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

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

You're welcome

Personal accident perhaps ?

Investment link policy minimum RM150 per month

RM50 per month is barely available nowadays.

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

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

Your friend can still apply for insurance but subject to 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.

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

You have to look into how much debt u need to cover upon death, that could be the amount you need to pass on as death benefit.

You may want to look into critical illness coverage as well if today you don't die but you're bedridden for a long period of time and probably live in with some change in your lifestyle, would you be able to cope with the amount you have in your bank account ?

The medical card will be a good option to cover yourself in the event you are no longer with the company anymore due to retrenchment, company close down, change of job or retirement. There might be a possibility that in between you're healthy now and covered under your company, but if you suffer from any health problem such as high blood pressure or diabetes then it will impact you in applying your own personal medical card so always get it while you're in tip top condition.

What kind of damage will it cause to the car or to the people surrounding it. Please describe your product Feature.

You may look into legal liability and public conveyancing liability

Well you might need to check whether your product is certified and legal or not first. Though I don't normally sell this type of insurance on a daily basis, I can help you to enquire from the principle. Probably get back to you by tomorrow but you will need to tell me more about that product and your company background.

You may refer to your front page cover note of your policy which will state each rider's expiry date.

To upgrade or not depends on your budget and whether you have any health complication or not.

It looks like a G* policy

Don't expect to withdraw the money from your medical card as the cash value is used to sustain future cost of insurance until certain age.

Since you're not so fluent with insurance I should try to speak a little layman to you though to some people it may sound abit ridiculous & out of tune.

The money you put into your insurance medical card, is to cover you for the hospital bills, meanwhile the insurance company use your money to pay for the medical card & take your money to invest. But you cannot take out this money so soon. Otherwise, it will cancel ur medical because not enough money inside. If only emergency, you should consider take out the money and then later put it back in.

Do not buy insurance for investment but for protection instead. Any extra amount from the insurance is a bonus to you.

This post has been edited by lifebalance: May 10 2016, 04:35 PM

you have to look into the policy overall to judge ... you just show some 900,000 and some cash value return and asking us for an opinion is abit vague.

Have you consider other things like death benefit, critical illness, waiver of premium, hospital income, personal accident etc ?

Insurance is a long term commitment, if you look into 5 years, definitely lose money.

What you're talking about is a Standalone medical card which doesn't involve any investment.

It's a viable choice if you're on budget and don't prefer any investment under insurance. However, your policy cost will increase as you get older. Whereas the investment link policy would have accumulated some cash value to pay off the increasing cost of insurance.

The coverage seems normal for somewhere that budget.

What are you looking for mainly ? medical card ? death coverage ?

Can consider other companies.

AIA public takaful medical card
Rm1.1 Mil annual limit
No life time limit
No co insurance
+ 5% on medical card annual limit every 2 years until 20 policy year
+ 20% room and board every 2 years until 10 policy year

1.death certificate
2. Local Police report and the investigation report of that country stating body can't be found and indeed is dead

Just bring the documents to the insurance company to file a claim.

This post has been edited by lifebalance: May 11 2016, 08:57 AM

For young adults around age 18 would be around RM60 per month at least without co-insurance for RM150 room and board & 100k annual limit.

Add another RM24 + RM60 = RM84 per month you can enjoy up to RM1.1 mil annual limit