Hi guys,

want to ask if is it a good idea to buy pregnancy and education insurance? Are they worth to buy them?

The first and foremost is the breadwinner get the adequate insurance first and adequate coverage.
So review whether the breadwinner already cover in the first place.

Education insurance is more like saving plan or a forced saving mechanism only, the insurance won't ensure the amount is sufficient or not for the future. You buy more, ended more, just like you save more, you ended more.
But one thing good about it, is that it has tax relief up to RM3k pa.

The mindset shouldn't be either win against insurance nor lose in between.
There is no such thing of worth to buy an insurance or not.

If i am the breadwinner for my family, i want to ask how much is the coverage now should i go for life term insurance? At least 1 million?

For the education insurance, yes i treat it as a saving plans so that my future child will have a certain amount of money for him/her to study.

The general idea is to have an amount sufficient to support your family for X number of years in the event you are no longer able to provide for them. Whether RM1,000,000 is sufficient for your family depends on their needs.

When you meet an insurance agent, he/she should be able to guide you through this process.

Best,
Jiansheng

Any insurance plan out there is good. But you'll need to first find out how much insurance is necessary. Too much and it's a burden, too little and you're not financially secured.

Get a insurance agent to plan with you.

It has a lot to do with income level, disposal income available, aka affordability.

hi
my birthday is on 10th Nov
how much the premium would be difference if i buy it before or after the date of birth?
current age 28

and im looking for med card
so many insurance co and plan out there

premium won't be much difference since you're relatively young, ya many insurance company outside, choose 1

can anybody recommend me a good insurance for personal accident?

I believe at 66, nobody will dare to ask your dad to switch insurers, especially medical insurance.
Because we don't know:
1. his medical history
2. his claim history

What we're afraid of:
1. incontestability period
2. Waiting period
3. non-declaration

There really is no such thing as good or no good.
Reason being the medical service providers are all the same, and each and every company pays in MYR.

There is also no such thing as being "overcharged" in such a heavily regulated industry.
It is a fear created and propagated by the bad apples within the industry in an effort to paint others black.

So let's look at what is real and what is true:
1. Your dad already has medical insurance.
2. Your dad is best to stick with a provider that ALREADY covers him.
3. Your dad needs that medical insurance.

Why not stay the course and let the current company do what it says it will do?

I acknowledge that the premium figure may be cause for concern.
I am not looking down on that figure at all.
But if you ask me, knowing what I know, I will just pay it.

Every agent here wants your business.
But I think everybody in their right minds and right conscience will tell you the same thing I am telling you.

Whats more valuable that covered amount is that the company says "we are accepting your proposal".
Take it.

You're back...

Yeah brah.

Kind of recovered from my mom's passing.

My condolences.

Nothing can replace a mother's hug and love.

my wife was just offered the below and i want to topup, what is the best to topup or even add for example, critical illness etc:
wife (38 years):
rm220/month
1mil Annual limit, after that copay Pru 80% owner 20%
rm100 R&B
10k life

Which one makes morr sense? Either take ILP and medical fron separate insurers (1 ILP with Insurer X, and 1 medical standalone from Insurer Y) or both from same insurer?

This post has been edited by watabakiu: Nov 1 2018, 05:04 PM

What do you think?

ILP has some funds to feed the cost of insurance for trivial events like an expired credit card;
while a standalone medical lapses within 30 days grace period.

If you ask me, I would just go with ILP.
But that's just my personal opinion.

I think of her every day..

It's really very tough emotionally.

I thought I was already numb to it with the number of funerals I attended all these years (dad's clients)...
But I was a complete mess for a long time.

Just very thankful to all the friends and family as well as the service providers keeping me and my dad and siblings together.

Nobody asked but I do have my regrets.
I regret not hugging my mom more,
I regret I didn't buy her flowers more often,
I regret not being able to locate the theresa tang cassette album she likes,
I really really miss going to the wet market with her, and the dinners we had together.
I wish we took more pictures together too.

I can't look at my childhood pictures the same anymore...

Thanks for the reply, but I am not comparing standalone vs ILP, but asking to get both from the same insurer better or get from two separate insurers between?

It doesn't make a difference, really.

If you have a preference, you can go with your personal preference.

[Personal Opinion]
I believe many here share my personal opinion on the matter..
That is, it really doesn't matter which company(s) you go with.
Your experience with any and all companies will only be as good as the servicing agent's services.

So if you have a particularly good friend/family member that is currently servicing your insurance needs, go with him/her!


[A bit more]
My experience dealing with my clients who asked the same question, is that the question really sounds like this:

"Do insurers communicate medical histories with each other?"

The answer is NO. It is your private data, so no sharing unless otherwise permitted by you.

However, while insurers keep your data to themselves, your medical history at any and all licensed and registered medical facilities in Malaysia is safe with the Kementerian Kesihatan Malaysia, as well as all local medical facilities for a minimum of 7 years.

If medical history is a concern, I suggest you have this discussion with your current agent (or an agent you trust) to look for the most feasible solution, considering the realities of the day.

May not be ideal but it is definitely better than nothing.

HI, my relative have a plan under AIA Anniversary Life plan since 2003 at age 53
it stated sum assumed 12k and yearly premium 1,200

May i know what the feature ?

Based on my calculation, she already paid for RM19,200 in total for the pass 16 years and now the policy value only 7k.

she is wandering worth to continue....