Thanks HH, great explanation!
I will pass the msg to my bf and let him to decide

What u say is exactly true. The plan he got from Pulbic Mutual covers until 70 only. Thats also one of the limitations.

Sifus-Sifus sekalian,

First of all, I'd like to thank everybody here for contributing information, ideas and discussion for this thread, it really really help a lot.

I took up insurance a couple of years ago without knowing what is covered and what is not, and have no idea what I'm paying for.

I need your advise here, I have 2 insurance policies with, but I would like to start with my first one (ILP, I draw out the detailed below from e-Connect site, so most probably GE insurance agents can dicypher the information below):-

Total Installment Premium: 150.00 (Pay monthly, I was told by my agent that the premium payment stops after 14 years)

Details as follows:-
--------------------

GREAT PROTECTLINK INSURANCE    100,000.00
CRITICAL ILLNESS BENEFIT RIDER  100,000.00
IL-HEALTH PROTECTOR                    200.00 <- this guys comes with my car-plate registration number attached to it

ILP FUND DETAILS
Fund Name  Fund Units Price Eff. Date  Bid Price *Fund Value  Apportionment Rate(%) Fund Due Date
Lion Strategic Fund 824.48  27/08/2010  1.56  1,289.49  100.00    13/09/2010

POLICY VALUES
Surrender Value of SA 0.00 Net Surrender Value 0.00
Surrender Value of RB 0.00 Net Policy Loan Value 0.00
Surrender Value of TB 0.00 *Total Investment Value (for ILP only) 1,289.49
Gross Surrender Value 0.00 Accumulated RB as at  0.00

Alright, the data above might be a little scrambled, hopefully some GE agent will be able to make sense out of this, my questions are:-

1. For monthly commitment, am I paying too much for a month for the above?

2. Is the coverage sufficient?

3. For the 'investment-linked' portion, does it look good? (Well from what I read so far, investment-linked doesn't really cut it out..)

4. Can I restructure the premium (to be cheaper) and allocation so that I adjust the sum assurred to be higher or something?

5. Any other information I need to be aware of? I tried to reading the darn policy document...can't really understand much though...

If there's anything, I willing to meet up with any the agents here. Basically I need more information, more comparisons and options. Much appreciated guys.

Thanks & regards,
Z Yuan

Thanks for the prompt reply!

For 2:-
$100,000, is this sufficient for any operation and hospitalization, I mean for the current medical trend in Malaysia now?

For 4 & 5:-
How do I find the rider portion in my policy? Is the 'investment-linked' portion's the rider? I'm just thinking if there's anything other that the medical benefits and IL portion, I thought of taking out (hopefully can decrease my premium a little)

My current servicing GE agent haven't been turning up lately. I do some spend some time on the phone with him on asking him to explain my policy, but the explanation didn't really drill into my head. Plus, my credit card for auto-debit expired, I wanted to meet him up so that he could help me update my credit card details...he hasn't called / turned up yet...=.=;

-- Z Yuan

Alright, another thing for this Life insurance, what am I suppose to look at? What's the main purpose of life insurance and what is the expected premium like?

From what I'm thinking, is there any policy that can do the following:-
1. If I die, a natural death / accidental / CL / went missing (probably die from earth quake, can't recover body), this policy would be pay x amount of money to my nominee? (Let's say pay to my wife or dad)

2. If the above happened, the policy would able to cover my outstanding loans and debts, don't have credit card debts though, but house loans most likely

Would a typical life policy able to do this?

All comments are much appreciated!

-- Z Yuan

Yes.

20% rules still apply.

But one of GE claim that it will not be charge if its FORCED case.

http://cforum1.cari.com.my/viewthread.php?...e=2#pid81262576

Any GE agent here?

Hi guys, I'm seeking advice for insurance for myself, but I'm still a student yet I can't really afford to get too expensive insurance.

Mind to intro which insurance company that has better offer? or the pro N cons.

to me life insurance , medical card policy.
will buy when i getting married.
of course for protection when go for operation. need a lot of money.
and when died, my wife still have a stable life.

Its still same.

If u no believe u can ask the agent generate COI.

For example now u 25yr old,COI is RM100 but when u 30 yr old COI is RM200

Then you can ask agent to quote another ppl which current age is 30 yr old the COI is also RM200

Yes but doesn't translate into the COI is same when u start buy the insurance.

Let say A buy insurance at 25yr old COI is RM100 then 5 yr later the COI is not the same already it RM200 already.

B buy insurance at 30 yr old,the COI is RM200.

So its the agent told u that buy early then the COI is cheap is completely a lie.

I toking about ILP

Looking for PA standalone.

Any recommend?

I'm at Australia currently, just a student, but I'm from Msia. Currently holding medic bank which doesnt cover much as a insurance.

Well, I'm thinking to get one as a "insurance" for myself and possible a little investment, I know it's a long term investment, but I wouldn';t mind start small.

I do plan to go bck Msia la but then it would be better if there is an oversea insurance coverage as beside the medicbank that every student must have, i think it would be better to get one for myself.

if u work at SG but stay at johor still can

i'm 21 this year and non-smoker, can anyone recommend me which insurance shud i take? prefer rm50 permonth

Hi, I need some advice about medical insurance. I currently have a medical card from my company and I don't own any medical/H&S insurance myself. I'm wondering if I should buy one for myself now or wait to buy one when I'm about to retire? If I only buy the medical insurance later in life, I save quite a bit of money.

From my understanding, the premium for medical/H&S insurance is not fixed like PA, where PA it's good to buy when young.

pls let me know if you need more info,tq