Want to ask some experts here on getting a TYPE of insurance:

DOB 1988 - 24yrs now

Having my first job and I want to start saving now for my marriage, house and car etc. So my budget to start with is RM200-250. I don't smoke and I plan to get married within the next 3 years. Any recommendations? Should I include a medical card in the policy? Or just get an endowment plan? (low risk and higher rate than FD)

Why buy so much for PA and none for life and medical??

Premium for PA is cheap yes, but how can we be sure death will most like come from PA only?

Besides, medical disease like cancer and heart attack can be very deadly and also very very costly to treat.


As the main income earner, we need to have life and medical insurance, and the more you earn the more you should insure yourself.


If i dont claim, i consider myself lucky despite forking a portion to the premium as,i can go one to earn continuously year after year.

Premium is cheap when you are young, when you reach 40 it wil be much more expensive. above 45 might as well just keep your money for something else.

hmm... after searching the product, the coverage will be doubled but will be reduced back to the original coverage after 30 years or age 75. do check this.

for CI, i will suggest go for early stages protection. Products we used to have in the early days only cover CRITICAL stage (aka dying stage).

based on your budget, mnulife ins. can work out 125k life/tpd + 100k early stage CI + 100k critical stage CI with rm2k/year (premium levelled/same throughout the years). don't look at dividend for traditional protection plan. you will only get back max 75% of your total premium paid. Solely for protection.

---

Added on January 28, 2012, 10:05 am agree

---

Added on January 28, 2012, 10:06 am It all depends on our customers' needs and budget to work them out accordingly.

---

Added on January 28, 2012, 10:14 amagree with MNet. kimmokitz86, either upgrade your CI or get a new CI coverage that protect early stages CI. old plans cover CRITICAL stage (aka dying stage).

---

Added on January 28, 2012, 10:18 ammake sure it is worth investing on.

---

Added on January 28, 2012, 10:37 ammucklampir, you got a good deal here. premium: 4400, life: 200k, CI: 200k, pa: 200k, mc: 1Mil

now the trend is going towards no co-ins.
for higher than daily limit, it's all depending on ins companies themselves. some pay differences, some pay 10% and some 20%.
just check on the limit on the total number of days that can be hospitalized/ICU for a year. most comp only limit to 180/240days. Additional have to bear by the insured themselves. manulfe has no limit on the days but limited to the annual limit.

This post has been edited by cwsimonho: Jan 28 2012, 10:37 AM

Guys, let say i cancel my insurance policy.. How long does normally insurance company maintained my record in their database?

i don't think insurance company will delete the record. It will be there FOREVER.

insurance company holds the longest record on everything. Imagine U buy a policy now, U only die 40 years later,. thus record must be kept for at least 40 years. make sense.

better get a comprehensive investment linked plan first...

Get a link plan 1st - - - from your budget
Maybe you could start of with RM150 for the basic coverage with or without a medical card is depending
your current company does they cover your medical bills or not. If not you should include 1.
The balance RM100 you can include into additional saving into the link fund which will help you boost your cash value.

If you get an endowment plan, you can forget about getting married. As endowment mostly 1st & 2nd year is 0 cash value.
You need to tie up for about 10, 20, 30 years for it.

PM me please, im an assistant wealth planner with Prudential Assurance Malaysia Berhad..can PM my number 0172885788

Hi all,

What is the guide line (in ratio) of buying insurance against our income? Earn 5000... pay 500 for premium per month (10%)?

Currently, I have a few policies with not high coverage:
1) GEL whole life - 30k
2) GEL life + some medical protection, Death+TPD+CI - 40k
3) Prudential Investment link + med card + Death+TPD+CI - 50k
4) Prudential 10 year term, Death+TPD+CI - 100k
Total coverage about RM220k only (paying RM425 per month)

I also paying other policies for my family, about RM825 per month, thus, total spending RM1250 on premium every month.

Now, thinking of want to increase additional coverage...300k for Death/TPD with 150k CI, budget around RM200-300, possible?

Thanks.

