Dear Sifus,
I would like to ask opinions regarding the insurance plans for me.

My portfolio:
33yo, Female, Single, Gov Doctor, Nonsmoker, No existing insurance/ medical card

My thoughts:
1. While I'm still working with gov, I would be covered by my GL for a 1 or 2 bedded rooms. And contrary to others, I would prefer to be admitted to Gov Hosp should anything happen to me (touchwood though!).
--> Thus, is medical card pretty redundant in my scenario?
2. But I do believe that once I leave the public service, medical card would be truly essential to cover my back then.

Options in consideration:
1. Investment linked insurance GE Smart Protect Essential
- medical card annual limit annual limit 900k/ no lifetime limit. Death / TPD - 100k. CI-50k. Room & Board : 250
- premium 400/mth

prefer you get an investment link as early as posible with a medcard, many young adult have health problems these days & unable or might need to pay extra when they plans to get 1. For above coverage package you can easily get 1 around RM300/mth, while if you have additional budget put it in the investment

2. Income protection insurance from GE as well + start investment linked with medical card rider after 10yrs from now
- For the income protection: Premium 700/mth, 10 years.
  TPD/ Death / 36 CI: 500k. Upon maturity at 20yr : projected cash value of 180k
- After paying endownment-like only package, only sign up for medical card at 40ish

You can plan for endowment later, considering your age there is many other commitments involve . . . etc
house, car, children (mayb in future)

** Can you guys comment on which option is better with pros & cons?
** On average, for the same medical card benefit, how much is the premium difference between entry age of 30 and 40, speaking in terms of ratio?
** I do understand that with any investments, there can be only projected returns and these are affected by lots of factors. But on average & speaking of long term, do majority of the companies  achieve these projected returns & thus the cash value?

Thank you

Dear Sifus,
I would like to ask opinions regarding the insurance plans for me.

My portfolio:
33yo, Female, Single, Gov Doctor, Nonsmoker, No existing insurance/ medical card

My thoughts:
1. While I'm still working with gov, I would be covered by my GL for a 1 or 2 bedded rooms. And contrary to others, I would prefer to be admitted to Gov Hosp should anything happen to me (touchwood though!).
--> Thus, is medical card pretty redundant in my scenario?
2. But I do believe that once I leave the public service, medical card would be truly essential to cover my back then.

Options in consideration:
1. Investment linked insurance GE Smart Protect Essential
- medical card annual limit annual limit 900k/ no lifetime limit. Death / TPD - 100k. CI-50k. Room & Board : 250
- premium 400/mth

2. Income protection insurance from GE as well + start investment linked with medical card rider after 10yrs from now
- For the income protection: Premium 700/mth, 10 years.
  TPD/ Death / 36 CI: 500k. Upon maturity at 20yr : projected cash value of 180k
- After paying endownment-like only package, only sign up for medical card at 40ish

** Can you guys comment on which option is better with pros & cons?
** On average, for the same medical card benefit, how much is the premium difference between entry age of 30 and 40, speaking in terms of ratio?
** I do understand that with any investments, there can be only projected returns and these are affected by lots of factors. But on average & speaking of long term, do majority of the companies  achieve these projected returns & thus the cash value?

Thank you

My thoughts:
1. While I'm still working with gov, I would be covered by my GL for a 1 or 2 bedded rooms. And contrary to others, I would prefer to be admitted to Gov Hosp should anything happen to me (touchwood though!).
--> Thus, is medical card pretty redundant in my scenario?
2. But I do believe that once I leave the public service, medical card would be truly essential to cover my back then.

Options in consideration:
1. Investment linked insurance GE Smart Protect Essential
- medical card annual limit annual limit 900k/ no lifetime limit. Death / TPD - 100k. CI-50k. Room & Board : 250
- premium 400/mth

2. Income protection insurance from GE as well + start investment linked with medical card rider after 10yrs from now
- For the income protection: Premium 700/mth, 10 years.
  TPD/ Death / 36 CI: 500k. Upon maturity at 20yr : projected cash value of 180k
- After paying endownment-like only package, only sign up for medical card at 40ish

** Can you guys comment on which option is better with pros & cons?
** On average, for the same medical card benefit, how much is the premium difference between entry age of 30 and 40, speaking in terms of ratio?
** I do understand that with any investments, there can be only projected returns and these are affected by lots of factors. But on average & speaking of long term, do majority of the companies  achieve these projected returns & thus the cash value?

Dear Sifus,

May I get your view about my agent. I have been with this agent since 2012, I have two policies with him, one for my kid (under my spouse name) and one is my personal one. One thing that irks me is that since last year, he only give one set of goodies for new year ie one diary, one calendar and one planner. Im thinking since I signed two policies, I should be getting 2.

It is not a big deal but it kinds of bothering me, because i could really use another planner, and pass the other calendar to my spouse. But I dont dare to tell him, he also now very scary haha.. i ask him to quote for me then he say he very busy.. i ask him about my current policy, then he just give me short form answers i dont understand but dont dare to ask

Any thots? 

Dear Sifus,
I would like to ask opinions regarding the insurance plans for me.

