Is there any insurer in Malaysia that provides insurance for income protection? One example that I saw is Pay Assure from GE Singapore

Hi all, I want to know what's the "meaning" of Conventional Critical illnesses plan, due to:

1) can only covered or payout compensation for "very critical stage" of illnesses such as cancer at stage 3.

2) for early stage illnesses (like cancer stage 1/2) the insurance holder still need to pay the premium until like forever?

3) as I know, 3rd stage of cancer is very gg already... what's the meaning of such coverage that can only be activated at very critical conditions?? Insurance holder still need to fork out money to pay the premium even though the buyer had already sick but without any insurance compensation at all???

Pros side:

1) surrender value ada in the future.
2) both of premium and surrender value is increasing according to longer time the holder still pay the insurance. But of course, the value cannot exceed simple investment products because CI is offering protection.

Contrast side:
1) surrender value? For what? The premium holder gonna surrender it during he/she is very old which means grater possibility of "get sick/die"???

2) CI offering protection?? With 0 compensation at early stage of illnesses=protection?? It sounds like PI that "only bayar" when insurance holder died or "dying aka nearly died"...

Lastly I just want to seek for opinion what's the meaning/point to keep such conventional CI plan? Everyone telling me this CI plan is best because insurance company do not selling such/similar plan anymore.

But I dislike the "3rd stage cancer" part so much... what's the meaning if insurance holder sick but "not too sick yet" and he/she still gonna pay the insurance premium until like forever?

This sounds kinda absurd in my shallow opinion, please enlightens me. Thanks and good night.

Thanks jiansheng, for your informative feedbacks.

- Yes it is the older plan that you mentioned.
- The insurance gonna pay until 85 years old.
- This plan isn't cover early stage at all, which means I've to pay it unless I'm diagnosed with stated "very critical illnesses"..
- I do not set my priority in such long term CI plan, because of it's unreasonable for an aging person to surrender it during he/she is very old (6x-7x years old), so the surrender value is a double edge sword which is useless imho.
- Early stage illnesses compensation is one of the "most useful" protection in CI plan, no?

About the survival period, my CI comes with "death benifits".
The survival period is 30 days, is it too long? (Many plans are 14 days)

Good luck with your meeting with clientele, flight well

Hi, I got question regarding travel insurance. If, I being hospitalized during my journey what should I do?

If, the bill is small the easiest should be I pay first and claim it back when I arrived in Malaysia?

What should I do If the bill is too expensive which I cannot afford? The insurance will made the payment before discharge?

Thanks

Is there any insurer in Malaysia that provides insurance for income protection? One example that I saw is Pay Assure from GE Singapore

Hi sifu sekalian,
I have a life insurance from GE since I was 1 years old with annual premium of RM 1.1k and sum assured only rm100k. I am currently 24 years old. Is this plan still good for me? Any recommendations of better plan out there?

Hi sifu sekalian,
I have a life insurance from GE since I was 1 years old with annual premium of RM 1.1k and sum assured only rm100k. I am currently 24 years old. Is this plan still good for me? Any recommendations of better plan out there?

Hi sifu sekalian,
I have a life insurance from GE since I was 1 years old with annual premium of RM 1.1k and sum assured only rm100k. I am currently 24 years old. Is this plan still good for me? Any recommendations of better plan out there?

Prudential wealth gain. Pay 25k per year for 3 years, every year can take interest out for 15 years. If don take interest will have bonus as well. Worth?

Hi sifu sekalian,
I have a life insurance from GE since I was 1 years old with annual premium of RM 1.1k and sum assured only rm100k. I am currently 24 years old. Is this plan still good for me? Any recommendations of better plan out there?

lifebalance
do i need to do a premedical checkup before getting a medical insurance?

already have a savings link with AIA.

male 33
non smoker
software engineeer

Hi all sifu, i am planning to get a medical card, may i know which insurance company offer best package? personally more toward prudential, but it seem not so popular here?

Age 26,
Non smoker,
Job Programmer.

😅😅

Don't spill blood in the water by asking which insurance company offer the best package 😂

Anyways if you're comparing medical cards, this link will be able to give you a summary: http://www.howtofinancemoney.com/2016/03/b...d-malaysia.html

Once you've done with that you can pose your questions here

Best,
Jiansheng

Hi all sifu, i am planning to get a medical card, may i know which insurance company offer best package? personally more toward prudential, but it seem not so popular here?

Age 26,
Non smoker,
Job Programmer.

Hi all sifu, i am planning to get a medical card, may i know which insurance company offer best package? personally more toward prudential, but it seem not so popular here?

Age 26,
Non smoker,
Job Programmer.

i understand that most if not all CI plan covers stroke, but i would like to ask whether stroke and being bedridden as a result, is considered as TPD, hence entitled to TPD payout of life insurance?