From experience & talks with insurance advisers like Roy (lurking somewhere here ) - i'd suggest go only for medical & hospitalization.
Reason:
3D (death disease disability) - for most insurers, the critical disease, by the time diagnose & get $ to try & save life... may be too late as diagnosis must be "certain stages" before can claim.
eg. cancer 3rd stage, not initial stage 1.

Another thing to consider:
IF your child stays "overseas" (incl SG & TH) for 90 days consecutively or more, better get yr child that country's medical coverage, NOT MY's coverage.
Also another learning experience for me when my child went to SG for studies.

As for amount of coverage (i dont look at the premium since it's the coverage that's important to me), personally i took:
Wanted: RM150K * (1+4% assumed inflation pa)^25 years
LESS: RM i had in emergency buffer & employer's family coverage
= Coverage per annum i bought to cover him up to post University-working life, then they can go buy their own
Papa not billionaire thus no silver or platinum spoon <feeding>

Reasons:
a. RM150K - approximate changgih-enough cancer treatment pa now
b. 4%pa - inflation assumed. Yes yes - a lot of fellows will shout inflation is higher, especially medical blah blah
FYI when my dad contracted cancer 20+ years ago, the cost *4%pa inflation till now still more than covers. Advances in medical science dont mean we have to go for cutting edge (just newly developed) that cost a bomb if the "% of higher successis" minor VS standard treatment.
c. 25 years - coz no silver or platinum spoon <feeding>

Note - dont be a sucker buying as much as U can.
Insurances are risk transference tools AT A COST. That's why we pay something called a PREMIUM.
Premium = risk's cost (if U bear yrself) +admin cost to run company +agent's commissions +shareholders' profits +CEO's big fat bonuses
Better to take just enough - then use the remaining to invest.
Dont believe me pls - just get the quotations AND ask for the total premium till 80 years old (from 0 to 80)
Look at the total premiums paid - can buy a few lives liao AND we pray we dont collect!

If my plans is aligned with my BIG BOSS' (Him) plan, i should not be needing death (yes death, not life - payout is upon DEATH), disease, disability or medical/hospitalization for my entire family by the time i retire.

Just my PoV - from one father to another
BTW, congratulations & <high five> yr child is lucky to have a father that steps up & plans before needed.
Next is studies & Uni then estate planning

PS: Not all insurers will insurer newborns - especially if complicated birth or below certain kg (ie went into Neo-natal ICU after birth). Again from experience heheh - had a normal birth + a very complicated pregnancy & pre-term experiences

This post has been edited by wongmunkeong: May 24 2014, 06:45 AM

hehe - yup yup.
IF one has unlimited budget, can more than self-insurer liao.
Usage of insurance then is not risk transference liao.
I guess it's to ensure love ones get $ that are protected against creditors only as cash flow planning would have been done for multi-millionaire's estate planning.

Just thinking

er.. yes insurance IS a waste of $.. IF one can cover the financial risks themselves.
what other things in this world one buys/pays AND hopes never to collect / benefit from?

Insurance is useful for most folks for risk transference at a cost if one can't cover the possibilities of certain financial risks themselves.

Yes, all insurers AND agents are out to make a profit - so?
No meh? Nothing wrong with profiting from good products and services provided mar.
Just that some miscreants mis-sell and other miscreants fake their data to get cheaper premium
OR does "questionable stuff" to claim their insurances.
Cheating is on both sides ar - so what's your point?

So where is God or who's playing God in all these ar? hm?
Most posts are asking folks to ascertain their situation properly themselves instead of being "sheeples" to some BS-ing agents / ConSultants.
Luckily some (minority so far) calls a spade a spade.
So where's / what's your real beef?

Hi ya'all.
Does anyone know which insurance companies in Malaysia offers FIXED INDEX ANNUITIES?
I'm exploring this as a possible part of my retirement planning.
Thank U in advance

what review U want ar?
it's a typical term death (collectable upon death, not life) insurance
+ if U add riders...

i bought mine in Jun/Jul 2015 - simple death insurance.
already compared to others - best bang for the buck if i don't include special things like "Group Insurance" from the likes of PubMut-AIA which are only available for investors and up to certain limits (T&C).

Just remember to get the nominee form, fill in and send off to UForLife, else...

i find dealing with BS-ing agents a big disadvantage.
Value-add agents are hard to find AND in my books, no point to kacau them for something as straight-forward as term-life / death insurance.

No matter agent or no agent, the CONTRACT is "the all".
If not stated in contract.. heheh
If stated in contract and someone breaches... heheh
NEXT!

btw, very good customer service leh the call centre
even the Nihon-jin team lead called this gaijin personally to explain the situation after i sent in online.