if thats the case meaning from the age you signed the policy, this benefit will cover you for 66 years based on RM2,400. and yes u r right. should TPD/CI, RM2,400 will be paid by the company. still you are still subjected to the risk of RM2,400 will not be enough to cover future cost. meaning if company required you to top up, RM2,400 will be born by company and you paid the top up portion.

I was referring to medical insurance, which I was told term insurance is not guaranteed to renew once you are diagnosed with illness.

No such term now. Already dissolve since 2015

So basically what it means is that Great Eastern (GE) commits to paying RM2,400 (being the annual premium) - but the policy may still lapsed should this payment could not cope with the increasing CoI?

Yes, correct.

Is it possible to have my ILP assigned to my spouse (what's it called, policy owner??) but the life insured is for me?

You may do so, but you'll lose control of the policy once you've absolute assigned it.

In what sense, if I may ask? I understood that the policy owner may be able to surrender the policy, and to change the nominee. Anything else?

Once you've assigned the policy away, it's as good as saying you relinquish your rights on that policy of yours that you've bought.

You cannot do anything towards the policy besides paying for the policy. Unless your spouse decides to assign the policy back to you.

But the crux of the matter is that, it can be done? I.e. can have separate policy owner and life insured? And later on, the policy owner may assigned back the policy to the life insured?

for medical insurance (guess you were referring to standalone medical plan), as long as the plan is not lapse, it is guarantee renewal already. make sure after diagnosed with illness (major ones), you dont lapse the plan.

yeap u r right. it is same as if u urself committing to pay RM2400 yearly and in the future lets say touch wood due to insurance charges hike and current premium & existing cash value is not able sustain, company has the right to ask u top up.

yes u can. it is same case for spouse is the policy owner, and life assured is ownself. can actually assign it this way when you sign up for the policy.

yeap it can be done. policy owner can assign back to life assured too in the future.

But what happens should the policy holder dies earlier than the life insured? The policy lapses?

good question there! if im not mistaken, it will be automatically assigned to the life insured or the assigned trustee. need to confirm and get back to you again. correct me if im wrong

So let's take AIA A-Life Med Regular as an example. As a standalone medical plan, it is guaranteed renewable even after I diagnosed with an illness? Same for plans from other companies? There is a "non-cancellable" policy mentioned in the contract?

So what advantages are there for ILP? What I can only think of...
-forced savings
-tax deduction for portion added to investment (but that may gradually lessen since insurance charges increase with age)
-more stable investment funds (?)
-better service from agent (i guess they get higher commission from ILP) and hopefully get good agent that can also educate you on choices rather than having to ask in forums?
-can attach additional riders ?
-slightly lower insurance charges perhaps?

What's their annual limit like? 🤔

the policy will be assigned back to the life insured.



Yes correct



Sorry I won't be able to comment on other company practice




All are correct except better service from agent is quite subjective haha

And this makes perfect sense! All along I mis-read the Benefits Table. I didn't know how I inferred it, but I thought the benefit lapsed once it reaches RM2,400/lifetime. So I was like, agak dumb juga angkat this rider, can weather me for a year saja!

For Prudential, is there an ILP rider for income replacements?

Sorry for the late reply. Term insurance here meaning is term life insurance ( no medical card ) Are u referring to standalone medical card if i`m not mistaken? If you are very good in investment and have discipline savings and you have the time to manage them then go ahead for those investments/savings. Standalone medical card is mostly for group age 60-70 without any other riders like we have in ILP insurance. The reason why we get ILP and not standalone is because the protection from standalone is not comprehensive and complete to give u a peace of mind. If you have a standalone medical card and lets say one got diagnosed with cancer, only the Medical cost will be paid by the company up to a certain limit and there wont be any paid out by company as living expenses/ family responsibilities. Mind that a breadwinner of a family still need to pay for the fixed expenses, food expenses, children`s expenses and others if they have any other dependent on them like their parents. And you don't receive a refund at the end of the policy period


It is better to get at least 1million coverage as soon as we can because when we need it no any insurers will offer you medical card if you are not healthy anymore or there will be exclusion to your pre-existing illness in your new upgraded medical card. If u can guarantee no sickness till age 80 then there is no need to upgrade your medical card.



why pay to hospital yourself when you can let insurers pay for you ? Are you going to take money from your bank, sell of your asset, reduce your net worth?

Let me take one example for Age 35 medical card rm150/month
rm1800 p.a x 35 years up to age 70 = Rm63k exchange for 1m unlimited protection
in the end of policy period u still get back your cash value.

Lets say if you are cash rich and you can pay for the medical bills. Would you rather give the 200k to the hospital or would you give to your family for a better living life?

It all depends on how the insurers calculate for their COI and whether if its a step premium system or level premium system. We charge based on mortality and morbidity rate, work occupation and smoker or non smoker.

I know A Life Med Regular is a standalone medical plan. What about A Plus Med? Is it standalone too?

What is the difference between the two? From what I understand the difference is that A Plus Med has the increasing overall annual limit.

Thanks.