Yes, during discharge you are required to pay in cash Rm25k and if your company provides medical card, you can then claim the Rm25k from the company insurance.

Yes, the balance 25k need to poke out from own pocket. I know most companies employee medical card is just RM50k or less.

Just FYI, Allianz medical card have no annual limit, peace of mind in the medical cost.

But of cause, claiming insurance is the last thing we want it to happen.

Plan to top up CI
Is there any standalone plan in d market?

How cheap are we talking? I need a range.. Hehe coz not that rich oso. Got alot of commitment... Im 26 this year. When do you think i should buy? Now?

govt servant so no company medical card... prudential have product with no annual limit?

Hi I'm interested to purchase PA. Any recommendation?

Previously I'm purchased ING Dynamic PA Plus. Thanks

Hi,im new here.my gf wanna buy insurance but i dunno which one good.can someone suggest me a good insurance with good benefi?thx in advance

IMO, Tokio Marine Premiere PA is good...

I bought mine from an Allianz agent after comparing few quotations from different companies.. just remember, products and services of the agent, both are equally important...

Care to comment on allianz?and what is the factor that make u take allianz?

Hai, would like to ask if im 27 non smoker class 3 occupation looking to buy mlta with rm 200 monthly how much coverage I can get?? Cause now only have extra rm 200 to use on insurance. Izzit true that now life coverage insurance buy direct from company without agent will be cheaper??

This post has been edited by leelee1988: Feb 13 2014, 11:45 PM

I like the products offered and i'm confortable with the premium...
In terms of agent, i think he is honest and i really don't like those agents who criticize other ppl...
btw you need to consult agent face to face/ read through the quotations... Judge by yourself, don't follow whatever the agent says..

Can I get an Allianz or AIA ILP quote for the following:-

Death Benefit: 150k
TPD: 150k
36 Illness + early Ilness: 100k
Accidental Benefit (could be with or without): 100k
Rider: Yes

No Medical Card required - can I get a seperate quote for the above with and without accidental benefit? Also you could include medical card (RM200 R&B) if you want

If possible the premium should be around RM150? or less than 200 max. Thanks a lot!

This post has been edited by ccm123: Feb 19 2014, 04:40 PM

Hi guys, I have a question related to MLTA. As far as I know, it is essentially a life insurance that designed to pay off your debt for property (and perhaps some cash too). However, I don't really get the part where people say it can actually be 'transferred' when you buy another property. As I'm reviewing my policy, I don't see any mention of my property in it so how do I know it is 'linked' to my property? Please enlighten me.

Hi wiind,

I have to tell you the whole picture of MLTA including MRTA so that you will understand the reason why people will say MLTA is "transferable" and how it "linked" to your property.

Due to the fact that MRTA is a single premium lump sum payment, usually policyholder will purchase MRTA through the service of loan ie: bundle with the housing loan. When MRTA is bundle with housing loan, the MRTA will have to absolute assign to the bank and the bank will be the "owner" of the policy instead of you. If you settle the loan early, the bank will not transfer the ownership back to you but the bank will just surrender the policy and you will get back the surrender value which usually wouldn't worth much.

Whereas, due to the fact that MLTA is a regular premium, policyholder will purchase it either from a insurance agent or from a bank. However, most of the time policyholder will prefer to purchase it from insurance agent because purchasing from bank will fall into the same problem as above, where your policy will be attached to the bank instead of you and you have no right to alter/surrender/amend the policy.

MLTA initially stand for Mortgage Level Term Assurance, it suppose a term insurance. However, most of the agent nowadays will promote Investment link to substitute "MLTA" due to the fact that Investment link can have lower initial setup cost compare to MLTA in some case. Since this MLTA or we can actually call it Life insurance is attached to you(the policyholder), you can actually call it House A's MLTA on your own but not in paper. When House A's loan is done, you can name it to House B's MLTA on your own. Whatever the name is, the MLTA promise to payout a lump sum of payment when you leave your last word and your heir can use the money to pay off the loan.

One question we will ask ourselves, would our children use our "MLTA" to clear the debt or they will use it to buy a Lamborghini? In order to avoid that, actually you can make your Personal Insurance to "attach" to a certain property via will.

When you write a will, you may include a instruction in your will to your executor to use certain policy to payoff certain property. You can strategize your will such that all your debt is fully covered and your executor will use the insurance payout that you "attached" to the property to pay off the loan before inherit it to your next of kin.

Well, I'm sure you will still think that, your heirs might still can sell out all the houses after they inherit your property and buy a Lamborghini right? You may arrange a testamentary trust so that you will only inherit your houses to them one by one on certain age like what Whitney Houston has done to her daughter.

I'm a will writer and an insurance agent, I would able to help you to arrange for the above said arrangement shall you have the need

Thank you very much for your reply!
This is definitely much clearer than most explanations I could find on the internet! Not only that you answer my question clearly and precisely, you also gave me insight on how will can come into play. I really appreciate this and I shall literally note this down for future reference!

Now that I have a much clearer picture, I would like to hear a few more opinions:
1. Does a yearly premium of RM 3037 sounds reasonable for a basic MLTA/life policy with sum assured of RM 322,757?
2. With the policy being attached to me, does that means I could increase the sum assured in the future to cover my another property (if there is any) as well?

Cheers!

1. Sounds about right. I am paying RM6k+ for S.A 530k
2. The premium is transferable and u can only buy once in your lifetime. If u sell the property and buy another property, just adjust the sum assured to match the new loan, as many times as you need.

I receive my insurance statement from Prudential.
In the statement, it mentioned that :

"The policy status as at the policy statement date : Inforce"

Does it mean that my policy has not lapsed?

Yes, it is still active as at the time of printing the statement. For the current status, just call up the Customer Service or contact your servicing agent.

Many thanks for the reply.

Alright, please look at my policy below :


The plan was subscribed from Jan'02, and the monthly premium is RM150/month.

Is it good? What I meant is if I were to compare against similar products for the same price,
does it fare better or worse?

Kindly advise, thanks!