Is better to get comprehensive cover now since your car is only 2 years.

The main point is to get the coverage, not pay less premium cuz frankly, it's not much of a difference.
By saving a few hundred ringgit you are exposing yourself to potentially much higher liabilities should an accident happen. I mean... Axia doesn't have the best brakes

Frankly I won't be able to tell because I don't know what is your coverage atm.

As of now, the tariff is still imposed, what you pay for is exactly what you would get anywhere else.

My point is this: your car is still new. Why don't you take the comprehensive coverage?

To illustrate:
comprehensive cover
- in an accident, you knocked someone from behind. Both cars damaged.
Your victim can claim his damage from your third party cover, while you can claim your own car's damage from your own policy.

Third party
- in an accident, you knocked someone from behind. Both cars damaged.
Your victim can claim his damage from your third party cover, while you pay for your own costs to repair.

Other things to look out for:
Windscreen and it's sum insured,
flood
fire & theft
roadside assistance, ...etc.

I like the way you break it down. But again, I would like to point out (I am an insurance agent):

Insurance should never be thought of as an investment; vice versa, investments will never give you living benefits, or guarantee you a sum of money upon death.
These are products that come with different features to serve different objectives... for the same person.

Ever heard of a quote that says "If you have no destination in mind, every road takes you there."
With that said, insurance products will take you somewhere. investment products will take you places too.

But in the case where you know exactly where you want to be (wongmunkeong appears to be among this group ), all of a sudden the different insurance products becomes so interesting, and the investment products become very attractive too! Because you have a purpose in mind to have those products perform their roles well.

I know ILP throws a lot of people off with the term "investment-linked". It's really a means to an end. The returns cannot be calculated like how we calculate ROI on UT, due to the fact that there is an ever-growing COI to pay for.

It's the cost of insuring yourself. It's your contribution into the pool of funds that is also insuring everyone else, your neighbors, your friends, your colleagues, your fellow countrymen. In some countries, this comes in the form of taxes. Like it or not, you're paying for something you didn't sign up for, but you're getting it anyway.
Or would you prefer some form of control over your finances?
Maybe I want to leave behind a bit more for my spouse and kids, for my family members, maybe I don't want them to worry about being short-changed by my partners in my share of the company. Who knows? We each have our own reasons to buy a life insurance, just like how we also have our own reasons not to buy life insurance.

Frankly, majority of my customers just want to be rich. How rich is rich? Hardly ever thought about it.
The process of buying life insurance is not just going into a shop, buy a product, and leave.
You never really leave do you? Someone has to manage it for you, call you up once in a while for a review, discuss about it, etc. Agents like me need to do these things because frankly, you're better at running your business.
Do you just stop using your bank accounts one day? It becomes part of your finances. It is a tool to safeguard our money. Your bank accounts grow along with you, and so do your life stages, your objectives, and people and things that you care for.

When I was younger, I wanted to marry my girlfriend. I want a house for ourselves too. I start planning for it, I start saving for it.

When my kid was younger, I want her to have a decent education. I start planning for it, I start saving for it.

Is there a chance that my wife and kid will outlive me? Absolutely. Just a matter of sooner or later. I start saving for it, I start planning for it.

How about my investments? I want my money to be compounding at a steady rate, for reasons such as child's education, preserving my options, keeping my options open for the future, maybe the possibility of retiring sooner or starting a business? I start planning for it, I start saving for it.

I had a good chat with a high school mate last night. When guys get together, complaint about life, complaint about gov lah. Beer is so expensive, cigarettes naik harga, all these fat cats raking in the taxes, the APs, etc.
But if we just don't drink, don't buy cars, just for the sake of protesting against the system, we will lead very unhappy lives. I still love my beer, I still want a nice new car.

Agents like me get paid a commission. But should this be the sole reason preventing you from accessing the products with the better outlook that fits your portfolio well, wouldn't that be excessive on yourself?

Of course there is. It's called Life Insurance and Personal Accident.

For your car there is too!
It's called flood cover and aerial damage benefits.

Best to check with your own agent first if you're looking for a top-up.
Most insurance companies do have such riders at a very comparable price too.

