INSURANCE TALK, ok let start
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 Aug 12 2011, 05:19 PM
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#1
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Junior Member
77 posts Joined: Jun 2011 
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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. |
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May 17 2013, 12:30 PM
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#2
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Junior Member
77 posts Joined: Jun 2011
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I'm interested to buy a term-life policy for 1 year, renewable. Is there such a product in the market?
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May 17 2013, 01:04 PM
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#3
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Junior Member
77 posts Joined: Jun 2011
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QUOTE(ExpZero @ May 17 2013, 12:42 PM) You are advisable to get Investment link with life protection only as the insurance charges in investment link increase every year. The reason you advice to get investment link is because it is much cheaper? I just need the basic coverage.You may reduce or increase according to your needs every year but it will underwrite on your health status on the application time. It works the same as what you need now as 1)term policy for 1 year. The insurance charges only charge you the current age mortality charges with renewable feature as long as you pay the premium. 2)renewable, If you choose not to pay, it will lapse on its own.  Planning of buying for a 39 years old, male, non-smoker for sum insured RM100,000. Do you know the what is the estimated premium? |
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May 17 2013, 03:02 PM
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#4
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Junior Member
77 posts Joined: Jun 2011
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QUOTE(joseph8 @ May 17 2013, 01:58 PM) Basic coverage as in death, total permanent disability, 36 critical illness and medical card? Just Basic coverage as in death and total permanent disability. 36 critical illness is not necessary. No need medical card. Most likely will keep 3 years max only. |
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