FYI,

company does buy group policy for you, bear in mind, that is somewhat a key person insurance, something similar. Well, some even come with medical card.

However, if you pass away, your company might receive 1 million, and they have no obligation to pay your family that amount, because the main purpose the company buy this insurance is to protect themselves more than you. You can check this terms at your letter of offer.

Some company will state that, if anything happened, you will be paid, say 24 months of your salary, things like that. A lot of small companies, most of the time, take advantage on it.

The best way, is to buy yourself a policy.

Of course, the earlier you get one, the cheaper is it compare with later age. When we get older, we might get disease we dont know. So try to avoid it.

Buying insurance is meant for protection, not for investment.

Well, the investment, if gain in large sum, might able to cover your premium in later age, so that you dont hafta worry about it.

Ya, if you wanna go for the cheapest way,

get a term insurance, with medical card.

Actually this might be the best ( In US, theer are ppl saying that, all we need is term insurance + medical card ) The rest we hardly use it

Make sure you pay your premium monthly, not half a year or pay full for a year.

So that your unit trust can go on cost averaging down.

FYI, last year a lot allianz investment link lapse, because their fund was not performing ( -40% ), and most of the policy pay one shot for a year.

As i mentioned before, term insurance with medical card might be the best choice. The only issue you need to deal with, is the medical card.

Traditional products, especial those so called policy that only need to pay for 10 yrs or 20 yrs; or cover 3 generation, please do not buy.

comission 25%

traditional product 30 - 35%

MRTA 10%

Ethical agent should ask ppl pay their premium monthly, not yearly

bro,

different people got diff needs.

Unit trust are meant for ppl who dont have the time / dont know what the market is, that is why they pay hefty front end load for the fund manager's expertise. foreigner a lot buying unit trust because the charges are cheaper. Malaysia will revamp their structure soon.
there are even fund of funds, where fund manager use the fund to buy another fund, just to get wider exposure and diversification.

pjstreet@com, insurance is only for protection, not for whatever bonus. Having such concept in your mind is easily to get trapped

definition for disability for general insurance & life insurance is a bit different, make sure you understand the product before you buy.

anyhow, dreamer101, we are in malaysia, so no choice @@"

Just understand your needs and buy what u think is suitable. Too many ppl dont understand what they are buying.

Insurance company giving training to new comer, is more on marketing, to persuade ppl buy, more than let them understand the whole thing. Well, comission ... is the culprit... duh *

Bear in mind, when we talk about investment, there is no guarantee.

do you actually know how insurance company operate ? Please understand it, and you will understand what we are talking right now.

Basically insu company jumble them up, so they can earn more.

Why do you need insurance company to help you save money? Moreover their return is ......

Well, diff ppl has diff needs.

Business man got a lot of ways to avoid tax ...
if u can earn 100k a year, then startup side business, and use it to avoid tax legally. A lot business man, apa pun own by company de.

hahahahaha .....

endowment plan is not a good saving method.

Investment link seems providing a better way, but the control of the money is not there. If you are nuts in investment, well, probably u can study some fund and pay a hefty front end load for it. Otherwise, learn how to invest in property/ stock market/ do business.

if every month you save RM 500 and you have the way to invest it with montly compunded return of 5%, you will make a fortune. Dont waste time in unit trust. Most of the fund in the market sux.

Dont hafta talk so much about plans, do the calcs.

that is just marketing lo