A lot will also fall for scams and bad investments.

Shouldn't be..USD has been going up n up vs many currencies. JPY is the worst.

Btw EPF dumping foreign assets is good for MYR in the immediate term, everything being equal. Sell USD assets, buy MYR.

EPF has pretty big exposure in Developed Markets esp US. Wonder how current bear market will impact their performance? . 🤔

Cindy, if u are among us, stop the nonsense talk about tiered dividends.

I wanted to discuss about i-Lindung products and mod has asked me to move to this thread.

See my earlier post

https://forum.lowyat.net/topic/5333004

Kwsp link

https://www.kwsp.gov.my/en/member/i-lindung

Anyone here has bought insurance here or is interested to? Yay or nay?

This post has been edited by Cubalagi: Nov 26 2022, 07:05 PM

Is there an insurance sub-forum here?

Anyway, i-Lindung is targeting B40 and M40, but since the platform allows you to buy similar products from different insurers, you will be able to boost your protection by subscribing to all that you can from different vendors.

Right now, you can get max of RM600k term life and RM400k critical illness cover by combining all the vendors.

How low is the premium? Insurance premium is dependant on age, sex, smoke status etc. So.it will vary by individuals. In addition, the i-lindung products are very vanilla. No investment link, no riders. But my own rough estimate is that its probably 75% lower premiums than what the agents offer. You can do this comparison yourself based on your own particulars.

This post has been edited by Cubalagi: Nov 27 2022, 10:12 AM

I find this analysis more in depth and useful

https://kclau.com/estate-planning/i-lindung...rance-coverage/

N i plan to take up this i-lindung to maximize my income tax relief as well.

This post has been edited by Cubalagi: Nov 27 2022, 11:31 AM

Looks like u need to use the EPF platform.

I couldnt find the product disclosure sheet from the providers website. Eg here is Prudential

https://www.prudential.com.my/en/i-lindung-...cUaAlu6EALw_wcB

This post has been edited by Cubalagi: Nov 28 2022, 07:48 PM

Thanks for the effort mate. I looked at the GE basic term online, it is.indeed slightly cheaper.

Next time going to KWSP, you should go to the new HQ in Kwasa Damansara. Very few people when i went there early this month and I got served very fast.

This post has been edited by Cubalagi: Nov 30 2022, 10:32 AM

For profit and dividend calculations, EPF does not mark to market their bonds.

The initial price..and they tend to hold to.maturity anyway.

Why do you think its weird? 2022 income so far is much lower than 2021.

End 2021 AUM was RM1.01 Trillion. End 3Q2022 AUM was RM961 Billon. Thats a 4% drop.

But you might see income drop 25% this year.

If u really think the numbers mean nothing, then you should withdraw from EPF (u are able to withdraw IIRC). It would be very risky to leave your savings with politicans.

This post has been edited by Cubalagi: Dec 20 2022, 03:48 PM

You must be be thankful to the Malaysian politicans for giving excess returns for a bank account over the years 😉

Never say never..it can happen again if we get hit by a financial crisis.

When did EPF give out bonuses?

Wah.so many rich uncles here!

Good thing about EPF portfolio is that currently its foreign asset portion has grown to 37%. I expect this % to grow as EPF AUM grows. One day it could probably reach 50%.

This provide a measure of protection agst weakness in MYR. Last 10 years, EPF returns handily beat MYR depreciation.

Personally, i have both EPF and my own investments. My own investment is typically 70% foreign.My target is 50% EPF n 50% my own DIY portfolio.

The EPF capital protected n 2% guaranteed return feature is hard to beat.

This post has been edited by Cubalagi: Dec 26 2022, 09:31 AM

It will be problem for all of us still.living here esp from 2030 onwards when the country goes to the aging category.

More social spending n subsidies needed, bigger deficit, higher taxes (and/or lower ringgit).

This post has been edited by Cubalagi: Dec 27 2022, 01:48 PM