Hi guys.
Am planning to get myself an insurance package.

But the thing is, I am a bit short of money, i.e can't commit that much per month for insurance contribution.

Thus, as wondering, is there any packages with minimal payment?
if so, what is the minimum?

I understand that less money paid for insurancce = less attractive package, but am willing to live with that at the moment, until I am better financially.

What does rider mean ?

Am wondering,

Is there any insurance packages that covers for loss of employment too ?

Am wondering,

Is there any insurance packages that covers for loss of employment too ?

Is it okay to have multiple insurance from different insurance company?

e.g life insurance from, say, Great Eastern & Prudential.

Ok, or downright ridiculous?

LOL but how does this arrangement works?
I mean, the tenet of insurance is that, you can't make money from being sick.

So, say, I were to be hospitalized (touch wood), then I can only claim it from 1 of the insurance company.
So it begs the question, why bother having more than 1 insurance coverage?

What's even funnier is the death benefit.
Hmmm we can only die once, right? So, where's the benefit of having two insurance coverage,
when my spouse can only claim the death benefit from 1 of the insurance companies?

Hi all,

Alright, after scouring the vast Internet and its myriad of information, I have now more or less made up my mind.

Please suggest me an insurance plan,
which have the followings (or at least most of it) :

[1] Low premium (haha, if only. Possibly as low as RM50, max is RM100)
[2] High TPD coverage
[3] Inclusive of CIs (36, or is it 42 now?)
* NOTE: I am not overly concern if the death benefit is low, as if I am dead, am not using the money after all. And my God can't be bribed)

[4] If it is an investment-linked, it has to be Shariah-compliant
[5] Allows me flexibility to change riders/coverage amount/allocation between protection and investment, as and when deemed fit
[6] Would be great if it is internationally accepted (e.g kena hospitalize in US of A, the insurance can cover. You see, I do not have ObamaCare) Jokes asides, this is not critical, but would be good to have.

Do rain my PM with your proposals, and may the best man (or lady, for the matter), wins

Hi guys,

Perhaps anyone can enlighten me of the difference between:

Takaful, and
Insurance.

Thanks!

Anyone here an MAA insurance agent?

LOL perhaps you are missing the question there.
The question is, can the co-insurance incurred from 1 insurance policy, be claimed using another policy?

Uiks, am anticipating the answer to be no.

Then how does 1 claim for this?

Provide the hospital bill to 1 ins co, and then the receipt for bill paid to another ins co to claim for the 10%?

Does the insurance company do a check for the policy, with regards to medical declaration?

Or do they wait for the claim from policyholder, then only then they do a check?

If by the time to claim only check, then refuse to pay on the basis of not declaring, then pity the policyholder la.

Don't you think so?

Anyone heard about i-insure, which is a PA insurance coverage,
provided by Multi-Purpose Insurance Bhd?

The premium is only @ RM50/annum!
Coverage is for death, and permanent disabilities.
Sum covered is RM50k.

Link to the site: http://i-insure.com.my/i-insure/index.php

What are your take on this?
Is it good, not bad, or lowya insurance?

Thanks all for the feedbacks

From what I can deduce;

1) No cash value i.e money paid is non-refundable
2) PA only. In case of death, and permanent disabilities. Nothing else

However, am not sure what this meant :
"The coverage is not for death and permanent disabilities, the coverage is for accidental death and permanent disability." Ain't it the same?

And I believe this is better than nothing. But definitely not sufficient to be relying on this PA only. Is it aptly said?

Aha, didn't know that 'accidental' would mean a huge difference!
So one has to be very clear, as to whether the insurance policy they are holding
is for death, or accidental death.

Alright, so let say for this I-Insure thingy:

Scenario 1:
1 fella would want to undergo Lasik treatment, to repair his eye.
So he bought this insurance, to cover him from permanent disability.

As luck would have it, the surgery were Not successful.
He suffered from loss of 1 eye.

Does this considered as accidental, or not?

I gave them an e-mail, and they responded:

It's actually good to take up policy prior to the surgery, as there may be chances that the surgery may cause accidental TPD.

I agreed with that.

And when I mention whether it is required to declare about the upcoming surgery, they mention no need.

On the downside, it only covers loss of sight to both eyes, which is claimable at 100%. Loss of sight for only an eye, then can't claim at all.

Sigh..

Indeed you are right on that account

I understand that Insurance is generally associated to long-term commitment.

However, am wondering; is there any TPD insurance plan that caters for specific situations?


Coz here's the thing; my father-in-law will be undergoing Lasik surgery, and even though the Doc mention that there are no known cases of people going blind due to the procedures, I would want to be proactive.

As such, I plan to take TPD insurance plan for him, for this specific matter only. i.e once after the procedure is done, am not continuing with the plan.

Is it possible?