Insurance Talk V4!, Anything and everything about Insurance
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 Sep 17 2018, 10:42 PM
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#1
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Senior Member
1,401 posts Joined: Apr 2012 
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Hey Sifus, for a fresh grad to the working force (early 20s), what sort of insurance should I be looking at? I have a life insurance that I have had since I was really young so its best for me to continue using it?
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Sep 17 2018, 11:26 PM
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#2
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Senior Member
1,401 posts Joined: Apr 2012
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QUOTE(lifebalance @ Sep 17 2018, 10:54 PM) You may consider a new medical card that covers a higher annual limit nowadays compared to the old card benefit. A medical card is not the same as life insurance correct? Getting a new life insurance with higher sum assured would cost a lot more? Cause I thought the principal is that if you get life insurance really early on (which in my case since I was born) the cheaper it is? as oppose to getting life insurance when already getting old.Newer policies nowadays also grant you a higher sum assured for death and disability benefit. However for starters as fresh grad, secure a medical card first, add on other benefits as additional if you have surplus budget.  |
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Sep 18 2018, 10:32 AM
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#3
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Senior Member
1,401 posts Joined: Apr 2012
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QUOTE(victorian @ Sep 18 2018, 07:50 AM) Medical card is for hospitalization purposes, life insurance is for death, disability or CI. Either way the premiums are more expensive with age. But the premiums wont be as expensive if started from young right? |
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Oct 6 2018, 03:55 PM
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#4
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Senior Member
1,401 posts Joined: Apr 2012
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My current life insurance has a quarterly premium of RM180, and a payout of RM50K. Does this sound overpriced or could perhaps do better?
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