Someone told me that if a person borrows from bank to buy property, he/she can buy life insurance instead of MRTA.

What are the pros and cons of life insurance in such cases?

while waiting for responses
I found this old thread
MRTA, MLTA or Life Insurance?, which one to choose
https://forum.lowyat.net/topic/2459206/all

Is MRTA/MLTA the only option for Mortgage Insurance? Think again.
http://insurancemalaysia.info/is-mrtamlta-...ce-think-again/

This post has been edited by T231H: Jul 25 2015, 03:33 PM

Hi everyone,

Sorry can anyone please enlightenment me on this chart?

My insurance ING 36 critical Illnessses
p.a premium is RM542

This post has been edited by ichiglance: Jul 26 2015, 01:59 PM


Attached thumbnail(s)

wat u need to know?

Insurance agents having hard life nowadays

Cash Value is what you will get if you surrender (terminate). Paid up value is what your current insurance coverage will be if you opt for not paying premium but still continuing your insurance coverage.

Assume your insurance coverage is RM50,000. Assume in 20 years time, you have no money to pay premium and you can opt to surrender or to do reduced paid up.

If you surrender you get 172 x 50 = RM8,600.

If you opt for reduced paid up, your initial insurance coverage will be reduced from the original RM50k to 587 x 50 = RM29,350

I want buy insurance for my kid, who already compare aia, GE, PRU, allianza? Appreciate could share the comparing here. Wish to see the comparison.

With your policy number, I can extract your policy information for you.

Would that be better for you?

Hi all, glad to be a part if this threat. Insurance to business acts as credit cover and protects it from any risk or loss. I started my business and initially I faced many difficulties/ challenges.

This post has been edited by Pia P: Jul 27 2015, 02:42 PM

Call centre will be able to track your policy by giving them your IC number after verification. However, if you are not satisfy with your agent service and you are yet to receive the policy, you may then exercise 15 days free look period and get full refund.

AIA Care Line
1300 88 1899

This post has been edited by ExpZero: Jul 27 2015, 07:03 PM

Hi Guys, I got existing insurance policy under GE bought by my parent when I was 18 yrs old.

Would like to understand based on the policy info provided

(1) Product : Supreme Living Care Series 2 - Whole Life Livingcare with Cash Bonus
(2) Term : 69 years?
(3) Sum assured : RM50K
(4) Premium : RM1k per year
(5) Medical card : No
(6) Cash bonus : Yes, somesort of saving with interest given.

Based on the info, could I say that if anything happened to me*touch wood, the insurance will pay a total lump sum of RM50k + cash bonus balance to my beneficiary??

Nowadays, I see through many insurance product coverage sum is like 500k to 1mil easily with slightly higher premium compared to my current. Wonder worth to hold this current as it bought by my parent and paid by me after I entered working life.

Those products do not come with cash bonuses etc... it's not the same thing.

insurance products without savings/other survival benefit is of course cheaper.

Can any sifu recommend good insurance for:
1) Personal Accident
2) Medical Insurance

ExpZero can help you out with your policies.

Your plan is covering Life/TPD/36Critical Illness and your critical illness coverage will be increasing over the years. The tenure is 69 because the policy will mature at age 87, which means that you parent bought you this when at the age of 18.

What so special about this plan?
1)High Surrender value - You have paid RM1k/year and by 20th year, you should have paid a total of RM20k. Your policy surrender value should be around RM30k. Please be minded that by maturity, you should have paid a total of RM1k/year x 69 = RM69,000 and your surrender value should be at the range of RM300,000-RM500,000, please refer back to your benefit table.

2)Increasing 36 Critical Illness coverage - You have paid RM1k/year for Critical Illness coverage and the coverage starts with RM50k and by the time of 20 years later, it should be RM150k and by the end of maturity, your Critical Illness coverage will be about RM300k-RM500k, this is due to the Cash bonus, Additional Sum Assured and Terminal Bonus. This should be the only type of plan that the Critical Illness coverage will increase over time.

3)Fixed Insurance chargers - Why would this policy is having high surrender value and coverage at later year unlike investment link plan? Because traditional plan's insurance chargers are fixed at inception. Unlike investment linked's insurance chargers will increase over the time, it will eat up all your cash value at later age, traditional policy is a good plan for long term planning.

This is one of a very good policy and you should keep it for long term Some term or investment linked plan are giving as high as a million life coverage for only RM5k/year, however, most of it will have limitation of low cash value at later age.

Investment linked gives good protection at inception, cheap but the cash value might not enough to cover at later age.
Traditional policies might give lower protection at inception, however, the protection will increase over the time.

I'm providing well rounded insurance plan to my client depending on their needs from Term to investment linked to traditional policy.

I'm GE policy holder, SM2 bought at 2011, monthly premium is RM281.

What i see now is that current trend medical card having unlimited coverage and millions annually while mine only 120k annually and 960k whole life.

Question is, how to upgrade to that unlimited coverage? *my agent GG liao, joined other field

This post has been edited by Petro-Canada: Jul 30 2015, 09:21 PM

request change agent

The company definitely will assign your ex-agent's Immediate Officer as your servicing agent now, if you are not happy with your current servicing agent, you may always change the servicing agent to another person.

Rather than you have to start all over your waiting period at other company which might result in your claim being declined or investigate within the first year of purchase, upgrading your medical card at the very same company will allow you to enjoy conditional waiting period.

What's Conditional Waiting Period?
If there is a claim within a month from the upgrade, the company will use back the existing medical card benefit for the claim. Any claim in the future will follow the new medical card benefit.
If there is a claim after a month from the upgrade, every benefit will follows the new medical card benefit.

Is it the time to move the fund from equity to bond? considering uncertainty in the market?

All equity fund is down
http://www.bloomberg.com/quote/ALZEQIN:MK
http://www.bloomberg.com/quote/ALZDYGR:MK
http://www.bloomberg.com/quote/ALZEQYF:MK