So many questionmarks to understand this product. Take the highest plan (Package 1), This is strictly PA plan which cover TPD=RM100k, PA death=RM400k.
1. If insured person died not due to accident, insured get nothing?
2. what if insured person lost of 1 leg? any jackpot?
2. rm1.33 per day based on age below 1. what about 40? or 59?
3. Let say insured age 45 now, and maturity of this plan is 15 yrs. how much would insured person got refunded?

sorry for the previous wrong info..... basically the AIA medical card its reimbursement basis if the treatment is in singapore/brunei

So Roy,

I am helping my friend who on;y finised SRP. ( form 3)

is it not bad to let people pinjam your inflation and u get cover of life and TPD?

accident dealth is entitle  of 400% of sum assured.

Also this chart what does it mean.

"buy if for coverage"  are not part of  insurance purpose is to cover risk like death due to accident?

So my friend is let bank pinjam the inflation to get himself cover for risk. Is this a good product? considering he is low income lorry driver but worry about what will happen when he carry those vegtbale from cameron to singapore weekly.

the beneficiary is the friend's wife

Just to share - since i've gone through several hospitalization insurances for my new born recently.

Findings (based on $200K/yr in-patient coverage + $200K/life out-patient coverage, with total life time limit of $1.25M):
1. holy cow.. if i keep paying the yearly premium, i'd have paid $750K+ to $780K+ for age 0 to 99 years old.

2. Premiums jump HUGE at age 64-66 onwards

3. Age 0 to 5 is the most expensive,
then it goes down
and up again till 40s+ when the premium goes back up to similar to 0 to 5 years old cost.
Cost here is in simple terms, not inflated pa%.

Thus, bottom line - whoever that says insurance is a MUST, U may want to think again on achieving enough or more than enough to self insure. Insurance is just risk transference AT A COST
Think lar - insurance companies are profit oriented - U transfer risk to them, U think they dont add admin cost + profits before charging back to U?

Mind U - IMHO, insurance is needed to manage risk until one can manage / self insure. I'm not saying insurance is a bad thing or not needed at all.
Ahem.. to arguers stating we need insurance to drive a car, alo use brain lar - i'm talking about optional insurance lar, not Gov required ones. 
Yes yes - i can read your minds <U know who U are>

Hello sifus, I'm 23 years old, male, and non-smoker. Recently I've been quoted with the following insurance coverage:

Life: 100k
36CI: 100k
Early care 36CI: 50k
Monthly premium waiver: 2400/p.a.
Medical room: 150
Medical card: 100k annual limit, increase every 2 years if not used much
PA: 50k
Monthly premium: RM 200
Coverage until age of 80

Are all the above suitable for the age of mine? Is there any rider that I should increase or decrease?

P/S: If I increase the PA to 100k, the monthly premium becomes RM260.

Please advice~ Thank you very much..this is my first insurance btw.

guys, may i know is investment-linked insurance products, such as those savings plans, can those products help us to save our money and gain higher interest as compared to commercial banks?

As what I've read, you mentioned that insurance savings plan can achieve higher return as compared to FD but according to roystevenung, insurance is not meant for savings nor investment. May I know why?
I've read your blog before and I am also aware that insurance charges will increase as we grow older but the question is the savings plan is not really meant for savings? It's only purely for protection? Are you saying that when we purchase an insurance product, we are expecting something bad will happen to us, e.g. critical illnesses and TPD, so that we dont have to pay the monthly installment anymore?

Am wondering,

Is there any insurance packages that covers for loss of employment too ?

Bro - imho, best to use insurance for coverage and invest the difference (ie. ILP what not), unless one is totally deficient in common sense and simple maths.

Reason:
In the real world, hitting 5%pa to 6%pa is quite do-able with a mixed approach of asset allocation in FD, Bond funds, stocks or equity funds, REITs or properties or REIT funds. The long term average should be around 7%pa to 8%pa if done systematically for a common person.
Do those ILPs promise at least 5%pa? hell, 3%pa to  4%pa?
No? Promise as in written guarantee in the policy wor.
No right? Ada ka?
Why not? Shock - horrors... may be so that they can wriggle their way out of it neh 

FYI - my AIA insurance, from 1991/1992 to 2005/2006
Can't even hit 6%pa and this was during the time when FD was 10%pa+/- AND with the KLSE on a golden bull run (buy anything and it flies)
Why?
When i called AIA & asked whether i still needed to pay monthly coz way past "critical year" liao, they said yes - gotta keep paying
When i asked how much longer before auto-self funded? They said about 5 years.
When i asked whether this is FOR SURE? They said no.
Alo - based on my calculations, they didnt even hit 4%pa on average long term returns + i bought the donkey thing when i was 19/20 years old.

Final opinion to share using "cars" to relate:
When U want a reliable & safe car, U go & buy a reliable & safe car like say Volvo right?
Do U expect it to perform like a Ferarri (speed like mad & handles like whoa..) and a Pajero (off road & mountain climbing)  and be fuel efficient like a Kanchill?
If U buy a car that has all 4 vehicles' features - how much U think it'll cost? AND how U think it'll perform its main criteria of being a reliable & safe car VS a Volvo? 

Just a thought 

a person above age of how many are not allow to purchase saving plan insurance?? (AIA)

why my PRU agent told me to pay 1st then claim ? because my insurance have not reach 120days . if i have no money tp pay 1st then how ?

hi roy , my baby was only 2 month and he had flu(cold) just minor only and i ask for admit because got doctor took take care over him . i just wanted to know how i should pay 1st then claim ? i wont my insurance just cover for me ?

yes Roy already past 1 month period and i got my medical card but agent told me i need to pay first then take receipt to claim later  . Why not the medical card settle itself ?

sifus here... I want to seek some advice...

I already have an insurance plan (life+medical+pa). However, this plan do not cover ladies related illness.

If I want coverage for ladies related illnesses, is it better to add on to my existing plan or get a new one?

yes i go to island hospital and it was pru panel hospital right ?!?!

Allianz

thanks Roy . i dont know why my agent told me to pay 1st then claim later .  now im so suspicious with my agent why told me like this

Thanks for hooking me up with Pru SG bro 

Hi all,

My boyfriend is in his mid-30s. Is the insurance coverage in Plan A sufficient (for "the rest of his life" and assuming he wants to protect his wealth as in not wanting to use any significant amount of his own money for medical expenses) or should he go for Plan B (which is double the premium of Plan A):

Plan A
Medical insurance: RM150k annual limit, RM750k lifetime limit, good outpatient cancer/kidney coverage)
CI: RM70k for 5 most common critical illnesses
PA: RM180k

Plan B
Medical insurance: RM250k annual limit, RM1.2 million lifetime limit, good outpatient cancer/kidney coverage)
CI: RM220k for 36 critical illnesses
PA: RM180k

Yes, he can afford Plan B but will he be buying too much insurance and thus wasting money that could be better used for investment? Please advice  - thanks!

i understand if the women protection is a stand alone then it will not share with life insurance but
what if the women protection is a rider to the life insurance?