There are standalone critical illness plans in the market. One of them is from AIA. Other insurance companies, I don't know.

For TPD benefit (accident), personal accident plan is good enough. Certain PA plans do provide disability income for several years like 15 years in addition to one lump sum of compensation. However, TPD due to a critical illness is not covered by PA and it will be covered by critical illness plans and life insurance.

lin00b,

<<as a single person without dependent, i only need enough life insurance to payoff debts that can get transferred to next-of-kin and NOT the 3-4 year gross salary.>>

The GREATEST FINANCIAL RISK at this stage is NOT death.  It is DISABILITY.  Being YOUNG, if you disable, you have LONGER TIME to live and that costs a lot more money than dying.  Now, the chances of getting sick and CI is lower for YOUNG people.

So, if you want to buy insurance, adjust coverage based on this priority, form high to low

A) PA -> This is cheap and high risk in Malaysia

B) TPD

C) Life

D) Medical

E) CI

How much coverage do you get from your job?? That might lower some of the coverage.

Dreamer

i guess ask:

1. where is it documented the amount put into funds? if it's ILP by name, but yet so little put into funds - what is the use? isn't it possible to go for non-ILP then or ILP with greater contribution?
2. do you need 3D + PA + income replacement?
3. not familiar with medical card, so can't comment here
4. what's the difference between this and the traditional plans? what does the traditional plan offer that this doesn't and vice versa?
5. if you need (need, not want...) the income replacement/surgical/outpatient, then it does sound good
6. the 10% put into funds (i guess unit trust) is not guaranteed. unit trust can go down and up. if it goes down, will it still cover the premiums?

note: i'm not an insurance agent, so the reasoning/advise above may not be the best.

with insurance, hindsight is always 20/20. if something happens, one would look back and say "i should have gotten that policy......" so think carefully what need then go get it. but if you have evaluated and decided not to get it, don't go thinking "i should have gotten that policy.....".

insurance is about protecting current wealth and if you have dependents, their livelihood in the future in case you are not around anymore. i personally DO NOT believe in any returns from insurance. i think if one reads up more about investing, one can easily get similar or even more returns without needing to be locked down with a certain policy. personally for me, insurance should be 100% protection only, and make sure it's something you NEED and not WANT. it's very tempting to make a coverage of RM2million for example, but evaluate how much you need. i've read that coverage of your next 10 years annual salary is a good start, but again, i'm not an expert in these matters.

just something to bring out to discuss.

Merry Christmas and Happy New Year!