Bro roystevenung, I am a 31 years old non smoker male

was asking agent to quote me stand alone life insurance for 100K & 200K

they quote me from RM130 & RM260

but "u for life" online quoting as below

[attachmentid=5654345]

how come so much different

what do you mean by "doable for RM183 or RM15.92"

agent told me they have various types

investment link, par plan, non par plan, endowment plan, term plan & single premium plan

am looking for the cheapest one just to cover my funeral expenses if anything happen

no dependent, the only debts i have is house loan which i already bought MRTA

Hey y'all,

Been lurking here for a while. Thought I'll just pop in to say 'hi' and maybe put out some burning questions I've had for quite a while.

I am interested in medical, CI, personal accident insurance actually. Bought one before from college friend (ex-agent) more than 10 years ago but fren abscond so been feeling eeky about insurance ever since. But I am turning 39 soon, and before rates go up for me (heard that from the grapevine), I am getting interested again.

I do have a few questions if you guys don't mind:

1) How do you budget what the sum assured or payouts will be what you need? Would you look at costs of treatment (surgery, medication, consultations..etc) for the 36CIs + costs of staying in hospital bed per day ...etc.? (someone mentioned in v2 that factoring in 4% for inflation every 10 years is probably a good idea as well..)
2) How do you budget how much you would need in the event of early or advanced diagnosis of 36CI? Is this the one that is the norm to put a zero behind your annual salary?
3) Okay, a bit of a detour here. Someone did mention to me that GH actually has all the infrastructure in place to treat patients who are dignosed with any of the 36CI. That was his argument for not getting insurance. I assume most of the coverage for medical/health/36CI insurance is budgeted for private hospitals? So private hospitals are better than GH? really..?
4) If insurance is viewed as a form of hedge against potential risks, returns shouldn't be a consideration right? And yet I see many talking about cash value, cashbacks, discounts ..etc. being a factor in deciding the most suitable insurer or policy. What is more important here, the potential returns or the protection?
5) If you are getting a new policy, would you consider the guarantee that premium rates will never go up as a priority?
Actually I got plenty more, but I dun wanna hog the thread too much. Anyways, when I bought before I was never shown a sales illustration or product disclosure sheet. Never given any brochures either. Since I've had the experience of having a "close" friend who would quit her agency, I am prepared to deal direct with insurance companies if need be. Would help to have a reliable agent as well.

Any takers for my questions?

ETA: that 4% inflation thingy for my Question 1

^^^ You guys are superstars. Thanks for the replies.

I might have confused a couple of things. If I am solely interested in medical/health/36CI/TPD/personal accident only with NO ILP or investments attached, that means my premiums (the amount I am paying every month/year) should not increase at all?

Assuming I am getting a new policy now that will cover me until I am 90. I guess I will be paying the same amount every month/year until I am 90? Is this standard practice across the board for all insurers or do they differ by policy?

Hi All,

Need some advise.
Recently quoted with an Investment Linked Plan with all these products.
Is it necessary for me to purchase all riders?
Don't really understand what's all the riders for.
I do have an AIA medical card from my company.

AIA
A-Lifelink

Riders
-Disability Care
-CriticalCre
-WaiverExtra
-Med
-MedBooster
-Total AccidentShield
-RCC
-HospitalIncome Extra

If a person got CI can buy PA or not?

What will be the best way to buy/top up insurance policy? Lets say I bought a policy at age 20.

At 30, obviously my insurance is "out dated" as medical and everything is up and up. Should I buy new insurance or top up?

At 40, obviously my insurance is "out dated" as medical and everything is up and up. Should I buy new insurance or top up?

At 50, obviously my insurance is "out dated" as medical and everything is up and up. Should I buy new insurance or top up?

I think you'll be quite surprised to find how many people that are exactly in that situation. Naturally, the main reason they won't be getting insurance is because it is an absolute torture to explain to agents how their state has come to be. Agents are so quick to assume everyone has a family. I also see those who grew up without one, will not feel the desire to start their own because they are very contented and fulfilled to live their lives either by themselves or among close friends. Think about it, if you're constantly by yourself as a kid, why would you suddenly feel the need to be surrounded by "loved ones" in old age? Though they may be alone, they are not lonely at all.

I am only putting out my 5 cents because I saw you saying that a couple of times now. I've spoken to those who are totally happy without any kind of a family at all and they can almost all agree that meeting insurance agents is an agony, simply because they can't quite find a way to explain their life choices.

Possible to get life insurance directly from insurance company without agent? I am working in general insurance company, but life insurance product is better in some protection.

Saw it online there is Tokio Marine Life offering insurance directly though. Not sure if u all are aware of this

ya i know about that for allianz.. need to top up..

anyway, some co. does provide this service for free (not very sure), and only need to pay for the parts if need changed.

For life insurance, if we surrender the policy. We should entitle the Net surrender Value or Net Surrender Value + Cash Bonus?

Maturity date mean premium end date?

Are there no-lifetime-limit Takaful plans available in the market now?

Seems like conventional here and there...

Room & board, in case one policy's coverage is not enough, you need to use the other one.

from AIA?

what is the most suitable medical card to have for a 26 yr old single guy?

- non- smoker

- non- drinker

looking at premium about 150-200 a month.

Looking for insurance advice.

24 years old, married, both with office jobs. Combined income of RM70k/year. Prefer non-investment linked insurance policies. No kids, no smokers, no drinkers, no known conditions. What should of premium should I be targeting and how much would the overall insured sum be? Thank you.

Need advice from sifu here.

My siblings have just completed paying off a shop loan. Like to see whether there are windows for us to save some insurance money.

AA
How is the insured amount arrived at for shop insurance? x% of the current market shop price?

BB
Are there different insurance policies, say, for fire only, for flood only, physical damage etc?

CC
Is the fee payable the same from all insurance companies for the same shop insurance coverage? That is standardised/controlled by the govt? If so, then no need for me asking around.

Thanks.