What kind of cancer u got ?

bear in mind, CI and Medical Rider falls under Health Insurance tax, Life insurance falls under Insurance/EPF tax

I don't think so, will need to look into your histopathology report on ur blood, will only at most offer you life with loading, no medical or CI.

You may also opt for a personal accident policy.

Which is why it's always important to get ur insurance before it's too late.

You'll most likely be required to check on the latest report by the panel doctor of the insurance company

Yes still possible, last entry age is 70 year old for AIA medical card. But will need to go for medical check up ya

Comprehensive plan is definitely more recommended but also need to watch for your budget especially when you're buying at age 68

It might the break the bank

That depends on what rider you put in as well. Can't give you a figure

For Shop, if it's landed, can take in about 70 - 80% of the value of the property as the sum assured. If it's not landed, then cover 100% of the value of the property.

If want to last until 100 yr old, about 7,080, if your mom passes away at age 89.

It will be 100,000 + 20,000 (Anniversary bonus +1% each year) + cash value, about 200,000.

Premium paid for 21 years = 148,680.

If she passes away in 10 years time (78 yr old), death benefit in total is 150k. Total premium paid in 10 years = RM70,800.


If you ask me, it depends on what's the purpose of the insurance, whether it's for final expenses such as for funeral cost, or something she wants to leave behind in her demise for the next generation.

Definitely the payout won't be as amazing as a younger person. Which is why a proper consultation is needed to understand what you really want, rather than you asking over the internet and thousands of agents giving you different quotes and end of the day doesn't meet your need.

AA
Base on Market Value, even if you overpay, it will not give you 1.5 mil. Same like car insurance.

BB
put a rule of thumb +10% of the market value. Property and Land normally appreciate in value

You could have also ask them before you paid for it at that time though.

This post has been edited by lifebalance: Sep 13 2016, 11:19 AM

Depends on ur priority, just make sure you're able to put back the money after you've taken it out otherwise your policy might lapse depending on how much you've cashed out.

The premium you'll be paying for the rest of the period will be fixed during the inception of the policy bases on projection

But the cost of insurance doesn't. Which means during the 20 - 40 years period, the cost of insurance could be higher or lower which can affect how fast you'll need to top up your premium in the near future.

This is also due to lower projected amount in cash value which also causes your policy to lack in cash value to pay off increasing cost of insurance in the future that you'll need to top up.

In both situation, your premium is fixed e.g 1800 per year but if cost of insurance increases or cash value is on lower projection, you'll night need to top up on your 1890 otherwise it will not last until say 70 - 100 year old projection.

Yes it's similar

The increase is normally across the board for standard and substandard life. Whether with claims or without claims

This 1 I don't have such statistic. Can't answer you.

If you're the bread winner for your family then you should insure at least 5x of your yearly income so that your family will not need to be financially concern for another 5 years while you're no longer around, you may also opt for a medical card for a family medical card which is cheaper overall to cover at least some basic amount for any hospitalisation without breaking your bank account.

It's a guideline, by right its between 5 to 10 years, also at the same time not to overpay for insurance coverage for other necessity

Any insurer will do, just make sure proper consultation is provided based on your insurance needs.

Why not post some material about it to explain further what is it all about?

Sometimes people don't even know why they need an insurance policy when they don't feel that they need 1 or even thought of it before.

The agent should make them aware of their needs on why insurance is important at their present moment based on proper fact finding. Then from there provide a proper proposal.

It's rare to see someone in Malaysia that would suddenly be interested in insurance unless they have been through some incident such as a funeral of someone, hospital or listening of stories of someone struggling financially due to improper financial planning with no insurance.

Creating that awareness in Malaysia is still key especially the 70% majority are still not fully aware of it.

You may still add it just in case of critical illness, otherwise if you still feel it's not necessary then just remove the rider altogether

Day care surgery treatment is covered in the usual medical card. Meaning you can go for surgery and leave at the same day. It saves the insurance company cost and you get to leave the hospital ASAP.

This post has been edited by lifebalance: Sep 26 2016, 09:23 AM