Complimentary? i don't see why not if you don't have a PA attached. but few things to point out
1. for those with a corporate job, you are covered under company PA. not sure if company's PA covers death only or death/TPD. you can always check with HR.
2. normal ILP payout includes D/TPD as a result of accident as well. PA is just additional money.
3. this etiqa plan is focusing on 'living' benefit rather than death benefit. the big chunk of the benefit is only payable upon total paralysis, the whole 700k (which i assume is the same as TPD). need to read through the material that they send to you through snail mail.

Usually, when they sell PA, they pay out a lump sum amount upon Accidental Death/TPD. usually the amount is bigger than what is offered by Etiqa's lifestyle plan (you may check out MSIG individual PA as a comparison, couldn't find allianz pa on their website, better to do survey with the big general insurance company). of course it's up to the company to design their product.

what is term life insurance

PRUTerm

Now all i did was google that.

OK. i don't know Pru's plan but most term life insurance work in a similar way. just as explained in that cnn website.

so the obvious point is (not based pru's plan, just term life insurance in a nutshell)

1. if the person dies after expiry of the insurance, no payout
2. there's no cash value upon the expiry of the insurance plan. Usually there's cash value to go with the term life plan but it goes like the shape of bell curve. peaks around somewhere in the middle of the term and reducing to zero at
3. term life - indicates that it covers a certain term of your life... 20 years, 22 years... 30 years... etc
4. usually the expiry is like 80. not up to 100

Shortfall?
it's not complete life coverage. but seriously, if i'm 70 with no dependent and all loan paid off, i don't really need anymore life protection. if i'm 70. i need more on things like annuity, medical.

the other problem is the rider part.
say your term life insurance expires at 70, your CI and medical may expire later, but when you buy these 2 riders together with the term life, the riders cannot be longer than your term life insurance, thus ending your medical coverage earlier than intended. my understanding is no insurance company will maintain the riders after the expiry of the term life insurance. if they do, it's ok...

I am interested to know more about Allianz Life Insurance Investment Linked policy.  Was told it gave the highest return.

If you are an agent, please contact me via PM.  Thanks.

As an Allianz Agent, myself can't assured Allianz have the highest return, only reasonable good return.

Honestly, Insurance main purpose is for protection. I would said Allianz have one of the best medical plan at reasonable premium.

For age below 30, it can be as low as RM5 a day.

If you just looking at return, any Agent can promise anything, but those return are base on current market and not guarantee.

Thanks for your feedback.

I already have a medical card from another insurance company.  I have a whole life policy too.

Looking at investment linked product now.

Thanks for your feedback.

I already have a medical card from another insurance company.  I have a whole life policy too.

Looking at investment linked product now.

Already have medical and life policy, if really want some investment return, best option is go directly to unit trust.

Investment linked is very similar to unit trust + insurance combo only,

You already have "ala-carte" insurance already, why still look for combo?

Just like in McD, already bought a burger, why go for combo (burger + drink) 

Investment linked is very similar to unit trust + insurance combo only,

Just make sure you invest in the right time and not blindly put everything in UT.

Buy high sell low = loss!
Buy high banbantankuku (wait long long) = loss on interest!

China Select fund (already run long time but still painful  )
Insurance comes with higher insurance charges as compared to UT, since we are providing coverage. The higher the coverage the higher the insurance charges.

Already have medical and life policy, if really want some investment return, best option is go directly to unit trust.

Investment linked is very similar to unit trust + insurance combo only,

You already have "ala-carte" insurance already, why still look for combo?

Just like in McD, already bought a burger, why go for combo (burger + drink) 

Sorry, could have made it clearer.  May be investment linked basis, but focus in protection.

So far, I have one Allianz agent contacted me via PM.

I still cannot see the reason that if look for protection as primary intention, why must be investment linked then.

I prefer to get back what I have paid.

Term life is affordable now, but 20 years later, it is very expensive.

Investment linked insurance is not giving back your premium that paid for insurance.

See, as I mentioned previously, still many do not understand well investment linked.

In investment linked insurance, your premium actually goes to 2 portion, one to insurance, another one to investment.
The money you get back is from the investment part (if, as there is no guaranteed how much the return will be).

Investment linked doesn't mean your insurance part of premium stay forever the same.
Just because your investment linked premium is the same, doesn't means the money channel to insurance portion is the same!
The investment linked premium at the same amount because insurance company allocate the ratio between the premium to investment portion and insurance portion accordingly.

Eg.
investment linked premium 1000
When started time,
900 goes to investment, 100 goes to insurance coverage
when getting old
500 goes to investment, 500 goes to insurance
even older
100 goes to investment, 900 goes to insurance.

I prefer to get back what I have paid.

Term life is affordable now, but 20 years later, it is very expensive.

I know you have made up your mind, just want to clarify some points

term life insurance usually has fixed premium. why more expensive 20 years later?

as for ILP, i don't think allianz is really giving the best return. Pru, AIA could be doing better. at least with Pru's website, it's interactive (got graphs and stuff) and you can track it. may need to work on the research more.

just before i end this. I have a whole life endowment plan... i think mine can break even around year 14-15. and mine is guaranteed return, because it's traditional. non-par plan though.

also another add-on... for most ppl, the important insurance are medical, CI, female illness... and these few have high  insurance charges... i would like to highlight that even for traditional plans, these plans are subject to premium increase as well. so... only the 'death/TPD' portion is fixed in traditional plans

hi..i would like to ask here.. if the monthly payment is lapsed, and the person covered is hospitalised, can insurance company refused to pay the claim because the payment is lapsed and they claimed that there is no protection during the lapse period..

t.q

hi..i would like to ask here.. if the monthly payment is lapsed, and the person covered is hospitalised, can insurance company refused to pay the claim because the payment is lapsed and they claimed that there is no protection during the lapse period..

t.q