In business there's also no guaranteed profit. People still go for it anyway.

In unit trust, stocks, shares, derivatives, futures, forex, and all forms of trading there's also no guaranteed profit. Yet people still go for it.

In purchasing a property, there's also no guarantee that the property market will continue climbing. Yet people still go for it.

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Most of our knowledge is based on observing how things behave or perform in the past. Then we come up with logical estimates on how it will behave in the future, and make plans based on that estimate.
The same goes with the non-guaranteed portion in life insurance as well as everything mentioned above.

So how would the funds from insurance companies fare compared to all the above-mentioned?

My opinion may be biased as I am an insurance agent.
But I encourage you to ponder in that direction with regard to buying an investment-linked life insurance and attaching your medical insurance as a rider on your ILP.

Does anyone here know abt the etiqa takaful harmoni plan? izit good to invest?

What's the purpose of the purchase? if it's investment, what sort of return you're expecting ? 3% ? 5%? 8%? 10%? 30%?

Short answer: NO

Long answer: Insurance is for protection, not for investment.

Even long answer:

izit a good plan?

Bro. Any insurance is good but if it doesn't serve your need then it's not good. You need to be clear on what you want first. I can't advise anything if you're being general

why allianz premier link insurance charges can be 50% percent cheaper then prudential prulink?? i refering to life

The reason why people buying ILP compared to traditional plan is the level premium

Traditional plan premium will increase as the insurance charges increase:
i.e
Age Insurace charge Premium
30 1000/year 1200/year
40 2000/year 2400/year
50 3000/year 3600/year
60 4000/year 4800/year

Comparatively, ILP
i.e
Age Insurace charge Premium
30 1000/year 3000/year
40 2000/year 3000/year
50 3000/year 3000/year
60 4000/year 3000/year

The excess amount paid in earlier stage will be accumulated and net of excess amount in later stage
If the cash value projected in so low, then the policy will not be able to sustain, meaning to say if even we pay the premium, the olicy will also lapsed.
so, is cash value a concern? depends.......

some insurance agent are not well train, they dont even know what they are selling

lol
laugh die me

all sifus here, i'm planning to buy a new medical insurance. So need you guys advise on which brand best for this, GE, AXA, AIA etc...

My main needs below: ( as i'm broke and can't afford to pay for all these medical bills)
1) High annual limit and no lifetime limit (as currently mine is no annual limit for outpatient)
2) No co-pay or paying a single cent if i'm to normal gp, hospital specialist etc.
3) No pay and claim, and get can GL in advance.


I came out with the above points as I've started to use my company medical card and every time i went for follow up appointment with the hospital specialist, i will request GL in 1 or 2 days in advance and i'll get it within 30mins past 4 times. I'm not sure if these kind of policies available for any brands of insurance for personal one?

Hi.

1) 1.1m and no life time limit
2) No coinsurance
3) No coinsurance, AIA card you just swipe, no need wait for GL.

hi lifebalance, for the 3rd point. No need wait for GL, that applicable to admission or day care right? How about just treatment in hospital without admission or day care? No need gl and just swipe card only? I'll call u later assuming you're still with AIA.

applicable for both admission and day care.

There is a special counter where u just need to show your AIA card will do.

I'm planning to get life insurance (just death and TPD). I heard that general insurance companies give a cheaper rates. Is it true? Anyone can quote me a term life or whole life of 1M age 30 non smoker. Thanks

General insurance company do not provide life insurance coverage, only personal accidents.

Everyone wants it cheap. Everyone wants it good. Everyone wants it the best.

Sadly, there is no such equation. You buy cheap things you get low quality products. That's the fact.

What's most important is the plan suits you.

Which is why you seek a insurance agent to guide you and customize the plan to suit you.

- mistake -

This post has been edited by kinfei: Feb 4 2016, 10:57 AM

allianz insurance charges in terms of life is so much cheaper than aia, ge and pru, why geh??

i am having prudential currently. thinking to get another one for my kid.

well AIA generally better than prudential?

Indeed, if you're asking me, I am the agent representing AIA thus it would sound I am biased.

However, what you need is plan that is customized to your kid. So go with the agent you're comfortable with.