You will need to analyse how much you're short of right now for death, TPD and 36CI and how long so you want your income replacement to last should TPD or 36CI occur.

Investment link plan nowadays come with death, TPD and 36CI coverage. There is no such thing anymore as guaranteed renewable because once you start paying for your policy, as long as your policy is not lapsed or terminated, the insurance company will pay out in the event of death, TPD or 36 CI.

Investment plan premium are normally guaranteed Fixed upon inception of policy meaning if you are paying 200 per month then it'll be fixed 200 per month until the policy is terminated or runs out of cash value.

The cost of insurance within the investment plan will increase over time as you age but your account value will offset the cost as it accumulates cash value to pay off your future cost of insurance.

You may refer to the brochure for AIA Medical Card

https://www.aia.com.my/en/our-products/medi...medbooster.html

As a summary in a picture for you



Some of the other benefits you can enjoy as a card holder will be as followed.



This post has been edited by lifebalance: Apr 26 2017, 06:51 PM

Hi All,

I'm looking for life+medical insurance for my husband.
Below the summary info:

Option1: Life:50K CI 50K PA50K

Option2: Life 300K CI100K PA50K

Male, married, 2 kids
smoker, 35 yrs old
Operational Manager(working in office)
No admission or illness record

Pls provide low and high cash value at 30years.
Hope to get some recommendation. Thanks

This post has been edited by ggrace82: Apr 27 2017, 11:15 AM

Hi,

I've an existing medical insurance that covers 20K annually.
Was looking for a deductible medical insurance to complement.
Any recommendations other than Tokio Marine and Lonpac?

TQ

20k Annually is too small in today's standard.

If you're looking for high deductible plans then those 2 company are the only ones with it.

Noted. Thank you.

Hi, u can refer to the picture below

Yeap, like what he said earlier 20k annual coverage is really really low. It's advisable to top up your current medical plan.

There are plenty in the market. Depends what u want.

find for a plan that the outpatient cancer treatment and kidney dialysis is subject to the medical annual limit.

look at their latest medical card that covers minimum of 1 million per year

since u ask for recommendations, perhaps start with looking around for plans from the top 3 insurance company in malaysia.

Which top 3 companies? Can share?

AIA
Pru
GE

Alamak, Allianz is not in the listing

Hi,

Yes, your current medical card annual limit is very low, wouldn't be able to cope with the constant rising on medical cost. Advice you to look into some other alternative to complement with you existing.

just for your information, HLA do actually offers medical card with low deductible. With deductible selection, you may also save on the insurance charges. You may refer to the link for more info.
https://www.hla.com.my/CMS/Product-Services...uct=72&Sub=1144




Hope this helps.

This post has been edited by marilyntan: May 2 2017, 01:54 PM

not definitely must buy from top 3 companies. as long as u r comfortable with the insurance company that you wanna buy with and most importantly the agent that you trust the most!

This post has been edited by ckdenion: May 2 2017, 10:55 PM

a non agent here.. hmm im a muslim.. yes, you are advised to go for takaful as it is in comply with the muslim guidelines.. however im using a conventional insurance (no plans to change).. and my wife using takafull.. to be honest.. aside from the investment returns (cuz ive been using insurans only for 5-6 years).. when i looked into coverage when comparing my wife prubsn takaful and others such as aia, allianz and prudential.. the conventional offer slightly or somewhat better coverage.. i can be wrong.. dont bash me

for example, my wife's new prubsn RM270 coverage is 400k per year with added 400k if get cancer, kidney failure or heart attack.. death 25k, no c.i.. compared to other conventional insurance, with rm270 premium, they'd roughly get around 1 mill annual limit with no lifetime limit more or less), with some even add 100k c.i and death.. so it differes a lot in terms of value

reliablity and ease of claim however is a whole another devil.. my wife just started and never claimed before.. me, i used prudential old policy, claim has always been a breeze.. for other insurance however i really do suggest u to stalk their official malaysian FB pages and read the customer's comments. then u will get a good idea .. However do take those comments with a grain of salt.. cuz many times its the fault of the customers who did not understand their policy in d first place

This post has been edited by arilrifter: May 3 2017, 12:06 AM

As a Muslim, you'll need to take up a Takaful policy as it complies with all the shariah regulations and if you're still using a conventional policy, the investment return you're making could be non halal.

