how many people out there have done this?
i need more details on this
can i just walk in into any branch?
would they happily entertain me provided i have all my documents ready?

different rider might be eligible for different tax relief..

amalthea,

i dont know how many do this. i am doing it for my family for years now. and i have a lot of friends who do the same. MSIG used to be fussy with giving discount (but all accept walk ins!) but now they also give full agent comission as discount. only thing: if got claim you'll have to talk to them. but thats no problem - their claims ppl are nice and help you through. did a few claims before, never any major issues (again MSIG was very fussy in the beginning but it was a huge claim too). MCIS was especially curteous and they ended up paying more than what i would have asked for after their adjuster visited and upped my claims now about that i dont complain. personally i dont feel/see the need for an agent if i know what i want to get and i can save at the same time

Hi there,

To get the discount, do I need to "walk in" every year?

What if I opt not to have agent and gave the insurance company standing instructions to charge annual premiums via credit card at the time of each renewal? Will I automatically get the discount?

no need to walk-in every year. you might have to "ask" for the discount if its not given automatically since you're an existing customer who apparently is paying full. MSIG started last year to extend the agent comission to us without (!) asking - during the past 10 years they have always refused to give the discount but then started to do so by themself. the other insurances i ask first time around, normally the renewal notice already has the discount taken into account. if not, can always email / call them. never been an issue in the past.

Hi there, you've got PM

Thanks

the company will provide u a statement for tax relief purpose
inside there u can see the amount categorised properly

Any insurance agent who is selling a standalone disability income insurance plan, please PM me.



Source:
http://www.muicna.com/article-127.html

i have some query regarding MLTA

my agent told me that i can assign my current insurance to MLTA. From what i understand, MLTA is some sort of life insurance, right?
but my agent advise me to assign my CI for MLTA, is that ok?

MLTA = insurance for mortgage....
Do you have extra coverage?
if not, i think, you better don't assign it..
let your beneficiary to think about what to do with the fund..

hi, thanks for reply. so, does that mean, CI can be assigned as MLTA?
my CI is 250K, while my loan amount is 135K
how do you think?
the beneficiary actually is my mom

As long as the policy is yours, you can assign to the bank.
But what for you assign it to the bank?
if you assign, you can get better rate?
btw, i dont think you can assign only 135k to the bank..
are you married?

MLTA/MRTA is actually insurance..
which means, if anything happens to you (for your case, critical illness/death and tpd), 135k will be used to repay the loan, and the rest 115k for your beneficiary...
why does your agent ask you to assign to bank for the first place?

Any good life insurance to recommend? Basically more on medical. I am worried about falling sick and i am picky about being in uncomfortable places, thats why i want to have insurance. Any recommendations?

yeah, you never know what happen in a few second next, try to read from this source =Test Drive Your Insurance - Insurance Review for the best Insurance Policy, helpful for me

---

Added on October 11, 2010, 10:57 pmtry to read from this source Test Drive Your Insurance - Insurance Review for the best Insurance Policy
This post has been edited by kellysmith: Oct 11 2010, 10:57 PM

There is not BEST policy in this world. But there are policy that might suits you.

no, i will not get better rate if i assign it to bank loan.
i'm still single, what is the difference between single and married? mind explain?

my agent advise me to assign current insurance to the bank because if possible, i dont wish to increase my monthly spending on insurance.

currently i have one term life insurance 100K, CI 250K, and premier CI 25K with cash value
monthy payment cost 12.5% of salary.

Then i don't understand why they ask you to assign to the bank. For me, i will not assign to the bank because after assigning to the bank, you have no rights on the policy anymore. Just my 2 cents..

is it term? non par policy?
which means, if death= 100k+250k+25k+dividend
if CI= 250k+25k+dividend and upon death RM 100k?
how long is your term?

If anythings happens to you, this fund will be paid to your mother. She has fully control of the fund.
But if you assign to the bank, the bank will fully repay the housing loan first. Then only pass the remaining to your mum.

Oh, regarding single or married. Before married, parents as nominee then the policy is a trust policy. If after married, then parents are not trust policy.

hi, i'm very appreciate for your reply. i have 3 insurance
my term life@70, worth 100K if anything happen to me
CI 250K, no dividend, no value
CI 25K, with dividend, value grow by years

i understand that its better to assign a new life insurance to bank, but my current spending on insurance exceed 12% of my monthly salary, futhermore i haven't get my medical card yet, which i wish to buy later.
so, i'm now really no idea how to settle my MLTA.

i have a plan called sheild plus from Allianz life insurance, rm98/month will cover;.
1. self accident death or TPD:75k +100% premium paid return
2 public transport death or TPD:150k+100% premium paid return
3.nothing happen :100% money back after 10 year maturity
we cover for natural disaster death as well, animal attack and 3rd party attack
more info call me at 0162210523 sms also can, i will call back via Allianz HQ line..

regards
amin


more info sms me at 0162210523
or

250k term @70 also?
Hmm, actually, you are secured at this moment even you don't assign to the bank.
If anything happened to you, your beneficiary will still get the money.
If you feel not comfortable, you can just assign the 100k term life to bank.
btw, how come you need so much coverage?
total of 375k..