This post has been edited by clickNsnap: Feb 23 2012, 10:48 PM

It is still possible with RM 200-300 for 300k for Death/TPD with 150k standard CI coverage.
But it won't cover early stages for critical illnesses (1st/2nd stages)

Yes . . . but depending on how old are you & what occupation you are in right now



This post has been edited by Colaboy: Feb 24 2012, 07:54 PM

currently none

but just now heard about CIMB Aviva Takaful Health Pro

is it okay?

Mind to explain "But it won't cover early stages for critical illnesses (1st/2nd stages)"... sorry, not very clear about insurance stuff.

---

Added on February 24, 2012, 11:18 pmNext birthday in March 42, male, no illness history, non-smoker, work in office (indoor). Thanks.

This post has been edited by clickNsnap: Feb 24 2012, 11:19 PM

Yes ,it is possible.

300K Death/TPD + 150K CI : approx RM 250

300K Death/TPD + 150K CI (With early payout benefit) : approx RM 300

300K Death/TPD + 150K CI (With early payout benefit) + payer waiver benefit TPD & C.I event : approx RM 330

For you case, with that amount you mostly need to do a medical check up

Hi all I really new to insurance. I hope veterans here can give me some advice
I am 26 yo, nonsmoker and never bought any insur before.

Recently i thinking to buy some medical insurance, and i was approached by prudential agent trying to sell me this PRUlink insurance ( i think this is some kind of investment-linked insurance?)

This covers CI, hospitalization, life and TPD too and there's also cash value. Well i am more into medical and maybe accident and TPD coverage, does this plan suits me? It's 200 per month.

Apart from that, what's difference between medical card and CI? This plan mentioned medical card, but it seems doesn't cover outpatient case, are other insurance the same? And what if i am hospitalised for non CI? I just wish to hear from others who might know about this plan from prudential, instead of just listening to that agent who seem quite eager to quickly close the deal.

Thanks.

This post has been edited by Colaboy: Feb 26 2012, 07:21 PM

have you check out other company? the coverage seems low. i have pm ed you.

---

Added on February 27, 2012, 11:02 amWhat are the coverage details? have you consider other companies besides Pru?

This post has been edited by cwsimonho: Feb 27 2012, 11:02 AM

How many insurance does a person need? what types of coverage and for how long? and most important is how much the premium is per month/per year?

I'm not an insurance agent but had been sweet talked to buy different plans and end up little WISER only

Why do you need insurance,first place?
It is to give you a monetary protection to those depend on you as a source of income should any 'SIAL' happen to you!
Never your objective to buy insurance is for INVESTMENT RETURN. It's SIOW to think that.
Why? The insurance company and agents will love you dearly for parking your money there and take those to invest so they can pay you the profit they made and you praise them after 30 years for giving you a sucker profit

Who depend on you for source of income if you're CACAT or MATIKUNGKAKIAW?
Either your papa,mama,sibling,children or wifu get the money to lessen their burden only
No other objective!

So what are the coverage that you need?
If you're always away from home and travel a lot buy more for Personal Accident;
If your neighbour or family member who smoke a lot PLUS you eat more outside food then home cook meal buy heavily on critical illnesses plan;
If you think our GOMEN hospital has been improved and upgrade then buy less for Medical Card

Never spend hefty sum for insurance premium that eat you alive and end up you go broke every month.

For myself, the insurance plan which I bought has no return at all. Yes not a single sen but the coverage is huge and attractive until I'm 70 years old. I'm not sure if I'm really can live that long but my kids will have grown up and able to fence for themselves. That's my purpose of buying insurance. Got em'

This post has been edited by TheNew: Feb 27 2012, 02:57 PM

I'm 35yrs old ~ smoker.

Currently 600k Life + 36 Critical Illness coverage + 500k Medical lifetime Limit (50k Annual limit) ~ 700/mth

Life only 700k (for Housing MRTA) ~ 400/mth

I opted for less medical, since my own company provides medical insurance of 50k Annual limit (500k Lifetime limit) so that i can claim both medical.

Planning to increase the protection gradually as my income grow in order to protect my family members in the future.

I'm opting for Protection more than investment here, cause I believe investment is better made through Unit Trusts, Stocks and other small biz investment.