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 Insurance Talk V4!, Anything and everything about Insurance

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PPZ
post Oct 16 2018, 09:09 PM

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Hi guys,

I just married few months ago and now wife is pregnant. We are considering to get a family insurance plan for that and also considering if should get a pregnancy coverage insurance plan.

Any suggestion for this?
PPZ
post Oct 17 2018, 09:39 AM

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QUOTE(Holocene @ Oct 16 2018, 11:41 PM)
Ask for the policy contract. Get him to show you the guarantees and terms and conditions. If he can't, please inform him that he might have mis-sold you on the product and is violating BNM's guideline which he can lose his license over.

Otherwise, please provide him with my number as I too would like to get into such a saving plan.

Best,
Jiansheng
I believe AIA has a family plan but you need to check with them in terms of the details.

As for pregnancy coverage, there are a couple of companies providing the coverage (Prudential, AIA and Allianz  to name a few) however do check in details on the coverage and also exclusions when comparing the products.

Best,
Jiansheng
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Thanks bro but i currently have a personal insurance with AIA.. should i upgrade my personal one to family plan? Normally how much it cost for the family plan?
PPZ
post Oct 29 2018, 09:52 AM

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Hi guys,

want to ask if is it a good idea to buy pregnancy and education insurance? Are they worth to buy them?
PPZ
post Oct 29 2018, 10:39 AM

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QUOTE(cherroy @ Oct 29 2018, 09:59 AM)
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.
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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.

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