Medical card

Life Insurance For Seniors
https://www.fundsupermart.com.my/insurance/...-for-seniors-29

if for medical concern, is she still "fit" to get an insurance? else, just go for government hospital

Based on the above information and the assumption that you are a healthy young adult male, with those coverage, a premium of RM7k is in my professional opinion very high. To me, it's overpriced by almost RM1.5k (assuming the CI includes early CI). I might be wrong but I'm seldom wrong.

But like the other forummers here have said, request for the full Sales illustration from that agent.



Best,
Jiansheng

even though healthy, also might have loading due to age factor?

Not necessary, loading is due to health factor.

want to ask on the allianz ILP,
what is the list of fund available?
I check the website and seem like some are inactive/unavailable.
thanks.

Hey asimov82,

Please refer to attachment.



You can check them out in detail here under the fund factsheet.



Best,
Jiansheng

KUALA LUMPUR: With 11 insu­rance policies worth RM1mil in his name – a former Royal Malaysian Air Force sergeant says he is li­­ving in fear for his life.

The 42-year-old said the policies were bought without his knowledge by his wife, and there has already been one attempt on his life.

The man, who has been a construction safety officer since retiring in 2011, said two men posing as civil engineering students attempted to strangle him inside a car on Sept 10.

He said one of the assailants had called him two days earlier under the guise of doing research on construction sites and requested to interview him at his workplace in Serdang.

He said that on the day of the interview, they picked him up at his home in Puchong in an old Kancil and went to his office, where they took some pictures of him at work.

He said that on the way home, while he was seated on the front passenger seat, a rope was put around his neck.

“I could feel the rope bite into my neck, and I thought my end had come,” said the father of four during a press conference organised by the Gerakan public complaints bureau.

Having served in the military for 18 years, he managed to turn and punch his assailant.

He then kicked the driver in the ribs before escaping from the car which had stopped in a secluded area.

A passer-by helped him call his supervisor, who took him back to the construction site.

Despite his ordeal, he said his wife was indifferent when he related his experience to her.

He became suspicious a week later when his wife received a phone call from an unknown number, which she dismissed as a wrong number.

He claimed that his wife became aggressive when he took the phone from her and called the number.

The caller’s WeChat profile picture, he said, matched one of his assailants.

“I was shocked and confronted my wife but she said that she didn’t know anything,” he added.

A month later, taking along their eldest son, she sought shelter with a women’s organisation and lodged a police report against him for abuse.

He said she had since been kicked out of the shelter and is now staying with her mother.

Ever since leaving home, she has spent RM60,000, which he discover­ed after receiving credit card bills and letters in the mail.

He feared another attempt on his life and claimed his signature was forged to buy the life and personal accident insurance.

He said the policies were found hidden in several places in his house.

His wife is the sole beneficiary on the policies, which was shown to the press along with seven police reports he lodged over four months.

“I have also lodged reports at Bank Negara and at the insurance companies involved in the forgery and they’ve taken action,” he said.

He feared his three youngest children, who are under his care, would be abandoned if something happened to him.

“I’m not looking for revenge. I want to live my life free from this cloud of fear hanging over me,” he added.

Gerakan public complaints chairman Datuk Wilson Lau Hoi Keong promised to follow up on the case with the police.

Serdang OCPD Asst Comm Megat Mohd Aminuddin Megat Alias said investigation into the assault case was underway.

He added that the investigative officers were waiting for instructions from the deputy public prosecutor.

He said the complainant had also been advised to cancel his insurance premiums.

Source: http://www.thestar.com.my/news/nation/2016...worries-he-wil/

Don't simply sign a form without checking what it is!

This is due to allianz had change the online portal

u can explore on zurich latest plan megamed
https://www.zurich.com.my/en/show-me-zurich.../zurich-megamed

Can someone explain what is term, whole life, endowment, ILP and annuity plan in the simplest way possible? Is all these concept apply to takaful too?

thank you!

Guys,

Is this a good plan? The insurance agent is my friend la, he proposed AIA to me.

RM220/Monthly - I got 1 week to decide cos b'day coming

Basic Income Replacement Plan
Death Benefit - RM50k
Total Permanent Disability - RM50k
Critical Illness - RM50k
Early Pay Critical Illness - RM100K

Supp Income Replacement Plan
*Hospital & Medical - Medical Card R&B @ RM150 with APM & APMB - Annual Limit 1 Mil

Projected Returns
Age 50: 55K
Age 60: 62,400
Age 70: 14K

Questions
1- Is it good to be insured as young possible, I'm 22 yrs. The younger you are, the cheaper it is?
2- As a young person, I want to save money for more important events, so is this necessary?

This post has been edited by violetlace: Dec 31 2016, 12:15 AM

Your friends proposal should be based on what you are financially capable of as well as what kind of coverage that is important to you.

If you think you can't afford it in the first place, you should have voice it out that you need something that is within your budget.

Get your friend to properly advise you.

Hey lifebalance,

Thanks for replying. Sorry, Is more of a financial planning advise rather than budget.

Just happen to me that I'm still young and rather use the money for other stuffs.

So I'm curious if the plan offered by my also young friend is a good? I also heard of investment-link plan.

I don't t know about your background but if you're young, you can plan to get yourself covered for medical expenses first, should you want to add on other riders such as death, disability and critical illness then investment link is ideal. As long as whatever plan that you have in mind, you have something to fall back on in case of an emergency.

But don't overspend too much on insurance when you're young.

Dear lifebalance,

Understood! Good day to you sir

Lifebalance has given you very good advice. However it still comes back to your own budget and needs.

1) It is true
2) Insurance is necessary if you currently do not have any. Start with a medical coverage and add life coverage and critical illness.

Best,
Jiansheng

u r male or female?

Critical Illness - RM50k
Early Pay Critical Illness - RM100K

No need to by 36CI if u already buy early CI.

Friend said CI and 36CI is within the options or some sort cos I asked him this.

If female, you suggesting the add-on female disease coverage?