Because other than RTA death, these are the main cause of disease and mortality in Malaysia.
Broad CI would cost more.

My question: is this TCI and coverage a good deal compare to the monthly premium quoted.
Are there better deals?

Well I wouldn't say it's right or wrong to do your own investment if you feel that you can do better than insurance company, just bear in mind that future cost of insurance will increase and you'll need to have discipline to prepare that money for the future to pay off insurance charges.

You may refer back to the illustration on historical date on the returns but of course no investment is guaranteed.

You may choose a few funds to put in such as low, medium and high risk so that your risk of investment is diversified.

You may need to declare the health status and wait for the doctors report to see what is the underwriter decision on your wife's and son's application.

Yeap

Let's put it this way, agents give their advise base on personal experience but if you are really keen to apply for it, then you'll have to submit your application and go through the process to get your health checked and see what the underwriter has to say about your application.

With critical illness, you're basically buying a payout in the event you're diagnosed with 36 CI in order to use that payout to sustain your cost of living.

Whether it's expensive or not it's immaterial if you see the benefit that you get from the rider itself.

If you feel that you don't need those extra money while you're critically ill and unable to work. Then your option is not to include the rider.

I would suggest atleast 2 - 3 times of your annual income for your critical illness.

I would say the premium is around that range for your age.


I believe this is a term insurance, the coverage seems good for the price offered. However it doesn't seem to cover all the 36 critical illness. You may want to consider an overall 36 critical illness coverage to have a better peace of mind rather than just a few.

However there is no right and wrong.

The more coverage you have will typically increase your overall cost of insurance.

With a similar coverage at your age, a critical illness coverage would range between RM150 - RM300 depending on how comprehensive it is.

When you're talking about better deals, what are you referring to ?

Lower Price, lower coverage?
Lower Price, same coverage ?
Lower Price, better coverage ?

Insurance is a very fair product in the sense you pay for what you get. You want a better coverage, pay more for it.

This post has been edited by lifebalance: Aug 23 2018, 01:37 PM

Thanks for your reply. I'm not sure of the market premium rates for CI, just want to know the general rates. I do know that usually telemarketing should have lower admin fee compared to buying from agency.

I initially don't plan to buy any CI plans but I would consider if the premium is a good deal.

A lot of ILP fund is down
For example
https://www.bloomberg.com/quote/ALZEQYF:MK

YTD down for 5%

The money inside ur ILP is down for 5% thus it will affect future cash value to will be use to cover the increase of COI

Not sure as I'm Allianz ILP policy holder that why I'm checking on the cash value and its shock me

for that price with that amount of coverage, i will say it is a good deal. also its subjective to tell you about the pricing because it is based on a few factors - whether CI coverage covers early stage, how many type of CIs (some cover only cancer, some cover the 3 main CIs, some cover all), and different CI plan perhaps might have different payout benefits. so yea kinda hard to tell you which deal is better. most importantly with the premium that you are going to pay can take away your worries, that will be your main concern.

perhaps best way is to look for CI plans and compare and you judge by yourself.

not sure about the admin fee though. but there will be no agent's commission.

It basically means that the fund performance this year so far is down 5%.

While yes, the units deducted to cover this year's COI is deducted at the current value,
our premiums to buy those units also result in us buying more units at the current value.

But then again, though the name "investment-linked life insurance", it is not and should not be considered as your investment vehicle.
Take a good look at the Life sum insured, the riders, and ask yourself "what do they mean to me? How are these helping me do what I want to do?"

This post has been edited by JIUHWEI: Aug 27 2018, 06:37 PM

does car insurance renewal subjected to SST?

Yes agreed.
The risk is bear by customer.
When old time, need to topup due to cash value not able to sustain

Hi all,

I'm a 25 year old
i) male
ii) relatively healthy
iii) non-smoker

Curious to know if it makes sense to get the Allianz MediSafe Infinite medical insurance. Pretty new to this, as I have started working for two years now.

Would love to hear some opinions

Thanks a bunch!

Allianz MediSafe Infinite is a medical card with no lifetime limit. If you're looking to be insured for the long run and have the budget to do so then you can consider it.

Best,
Jiansheng

I think generally most insurance company nowadays provide similar no lifetime limit. GE, Pru, HLA, AIA, Alllianz and others if not mentioned.

Any particular benefit that made you attracted only to Allianz ?

Read that it's a good value medical card. Do you have any recommendations?

Hmm if you're referring to good value, some people would have different view like

Cheaper price but better benefit
Expensive but comprehensive

It depends on your overall budget whether you want to afford a investment link policy with a medical plan or just a stand alone medical plan is enough for you.

What's your budget you're planning to put in for yourself?

why not? talk to an agent that you find comfortable with and most importantly you yourself trust the agent that you deal with

very hard to recommend since most medical cards have the same benefits already.

I bought the Smart medic xtra and smart extender last year.

Already bought 13months. Let’s say now I go hospital, I need go pay anything? Or got Critical Illness can I claim the insurance? Or have to wait certain time only can claim? Withine 2yrs insurance company will not let you claim?

Another question is if I bought the medical card and after 6months Confirmed diagnosis Some diseases. will if affect my insurance?

Ordinary sickness or those general outpatient sickness, generally medical card is not covering.

It is not like you have a medical card, you can go to hospital totally free.
It is important to read and understand your insurance policy, what is covering, what is not, and whether there is co-insurance or not.

That's why I always reiterated, please don't have a mindset that I have xyz medical insurance already, I don't need to worry about my medical cost, insurance will take care all.

Generally medical insurance has 120 days waiting period, so if it happens after 6 months you had bought the insurance, then it is eligible to claim.
No such thing of within 2 years, insurance won't allow you to claim.

My purpose for holding a Medical card is for future if have anything happen like accidents or any sick that need operation so I have a better choice instead of Gov hospital.
Just(touchwood) if anything happen like cancer or else happen now. Will my medical card that bought 1year covered?


I

Government hospital are not bad to be honest. Most complicated issues are generally handled by them passed on by private hospitals.