Keith,

Once again you're a life savior and being kind with your response/advise.

Even if I take the 70 years old plan, it's advisable not to take the 80 years old plan? Any cons in doing so as I can save RM30/month. Thank you

Guys, what is the return % on GE's Smart Educate Saver over the 18 years? lowest projected & High projected?
I heard it is a good plan, that the Unit trust will use the money for investment

SOS: https://www.greateasternlife.com/my/en/pers...cate-saver.html

planning to buy 1 for my kid.

This post has been edited by Red_rustyjelly: Aug 1 2017, 02:09 PM

If it's a product feature whereby your plan is only available until age 70 then it's always advisable to take a longer tenure

If it's already a built in product meaning like AIA medical card whereby the coverage is up to age 100. Any additional top up will help to sustain the policy longer.

The difference of RM30 is up for you to decide for a 10 years addition. For me I think it's worth taking the extra tenure.

The return of % in insurance education plan depends on the fund the agent put in for you. Some could be higher risk such as equity fund with high return projection but some are lower risk such as fixed income fund with lower yield.

But it will never outperform a pure unit trust fund because it will deduct off the cost of insurance and also other distribution cost. It's good to diversify some of the budget into insurance and probably the rest into other investment vehicles.

honestly speaking if you are looking at this product to help grow your money for education purpose, you really need to put quite big premium.

so let's say you have 18 years to prepare for your kids education fund, how many do you roughly need? then from there i calculate the monthly savings needed for you based on this plan you mentioned.

p/s: don't rely 100% on this plan for education fund purpose ya. I dont want you to end up 18 years later when you wanna take the amount out from this plan, it is not enough.

This post has been edited by ckdenion: Aug 2 2017, 01:05 AM

True. I probably will be using 5% of my salary for it. I am just worry that with our expenditure vs salary, we will slowly lose to inflation of 4%. And also uncertainty of my side business income.

reply above!

The extra of RM 30 is to cover the higher medical card cost for 71-80 years old
I will advise you to cover up to age 80.this is because the life expectancy for male is 75 and female is 78.furthermore if you choose until 70 years old.later when you are 70 years ols,you are not able to extend again to 80 years old.

Please be reminded, now may be RM30 addition, but it is not guaranteed to be extra RM30 in the future or forever.
Premium or cost of insurance may go up a lot in the old ages.

You can go to https://www.greateasternlife.com/my/en/pers...ation-fund.html
to check about the estimated education cost.normally it will be huge amounts and depending you are sending them to which country for furthers studies.

You need to diversify your investment as well but the Smart Educate Saver plan from great eastern can add in the payor benefits.So u have a least some guaranteed amount of education funds.
this is one of the best savings plan in town because.

1)the return is higher
2)There will be additional 2% premium allocation on BuP at every 3rd policy years, i.e. 3rd, 6th, 9th,12th, 15th, 18th, 21st and 24th year (subject to policy term).
3) For Budgeted Premium (BuP), the ratio of IP to Balancer at New Business stage must be 1 to 1.

example

Budgeted Premium (BuP) = RM 2,400
Budgeted Premium (BuP) = RM 1200 (IP) + RM 1200 (Balancer)

the balancer 95%-97% of premium go to unit trust investment. THATS WHY THE RETURN IS HIGHER

Hello, I am currently using AIA Medical Card from like 8-9 years ago. I think my plan is really old and the benefits may not be as worth as what other medical cards are offering now. My birthday is coming soon, so I would like to take the opportunity to review and change my medical card to a better one. Can any agent/consultant PM me and help me to do the comparison? Let me know what information from my existing AIA Medical Card do you need.

Checking from RinggitPlus and I think LonPac sounds very promising. Any agents here?

Thanks in advanced..

You may upgrade your existing AIA medical card benefit to the latest plan in AIA. It's not necessary to shop again for another medical card.

Hi agents, need your quote here. Apart from SOCSO, I have no insurance and now looking for one.

Profile
I am 27 female, non-smoker and working office job in KL.
No history of disease/health problems
Living a healthy life

Requirement
My main goal is to get coverage for hospital and clinic (medical I assume?) + critical illness.
Takaful only
I like Investment-linked insurances

Please PM me your quote or for further questions. Thank you!

It's' good that you have an awareness on insurance beside SOCSO.

Ideally the rule of thumb is to cover atleast 10 times of your yearly annual income for your insurance. So, make sure you get a reliable agent to give you good advise rather than just buying a product.

Are there any cost to the upgrade?

This post has been edited by coo|dude: Aug 2 2017, 03:37 PM

The cost of upgrade will varies depending on your previous plan and also the benefit you'll be getting which is additional.

I will need to know what is your old AIA plan benefit and also the premium you're currently paying.

It's a steal. Go for it.

Thank you so much. It's clearer now!

Thank you so much. Appreciate it.

Thank you Mimi for the advise. Would get the 80 years old plan.

Agree, no one know what's the college/university fee on the next 20 years.
You can plan to save 200k for education fund but when time comes market price for private U is 400k maybe.

And this is also IF the investment doing good all the time.

hi,

Currently i'm a Alliance power link that cover my life only for about 500k if anything happen...
my premium paid 380/month..and the insurance does not cover TPD.

so my question is...i think my premium is too high?
can i have other option that can cover around 500k - 1mil


Can you help?

Do you mean Allianz Powerlink? It does cover TPD unless there was an exclusion for some reason. Or if you're above 65 years old. Depending on your age the premium could be high or low. For someone that is 25 years old then it is high but for someone that is 50 years old then it's low. It also depends if you have any rider or loading base on your occupation.

If you're looking for a 500k - 1 mil you can check out Allianz PremierLink.

Great to meet another Allianz client. 😀

Best,
Jiansheng