i have no insurance yet..any recommendation which insurance provide the best? and im 23..
if you are an agent, please ignore my post...expecting answers from others..
INSURANCE TALK, ok let start
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 May 9 2009, 09:15 PM
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1,486 posts Joined: Jun 2005 From: Cyberjaya/Kamunting  
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May 13 2009, 09:43 PM
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1,486 posts Joined: Jun 2005 From: Cyberjaya/Kamunting
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QUOTE(fbs @ May 13 2009, 05:08 PM) xen0, i like your last line. Insurance agents can't give you true feedbacks as they will claim that they are best and they can provide you a plan that best suits you. IMHO, i think that it depends on what you want. Medical card is a must. If you have investment knowledge then u should just go for term insurance which has no cash value. Means the premium you paid every year will "burn" and you won't get anything back. The premium is much cheaper ad you canuse your extra money to invest. this type of insurance was already out from my choice..currently so many insurance+investment(with medical) style and yet, i dont invest my money..after all my expenses, i can save up to rm800 every month and remains in my bank account.. currently, i kinda wanna to invest in ASB but still studying how the investment work  QUOTE If you don't invest, i recommend you buy life insurance which has cash value. The premium is much higher but the return is higher than FD provided you do not surrender your policy too early. Usually the break-even point (means the amount you will get if you surrender your polcy and the total premium paid is the same) is around 12/13 years. If you surrender your policy earlier than this, then you would actually incur losses. higher than FD? really? wow, thats cool... so if the policy is about 30 years(this is from etiqa iinm), i can get back what i had invested in 15 years if policy surrendered but in less amount? can enlighten me about "incur losses" thingy? currently so many bank offering their insurance products. what the differences between them and non-banking base(ING, MAA, AIG..etc) product? do they have investment too? QUOTE If you really want to buy insurance, my advice is consult few insurance agents from different companies, understand their products and compare yourself. i will buy some time for that..  thanks for the reply. anyone else wanna share? |
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Sep 10 2009, 12:14 PM
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1,486 posts Joined: Jun 2005 From: Cyberjaya/Kamunting
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i got a call from maybank and offer me Takaful PA Plus product..
seems interesting.. rm20.50 a month.. ok or not? |
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