Actually all companies still have a broad range of traditional life insurance including term life.

It's just that since Takaful has adopted the ILP model, the whole market is only teaching agents to sell investment-linked.
And you can see very clearly insurers are really gunning for ILP too, pli pla pli pla introduce so many riders exclusively as ILP riders, churning out a lot of ILP promoters.

Only some old-school agents still has knowledge on traditional life insurance including term life.

As for the technical details behind the product and how to utilize traditional life insurance... frankly will vomit blood. I vomit a lot already.

When we're sick, we engage a doctor to find out what exactly is wrong with our body.
When our cars break down, we engage a mechanic because they will know best.

Why don't you engage an agent in your insurance matters?
It's very easy to identify a product pusher agent, and a planner.

If you would like, I don't mind spending some time with you to give you a big picture of what is there in the market.
After all, it's the end of the year, the sales to be done are done, pretty much just servicing and planning for december holidays with the fiance now. For all the info, I charge you for the price of a kopi'o at a local mamak lah. I'm a local boy anyhow. Malaysian true and through

If you would like my services, pm me your email, and we'll proceed from there. I can get your questions answered by today if you're quick.

You really want to engage the call center with your medical claims?

Why would you buy a life cover of only 10k?

It is never a mistake, in fact you can talk to your agent and see how and where you can reduce the premium commitment.

Ask your agent to
1. lay out what exactly is covered.
2. explain thoroughly
3. And the tell him/her your situation on affordability.

I do regular reviews with my customers too.

If it is an investment-linked life insurance policy, yes, you can.

But at the same time, it has to make sense. Otherwise, your agent will advice you against it, simply because it doesn't make sense.

Be transparent with your agent, be truthful and give accurate information.
Because like all the other agents, our work can only be as accurate as the information that you provide to us.

Frankly we are humans too, we have moms too just like everyone else.
We want to do our level best and deliver for our customers a good and relevant portfolio as well.

_________________________________________________________________________
But human nature of distrust gets in the way, afraid that the agent will earn our money.
Well, the agent, me, will earn your money from our commissions. Our commissions is fixed on a percentage and that percentage doesn't change.

Certain forumers here like to say "don't buy insurance, it is only making the agents rich and travel overseas."
I want to say that is true. We do qualify for convention trips upon hitting certain sales targets.
But let's consider the situation that you don't buy insurance. At all.
How much would an unfavorable situation set you back?

Is it really worth the effort to prevent me, the insurance agent, from taking 20% commissions of RM40-60?
Who has more at stake here? The agent, me? Or the person, you?

On the critical illness...

Long story short:
Would you buy a car with any missing parts?
If yes, what are the parts would you go without? Airbags? Wheels? The engine?

Why don't you go to your agent?
If your agent is no longer around, bring your policy booklet to the servicing branch and the customer service rep will be able to help you.

If it no longer fit your requirements, perhaps it is time to do a review instead of surrendering it for the sake of surrendering it.
Find out exactly what that policy is, what is needed in your current finances, and make things clear.

After gathering the information, then from there you'll have a better direction and more confidence to either surrender, or buy more coverage.

It's like comparing Honda Accord, Hyundai Sonata, and Toyota Camry.
Which is better?

Honda Accord interior nicer, exterior a bit boring.
Hyundai Sonata exterior nicer than Honda.
Toyota Camry engine better.

Each has it's strengths. Betul tak?

Furthermore, the average cancer patient spends between 200k - 300k over his/her lifetime. All 3 companies is more than able to cater, as the numbers show.
The big chunk is in the hospital admission, surgical procedures. Betul tak?
The Outpatient Cancer Treatment and Kidney Dialysis is for follow-up sessions, without hospital admission.
How many sessions to go, I leave it to the doctor, and families members of late patients. I guess they would be in a better position to give you a clearer picture.

Like in a production factory, waste is our common enemy.
Talk to your servicing agent, meet up with him/her and plan TOGETHER.
If you would like a new agent, there are many good and responsible agents here in this forum, shamelessly including myself. We're in the industry for a long term, and I'm the second generation.

Happy agent-hunting and I am very happy that you are putting an active effort at looking into your finances!