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 Insurance Talk V4!, Anything and everything about Insurance

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ckdenion
post Aug 10 2018, 01:13 PM

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QUOTE(jiaen0509 @ Aug 9 2018, 08:48 PM)
Now I’m 22 years old. I bought the Smart medic xtra and smart extender last year. Investment link insurance plan.

Today know about Great 110 Legency email. Can I know is want subscribe need add on how much? Non-smokers.

I am currently paying 250. Will the price increase later?
*
Great 110 Legacy is a separate plan. for your age, getting 100k sum assured with Great 110 Legacy will be roughly RM100 per month premium.

The premium u r paying now for your investment linked plan will increase price ONLY WHEN cash value is unable to sustain the policy OR insurance charges increase. highly likely wont happen anytime soon. no worries. biggrin.gif
GibsX
post Aug 10 2018, 08:52 PM

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Hello guys,

Anyone can suggest me good Takaful Hibah plan for around rm150-rm200/month? Age 26 this year.

Thanks!
jiaen0509
post Aug 10 2018, 10:08 PM

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I actually found a GE plan call Great Team Direct which is direct sales without any agent.

Unable to find more details on this plan online. Anyone know about this plan? Is it worth?

https://www.greateasternlife.com/content/da...v2-brochure.pdf
Holocene
post Aug 10 2018, 10:15 PM

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QUOTE(jiaen0509 @ Aug 10 2018, 10:08 PM)
I actually found a GE plan call Great Team Direct which is direct sales without any agent.

Unable to find more details on this plan online. Anyone know about this plan? Is it worth?

https://www.greateasternlife.com/content/da...v2-brochure.pdf
*
Seems like an online term insurance.

If you'd like to know the premium you will be paying prior application, you can check out Allianz's online term insurance.

https://www.allianz.com.my/iessentialcover

Best,
Jiansheng

mustang
post Aug 11 2018, 09:18 PM

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QUOTE(ckdenion @ Aug 10 2018, 01:13 PM)
Great 110 Legacy is a separate plan. for your age, getting 100k sum assured with Great 110 Legacy will be roughly RM100 per month premium.

The premium u r paying now for your investment linked plan will increase price ONLY WHEN cash value is unable to sustain the policy OR insurance charges increase. highly likely wont happen anytime soon. no worries. biggrin.gif
*
May I know what is cash value unable to sustain the policy? Mind to elaborate further? smile.gif

TQ
lifebalance
post Aug 11 2018, 09:51 PM

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QUOTE(GibsX @ Aug 10 2018, 08:52 PM)
Hello guys,

Anyone can suggest me good Takaful Hibah plan for around rm150-rm200/month? Age 26 this year.

Thanks!
*
What's the purpose of the coverage for?

How much coverage are you looking at?

What's your gender, do you smoke and your occupation?

QUOTE(jiaen0509 @ Aug 10 2018, 10:08 PM)
I actually found a GE plan call Great Team Direct which is direct sales without any agent.

Unable to find more details on this plan online. Anyone know about this plan? Is it worth?

https://www.greateasternlife.com/content/da...v2-brochure.pdf
*
This is a term insurance, you may call up GE to buy directly

QUOTE(mustang @ Aug 11 2018, 09:18 PM)
May I know what is cash value unable to sustain the policy? Mind to elaborate further?  smile.gif

TQ
*
There is possibility of bad investment return, low. Investment return or increase in future cost of insurance which may cause a policy unable to sustain itself with the projected value based on the 1st day you bought the policy
nxtpg
post Aug 12 2018, 09:17 AM

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Attached Image

What is this all about? Valid for policy upgrade?
blindmutedeaf
post Aug 12 2018, 07:29 PM

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QUOTE(nxtpg @ Aug 12 2018, 09:17 AM)
Attached Image

What is this all about? Valid for policy upgrade?
*
new kind of policy.
https://www.greateasternlife.com/my/en/pers...110-legacy.html

it is kinda worth now with the 20% discount.

FYI in Malaysia, all Accident Benefit till age 70 only.
ckdenion
post Aug 13 2018, 11:50 PM

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QUOTE(mustang @ Aug 11 2018, 09:18 PM)
May I know what is cash value unable to sustain the policy? Mind to elaborate further?  smile.gif

TQ
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it is a endowment plan, so long premium is paid without missed, it wont lapse and you will have maturity benefit at 80 years old. did you ask your agent for a quotation?

