hi, my insurance agent keep on asking me to buy investment link life insurance which i'm not interested.

do u guys roughly know how much the premium for the following term life insurance and which company offer the service?

profile: make, not smoking, healthy, 30 years old
insurance coverage: RM400,000, level coverage, critical illness, 10 years term life without cash value.

Get a term is okay, but mind my asking why only 10 years and not till you are retired?

Level term means the premium is precalculated throughout the term and will not go up once every 5 years.

hi, that's because I review the needs of my family every ten years and do adjustment accordingly

Understood. If you need a quote, do PM to me your email address. Thanks

I heard some AIA agents mention that AIA now covers Singapore and Brunei? How does it work?

Is the AIA medical card can be use in Singapore as if its in Malaysia? Or it is based on customary cahrges and based on reimbursement basis (pay first claim later).

Please advice, thanks.

This post has been edited by roystevenung: Aug 11 2013, 08:51 AM

you are insurance agent too? if you have pdf file can send to me, just pm you

You can expect around RM1800 annual premium for the above benefits

That works out to 150/mth.

I have a question to ask agents... I've been having trouble to get agents to quote plain term insurance no cash value.

Are term insurance to insurance agents like people ordering plain water to coffeeshop owners?

Anyways, throwing it out there. I have the similar profile with the other person. 30 years old, no smoking, no family diseases. 400k coverage.

My career requires me to go offshore working in Oil and Gas (but will be office based when I am 40 years old).

How to quote for cheapest till age 55? Quote a plan for 30-40 years old then change a lower risk profile plan from 40 to 55?

Yes, for AIA...

those Malaysian who are working in Singapore or Brunei are eligible to use the medical card as usual.
it is not as reimbursement basis

Because of cost-benefit factor. Investment linked costs the same but brings more value with longer protection.

Cheap doesn't mean good but that's entirely up to you to decide.

Term is fixed and can't increase in sum assured and has no medical reimbursement benefits as well as no cash value to pay for increasing insurance costs in the future.

Term is more to basic coverage while investment linked is more comprehensive and flexible.

When u get a plan at age 40, the premium will definitely be higher because the costs depends on the age.

So its not advisable to change your plan at age 40. Upgrade current one will do.

Is it an added rider to cover for SG and Brunei?

For Prudential, we only have level term and not pure term (premium goes up every 5 years) like in the 90s.

If you need a quote, then pls PM to me your email address. Thanks.

nope, its a basic plan that provide this feature

Okay thanks. Will let you know if prospect want to look at this.

haha im not agent... just a staff of AIA... but i can help the prospect if they are interested...

i m helping my friend to ask a group insurance . he is dealing with heavy machine industries.

but i wonder should he buy 1 to 1 for each workers or he can one shot buy a big premium and cover the whole group of employee ?

thx if someone able to give details on this ...or whether which is better and cover what ?

Its usually bought through a company under group insurance . . . where individual insurance is too expensive
if related to heavy machinery.

There are few types of coverage depending what your friend is looking for . . .
a. is it cover for foreign worker
b. is it cover for local
c. What type of coverage he is looking at . . . . life? PA? Medical & etc?

all local worker ....mainly is for the foreman

Question C , i would like to hear some suggestion from you guys thx ....

usually company will buy medical card package under a group package...
very seldom get PA or Life policy from your company....

There is good and bad about individual and group.

Since your friend is dealing with heavy machine industries, if your finance allows, it is suggest to get PA for all workers and 2nd is medical protection.

If by group, it means all workers shared a sum of amount, it is cheap because it's only cover till the retired age (either 50 or 60). it might either beneficial to the family or the company. It might be bad for workers who is retired/resigned /sacked because they can't have coverage once they leave the company due to group insurance.

If your friend is genuine to workers, it is wise to provide them individual plan as they can have full benefits of it and can be renewed once they sacked/resigned/retired up to age of 80.

It is advise company to get insurance protection for employees as it will reduce the cost and problems if anything happened to the employee. Risk control.

If you need more information or any inquiry, you can pm me.