Hey to all insurance agent in this post:)

Me myself is an insurance agent too:) from Great Eastern

I appreciated the PMs, but thank you

And the purpose I do this post is to know more different thinking towards insurance:)

So no worry I wont PM you guys to sell insurance

tis is a very interesting thread.

Almeizer. I am a manulife agent..wat do u wanna compare?

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Added on October 21, 2010, 7:31 pmnewbie...just wondering r u really sure....
PA = anything to do with an accident only can claim....so u got a TPD that is over 1mil i hope to be able to cover everything.

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Added on October 21, 2010, 7:36 pmGood one Jerry.

I'm with Manulife

I got a Maxshield Plus + IPB

Life/TPD: 200k (20 years time become 400k)
CI: 180k (20 years time become 380k)
MediCard: 300 (No Co Ins)
Annual Limit: 240k
Lifetime: 600k
Outpatience: 100k

Cash Value: 0 by the time i'm 50...n that's 19 years more

i'm paying only RM300 a month

tis shows to prove that v can customize a policy to fit the needs of the client. to me it's either cash value (den might s well get a savings plan) or protection (den y bother about cash if it's for protection.)


This post has been edited by coolpajames: Oct 21 2010, 07:36 PM

Nope, it's offer for Streamyx user. I subscribe for my parents also, 200k protection and pay 28 monthly.


PM'ed you.

This post has been edited by almeizer: Oct 21 2010, 08:04 PM

owh no wonder, another kind of distribution haha

Investment linked better or pure insurance policy?

haha:)
I always like to answer this quetion to my client

If claim earlier, Investment linked will be fantastic
low premium high sum assured
Eg: 30 y/o male non smoker

RM100/m(RM1200/Y) can get RM100,000 critical illness protection, with a non guaranteed return(investment) of around break even(24000+/-) on year 18 - 20

if claim later or no claim, traditional is fantastic
Moderate premium moderate sum assured with Higher cash value and INCREASING protection

Eg: 30y/o male non smoker

RM3430/Y to get RM100,000 critical illness sum assured

cash value on year 20 = 96000(premium paid 68600)
Cash value on year 30 = 198000(premium paid 102900)
protection on year 20 = 220000

It actually like renting(InvestmentLinked) a house or buying a house(traditional), buying a house you'll get asset!

depend on your budget:)
high then 100% on traditional
mid then MIXed
low than Investment link

jerry

This post has been edited by JerryTeh: Oct 22 2010, 07:35 PM

Really depends...and Jerry has answered it well.

to me investment linked insurance are fun to customised...imagine a see saw...1 side is protection n the other savings...which do you want higher??? ur choice of either 1 is more the other is less.

term...to me it's just a sure value no matter when it happens

depend on your purpose.
the answer might be different from one person to another.

Investment link = protection + saving + investment
traditional policy = protection + saving

prudential

i mau tanya u

1. wat different between PRU health and PruBSN Takaful health ? Pros and cons?

2. Do u hv any plan that can earn money? i don't want buy unit trust.

Currently, I had 5 HLA insurance policy. As I'm an HLA Agent.

The first of course the life protection with critical illness, medical card, PA, CPA and etc.

2nd policy- A retirement plan, to better future and retirement.
3rd policy- short term saving plan- Cash Builder
4th Policy- short term saving plan- Cash builder
5th policy- short term saving plan- HLA Wealth Builder


No Insurance No Life~

wat different between Cash Builder and HLA Wealth Builder ?

500x12x20= 120k

If not mistaken, the HLA wealth builder pay 6 years only.

So it is 500 x 12 x 6 = 36k.

But after 20 years get back 72k is guaranteed?

he's a fortune teller
he knows if something unfortunate happens to him it would be from a result of an accident
so yes he has covered all his liabilities or rather risks...

Almeizer,

1stly...sorry i just got back from a seminar, i'll revert to u soonest k?

to answer the question...no...not all are guaranteed. would really need to c the plan...from Manulife there's a premier saver which u pay for 5 years and at the end of 20 years u do get back a lot of money...
y i say that...

Sample k for RM500 a month budget, u get a life protection (death and TPD) (face value) of RM17,685

1. when u pay up front the entire premium of 5 years (RM500 X 12 = RM6k X 5 = 30k) after each annual deduction of ur premium the company will give u 4.5% on the remaining balance.
2. from year 1 the policy will pay u a % of the face amount; 3%, 3.5% & 4%
aka

1st 5 year = u r GUARANTEED 531
2nd 5 years = 619
last 10 years = 707

3. at the same time your cash value is still appreciating at an average or 5% (take the Bank Negara SOP on all insurance company's sales illustration of between 4-6%)
where at the end of 20 years u get back 60,488

now to total up...

the guaranteed cash = 12,820
policy maturity = 60,488
= RM73,308

4. the Guaranteed cash...when u leave it with the company u get another 4.5% from it.

*** u can count the 4.5% COMPOUNDING interest given out to u...aka u r getting almost 80k? correct me if my estimation is wrong k

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Added on October 24, 2010, 7:52 pmi'm going to say it in a simpler manner...do read this with an open mind k...

it's like comparing an Apple to another Apple...it's just different shape but same taste same texture same smell same everything just different shape. both are also saving plans aka wealth builders...

yet the main difference would b the tenure that you would need to pay premium and the returns you get when the policy matures.

guys pls provide info on these 2 plans so that v know

thanks



This post has been edited by coolpajames: Oct 24 2010, 07:52 PM

which 1 give max earning

1. PRUhealth if you attached to PRUlink plan. Takaful Health if you attached to PruBSN Takafulink.
In term of benefit, the plan is exactly the same.
In term of claim process, I don't see any different. Both very good in processing claim.
The major different is between List of Panel Hospital.
As example, Takaful Health has Prince Court, KPJ Selangor (Shah Alam), Hospital Pusrawi in the list while PRUhealth don't have.
While PRUhealth has Sime Darby Specialist Centre Megah, Tropicana Medical Center and Tung Shin in the list while Takaful Health don't have.

2. Not really sure what do you mean. Do you mean endowment plan? We have PRUcash, PRUcash premier and PRUcash double reward.

Allianz Powerlink

Sum Assured 180k
Critical Illness 180k
Personal Accident 180k

Medical Card Room and Board up to RM300 , 100k annual limit, 1 million lifetime limit

25 year old, male, smoker, RM250 a month

I think u should read the thread more properly. I bought it to stop my friend from bugging me further. For your info, I have 200k cash for emergency use, and another 2m liquid asset to cover my liabilities (for 3 persons). Dont u think that's enough?

2m liquid asset which is creditor proof?
That's good!