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 EPF DIVIDEND, EPF

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immobile
post Nov 13 2022, 01:54 PM

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QUOTE(Rinth @ Nov 9 2022, 05:16 PM)
with the recent interest rates hike and some FD approaching 4%, what is the target dividend for year 2022?
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hopefully around 4.5% to 5%
CommodoreAmiga
post Nov 13 2022, 02:30 PM

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QUOTE(immobile @ Nov 13 2022, 01:53 PM)
damm if it's 3.2%.....i also will cry...listen to emo sad malay songs....3.2% is really low
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All the mini buses rock kapak songs coming back to me now....
Cubalagi
post Nov 26 2022, 07:03 PM

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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
gooroojee
post Nov 26 2022, 07:11 PM

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QUOTE(Cubalagi @ Nov 26 2022, 07:03 PM)
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?
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I think it should be in the insurance subforum. If it's only 100k then only suitable for certain market segments, and only one year term. How much cheaper are the online rates you've compared so far?
Cubalagi
post Nov 27 2022, 10:10 AM

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QUOTE(gooroojee @ Nov 26 2022, 07:11 PM)
I think it should be in the insurance subforum. If it's only 100k then only suitable for certain market segments, and only one year term. How much cheaper are the online rates you've compared so far?
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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
MUM
post Nov 27 2022, 10:42 AM

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Who are suited to apply for EPF’s i-Lindung scheme?
https://focusmalaysia.my/who-are-suited-to-...lindung-scheme/

i-Lindung: 4 considerations when boosting your insurance coverage
https://www.freemalaysiatoday.com/category/...rance-coverage/

Can use the various online insurance purchase platform to hv a "better" and more accurate comparison and estimation on premium rate variance between this I lindung and other insurance policies n coverage offered

This post has been edited by MUM: Nov 27 2022, 10:47 AM
Cubalagi
post Nov 27 2022, 11:31 AM

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QUOTE(MUM @ Nov 27 2022, 10:42 AM)
Who are suited to apply for EPF’s i-Lindung scheme?
https://focusmalaysia.my/who-are-suited-to-...lindung-scheme/

i-Lindung: 4 considerations when boosting your insurance coverage
https://www.freemalaysiatoday.com/category/...rance-coverage/

Can use the various online insurance purchase platform to hv a "better" and more accurate comparison and estimation on premium rate variance between this I lindung and other insurance policies n coverage offered
*
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
MUM
post Nov 27 2022, 11:56 AM

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QUOTE(Cubalagi @ Nov 27 2022, 11:31 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.
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Just a note, ...

That article from my earlier link
i-Lindung: 4 considerations when boosting your insurance coverage
https://www.freemalaysiatoday.com/category/...rance-coverage/
Is the same article as your suggested one
As it has this sentence at the end of that article
"This article first appeared in KCLau.com. "
gooroojee
post Nov 28 2022, 01:13 AM

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QUOTE(MUM @ Nov 27 2022, 10:42 AM)
Who are suited to apply for EPF’s i-Lindung scheme?
https://focusmalaysia.my/who-are-suited-to-...lindung-scheme/

i-Lindung: 4 considerations when boosting your insurance coverage
https://www.freemalaysiatoday.com/category/...rance-coverage/

Can use the various online insurance purchase platform to hv a "better" and more accurate comparison and estimation on premium rate variance between this I lindung and other insurance policies n coverage offered
*
Anyone have the product disclosure sheets from FWD, Etiqa or Prudential for their products? The EPF site gives me an error and asks me to go to the nearest EPF branch to fix my details whenever I try to click iLindung, so I can't check their published premium tables and do a comparison for you.

This post has been edited by gooroojee: Nov 28 2022, 04:45 PM
joice11
post Nov 28 2022, 04:38 PM

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QUOTE(Cubalagi @ Nov 27 2022, 11:31 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.
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this income tax relief is combine with other insurance tax relief or is it extra allocation ?
gooroojee
post Nov 28 2022, 04:45 PM

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QUOTE(joice11 @ Nov 28 2022, 04:38 PM)
this income tax relief is combine with other insurance tax relief or is it extra allocation ?
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Same allocation. No extra.
MGM
post Nov 28 2022, 06:31 PM

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Which type of transfer to epf account tomorrow 29/11 Tuesday would be safe to get dividend for Dec 2022(funds must be credited on 30 Nov or 1 Dec)?

