastly, any agent that come to you and say for this sum of money you can get bla bla bla instead of asking you questions like whats your budget and all are those you do need to avoid.

a few packages inclusive of ilp and traditional plans(prud + GE) sum up:

medi card: 150k/1.5m
life: 633k
ci: 550k
pa: 360k

looking to cover more pa after few more years.

GE: better life time coverage on medicard vs prud... most of my plan of GE on the traditional.
PRUD: medicard paying upfront when admit hospital. but fast response on claim.

This post has been edited by raul: Jan 4 2012, 04:58 PM

Hi, I'm 26 y/o, non smoker.

I just surrender my GE premium for 6 yrs.

Monthly: RM 150
With medical card + investment link.
critical illness : RM 16,000 (too little)
PA: RM 30,000.

I change to buy AIA.

Yearly: RM 2,668
Sum: RM 80,000
Annual: RM 90,000
Life: no limit.
Room: RM 150
With cash value.

Any comment?

AIA have lot of limitation.
U can only claim up to 80k for outpatient kidney treatment and 112.5k for cancer treatment.
Do take notes its LIFETIME limit not annually limit.
http://static.lowyat.net/uploads/attach-75...-1325497282.jpg

U better upgrade the GE policy.

I used to top up pure RM100,000 for 36illness. My total premium cost RM 4,100 pa. Therefore, I change. Btw I already surrender, I don't think can upgrade.

Its not CI matter.
U only can claim CI when u diagnosed with cancer stage 3 and both kidney malfunction.

Its medical card matter coz majority of people is not fall into the cancer stage 3 and both kidney malfunction category.
U can only claim limited amount of $$ to treat the cancer and dialysis.
Once u used up then u need to fork out own $$

Hi,

I'm 24, female, non smoker.

I got an insurance with MCIS and my monthly premium is rm 1500.00 for 10 years. I forget the name of the plan, but not too sure wheather it is better than any other insurances out there.

1 yr premium 18k?

wanna ask sifu here..

I've taken different insurans protection from different insurans company that cover me:

medical card ING - 110k annual/330k lifetime auto renewal 85yrs
PA kurnia - 200k
life/CI MAA - 200k for 20 years

i bought them all 5 years back. Total was around rm1800 annually for all but started last year due to next age level for medical card, now annual total is around rm2200. So now thinking of to buy all of them under 1 package. Reason being:

medical card - lifetime 300k enough considering many years to go and inflation? Want to lock the annual premium also
cI/life - can claim 1 time only meaning if already claim for CI then no more for life. I need to cover both separately. And it only cover me for the next 15 years. My 1st child only 8 months old.

I feel like only investment link can fullfill that requirement. i've approached 1 agent insurans company and for nearly the same coverage but plus medical lifetime 1000k and CI/life is covered separately for each until 60yrs(i'm 31 btw), i need to pay twice of my current premium. So what do u guys think?

This post has been edited by mucklampir: Jan 26 2012, 04:48 AM

Yupp.. It comes with return investment.

i thought most medical card also need to pay 10% upfront but maximum 1k. Exception is ING need to pay rm50 only. For GE i heard if room higher than day limit then need to 'fine' with 20% copayment of total bill. Whereas for prudential just need to topup the room bill difference only. ING also need topup difference onli.

Hope somebody can comment...

DOB: May 1985
Smoker: Non Smoker

Plan to purchase an insurance but confused with traditional insurance and investment linked insurance.

Requirement:
Covers LIfe/TPD, CI, Hospitalization and PA. Priority the Hospitalization and CI.

Budget:
RM 150 - 200 monthly.

Thanks.
Please approach me or send a quotation to me.

This post has been edited by Peter_APIIT: Jan 26 2012, 05:13 PM

Allianz ILP no need to pay the co-insurance.
if u upgrade the room and board, then u need to pay 20% of the bill. Maximum rm1000

Any comments? Actually I find my insurance commitment is a bit high.


1) Great Eastern - life insurance 50k with 24 critical illness (yearly premium ~RM1k)

2) Prudential investment link (yearly premium ~RM3400)
- death benefit 50k
- crisis cover 50k
- Hospital daily R&B 200
Overall yearly limit 75k
Lifetime limit 750k

3) Prudential retirement plan - yearly premium ~RM4800 (maturity in 10 years)
- death benefit 57k

No.1 & No.2, depending on your age, your agent may or may not be shot.

No.3 is definitely rubbish.

May I know why #3 does not make sense? Please share.

1) better returns in other instruments, henceforth you lose in terms of opportunity cost.
2) why lock your retirement money ? (insurance is very inflexible when it comes to withdrawing money)
3) can you survive on that measly sum of annual / bi-annual/ tri-annual cash coupon that the pay to you? (compare your current salary to it, your current salary dictate your lifestyle)
4) there is a cost involving the 57k coverage, therefore your 4800 'savings' is not 100% saved unlike in a bank.
5) the promised x% return is based on the sum assured, not on the money saved.
6) plans like these never match inflation.

its your retirement money, what's it doing with an insurance company?