Hi guys, currently I'm holding a standalone medical card which cost around within RM1000 a year. Should I buy "much more expensive" RIDER which cost at least RM2400/year?

of course the RIDER with RM2400/year is much much much better than my standalone medical card.
- 1m coverage annually
- no lifetime limit
and etc.. I forgot

is it wise to do so??? I've to pay >RM1500 per year for this rider kind of medical card...

you're referring to an investment link policy, the extra you're forking out is to create an investment so you don't have to pay more later when you're much much older and there is cash value to pay for your cost of insurance as your standalone medical card RM1000 will slowly increase in the near future until RM24k when you're 90 - 100 yr old.

The premium you'll be paying will be RM2400 every year until X amount of years depending on what the agent propose.

Just to clarify or add, just in case some may misunderstand.

If the investment portion if enough and generate reasonable good return, then no issue of the "fixed premium".

While if the investment portion is actually making a loss (it can make a loss, no guarantee it will make money),
then be prepare to see "love letter" from insurance company for premium increment, when the cost of insurance become too expensive and unable to cover by the investment portion.

This is how investment linked policy work to cover on medical.

This post has been edited by cherroy: Aug 12 2016, 10:47 PM

This is what 99% ppls fail to realize and insurance agents doesnt want to highlight bout their beautifully projected investment return

janji commission masuk pocket dulu mah

No one can guarantee what will happen. You gave the option not to buy.

you can save it for yourself and put in EPF. at least have guaranteed return (non-islamic only). beats insurance company in my eyes due to the importance of the medical cover.

thats what I told ppl around me.. take it as retirement fund..

if talking about risk and time period.. they think insurance company is 100% safe???

Don't forget the enron 2008... nothing is guarantee when we talking about money and self interest..

for me, medical cost is the major cover I want from insurance company. Rest kekgi baru talk, x need talk like "sky folwer dragon phoenix"