QUOTE(nxtpg @ Aug 12 2018, 09:17 AM)
Attached Image

What is this all about? Valid for policy upgrade?
*
its a new plan offered to existing selected policy holders first.
TSroystevenung
post Aug 14 2018, 07:06 AM

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QUOTE(swn525 @ Aug 9 2018, 03:36 PM)
Prudential agent, for baby insurance in pregnant, from how many week to how many week can buy the insurance?
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A minimum of 14 weeks to a maximum of 35 weeks into pregnancy
swn525
post Aug 14 2018, 08:48 AM

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QUOTE(roystevenung @ Aug 14 2018, 07:06 AM)
A minimum of  14 weeks to a maximum of 35 weeks into pregnancy
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thanks a lot
adele123
post Aug 14 2018, 02:22 PM

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QUOTE(jiaen0509 @ Aug 10 2018, 10:08 PM)
I actually found a GE plan call Great Team Direct which is direct sales without any agent.

Unable to find more details on this plan online. Anyone know about this plan? Is it worth?

https://www.greateasternlife.com/content/da...v2-brochure.pdf
*
if you want to buy something without agent, you can. Mostly are just term product

you can go to aia, manulife, prudential, hla website...

Examples that you can google
hlatouch.my
manulife now
jiaen0509
post Aug 15 2018, 08:06 AM

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I am interested on the Great 110. Just wonder is it worth to subscribe the term life insurance now?

Is Great 110 worth? Or another insurance company able to provide the same insurance with more benefit or lower premier price than Great 110?

Need advise~
lifebalance
post Aug 15 2018, 09:43 AM

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QUOTE(jiaen0509 @ Aug 15 2018, 08:06 AM)
I am interested on the Great 110. Just wonder is it worth to subscribe the term life insurance now?

Is Great 110 worth? Or another insurance company able to provide the same insurance with more benefit or lower premier price than Great 110?

Need advise~
*
You may consider A-Life SIgnature Beyond which gives
2x payout for Accidental death
3x payout for Accidental death by public conveyance
6x payout for natural disaster

blackseed202
post Aug 15 2018, 11:05 AM

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Can someone help list products for pure takaful traditional not investment link please? For hibah coverage 500k only please.

Non smoker. 26yrs old. Professional jobs.


lifebalance
post Aug 15 2018, 11:06 AM

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QUOTE(blackseed202 @ Aug 15 2018, 11:05 AM)
Can someone help list products for pure takaful traditional not investment link please? For hibah coverage 500k only please.

Non smoker. 26yrs old. Professional jobs.
*
you can deal directly with insurance company, only they sell term insurance for takaful, not investment linked
ckdenion
post Aug 15 2018, 04:25 PM

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QUOTE(jiaen0509 @ Aug 15 2018, 08:06 AM)
I am interested on the Great 110. Just wonder is it worth to subscribe the term life insurance now?

Is Great 110 worth? Or another insurance company able to provide the same insurance with more benefit or lower premier price than Great 110?

Need advise~
*
Great 110 is a whole life endowment, up to 80 years old. it is up to you to decide between the plans that you are looking at. smile.gif
ck8811
post Aug 16 2018, 06:56 AM

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Anyone bought ILP here ? Mind to share the investment portion return% for the past few years?
lifebalance
post Aug 16 2018, 11:15 AM

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QUOTE(ck8811 @ Aug 16 2018, 06:56 AM)
Anyone bought ILP here ? Mind to share the investment portion return% for the past few years?
*
hmm.gif that depends on which fund you invest in, you can always refer back to the schedule of investment return in the past whenever a policy is generated to get an idea on the past performance.

QUOTE(Pitbulllover @ Aug 16 2018, 11:04 AM)
If not mistaken, in short . As you age, you need to pay more in terms of insurance premium price. Because the investment return will not be able to cover the rising medical cost. The fixed premium won't last long.
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Correct smile.gif simple and straight forward.
ckdenion
post Aug 16 2018, 11:24 PM

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QUOTE(ck8811 @ Aug 16 2018, 06:56 AM)
Anyone bought ILP here ? Mind to share the investment portion return% for the past few years?
*
u mean pure ILP that has no insurance benefits? just the investment portion? different companies different % wor... but average is 5~9% p.a.

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