My portfolio:
33yo, Female, Single, Gov Doctor, Nonsmoker, No existing insurance/ medical card

My thoughts:
1. While I'm still working with gov, I would be covered by my GL for a 1 or 2 bedded rooms. And contrary to others, I would prefer to be admitted to Gov Hosp should anything happen to me (touchwood though!).
--> Thus, is medical card pretty redundant in my scenario?
nope, it will always act as a backup in case u need it.

2. But I do believe that once I leave the public service, medical card would be truly essential to cover my back then.
looks like you actually answer your own concern already

Options in consideration:
1. Investment linked insurance GE Smart Protect Essential
- medical card annual limit annual limit 900k/ no lifetime limit. Death / TPD - 100k. CI-50k. Room & Board : 250
- premium 400/mth
medical card with that annual limit of RM990k per year is with Room&Board RM150

2. Income protection insurance from GE as well + start investment linked with medical card rider after 10yrs from now
- For the income protection: Premium 700/mth, 10 years.
  TPD/ Death / 36 CI: 500k. Upon maturity at 20yr : projected cash value of 180k
- After paying endownment-like only package, only sign up for medical card at 40ish

** Can you guys comment on which option is better with pros & cons?
cant comment much because it serves its purpose for your needs. only if you discuss with a advisor,
from there you will know what you want and what plan benefits that you need.

** On average, for the same medical card benefit, how much is the premium difference between entry age of 30 and 40, speaking in terms of ratio?
for insurance charges of same medical card benefit itself is already 45% more.

** I do understand that with any investments, there can be only projected returns and these are affected by lots of factors. But on average & speaking of long term, do majority of the companies  achieve these projected returns & thus the cash value?
generally yes. best is to take an average, no advisor can guarantee on that. or u can ask for the investment performance record to see whether their past performance reached their forecast return or not.

Thank you

Something to clarify:

1. for GE SmartProtect Essential, the monthly premium will increase every few years?
subject to change with notice by the company. not guarantee though.

2. for the 20% co-insurance with no maximum cap if upgrade R&B, how if the R&B of my plan is not available and no choice but to upgrade? i have to pay 20% co-ins instead of 10% co-ins with a max cap of RM500 ?
once u upgrade R&B, 20% co-insurance with max cap RM3000.

3. can put gf/bf as nominee?
u can put gf/bf as nominee but still upon death payout, the money that they helped you to claim doesn't belong to them it still belongs to your estate.

Dear Sifus,

May I get your view about my agent. I have been with this agent since 2012, I have two policies with him, one for my kid (under my spouse name) and one is my personal one. One thing that irks me is that since last year, he only give one set of goodies for new year ie one diary, one calendar and one planner. Im thinking since I signed two policies, I should be getting 2.

It is not a big deal but it kinds of bothering me, because i could really use another planner, and pass the other calendar to my spouse. But I dont dare to tell him, he also now very scary haha.. i ask him to quote for me then he say he very busy.. i ask him about my current policy, then he just give me short form answers i dont understand but dont dare to ask

Any thots? 

aiyooo so generous holocene... thank you but i shy lah 
ckdenion, i guess im just wondering if it is a given that each policy is entitled to diary/planner/calendar or not. or is it up to the agents to decide what to give to whom.

aiyooo so generous holocene... thank you but i shy lah 
ckdenion, i guess im just wondering if it is a given that each policy is entitled to diary/planner/calendar or not. or is it up to the agents to decide what to give to whom.

To put it in perspective:
Agents are trained to
1. add value to the client
2. give clients what they need

So maybe you can try using this script on your agent:
"Hi agent, thank you so much for your services these past years. I find that your planners/calenders/diaries are so useful! May I have one more set to put on my office table?"

^^^ If my clients tell this to me, straight away order more and make sure they get it. That day car accident also still smiling wan. 

aiyooo so generous holocene... thank you but i shy lah 
ckdenion, i guess im just wondering if it is a given that each policy is entitled to diary/planner/calendar or not. or is it up to the agents to decide what to give to whom.

actually i did last year.. i said "why you only give one set, give two laaa"

but no response.. so scary my agent i tell u 

well anyways, thanks holocene, now i know that it is NOT a given.. i thot one policy will definitely get one. so must appreciate more

I am on GE plan - ILP smart essetial 2 with sm150
reviewing my plan now and found that smx and sme is kinda conflicting..
smx is fine since it voids co-insurance but sme is very tricky and why its deducting back the sm150 ? so if its sm150 lifetime limit is reached... we need to absorb ourself the 90k payable portion ? why such as this ? this is directly mis marketing... its free but its not free.. like that..
are all insurance medic card same like this or there is better one ?

Morning

A friend of mine have introduce me Hong Leong Assurance medical card calls HLA Medishield 2 , which offers more than 2 million coverage .

But after read through the quotation he give me , there is a things calls Deductible , which mine is RM 120,000

Will there be any consequences on the claims if i were to switch to Hong Leong Assurance medical card ?

Kindly adviced

Having a deductible if 120k means the first 120k needs to be paid for before the benefits of your medical card kicks in.

You should check with your friend how they plan to help you resolve this issue, if it's an issue for you.

Best,
Jiansheng

If i were to pay myself RM 120K , then for what i were to buy this medical card ?

I am attracted as it offers more than RM 2 Million coverage . Is there any possibility to avoid such terms and conditions ?