Only RM204 per year? Which insurance company is offering that? i believe this are those where premium would not be return right?

it offered by Chartis Malaysia Insurance. You can check from my signature.

of course it wont return back, if you want it returned back, pay at least RM1200 per year.

thanks

hi..i have a question here

is maa takaful also bought over by zurich?

Hi, I was presented with a plan on GE SmartProtect Essential 2 with AL 120k and LL 960k. It's an ILP with RM1800. It is worth to switch from ING Mediplus 2 as recommended by the agent?

The info I have looks very promising as projected returns ranged from 2.6% to 8%. However, I am skeptical on the figures. Anyone on the same ship?

What is ur current plan benefit?

greetings all~ currently I already have a ILP with RM100 per month. Recently be introduced by my agent about GE savings plan & income protection/ whole life protection plan.

the income protection plan (RM200 per month) seems quite good, forced me to save some $$ at least, and also comes with some protection.

Any comment. Really need advise and comment.

Me currently on ING Mediplus, R&B180, AL 110k, LL 300k for RM7XX premium with ING Living Cover 50k at RM5xx. Annually paying RM13XX.

New plan from GE gives 40k death benefits + additional sum assured plus total investment value. TPD 40k. AL120k and LL960k
Medical R&B180, In/Outpatient as charged with 10% co-insurance. Waiver benefit RM1800/yr. Annual premium RM1800.

What I have is non ILP but agent encourage me to commit to ILP as money not burnt all with waiver and cash value return after 20 years. Anyone familiar with GE ILP?

Ask the agent to show you the allocation rate and how ILP works..if he knows what is about ILP

GE ILP dont have RM180 plan.

ur agent lie to u?

Dear Sifu's...

Can i know what is the advantage and disadvantge of co-insurance?

I bought an medical card from GE for my son and last week, my son has been admitted into hosp. total damaged is 4.5k

I need to fork out RM450 for the co-insurance.

After that, someone told me that AIA do not have co-insurance unless the hosp fee is exceeding the limit.

Right now, i'm abit confused with this co-insurance thing...

My mistake. Its R&B200.

Plan with Co-Insurance - You dont need to pay for the 10% payment AKA co-insurance

Plan without Co-Insurance - You need to pay out the 10% payment of the charges by the hospital.

With co insurance, you need to bare 10% co insurance or maybe 20% if you exceed R&B limit.
Without co insurance, you don not need to abre anything.

Generally, the insurance cost for no co insurance plan is higher. Nothing is good or bad. Just what you need the most

Then consider average.

My GE ILP
R&B RM200
TPD 12k

RM1200/yr

u no include 36CI? premium waiver if kene 36CI/TPD?

Hi, co insurance is basically the sharing agreement between the you and your insurance company under a health insurance (medical card/health card) policy which provides that you will cover a set percentage of the covered costs after the deductible has been paid.

So the lower the co insurance the better, or health insurance without any co insurance the best because you dont need to fork out any money upon admission (if admitted to insurer panel clinic/hospital).

Just got extra info,

GE ILP
R&B RM200
Death/TPD 40k
CI 40k
Annual premium RM1800

compared to current
ING Mediplus, R&B180, AL 110k, LL 300k for RM7XX premium

Agent showed me projected benefits after 20 years gives total premium paid = cash value
Wonder how true is that....Thinking RM1800 is too much for me.



This post has been edited by catsper: Nov 5 2011, 11:20 PM

Hi, catsper,

Just drop by this website.

Would like to drop little comments or help.

You mean the annual premium of 1800 is too high for you right ?

I suggest try to ask the agent to quote a lower premium with the same benefit and see what they say ?

The reason why is because the following:

If it is a unit-linked policy ( usually you could adjust the premium while maintaining the coverage) in this case, if you lower the premium, the difference will be the cash value.

If it is a traditional policy (not unit-linked) , then the premium will be fixed. The premium change is not as flexible if you want to maintainthe same coverage.

Hope this provide a token of insight. ;-) But of course, nowadays the insurance is very flexible. Im sure you know what yourself want or need. Just voice what you want and need.

.

---

Added on November 6, 2011, 12:16 amWould like to add one more points.

If it is a unit-linked or investment-linked product, the projected cash flow Is NOT guaranteed. Be aware of the interest rate , or earned rate, or investment return used in the projection. Nowadays, company would generally project the benefits around 1% to 10%. This will be based on the company past experience. Futureinvestment return will definitely be different.

Any question, just drop me a message? Would be glad to help. ;-)

This post has been edited by Pkchong: Nov 6 2011, 12:16 AM

AIA have lifetime limit on outpatient kidney/cancer treatment which is a big no no

logically thinking, when you don't need to pay co-insurance, do you think the premium should be higher compared to when co-in is involved? the question is, do you pay co-insurance more frequent or premium? the answer is of course premium since you are paying it monthly/quarterly/half-yearly or yearly. so in the long run, which one do you think you will save more?

Not necessarily true.

Let me take Prudential VS Allianz

Prudential have co-insurance but the Allianz don't have.

Just compare the MC then u will know.

http://4ze.us/dM5