Some credit cards give cash back for online transactions using third-party portals. Auto debit doesn't qualify.

Oic you mean those like maybank or wise card

You may use aeon watami for cash back on insurance. AIA also tied up with Public Bank to give 2% rebate

https://www.pbebank.com/Personal-Banking/Ca...redit-Card.aspx

This post has been edited by lifebalance: May 5 2016, 10:35 PM

Watami card has been discontinued from this month 😢

oic, any update for latest credit card offer ?

slightly OT...
i guessed that much. not that i didn't think of it. just to point out the t&c, the uob vox card and cimb cash rebate card specifically excludes insurance premium from their main cash rebate category. can't even get 0.3% from vox card for normal purchase of insurance. maybe can test if qualify for 5% if pay via those insurance companies' payment gateway.

not sure about pb vs, don't have it and can't find the t&c.

eventually i stick to using HLB essential for insurance. 0.6% for everything is not bad.

Dear,

GE OCBC allows policy holders to enjoy annual premium return while pay monthly via (IPP, Installment Payment Plan) credit card without charges.

https://www.ocbc.com.my/personal-banking/Ca...tern-cards.html

If company already provides the medical card for my kids, do i need to buy medical card for them?

I would rekon yes, insurance provided by your employer are just temporary, if you are no longer employed there you and your kids will lose the coverage, furthurmore the coverage generally coverage won't exceed RM100k annually. Even if your next employer will provide the same medical benefit extended to your kids, it is subjected to the current health condition of your kids, if there are any pre-existing illnesses, it will be subject to exclusion. All in all, medical insurance provided by employers is best to treat it as an extra benefit or good will from the company and not to be taken as a comprehensive one.

It's optional, but I would recommend you to take a personal medical card.

Reason:
1. Your company may close down in the future, no longer offering you the coverage.

2. You may be retrenched by the company

3. You may be forced to retire

4. You may be let off if you've succumb to any disability/disease and the organization don't see you fit to work at that position anymore.

Worse case is that you/your children have the "possibility" to get diseases or disability down the road and this might get their personal medical card rejected, exclusions or loading.

You are a blessing to your spouse.

Its latest obviously.

Male, non smoker, Class 2 occupation (office based).

Since Aeon Watami 3% has since discontinued, according to genxyz sifu, the best cash back card for insurance would be Alliance Bank Younique - for spending at RM3,000, the effective cash back rate is 1.67%; about half of Watami but still better than all those <1% cash back for insurance spending

While agree with your pov, in more practical situations, it's really not easy for certain group of people to spend RM1000 or 2000 monthly. funnily, those who can, will have better cards to pay for other bills such as petrol, utilities, etc.

Also, most people don't pay their insurance premium in one lump sum. monthly mode insurance premium on average is probably 100 to 300.

although i admit 0.6% of HLB essential vs Alliance younique first tier of 0.5% is really not that significant.

Some people want to save as many penny as possible. It's just their way of living. Savvy people are like that.

It goes to show I spend way too much on categories with no extra cashback - insurance, touch n go, retail spending like clothes and all

for petrol, utilities, online spending, grocery, dining and all we use those with higher cashback rate

While cashback/rebates are great, I don't pay attention to them at all.

I focus on big ticket items and just keeping my lifestyle spending in check.

I know it is latest,
but what is your age now? Age 20, Age 30 and age 40 very big different o...

The table is a comparison of benefits for the stated insurance providers. Its an apple to apple consideration. My age doesn't come into play for that table since its a like for like comparison.

Im well aware about the contributing factors to the policy premiums e.g age, smoker, job type, medical history, etc.

Quick question, why does the agent need my bank statement when refunding money back?

Is this a normal practice in the Insurance Industry?

They will direct bank into your bank account. Unless you prefer to receive in cheque.