This post has been edited by MGM: Nov 28 2022, 06:33 PM
Cubalagi
post Nov 28 2022, 07:47 PM

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QUOTE(gooroojee @ Nov 28 2022, 01:13 AM)
Anyone have the product disclosure sheets from FWD, Etiqa or Prudential for their products? The EPF site gives me an error and asks me to go to the nearest EPF branch to fix my details whenever I try to click iLindung, so I can't check their published premium tables and do a comparison for you.
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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
TheEquatorian
post Nov 30 2022, 04:54 AM

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Has there been any update to the self contribution amount after the GE?
romuluz777
post Nov 30 2022, 06:00 AM

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QUOTE(TheEquatorian @ Nov 30 2022, 05:54 AM)
Has there been any update to the self contribution amount after the GE?
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Not yet, hopefully after 19-December.
MGM
post Nov 30 2022, 06:48 AM

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QUOTE(MGM @ Nov 28 2022, 06:31 PM)
Which type of transfer to epf account tomorrow 29/11 Tuesday would be safe to get dividend for Dec 2022(funds must be credited on 30 Nov or 1 Dec)?
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Transfered using m2u classic on 28Nov(holiday) 11pm, reflected in epfonline on 30Nov but posted date is 29Nov. Max amount per deposit is rm5k.
gooroojee
post Nov 30 2022, 09:59 AM

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QUOTE(Cubalagi @ Nov 27 2022, 10:10 AM)
Is there an insurance sub-forum here?
https://forum.lowyat.net/index.php?showtopic=5096196

QUOTE(Cubalagi @ Nov 28 2022, 07:47 PM)
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
*
After spending an hour at the EPF branch I now can access iLindung, and I have compared the premium rates on offer.

They are not cheaper on iLindung. In fact the cheapest is AIA's own online basic term insurance. I compared AIA, GE, PRU, Etiqa, Axa, FWD, Allianz.. All insurance providers provide online insurance that you can self purchase online these days, which are zero commission products.

My insurance tax relief is already maxed out every year so no extra benefit for me there either, plus I can subscribe outside of EPF if I need it.

The only benefit of iLindung is you get another way to spend your account 2, if you badly need insurance and you don't have money to buy basic coverage.

This post has been edited by gooroojee: Nov 30 2022, 10:07 AM
Cubalagi
post Nov 30 2022, 10:32 AM

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QUOTE(gooroojee @ Nov 30 2022, 09:59 AM)
https://forum.lowyat.net/index.php?showtopic=5096196
After spending an hour at the EPF branch I now can access iLindung, and I have compared the premium rates on offer.

They are not cheaper on iLindung. In fact the cheapest is AIA's own online basic term insurance. I compared AIA, GE, PRU, Etiqa, Axa, FWD, Allianz.. All insurance providers provide online insurance that you can self purchase online these days, which are zero commission products.

My insurance tax relief is already maxed out every year so no extra benefit for me there either, plus I can subscribe outside of EPF if I need it.

The only benefit of iLindung is you get another way to spend your account 2, if you badly need insurance and you don't have money to buy basic coverage.
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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
TOS
post Dec 5 2022, 06:58 PM

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Nobody cares about EPF anymore? laugh.gif

EPF RECORDS RM39.31 BILLION GROSS INVESTMENT INCOME FOR 9M 2022

Source:

KWSP/EPF

Sinchew

This post has been edited by TOS: Dec 5 2022, 06:59 PM
wongmunkeong
post Dec 5 2022, 07:06 PM

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QUOTE(TOS @ Dec 5 2022, 06:58 PM)
Nobody cares about EPF anymore? laugh.gif

EPF RECORDS RM39.31 BILLION GROSS INVESTMENT INCOME FOR 9M 2022

Source:

KWSP/EPF

Sinchew
*
.. painful ma cry.gif
"..a decrease of 18% or RM8.71 billion, compared to the RM48.02 billion recorded in the same period in 2021.

Total gross investment income for the third quarter (Q3 2022) ended 30 September 2022 amounted to RM12.32 billion, a decrease of RM1.65 billion or 12%, compared to RM13.97 billion in the corresponding period in 2021. However, this also represents an 11% improvement over Q2 2022.."

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