Thanks for the feedback lifebalance and roysteveung.

Yes, budget is the main concern here as my spouse and I are already spending almost RM700 a month in total on our own insurance policies.

Which is why was considering on whether to wait for another year or so before buying as currently already covered by employers insurance. By then some loans would have already been cleared which makes it less taxing on the pocket.

while searching for pure medical card without investment & other protections, i found out few of the mainstream companies do not have such product, all of them are investment linked / compulsory to take up some sort of life insurance.   

for what is worth mention is that BNM has enforced an initiative for Direct Distribution Channels for pure protection products, directly from the insurer without commission paid to intermediaries (agents) and possibly lower cost to consumer. such products are expected to be available 1 jan 2018  
i believe this is gonna be similar initiative introduced years ago, for 10% discount on premium for renewal of motor insurance online with insurance company directly.

few areas that i think worth to highlight is clause 5.2, 7.2, 8.1 and 8.2 
http://www.bnm.gov.my/index.php?ch=57&pg=140&ac=536&bb=file

so are looking for pure med card, and can afford to wait another half a year for lower premium, then this probably a good option to consider.

Thanks for the feedback lifebalance and roysteveung.

Yes, budget is the main concern here as my spouse and I are already spending almost RM700 a month in total on our own insurance policies.

Which is why was considering on whether to wait for another year or so before buying as currently already covered by employers insurance. By then some loans would have already been cleared which makes it less taxing on the pocket.

Is more about the protection rather than payment.
Normally I practice 10% income for imsurance, in exchange for 10 years income protection, means you make 100k yearly, you have 1 mil cover.

To answer your question, all major insurance company do offer standalone medical product.
Things is the market trend now is saving or investment, most agent wont quote you on that.
Generally it cost around RM70 a month if you are below 30, after that it might increase.

Cheers 
Is more about the protection rather than payment.
Normally I practice 10% income for imsurance, in exchange for 10 years income protection, means you make 100k yearly, you have 1 mil cover.

Balance both and youwill be fine.

Most people think if I need to double my cover do I need to double my payment.
Unfortunetely that is not very true.

If you think you pay too much for insurance premium, ask your agent to discuss how to reduce payment without reduce cover.

Cheers

Using your illustration, when you mean 1mil cover for an individual who earns 100k per annum, does your 1mil cover refers to total sum assured for the life component?

Hi,

Currently I am paying insurance+med card for myself (RM170), for my daughter (RM100) and life insurance to cover my mortgage loan (RM200) while my wife is paying by herself. Now we got new baby and I'm thinking to get one for him.

Any suggestion? Is there family package that can cover all of us?

Ok sifus, need your opinion on my current plan from Prudential. Does the premium seem a bit high for this plan? It's an investment linked plan and I've had it since 1999.

Monthly premium RM224
PRUlink assurance account RM 120,000
Crisis Cover Benefit RM 120,000
Personal Accident Benefit RM 40,000
PRUdisability provider Benefit RM 8,000 per annum
PRUmajor med 2 Benefit RM 200 (Room & Board)

To confirm- the perks in having CI coverage is that once the policyholder is hit with 1 of the CIs covered, the policyholder is paid in full (of the sum assured), whilst not impacting on the policyholder's annual limit/lifetime limit.

Is my understanding correct?

To confirm- the perks in having CI coverage is that once the policyholder is hit with 1 of the CIs covered, the policyholder is paid in full (of the sum assured), whilst not impacting on the policyholder's annual limit/lifetime limit.

Is my understanding correct?

That will be incorrect

The critical illness coverage rices along the death/TPD sum assured thus it will accelerate the death claim amount as critical illness

Unless you purchase early critically illness or multi critical illness which will not accelerate the death sum assured amount.

To confirm- the perks benefit in having CI coverage is that once the policyholder is hit with 1 of the CIs covered, the policyholder is paid in full (of the sum assured of the CI coverage), whilst not impacting on the policyholder's annual limit/lifetime limit.

Is my understanding correct?

Ok sifus, need your opinion on my current plan from Prudential. Does the premium seem a bit high for this plan? It's an investment linked plan and I've had it since 1999.

Monthly premium RM224
PRUlink assurance account RM 120,000
Crisis Cover Benefit RM 120,000
Personal Accident Benefit RM 40,000
PRUdisability provider Benefit RM 8,000 per annum
PRUmajor med 2 Benefit RM 200 (Room & Board)

To confirm- the perks in having CI coverage is that once the policyholder is hit with 1 of the CIs covered, the policyholder is paid in full (of the sum assured), whilst not impacting on the policyholder's annual limit/lifetime limit.

Is my understanding correct?

Thank you for concurring. To further elaborate on my earlier question and your response--

CI payables is meant to give lump sum payment to the insured, and that it does impact the annual/ lifetime limit. So, does it mean:

1) Once CI is paid for one of the illnesses, the CI portion in the insurance is gone (i.e. no further payments to be honored for the next CI)?
  1a) Not sure what accelerate death claim means. But does it mean that no death claim is to be paid once the policyholder has gone kaput?
2) Will it then decrease the subsequent premium payments (disregarding the increase of COI y-o-y), as the CI portion is no more?
3) CI =/= TPD per se, as CI covers for Critical Illnesses, whereas TPD is for lost of limbs. Is this correct?

AIA offers a certain lifetime limit (eg RM 750, 000 for R&B plan of 150) for claim under outpatient cancer treatment. Just wondering after exhausting this lifetime limit, is one allowed to claim under the plan's annual limit for outpatient cancer treatment?

Not for outpatient purpose once the limit is fully utilised. It will only be claimable if it's inpatient.

Thanks for the reply lifebalance. Guess it is good that I double checked here -  I was told by the agent that the usual annual limit can be used for outpatient cancer treatment upon depletion of this limit 😰 thanks!

Thanks for the reply lifebalance. Guess it is good that I double checked here -  I was told by the agent that the usual annual limit can be used for outpatient cancer treatment upon depletion of this limit 😰 thanks!