Jerry Tan, since your GE agent can I ask you something?

I found a credit card giving 2% and 3% rebate on GE insurance. Link here
http://www.ocbccards.com.my/gePlatinum.aspx

But in the faq it says by "You must sign up for the Great Eastern Easi-Pay Service for your Great Eastern Insurance in order to enjoy the Insurance Premium Rebate". So is it all GE insurance entitled to the rebate or only a portion?

My view for insurance is mainly for investment. If you cant get good return for insurance, you can consider REITs stocks. Insurance with high death coverage normally give very low to no return.

I always think that, getting good returns is better then anything else. Why?

People keep on getting insurance for safety reason, but a lot of them never think that what if they survive and they cant afford to pay and have to surrender for lower cash value. The probability of defaulting payment is much higher then the mortality rate which is about 0.001% per year.

If you get good return investment, those assets can also be given to your love one next time. And they continue to enjoy the high return. People don't necessary need to buy death coverage insurance so their love one can get one lump sum of money, and after that what they gonna do with the money?

What I am trying to say that, getting good returns investment is the best of both world (aim for survival). Buy too much insurance then if cannot die also no point (sry just jk).

Agree with you, I also bought endowment insurance for its return and tax rebate. Win Win situation. Btw FYI, Additional 1000 tax rebate for this 2010 onwards

Premium on new annuity scheme or additional premium paid on existing annuity scheme commencing payment from 01/01/2010 (amount exceeding RM1,000 can be claimed together with life insurance premium)

It is in IRB website link here http://www.hasil.gov.my/goindex.php?kump=5...3&unit=1&sequ=1