You'll also not benefit from your insurance in the event you pass away because a conventional policy for a Muslim will still be subject to Faraid distribution whereas the main reason using a Takaful policy is so that you may utilise Hibah to give the amount within the Takaful to your loves ones 100%.

In terms of benefit, I don't see there is any better coverage, probably you can enlighten me why you said so.

This post has been edited by lifebalance: May 3 2017, 12:08 AM

As a Muslim, you'll need to take up a Takaful policy as it complies with all the shariah regulations and if you're still using a conventional policy, the investment return you're making could be non halal.

You'll also not benefit from your insurance in the event you pass away because a conventional policy for a Muslim will still be subject to Faraid distribution whereas the main reason using a Takaful policy is so that you may utilise Hibah to give the amount within the Takaful to your loves ones 100%.

In terms of benefit, I don't see there is any better coverage, probably you can enlighten me why you said so.

[/quote]



yup, true, as i said as a muslim the source of the investment is better for takaful as the source is halal..

hmm, true about faraid.. but for my policy I've already stated who will recieve the money.. so i guess faraid would not be a problem? the same process goes to my wife prubsn.. she also named her own choice of nominee..

" I don't see there is any better coverage" ?? umm i meant that from the tons of quotes ive recieved on insurance products offered to me... i see that conventional insurance offers more in terms of annual limit, c.i and death.. the reason i chose prubsn takaful, simply because the agent that met me was more educated and convinced me he knows what he is doing.. dont get me wrong, there's a ton of agents that i met online that were excellent.. however the problem was they were mostly based in KL and im based in penang.. prefer agent easy to reach if anything happens

This post has been edited by arilrifter: May 3 2017, 12:14 AM

Whoever you named within the conventional policy is just an executor, they won't get the amount even if you have written their name. It will subject to Faraid.

As per your example, I don't think this is true and same for AIA as the benefits offered for both conventional and Takaful in on par with each other. With the exception of Takaful being slightly higher on the contribution compared to conventional policy due to Tabarru.

This post has been edited by lifebalance: May 3 2017, 12:16 AM

ehhhh? this is weird.. the posts that i did earlier was in response to sum1 asking which is better, conventional or takaful.. it seems the post is gone???

[quote=arilrifter,May 3 2017, 12:13 AM]
As a Muslim, you'll need to take up a Takaful policy as it complies with all the shariah regulations and if you're still using a conventional policy, the investment return you're making could be non halal.

You'll also not benefit from your insurance in the event you pass away because a conventional policy for a Muslim will still be subject to Faraid distribution whereas the main reason using a Takaful policy is so that you may utilise Hibah to give the amount within the Takaful to your loves ones 100%.

In terms of benefit, I don't see there is any better coverage, probably you can enlighten me why you said so.

[/quote]
yup, true, as i said as a muslim the source of the investment is better for takaful as the source is halal..

hmm, true about faraid.. but for my policy I've already stated who will recieve the money.. so i guess faraid would not be a problem? the same process goes to my wife prubsn.. she also named her own choice of nominee..

" I don't see there is any better coverage" ?? umm i meant that from the tons of quotes ive recieved on insurance products offered to me... i see that conventional insurance offers more in terms of annual limit, c.i and death.. the reason i chose prubsn takaful, simply because the agent that met me was more educated and convinced me he knows what he is doing.. dont get me wrong, there's a ton of agents that i met online that were excellent.. however the problem was they were mostly based in KL and im based in penang.. prefer agent easy to reach if anything happens

[/quote]

Penang agent here, but travel to KL often. These days it is so easy to keep in touch via Whatsapp, Wechat and FB.

Claims are also made effortlessly using the GL, just need to collect all documents and pass to the agent.

On the conventional, you may select shariah compliant funds if you are worried of the halal status of the returns.

However in conventional insurance as a Muslim (even your EPF), the named nominee when receiving the death benefit shall act as an Executor to distribute the money in accordance to Faraid distribution.

This is also why EPF has started with Shariah compliant contribution and I believe its ultimate aim is to ensure that the participants money can be hibah instead of receiving it as an Executor.
EPF FAQ

In this respect, you may add on another life policy in Takaful and select hibah.

Otherwise, fasterlah get a Son so that the Faraid distribution will not go outside of your own family.