I think the most important thing is 'what do you think', what other thinks may not seems logical to you as they have a different needs I'm sure.

Like C.o.o.l mentione, 150K life for a kid.. You have to put realistic thought into yourself. "Do you need that kind of amount if the children pass away" ? Do you really need it?
If answer is No, ask the agent to reduce the Life coverage. I believe for every $Ks that you have in the life, your units in your ILP will have to work extra hard to give you positive returns.
And are you already well verse with how ILP works? If not.. ask the agent to explain to you how your premium is allocated each year to buy the unit trusts funds; how is the cost of insurance is charged every year after you pay the premium.. You will get a better idea whether ILP suits you or not after this..

I believe the only 'legal/correct' way is to deduct just the premium that is meant for the medical, not the whole lot - 3K.

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Added on July 24, 2009, 4:38 pmThis post has been edited by numbertwo: Jul 24 2009, 04:38 PM

AFAIK, the only cards in the market with U.L.L is AIA's ECP+MCP and AXA's SmartCare Opt.

I'm not an insurance agent, but this is what I know as a fact :

Doesn't matter your medical plan is standalone or ILP, medical card cost/charges do INCREASE based on insurance co's band! Only difference in ILP is you won't notice the increase unless you read your yearly policy statement.

why don't you copy & paste the whole phrase from the AIA policy to show us where this RM250 comes from?

This post has been edited by numbertwo: Sep 11 2009, 04:20 PM

Someone should verify again :

Allianz - There is a 20% co-insurance if you upgrade Room that is higher than the plan purchased. And there is a deductible of RM100 per admission.

ING - Deductible of RM50 per admission i think!

is hard to answer this type of question, don't you agree? Each has its own 'unique' feature..ie. ING has no co-insurance in any case, but AIA has unlimited lifetime limits; ING has a lower pre/post outpatients days limit than AIA; and ING has per-disability limit on the the Room(60 days per disability)...blablabla.. Is an Apple vs. an Orange to be frank.
So, It all bogs down to what type of features in the card that attract you and that should lead to your selection.
I guess the best way is to list down the features in point form, mark each of the feature which favours you the most with a tick, and count them at the end , that should tells you which med card suits you more.

there u go, u got the answer don't you?
There is always a cost to something that is 'good', in this case, AIA's unlimited lifetime limit !

yup that's another difference...
but insignificant to me as I don't believe i would need anymore coverage after 70....

where are the agents you bought ur ILPs from? all gone missing?

sorry to hear that jutamind,
i think we hv a few good pru agents here in the forum, i think c.o.o.l is one? Maybe they can help..