Hmm.. After reading so much.. A little bit blur... And i think dreamers should actually migrate to USA.. Since you like there so much... We have to accept the facts that the definition of total and permanent disability between these 2 country are differents... Insurance company do their research before they publish their products.. Of course this products might oni suit MAJORITY of malaysian.. some MINORITY, i suggest they move to USA.. Or if u want malaysia to have such kind of insurance.. Form and insurance company with that kind of benefit... If that is a success then congrat.... Insurance company is also a company making BUSINESS.. and making MONEY.. it is just like any other company out there...

I believe there are examples out there which they become success in their investment and business without any planning for their child future or their future... Somebody come to this world with RM10 but can end up holding RM10Bil... They are that talented... But how many people in this world do have that talent? 1 in a thousand? 1 in a Million? Let say if one post available for MANAGER post.. and there are 100 staffs below which eager for that post, at the end... only 1 people get to that post.. what happen to the 99?

this is a cruel world, and i agree with you that there are thousand of method of saving and investment instead of insurance.. what insurance provides is just contant saving and protection.. Other method which yeild more return at the same time is more risky.. If everything goes welll.. that congratulation ... If something happened, EG market went down when u need the money the most.. What should you do? Insurance just offer a safer alternative.. If u save inside a bank getting 4% interest per year... And you save over insurance and get 4% a year as well.. With free protection.. which one would you choose? And if one day lets say you lose your job and can't pay for the premium, there is something called Automatic Premium Loan which will keep your policy continue even though you din pay for couple of months.. But of course you have to pay back after you found your job. There is even an emergency loan available... In which you need a lump sum of money for something.. You can actually do some emergency loan for the policy instead of surrender it.. and you still continue benefited from that policy.. What is the bad then?

I do understand that insurance doesn't cover everything. And i believe that insurance agent out there do suggest their clien or customer to set up an emergency fund of 3 to 6 months of their monthly salary instead something unexpected happened. Insurance agent are not as non ethical as you mention over here.. Just earning money and don't care about people. Although insurance agent earn high commission, but they deserve it don't they? They offer you services once u are their customer until forever. If you want cheaper insurance you can actually buy from bank or what... they definitely offer cheaper insurance.. But let me remind you, those working inside bank are just STAFF.. Lets say if something happen to you EG HOSPITALIZE and you need to do some claim right while you are on your bed right, do you think a bank staff earning 2k per month will claim for you? that is one point, another point is.. Will your bank staff still working there? I think it is enough for today.. Keep it on dreamers...

Most of insurance endownment plan more than 21 years offer that... If u want to go for short term goal like buy car buy house, u can actually go for unit trust which yield most return within 3 to 5 years. Long term plan like retirement, insurance can do that..

Erm. I can't actually answer u that.. Maybe they think in their mind.. but din type it out? Hmmm... anyway.. Most financial planner did that... and advise customer to do that.. rules of thumbs.. as i said... 3 to 6 months is the best..

Hmm .. and for those who always compare investment with insurans.. That are 2 different thing ok... U cannot compare orange with apple.. Investment link product did contain some investment part.. But just remember.. Any product of insurance.. Protection come first... Investment is just an extra thing towards insurans.. Which CLAIMS that... will yield more return compare to traditional policy. So don't compare INVESTMENT with INSURANS pls... One KEY thing that investment don't have but insurance have is PROTECTION.. Always stress on protection when buying insurance.. Any extra riders that should be added, add it. Don't stress on return when buying insurance. For example, you bought an insurance policy, u paid lets say 2400 a year. That makes 48000 for 20 years right? After 20 years when u surrender your policy, u get 48000 back.. Without any interest. I know that you guys must be thinking that you guys is losing money. But come to think about it. You only use the interest to buy such a big protection. Aren't it worth it? Peace of mind for 20 years.. And also... LIVE LONGER.. LOL..

In my opinion. I do not agree with this quote. Lets take an example

Mr.A just started working, with an investment policy lets say, cover whatever needed to be covered by a normal person. One day, he was hospitalized due to some reason, as he just started work, so he do not have any extra saving. And for that hospital fees, he have to pay for lets say RM20k. Things we need to consider is, where will this 20k come from if he didn't buy any insurance, as he do not have enough savings? Of course from the people that love him the most = his parents. RM20k should be OK for average parents. What if the parents is below average? Where will the 20k come from? For this moments of course his parents will do whatever things in order to get the 20k right? Beg, charity or whatever. Do you want your parents to do this kinda things? If they are not desperate, do you think they want to do this kinda things? What is wrong if u set aside only RM150 (From one of our discussion above) everymonth?

Another example, you are an employee of company ABC. Now you are paid RM2000 to work in the company. Knowing that economy crisis strikes, your boss ask you into his room, saying that, we are sorry to notify you that we have to reduce your salary to RM1850 or you will be sacked, will you accept the offer? As now looking for a good job is not easy. I bet you would. With sacrifying RM150, you still get to live right? Better than you lose everything...

Anyway.. Just my 2 cents..

Hmm.. Dreamers, just a question... Were you an insurance agent? I found out that you are quite familiar with Insurance kind of thing. And are you still an insurance agent now? I wonder if you have been cheated by insurance company or so? no offense seriously.. Just wanna know. Cheers... And for you guys info.. I am not prudential agent.

I think one thing that we should take into consideration is the inflation of malaysia.. well... Living expenses inflation... Education fees inflation.... MEdical fees inflation.. I think we should take that into consideration as well.. As it is a main factor to determine weather we have or haven't have enough insurance... Well... This is not 100% correct, it is just that we could be better prepared... It is better MORE than LESS when you need it the most right? Another thing is that... the expenses that we take into consideration.. I think we should increase it every year.. As our salary increase everyyear right...And i think everybody agree that when salary increase, most people do use more and spend more right? Hmmmm.. That is what i am talking about.. we should take that consideration in as well.. Another thing is that... This kind of things, i mean risk planning kind of thing, should be reviewed every year as our financial situation might be totally out of what we have predicted... Right? Hmmm. Just piece of advice... And insurance agent out there.. I thought you guys attend RFP? How come didn't take that into consideration throughout this discuss? weird... Yet... Just my 2 cents

FYI i am not insruance agent
Can you point out which part i am wrong?
I will be more than happy to learn from you.
thanks.

Hmmm.. I wonder...What if the people... Start working for 1 year.. then diagnosed with CI? I wonder will the bank save him or the insurance save him? what happened to the hospitalization fees and the living expenses after that? If you claim that you company did give u that benefit.. Fine... And please check with you company, what hospitalisation benefit doyou have.. And how much is it? I wonder how much one operation need? For some illneses you even need 2 to 3 operation. You are now healthy that is why u said all this... Insurance is like a parachute... When you need it and you don't have it... You won't need it again. And dreamers... I believe youngster out there... oni 2 out of 100 will be like you... I deeply congratulate you for being self insured.. But have you consider the possiblity of all this that are list down previously happened at once.. Will your saving be enough? Consider it again. And... What happen to your living expenses if u are not able to work anymore? charity? sigh... If you like to keep saying that insurance agent like to earn people money... Who don't need money for a living? sigh.. Don't be so selfish. I think what insurance earn is what they should get... Do you know that they need to serve you forever even if you buy the smallest policy from them? Isn't that worthwhile give that a little bit more commission? I also dunno lah... this thread is meaningless to me anymore.. Just like people bargaining on the street.. Hmmm.. You guys have fun lah...