QUOTE(TheSecRet @ Apr 14 2014, 12:05 AM)
Being approached by few imsurance agent lately as i thought i should start purchasing insurance in order to protect myslef.
Currently i am 23 years old.
The best quotation i get from one of the agent is Great Eastern
250 per month
150k 36Ci
150k early payout Critical care
Medical card rm300 per room
Annual limit 120k
LIfetime 1.2 million
Co insurance 10% (max500)
Rm100 per day claim if stay in hospital.
+ investlink.
Advice please. Anything i should take note ?
don't buy insurance that is too fancy.Currently i am 23 years old.
The best quotation i get from one of the agent is Great Eastern
250 per month
150k 36Ci
150k early payout Critical care
Medical card rm300 per room
Annual limit 120k
LIfetime 1.2 million
Co insurance 10% (max500)
Rm100 per day claim if stay in hospital.
+ investlink.
Advice please. Anything i should take note ?
just opt for 36Ci term insurance enough. '150k early payout Critical care' also can consider.
1. medical card usually can be provided by company, and most government hospital provided room at a reasonable price.
2. RM100 per day claim if stay in hospital is a very useless reason to buy insurance. You really wanna buy insurance so that when you lie in hospital you can get rm100 per day? Is that even a risk you wanna cover?
3. The investment rate will never get higher than 4%, I really think might as well just put it in FD for 3% but bank provided with a lot of flexibility on your money.