Hi Joseph,

I'm looking to ride on a medikad on my AddVantage Plus. I just want a fairly basic coverage, tak payah sampai stay in single-bed hospital room.

SmartMedic 150 or 200? And SmartMedic Enhancer looks to me is more of a "luxury" than a "need"

Pls advice

u really

"It is not advisable to terminate a policy in its early years due to ... ... ..."

吉隆坡. U banana ka?

My agent is usually at Taiping

This post has been edited by Pink Spider: Mar 11 2013, 07:14 PM

seriously, sometimes I feel that most agents don't like knowledgeable clients like me bcos I ask too much and I know my maths

aku orang kl

Ok, i think i pick the middle package will do. thx.

btw, add on medikad, kena submit medical repot? my policy bought a few years ago

ok, all my queries settled, thanx Joseph

When insurance charges > (accumulated) premiums, your policy will lapse and the coverage terminate.

That's where the policy projection comes in handy...

The agent will do a projection of insurance charges, and he/she will propose a monthly/annual premium that should be sufficient to cover the charges.

In the early years, your premiums paid will exceed the charges by a comfortable margin, that is when u accumulate your cash values for the later years when your premium paid might not be sufficient to cover the charges.

Of course, the flexibility of Investment-Linked Policies allows you to top up your premiums and/or increase the regular premium if you wish to.

Btw, I'm not an agent, just sharing my knowledge.

U start early hence build up the cash value "reserve" early with the excess of premiums paid over insurance charges, the "reserve" will help u cover the shortfall of premium vs charges in your later years.

Calling Great Eastern agents...

29 yrs old male, non-smoker
RM150K assured for life and TPD
Great Income Rider (RM500 per month)
SmartMedic 150
Premium waiver on TPD/CI
No need for CI cover cos I got another CI policy already

What is the optimal monthly premium I need to pay (minimum required to keep policy from out of cash to pay insurance charges)?

Reply here, don't PM me, thanks.

No, because I already got an ILP with GE, a few years already. I wanted to add on a medikad, but my agent keep persuading me to top up my premium. So, I just wanted to check with other agents whether I can maintain my premium.

This post has been edited by Pink Spider: Mar 30 2013, 11:58 AM

Roy Steve, some insurers already launch policies that pays on initial stage of CI/DD, but not full la, only partial payout.

This post has been edited by Pink Spider: Mar 30 2013, 02:36 PM

Hi there,

Thanks for the reply. My current premium is at 200+/month, and he said takut not enuff

This post has been edited by Pink Spider: Mar 31 2013, 03:55 PM

Eat nvm, its expected since i buy for protection. Janji jangan lapse

Eat nvm, its expected since i buy for protection. Janji jangan lapse

I think something not right with ur GINCR...RM15K a month??? If i tak silap, GINCR pays 10% p.a., so to get RM500 a month, need sum assured of RM60K. I just checked my policy, my GINCR SA=RM120K. I'll keep it untouched.

And I got Waivrr of Premium "Plus", I understand that it also waives on CI/DD, no?

Thanks~

I'd b more than happy to be cacat and take 15k a month

RM15K for GINCR, means Sum Assured RM150K, correct?

My premium waiver plan code is U63 - IL Waiver of Premium Plus.
U sure no waiver on CI/DD? Contrary to my understanding la...

Anyway I don't think got CI/DD waiver or not won't be much impact, I guess I can safely reach a conclusion that RM200+ a month should be fairly comfortable for my coverage.

Thanks ya...for helping even though u know for sure I ain't gonna be a prospect (at least for now)

My policy GINCR's SA = RM120K
Means if I kena TPD, I will get RM120K x 10% = RM12K every year, right? I have the plan document with me

Mine is AddVantage Plus, GE now no longer offers it. This plan will increase the Sum Assured on Life/TPD by 5% every year for 20 years, so that on policy year 20 the SA will be at 200% of the initial SA. Probably my agent is worried about my cash value not enough to cover for the insurance charges at later years when the SA is high. I guess I have these 2 options:
(1) manually reducing the SA to override the 5% a year auto increase of SA
(2) if I need the increase of SA, pump in Premium Top Up

Thanks all~

I know what to do now

This post has been edited by Pink Spider: Apr 1 2013, 11:42 PM

Pls share how u do it