Insurance is to pay for unforeseen circumstances such as Accidents. Your question seems to be framed that you foresee that you need such treatments.

In this case, your Premiums are going to be very expensive. Also, if the Insurer doubts your State of Mind, they will not want to insurer you.

Article by MNet on Mr Tan taken from Star Biz (7 June) from a financial planner.

Even original author has conflict of interest as financial planner, he may want to sell certain other products.

Chris, u said cherry made 2 mistake, first was to assume Wgat the previous forumer wants and second was her explanation in a macro sense on how ILP works.

Can u please point out which part of her explanation is wrong.

This is to benefit everyone, including cherroy herself.

She may not know it herself. After all, neither.u.or Roy have openly said, buy Prudential or buy from me.

That's why whenever someone has query on insurance, I summon Roy.

roy, always the gentleman who does not resort to insults or name calling. the purpose of such a forum is to share knowledge, experience and opinions.

while technical knowledge might be classified as right or wrong, experience and opinions have no definite right or wrong.

the way i see it, in the virtual world, we are all equal.

a moderator is not superior to a new member and even an insurance agent might not know as much as a non insurance agent.

so, lets continue to impriove the life of fellow forumers by sharing what we know.

cheers guys

Bond fund has very low returns compared to equity funds but of course. Lower risk also.

Bond fund has very low returns compared to equity funds but of course. Lower risk also.

No depended like orphans with no siblings / spouse have no need for Life Insurance

Perhaps Medical Insurance but many ppl do seek threatment at Govt Hospital

Some just prefer to die and not spend any money

So there are groups of ppl who really have no need for Insurance

Company Medical Card even include seeing normal GP and Specialist Consultation

Don't think u can get such comprehensive coverage as an Individual

At most is just the normal Medical Insurance / Card that covers Hospitalisation, Operation, CI, etc

Premiums will depend on coverage amount, etc