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?

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

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?

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.

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.

ya, total of 375K coverage 
when i bought, i have zero knowledge about insurance as i was newly graduated that time
thats why my agent said i could not buy a new MLTA as total coverage would exceed 500K, which need to do mecical check up and need to make application from insurance company

actually my bank loan had approved months ago.
i'm just worry if anything bad would happen if i didn't assign insurance to the bank loan.

thanks for your helpful advise 
i think i will assign my CI to bank and my mom
then in future, may try to look for a medical card which suit my need
i'm now already invest around 10K in public mutual, but the return is very slow
anyway, its long term investment, i can wait.
for other investment, i still need to study more before start

Anyone know more about this plan

GE protectlink?

I can't find at GE website

I think already surrender, and the payment has been made by main branch. The main problem is no one is doing the following up work and it's my fault to have trusted the agent completely.    Do you think it'll work if i write a letter to the main branch, stating the agent in charge and hope that they will take action on her?

i have a dilemma, i took XX  life insurance  pay for RM200 per month ( starting 2007)  this cover only if i'm dead  ... and if i live  up till 2027 , i'll most likely get around 40K++ . If i got illness , the insurance only cover me RM50.00 ( ), now i am confuse :-

1. should i stop this insurance (75%  only  can be claim)
  , took another insurance  which cover medical  ....
    am going 30 next year
2. still pursue this insurance and get another medical insurannce that can
  cover me for medical purposes .. RM50 per night??? sound ridiculous

* i took life insurance policy , only after 4 years can terminate the contract and get 75%  back

Anyone know for ING ILP plan

Let say Mr A buy 100k life/TPD and 100k 36CI.

If Mr A kene CI,he claim 100k, then Mr kene TPD again,so can Mr A claim TPD 100k ?

Is it work this way?

Or only can claim one of it only( TPD or 36 CI ) ????

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.

Health expenses are actually quite manageable except when terminal diseases of cancer, diabetes strikes.

Cancer treatments commonly available in Malaysia include chemo and radio therapies. The next gen, already popular in more sophisticated societies are Molecular Targeted Therapies, where only the harmful cells are targeted. Downside is, cost for an advanced cancer can go as high as RM500,000 per treatment. Other than the rich who needs no insurance, insurance is the best way out for most of us.

Diabetes or specifically kidney dialysis is ever recurring and very costly.

Now why are AIA and AXA policies the worst: -

1. Look carefully at the contractual wordings aka fine prints, you will see that cancer out-patient and kidney-dialysis are the only 2 classes of treatment with lifetime cap.

So a promise of RM500,000 lifetime limit is not very useful when cancer outpatient is capped at RM20,000; right?
And kidney dialysis capped also at RM20,000.

Allianz policies do not cap, as long as the lifetime limit has not been exhausted, you can continue using the limits allocated.

2. For non cancer and non diabetic (kidney) related treatments, insurance companies don't lose alot. A complicated triple heart bypass only cost RM30K - 50K everywhere in Malaysia, that is nothing.

That is why the only company that make handsome profits from health insurance policies is AIA.

3. AIA policy even has stage claims, if you read the contractual wordings for all health products, you will find AIA's products most complex. And it is hardest to claim. That is why they offer the highest limit.

4. Co-insurance. Allianz is bad in this area, because if room and board entitlement is breached, 20% of overall bill has to be absorbed by the patient. ING & GE does not have such requirement.
5. Excess. Look out for excess in health insurance policies, introduced in 2006 by Bank Negara intervention. First RM500 or RM1000 to be paid by insured, to curb suka-suka masuk hospital. Modern day policies do not have such clauses anymore - if u have pls change.

I don't want to sell the UT to cash out 1st.

I want to wait the right time when the UT is high price then only cash out.

So there is it possible to keep the UT but cancel all the rider+basic/life/tpd ?

izit good if a insurance saving plan is 2 in 1??which de saving plan is with de interest of 4 to 6% per year??

may i know any type of medical insurance that i can buy for my parent ? they are now 45 and 50 years old and i am working now...thanks

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Added on January 9, 2011, 9:49 pmmay i know any type of medical insurance that i can buy for my parent ? they are now 45 and 50 years old and i am working now...thanks

Is Allianz rate better than other insurance?

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.