I see, thanks for the prompt reply

You're welcome

Ada ke insurance package offer as low as rm50 per month?

Personal accident perhaps ?

Investment link policy minimum RM150 per month

RM50 per month is barely available nowadays.

unknown to many factors in you...
I found this while goggling...
try it to see if it helps?
https://uforlife.com.my/?utm_source=Google&...CFYmCvQodEQoHvQ

if vanpersie91 is a Muslim, it doesn't seem to be a takaful plan. More like a conventional policy.

is it a "MUST" or Mandatory that all Muslim buys takaful plan only and cannot buy conventional policy?

It is recommended as Takaful will allow Muslims to nominate someone through Hiba(gift) so that upon their demise, they are not subject to Faraid law distribution and the full amount will be given to the person they've nominated in the policy.

In a conventional policy, there is no such clauses for muslim thus even they choose to nominate someone to receive whole lump sum, that person will just act as an executor to distribute back based on Faraid distribution.

Thus the conventional policy will defeat the purpose for a muslim to purchase as they can't choose the person they wish to give the death benefit to upon death.

This post has been edited by lifebalance: May 8 2016, 07:37 PM

so, just rewind back some "years" back,,,,before there was Takaful plan.....Muslim no buy insurance policy?

Yeap, that's right, some could have bought under the conventional policy. Takaful was created to cater that need for the Muslim market that is Shariah compliant.

The Takaful industry in Malaysia started to gain momentum when, in October 1982, the Malaysian government formed a special task force to explore the viability of setting up an Islamic insurance company. Out of that study and based on its recommendations, the Takaful Act 1984 was gazetted and came into force thereafter. At first glance, there does not appear to be much difference between conventional insurance and Takaful. Indeed, in terms of concept, there is none as both subscribes to the long established principle the “pool of the many to help the unfortunate few”.

http://www.malaysiantakaful.com.my/About-M...ory-of-MTA.aspx

This post has been edited by lifebalance: May 8 2016, 07:47 PM

noted.....
Previously no buy insurance?....
OK, for those that wanted to know more about the "The Unlawful Elements in Conventional Insurance"...can try this
http://www.lawgazette.com.sg/2012-07/469.htm
just not sure of its validity....but at least can have more understanding....

found this from the uforlife link provided by T231h



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Hi! I have a friend, 32ANB, male non-smoker, 175cm, 119kg, no medical history but the dad got hypertension. Is it true that he can't get medical card due to BMI exceeds 35? GE agent suggest him to take Great Early Living Care. But with budget of RM200 per month, the coverage is only RM37k. Is there any other plan that suits him to cover the medical cost?

This post has been edited by Nikky16: May 8 2016, 10:45 PM

Recommend Zurich Omni Health, for overweight people, see CLICK HERE FOR MORE INFO

Your friend can still apply for insurance but subject to loading.

What is loading?

Means you pay extra 25% - 100% of the normal premium that people normally contribute to insure your risk.

E.g standard premium RM200, with loading, you might need to pay RM250 instead.

What about those who have existing illness before? can they apply for insurance + loading and/or insurance but excluding the existing illness?

Depends on how severe is the existing illness, either loading, postpone, exclusion on the illness or reject

it is clear now, thanks @lifebalance!